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WoolWorths holdings limited 2013 good BUsiness JoUrneY report

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Social<br />

EMPLOYMENT BRAND<br />

Building our employment brand linked<br />

to our employment value proposition<br />

continues to be a strategic focus.<br />

A key initiative in this regard has been<br />

the implementation of an integrated<br />

Career Path Framework in our stores.<br />

This provides employees with a clear<br />

understanding of the different levels of<br />

work, the associated remuneration and<br />

career progression plan, supported by<br />

the necessary development programmes.<br />

Union membership continues to drop,<br />

with voluntary withdrawal being the<br />

major reason for a drop in membership.<br />

It is anticipated that proposed Labour<br />

Law amendments coupled with a difficult<br />

period in South African labour relations<br />

will provide for a more complex labour<br />

environment going forward, and the<br />

employment brand, employment value<br />

proposition and engagement will continue<br />

to be critical strategic focus areas.<br />

REMUNERATION<br />

Woolworths’ remuneration is managed<br />

within the principles applied in the<br />

integrated remuneration policy, namely:<br />

• The remuneration framework supports<br />

the delivery of the company strategy.<br />

• Guaranteed pay (TCoE) is benchmarked<br />

against major South African retail<br />

and non- retail companies to ensure<br />

competitiveness.<br />

• Market conditions, company<br />

performance, internal comparability,<br />

individual responsibility, performance<br />

and behaviour are all taken into<br />

consideration.<br />

• A balance is created between<br />

short- and long-term incentive schemes.<br />

All employees have the opportunity<br />

to participate in a short term incentive<br />

scheme linked to business and individual<br />

performance.<br />

• Annual review of salaries takes<br />

into account both financial and<br />

non-financial individual performance<br />

against agreed goals, individual<br />

behaviour against company values<br />

and market competitiveness.<br />

number of injuries on duty<br />

Period<br />

July 2012 to June <strong>2013</strong> 682<br />

July 2011 to June 2012 778<br />

July 2010 to June 2011 563<br />

July 2009 to June 2010 693<br />

July 2008 to June 2009 551<br />

July 2007 to June 2008 511<br />

July 2006 to June 2007 751<br />

July 2005 to June 2006 637<br />

Please refer to the “Our People”<br />

section in our <strong>2013</strong> Integrated Report<br />

Please refer to the “Remuneration”<br />

section in our <strong>2013</strong> Integrated Report<br />

WHL 52 / <strong>2013</strong> GOOD BUSINESS JOURNEY

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