Our approach
Our people are fundamental to our success. W
e strive to create
a safe and encouraging workplace where ther
e is mutual trust
and respect towar
ds and amongst employees. We promote
excellence in every aspect of our operations by investing in our
people to foster their development and encourage their passion
to excel.
A local employer
, globally
We ar
e proud to have cultivated a strong community focused
identity as a local employer with 3,682 employees around the
world. We have a commitment to maximize the use of local
resour
ces whenever possible by drawing local people into our
company and developing their skills, and by choosing local
partners where possible to supply materials and other services.
Living wage
We ar
e mindful of the importance of ensuring that all employees
are compensated and have crafted our local compensation
frameworks using each country’
s living wage as the baseline.
We believe that when an employee can af
ford their family’
s
needs including discretionary income, they ar
e more motivated
to succeed. We consistently rank amongst the top quartile of
employers by annual compensation in each of our communities.
In addition to top quartile compensation, we offer all employees,
including part-time employees, a range of benefits, including but
not limited to health insurance, retir
ement plans, parental leave,
and other non-financial benefits in line with local employment
laws.
Diversity and inclusion
Our employment strategy has resulted in a diverse global
workforce encompassing 32 nationalities located in ten
countries, with multiple ethnicities, religious beliefs, cultur
es,
ages, and other traits working together respectfully and with a
shared sense of purpose.
Our Code of Conduct requir
es all employees to act with
honesty and integrity to foster a business environment that
protects the rights and inter
ests of all stakeholders. Our Code
of Conduct also highlights our zero-tolerance policy for any
form of harassment or bullying. Employees are r
equired to
treat all individuals with r
espect, tolerance, dignity
, and without
prejudice to cr
eate a mutually respectful, collaborative, and
positive working environment. W
e do our utmost to provide
employees with a safe environment to addr
ess any issue directly
with management, and through our Whistleblowing Policy we
also provide a confidential pr
ocedure to raise any concerns,
instances of discrimination, and other breaches to our Code of
Conduct.
We ar
e committed to fostering an inclusive culture and have
launched a group wide D&I pr
ogram, which aims to ensure
fairness, equality
, and diversity in recruiting, compensating,
motivating, retaining, and pr
omoting employees. Though we
operate in traditionally male dominated industries, we are
working to improve our gender diversity in both technical and
non-technical roles and at all levels of our organization. W
e have
set internal benchmarks and targets to improve our recruitment
processes, conduct de-biasing training, pr
ovide sponsorship
and mentorship of minority employees, and develop employee
networks that help them succeed. During the year
, the majority
of our workforce completed the de-biasing training, with the
balance expected to complete the training in 2021. Despite
limitations on hiring during the COVID-19 pandemic, we
improved the ratio of female-to-male hir
es by 16% in 2020
versus 2019.
With an eye on the future of our industry
, we also support
Science, T
echnology
, Engineering, and Mathematics (STEM)
education programs in many of our local communities, with
a focus on girls and minority students. At the Board level, we
implemented a Board D&I policy in 2019 and have r
ecently
appointed a third woman to our Boar
d who also has substantial
ESG expertise, taking the percentage of female boar
d members
to 23% from 17%. W
omen as a percentage of total employees
increased marginally to 10.51% in 2020 fr
om 10.34% in
2019. Approximately 20% of leadership positions acr
oss the
organization were held by women. W
e will continue to work
towards incr
easing gender diversity while continuing to hire or
promote based on merit.
Employee Engagement
We strive to encourage open dialogue acr
oss all levels of
the organization, including with senior management. We
launched the OneOCI platform in 2020 to provide employees
with regular updates on a variety of corporate, operational,
and industry matters, enhance communication across the
group, cr
eate opportunities for employees to connect across
countries and functions, and provide an additional means to
reach senior management. W
e also conduct surveys at the
group and local levels to gather feedback on various topics. W
e
value the feedback from these engagement channels and ar
e
continuously making improvements to enhance all employees’
experiences at OCI.
T
alent development and retention
We ar
e committed to fostering an environment that encourages
individuals to seek opportunities for professional gr
owth and
enrichment. We r
ecognize the importance of training and
development of new employees, improving the performance of
experienced employees, and building future leaders. W
e invest
in our employees through training and development pr
ograms
focused on professional gr
owth and enrichment. Opportunities
are tailor
ed to the needs of each employee, and can include
on-the-job practical training programs, sponsoring higher
education, mentorships and leadership programs for succession
planning, and online courses.
W
e promote a cultur
e of CARE – collaboration,
agility
, r
esourcefulness, and excellence.
Contribution to SDGs
Business performance
Strategy and value creation
Risk management and compliance
Corporate governance
Financial statements
Other information
Sustainability
OCI N.V
.
Annual Report 2020
66