Page 117 - Sigmaroc Annual-Report 2023

Health and Safety Frequency rate improvements
Age
6% 17%
31% 25%
2022
19% 8%
-29% -31%
27% 47%
0 to 20 - 1% 21 to 30 - 11% 31 to 40 - 20% 41 to 50 - 26% 51 to 60 - 31% >61 - 11%
This development of our teams has been supported by >22,000 hours of learning and development that has been delivered during the course of 2023.
In addition to the recruitment of staff to support our growing businesses, we also review employee retention through aspects such as local satisfaction surveys, training, career management plans and performance reviews.
The Group has not experienced any strikes / lockouts within its businesses in the last three years.
Strategy
Each OPCO is responsible for the recruitment, management, and retention of its employees with renumeration policies being guided by local legislation. Generally, Supervisors and managers have a variable component to their renumeration which is based on a combination of business performance as well as personal performance and operators have a variable component to their renumeration which is usually based on operation and site performance.
Each business complies with its jurisdictional requirements around aspects such as pensions and where applicable / available offers additional non-compensation employee benefits such as life assurance and medical insurance that can often be extended to employees’ families, allowing them access to preferential rates.
GOVERNANCE
Corporate Governance
Board
In 2023 the Board consisted of Independent Non-Executive Directors (57%) and Executive Directors (43%).
In 2024 the Board is expected to consist of Independent Non-Executive Directors (67%) and Executive Directors (33%) subject to formal appointments.
In 2024 the Board is expected to have representation of experts in Finance, Industry and ESG.
In 2024 the Independent Non-Executive Directors are expected to be 33% female, subject to formal appointment.
2023
2021
2020
28%
Labour Management
17% 6%
-9%
TIFR HIFR SHIFR LTIR
2020
26%
2021
2%
2022
2023
117
Silicosis
0000
Within the Group, as per the business owner at 31 December 2023 the Group employed c.2000 people.
Within the heavy materials industry, diversity continues be a challenge especially at an operational level with 80% of our workforce being at an operational level. Across the Group 12% of our work force is female, however 42% of our shared services and management is female.
We continue to engage with school leavers and apprentices to ensure there is succession planning and that the knowledge of our long serving employees is retained within the business with our overall age profile as follows: