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VTech Holdings Ltd Annual Report 2011 21
V
Tech H
o
The Company has a Code of Conduct
which employees are required to
abide by and a Whistleblower Policy
to facilitate the raising of concerns
by employees.
Investor Communications
VTech’s investor relations programme
keeps investors abreast of the
Group’s latest developments and we
welcome suggestions.
During the financial year, we held
meetings with investors, organised
site visits to our facilities in mainland
China and participated in investor
conferences. We also held roadshows
in Singapore, Japan and the UK.
Key financial announcements
are webcast, accompanied by
the detailed slide presentations
and other important financial
information. Up-to-date information
on the Group’s developments,
financial data and stock information
can be found at the corporate
website www.vtech.com. All key
information is available electronically.
Employees
VTech cares for its employees and
recognises that harmonious staff
relations and a committed workforce
are vital to the success of the Group.
Employee Numbers
and Costs
The average number of employees
for the financial year 2011 was
32,300, an increase of 19.2% from
27,100 in the previous financial year.
Staff related costs for the year ended
31 March 2011 were approximately
US$210 million, as compared to
approximately US$172 million in the
financial year 2010.
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 factor.
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,
meetings and informal gatherings 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 training programmes.
Employee Relations
We organise recreational events
to foster a better team spirit and
promote life balance. In Hong
Kong, we support staff in sport
and recreational events such as
the Standard Chartered Hong
Kong Marathon, where we have
participated for the past nine
years, and the annual dragon
boat competition.
We also organise different recreational
activities for staff every year at all
our operations, such as parties for
Christmas and Thanksgiving, picnics,
barbecues, classes on swimming and
photography, as well as sightseeing
trips including two-day tours to
mainland China for our Hong
Kong staff.