43 KENANGA INVESTMENT BANK BERHAD Annual Report 2022 OUR SUSTAINABILITY STATEMENT TALENT ATTRACTION, DEVELOPMENT & MANAGEMENT [GRI 401,404] Talent Attraction Fair Recruitment At Kenanga, we are dedicated to upholding impartial and unbiased recruitment processes. To accomplish this, we follow our Group’s Recruitment and Staffing Management Procedure as a framework. Furthermore, we employ a Malaysian-first approach in our hiring strategy to provide prospects for local talent to join our team. New Employee Hires 2021 2022 Total Number of New Hires 282 209 New Hires Rate (%) 20.2 15.4 Employee Turnover 2021 2022 Total Number of Turnover 168 249 Turnover Rate (%) 12.5 18.1 Supporting Employees in Need During the year, we distributed zakat contributions received from Zakat Perniagaan and Zakat Wakalah amounting to over RM290,000 to nearly 400 employees for the purpose of assisting low-income employees, supporting education expenses for those with children and flood relief. Employee Benefits Our employee benefits are in compliance with local labour standards, as well as based on industry practice. Our spectrum of benefits range from insurance coverage, leave allocation, and fitness memberships, to Employees’ Share Option Scheme. In line with recent updates on our local Employment Act in 2022, we have further updated our paternity and maternity leaves, as well as hospitalisation and sick leaves. Talent Development Nurturing a Skilled Workforce Our Learning and Development Policy further supports our values for continuous learning and development for employees at all levels of the organisation. We continue to introduce opportunities to learn through training programmes in areas such as digital competency, leadership skills, and sustainability-related issues. In 2022, we invested approximately RM2.7 million with over 22,000 enrolment on talent and development programmes by employees and logged in more than 39,000 training hours. Average Training Hours per Employee by Gender in 2022 31.6 Female 26.0 Male
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