DIRECT ECONOMIC PERFORMANCE OUR PERFORMANCE IN ADDRESSING MATERIAL MATTERS Kindly refer to the Five-Year Financial Highlights and the Management Discussion and Analysis for comprehensive details on Matrix’s financial performance. Financial values created and distributed are provided as below: INDICATOR FY2022 FY2023 FY2024 Payments to employees (RM’000) 92,566 92,564 104,717 Payments to suppliers and partners (RM’000) 241,148 511,040 587,758 Payments to Government (RM’000) 67,530 57,753 86,550 Repayment to providers of capital (RM’000) 226,198 197,832 226,558 Monies distributed for community development (RM’000) 8,590 8,263 10,321 Economic value retained (RM’000) 171,194 153,132 414,482 TALENT DEVELOPMENT AND MANAGEMENT Matrix’s management approach to talent management is intended to enable the Group to acquire and retain highperforming, high-calibre talent. Group Human Resources (“GHR”) continues to be the champion of Talent Management with the Board and Management maintaining direct oversight on talent matters. Notably, the Nomination & Remuneration Committee plays a key role in driving Board oversight. Matrix’s workforce refects a microcosm of Malaysia’s ethnic and cultural diversity with varied demographic groups represented. The achievement of workforce diversity was centred on the principle of merit; that is decisions on hiring, rewards, promotions and training were purely driven by the qualification, competence, performance, experience of staff as well as on a needs basis. All Matrix staff are provided with competitive remuneration and benefits that commensurate with their performance and position in the Group as well as assumed roles and responsibilities. Salary increases, performance bonuses, and other forms of compensation and benefits are determined based on qualifications and performance evaluated against tangible personal and collective Key Performance Indicators (“KPIs”) and targets. The Group’s overall financial performance for the fiscal year is also considered a criterion in determining bonuses and increments. Matrix complies with the principle of equal pay for equal work and continues to address any disparity in pay ratios, notably gender pay ratios. VALUE CREATION STRATEGIC REVIEW 91 INTEGRATED ANNUAL REPORT 2024
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