Vtech 2012 Annual Report Download - page 30

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VTech cares for its employees and understands that good staff
relations and a motivated workforce play a vital role in the
Group’s success.
Employees
Employee Numbers and Costs
The average number of employees for the
financial year 2012 was 31,600, compared
to 32,300 in the previous financial year.
Staff related costs for the year ended
31 March 2012 were approximately US$238
million, as compared to approximately
US$210 million in the financial year 2011.
Workplace
VTech strives to create a supportive,
enjoyable workplace and treats employees
with respect. We put emphasis on
people-oriented management to ensure
harmonious staff relations across the
Group, especially in our manufacturing
facilities in China.
Equal Opportunities
We provide equal employment
opportunities to all employees, allowing
them to make the most of their capabilities.
We have a strict policy of no discrimination
on the grounds of age, sex, marital status,
disability or any other non-job related
factors. Remuneration is determined with
reference to performance, qualifications
and experience.
Communications
We value internal communications
and encourage employees to voice
their opinions. We maintain open
communication with employees at all
levels, through channels such as the
website, internal newsletter and meetings
to communicate plans and policies.
Personal Development
We value our employees and believe it
is crucial to enable them to utilise their
potential at work fully. We encourage
personal growth by providing training
programmes tailored to different needs.
Sponsorship is made available for external
professional education programmes.
Employee Relations
Recreational events organised during the
financial year helped to foster team spirit
and promote life balance.
In Hong Kong, these included our 10th
anniversary participation in the Standard
Chartered Hong Kong Marathon, in the
annual dragon boat competition, the
staff Christmas party, the company’s 35th
anniversary celebration at Ocean Park,
tours to Shaoguan, Macau and Zhongshan
and a variety of sport activities. These major
events were supplemented throughout
the year by courses on a variety of interests,
ranging from cake baking to running.
Overseas, our ELP operation in the US held
an annual picnic on a festive 1980s theme
and a party to celebrate 30 years in the
US market.
28 VTech Holdings Ltd Annual Report 2012
Corporate Social Responsibility