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Financial Reports &
Governance Other Information HENGYUAN REFINING COMPANY BERHAD l ANNUAL REPORT 2023 33

Strategic Initiative 1

The implementation of HRC’s People Programme for The established People Programme is anchored on the
a future-ready organisation following core purpose statements:

RE-BUILD
group identity, and achieve organisation goals as
Our success depends on the investments ONE Hengyuan with unlocked synergies and seamless
we make for a highly trained, flexible, engaged, collaboration.
and motivated workforce.
RE-CURATE
employee centric experience and thriving workforce with
Within the dynamic and increasingly competitive landscape the unwavering support from leaders and employees to
of Malaysia’s refining industry, talent retention and strive towards sustainable business growth.
development has become a prime commodity, as the world RE-IMAGINE
undergoes unprecedented changes, driven by factors work to operate with efficiency and align to group vision
such as technological advancements, evolving consumer and mission, to strengthen market competitiveness for
preferences, and the global shift towards sustainable practice. future success.
In 2023 HRC developed a People Programme with an The People Programme was rolled out in the last quarter
action plan tailored towards building a culturally aligned of 2023, with the Human Resource department organising
and future-ready organisation. This strategic endeavour three Company-wide employee engagement sessions to
aims to harmonise the workforce with the demands of the brief employees on key milestones of the modules that
contemporary business environment, fostering resilience form the People Programme such as organisation structure
and adaptability, while ensuring employee loyalty and & manpower; grading structure & career pathway; rewards;
satisfaction. This means empowering our employees and and performance management.
providing the right operational framework for them to
develop and achieve satisfaction. The progress of these plans shall continue to be updated
in subsequent dedicated People Programme engagement
sessions in 2024 to ensure good employee engagement
and transparency in developing performance recognition
incentives, as well as opportunities to advance career
trajectory and establish competitive remuneration packages.

Strategic Initiative 2
Retaining and attracting talent to build a sustainable By prioritising ESG considerations in our operations,
talent pool we expect to see positive results in employee satisfaction,
motivation, and overall transformation. On the recruitment
Drawing out from the People Programme, a key initiative front, we leverage on this commitment to observe ESG
that HRC has embarked on is the transition to a structured principles and sustainability to help us attract and retain top
and robust Performance Management System (PMS) that will talents, who prioritise purpose-driven work.
allow us to continuously manage and improve employees’
performance, and ultimately to achieve organisation success. Supporting our recruitment drive, HRC has remained
“Leveraging Performance as a Powerful Tool in Delivering committed to progressing ongoing initiatives such as the
Business Results” workshop was rolled out in January 2024 Graduate Programme, where six graduates have been
for Leadership Team and Departmental Heads to provide absorbed as employees upon completion of the five-year
an overview in equipping our leaders with the knowledge, programme. HRC has also welcomed 13 interns in 2023.
skills, and necessary tools to effectively manage and
improve the performance of the team. The Human Resource
department will roll out similar workshops in 2024 to the
rest of the employees on cascading departmental KPIs to
individual goals.