CapitaLand Annual Report 2007 - The Story Behind Our Numbers

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CapitaLand President & CEO Liew Mun Leong accepting the “Most Admired Asean Enterprise
Award for Employment” (Asean Business Awards 2007) from Senior Minister Goh Chok Tong.

CapitaLand is a multinational company with a footprint that stretches over 100 cities in more than 20 countries, and we engage talents at a global level. We adopt a total rewards approach in hiring, developing and managing our employees by offering market competitive compensation and benefits, a work environment that enhances employees’ well-being, and adopting a comprehensive talent management strategy.

To ensure that CapitaLand remains competitive and continues to attract and retain talent, it constantly benchmarks itself against different markets and innovates its compensation strategies. Accordingly, the Group replaced the Employee Share Option Plan with a performance-based Restricted Stock Plan in 2007. The Plan provides an attractive long-term incentive to employees, contingent on achieving a set of performance targets. This is to better align employee and shareholder interest to deliver results.

CapitaLand prides itself on being proactive in providing a total well-being programme to help employees better manage their physical health, as well as handle any stress and personal issues that may arise. For example, in Singapore, besides a flexible benefits programme, regular talks and workshops are held to educate and encourage staff to live a balanced lifestyle. Topics range from art appreciation as a form of therapy, to retirement and financial planning; from eating right to positive parenting. A comprehensive health screening is also widely available.

We recognise the diverse needs of our workforce and continue to enhance the Group’s flexible benefits plan to enable staff to complement their personal medical and insurance needs, with those provided by the Company. In 2007, a flexible work arrangement policy was formalised to recognise the employee’s need to balance work and family commitments. In addition, a HAPPY (Holiday Accommodation Programme Provided for You) programme was introduced in August 2007 to reward all CapitaLand staff with holiday accommodation at The Ascott Group’s properties. This is to encourage staff to take a break with their family and rejuvenate themselves.

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