ANNUAL REPORT 2023 103 MATERIALITY MATTERS (cont’d) GRIEVANCE MECHANISM Management unequivocally supports employees’ rights to flag any actions that involve harassment, bullying, human rights violation and breach of labour laws via MYEG’s whistleblowing channel and policy. Employees are neither censured nor discouraged from sharing their grievances. They may also do so collectively. All complaints will be thoroughly investigated. Unless required by law, the identities of complainants will be kept confidential. In FY2023, zero cases were brought up through the grievance mechanism for human rights or labour standards violations. There have been zero reported infringements on the rights of any persons, adult or child, nor any incidence of forced or compulsory labour. Neither has there been any violation of human rights involving indigenous people’s rights at any time in MYEG’s history. HIRING AND ATTRITION RATES MYEG hired a total of 311 new employees in FY2023, which brought total employee count to 2,059 personnel as of 31 December 2023. The Group takes pride in hiring local talent which is why only 1.6% of its workforce in Malaysia consists of foreigners. Some 4.5% of employees are contractors or temporary staff. 600 500 200 300 400 100 0 FY2022 332 99 FY2021 427 148 FY2023 242 69 600 500 200 300 400 100 0 FY2022 FY2021 FY2023 New Hires by Age Group New Hires by Gender Female Male Total Aged 30 and below Aged 31-50 Aged 51-65 Aged 65 and above 209 226 324 257 581 435 311 5 1 4 149 162 WORKFORCE BREAKDOWN BY CONTRACT TYPE (%) Attrition rates remained healthy in FY2023 compared with industry peers, with 525 employees undergoing attrition. This reduction in staff numbers is primarily attributed to the release of contract personnel and restructuring of roles within the organisation aimed at enhancing work efficiency. Percentage of Contract Employees (%) 90.00 80.00 70.00 60.00 50.00 40.00 30.00 20.00 10.00 0.00 100.00 FY2022 FY2021 FY2023 89.11 10.89 5.37 4.47 94.63 95.53 Contract Permanent Att iti t i d h lth i FY2023 d ith i d t ith 525 l d i tt iti SUSTAINABILITY STATEMENT
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