Download PDF - Keppel Land

Human Resources and Community Relations
Qualification of Management and Executive Staff
HUMAN RESOURCES
3%
4%
Cultivating the Asset-light Approach
11%
The chaIlenge ahead is to encourage staff to change
their mindsets and acquire new skills to be adept at
27%
56%
1st Degree
Postgraduate Degree
the asset-light approach that the Company has
embraced. To this end, human resource management
Diploma/GCE "A" Level
Secondary
Others
will focus on attracting suitable individuals,
developing the necessary skills, and implementing a
performance management system which provides
incentives for individuals who excel well in this new
operating environment.
Qualification of Non-Executive Staff
Human resource management will support the
strategic goal for Keppel Land to transform itself from
People Count
30
19%
1%
10%
a property landlord holding investment assets to a
developer of outstanding trading properties, and
manager of property funds. Henceforth, attracting
and developing the right talent who are able to
17%
execute the asset-light approach will be the focus of
53%
Primary
Secondary
human resource management.
Diploma/GCE "A" Level
Industrial Certificate
Others
New Performance-based Management System
The sudden deterioration in the business-operating
environment in 2001, especially after the September 11
Training Expenditure Distribution
events in the US, required rationalisation of staff
benefits and rewards to help the Company to ride out
this difficult period. Plans to introduce a flexible
2%
9%
benefits system, the Keppel Land Flex Plan, have been
put on hold. Cost-saving measures were also
2%
9%
undertaken with senior management taking a pay cut
of 7% to 10%, and the implementation of a wage
78%
Seminars, Conferences and Workshops
freeze across the board.
Skills Redevelopment Program (SRP)
Information Technology
Diploma/Degree
Certificate