We offer competitive remuneration and employee benefits, including medical benefits, retirement schemes, and bonuses. The Group provides recreational facilities such as holiday homes and leisure boats.
In 2020, we introduced a new parental leave policy, with 14 weeks leave for the primary caregiver and four weeks leave for the secondary caregiver. It came into effect on 1st January 2021.
Remuneration decisions are based on roles and responsibilities, individual and business performance, and conditions in the employment markets and economies in which we operate. We try to recruit locally, searching locally before searching internationally. Normally, vacancies are open first to our own people, then locally and finally internationally.
In 2020, our new hire rate was 12% and the average staff tenure was 8.4 years. Staff turnover is monitored with a view to identifying and managing problems as they arise, and to retaining talent. The voluntary turnover rate for permanent staff fell from 16% in 2019 to 14% in 2020.