MATERIALITY MATTERS (cont’d) SUSTAINABILITY STATEMENT TALENT TRAINING AND DEVELOPMENT MYEG understands the importance of facilitating the continuous development of our staff through training, which is a key aspect of our approach to talent management. Training is an effective means to develop employee competencies or support succession planning. It also serves to reinforce employee morale and satisfaction, reflecting MYEG’s appreciation of its employees and how it is a strong supporter of its workforce’s career advancement. MYEG’s aims to address competency gaps in employees’ skill sets through the trainings provided. MYEG focuses on key aspects such as safety and health, nurturing positive relationships at work, building a highperforming team, handling conflicts and confrontations effectively, ethics and integrity, time management, and privacy and security. MYEG has in place a carefully-crafted talent development process model in place to attain those aforementioned ambitions. Detailed here is our talent development process model: Identifying Goals Attracting the Talent Sourcing the Talent Recruitment Selection Promotion Performance Appraisal Assessment Career Planning Succession Planning Exit Stage Retention Training and Development Identifying the goals − To identify what the organisation aims to achieve, and what characteristics, qualifications and skills the recruits should possess to realise these goals. Attracting the talent − To hire the best talent for the organisation. Organisations at this stage make an effort to attract the best and most talented candidates from the job market. Sourcing the talent − The talent management personnel looks for appropriate sources in the job market or industries where the targeted candidates can be hired or recruited. Recruitment − This is the first stage of hiring the best and most talented people for the organisation. Skilled and qualified candidates are invited to join the organisation. Selection − This is the stage where the objective of talent management becomes a reality, as it is when the truly talented candidates are finally recruited or hired in various roles. Training and development − At this stage, the selected recruits are provided with the necessary training to make them more productive and efficient in working towards the organisation’s goals. 99
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