Since its establishment, Long Giang E&C in particular and Long Giang Group in general have always appreciated and considered “human resource” as one of the leading and decisive factors for success of the Company. From the point of view, Long Giang E&C always cares for and provides every staff with an attractive and adequate remuneration package. Over time, remuneration packages have been complemented and completed. By 2019, the Company’s remuneration packages have been relatively complete, which is consistent with the conditions and development of the Company, creates benefits and builds strong faith so that staff can devote and works for the Company in the long term.
Long Giang E&C’s remuneration packages are combinations of material and spiritual remuneration, training, employment management and construction of corporate culture.
Attractive remuneration packages in 2019:
I. Material remuneration
Long Giang E&C’s material remuneration is shown through the following outstanding activities:
- In the last year, along with Long Giang Group, Long Giang E&C has increased staff’s average salary from VND 13,000,000 to VND 15,000,000 (equivalent to an increase of 13.3%).
- Adjusting income of 55% staff in 2019.
- Monthly commending and rewarding staff through staff assessment.
- Commending and rewarding staff with the total value of VND 4.3 billion on public holidays
- Giving presents to staff with the total value of VND 0.5 million on public holidays.
- Providing clothing for managers and staff with the total value of VND 0.5 billion.
- The Company has also released bonus shares to staff according to the 2016 ESOP.
- Buying voluntary healthcare insurance for all staff of Long Giang Group, with the total value of VND 430 million.
- Organizing a summer trip for 136 staff with the total cost of VND 1 billion (averagely, VND 8 million/ person).
- Organizing a trip to the US for leaders and managers with the total cost of VND 1.7 billion.
II. Spiritual remuneration
To ensure that staff is provided with adequate spiritual remuneration, Long Giang E&C has organized many meaningful activities in the last year:
- Long Giang E&C continues organizing “Festival of the month” on special occasions such as New Year’s Eve, Mid-autumn, June 01, etc., the main content is to celebrate staff’s birthday, introduce new staff who have just been recruited or appointed and enjoy the performance.
- Giving presents to staff and allowing them to take 0.5 day off to spend time with themselves and their families on their birthdays.
- Visiting staff and their relatives when they are sick and attending their weddings and funerals.
- Organizing the spring travel program for all staff.
- To improve staff’s health and create a useful and healthy playing field, Long Giang Group has organized and financed arts and sports clubs of staff. The clubs have attracted the participation of many members of various ages, divisions or departments with average frequency of three times per week.
- Besides, Long Giang Group has also maintained a culture of collective exchange and lunch at the Company’s office, creating close and cozy space for people to share and get close to one another.
- Also, Children’s Day and Mid-autumn Festival have been organized for children of the Company’s staff thoughtfully and intimately, attracting the participation of more than 100 children and their parents.
III. Training and internal training for staff
With the desire to create a happy work environment where staff not only can devote and work according to their abilities, but also is instructed and trained to constantly improve their qualifications, Long Giang E&C has been particularly concerned about internal training in the past year.
04 training courses on leadership and management skills for all staff have been organized, the Chairman of the Board of Management has participated in content editing and direct training.
The Company has also trained all staff in the Internal Administration Regulations. The content of the regulations is comprehensively improved, it is considered as a handbook instructing staff in work method and standards in order to improve their work performance and create a professional and civilized work environment in Long Giang E&C.
Besides, for each staff that has just joined Long Giang E&C, the Company also offers integration training courses so that such staff can understand more about the Company and adapt to a new environment quickly.
IV. Staff management and employment
In addition to material and spiritual remuneration and training, assignment and work instruction are carried out synchronously and completely: the Chairman of the Board of Management assigns and instructs leaders to perform the specific work. Furthermore, the Company also maintains monthly staff assessment and reports to all staff daily/ weekly/ monthly.
To manage, employ staff effectively and bring practical benefits to both staff and the Company, Long Giang E&C has officially issued the Internal Administration Regulations and Internal Labor Rules.
V. Construction of corporate culture
Corporate culture plays an important role in contributing to improving corporate competitiveness and is an important condition to attract high-quality human resources. Recognizing its importance, Long Giang E&C always pays attention to building, cultivating and spreading cultural values with its own character.
The Company has issued a summary of corporate culture in the Internal Administration Regulations. Accordingly, Long Giang chooses “Luc Hoa” philosophy in the Buddhist Catechism as a key instrument; “human culture” values are considered as a goal to strive for and move forward during the process of developing corporate culture.
On the basis of human culture values, Long Giang E&C always regards social contributions as its responsibilities, moves forward and bring better things to disadvantaged people. Along with other companies of Long Giang Group, Long Giang E&C has regularly maintained charity programs with the total cost of over VND 1.1 billion.
Moreover, Long Giang E&C has also improved the image, maintained office wear for all staff and completely upgraded the office of Long Giang Group on the 24th floor – 173 Xuan Thuy Tower, Hanoi.
Over time, although the Company has made enormous efforts, increasingly cared about and completed remuneration packages for staff, in the past year, there have been still some shortcomings that need to be overcome, for example some staff’s income has not been checked and adjusted, some staff who has made great efforts and got achievements at work has not been commended and rewarded timely, external training courses for managers and staff have not implemented as scheduled, etc.
2020 goals
In the spirit of caring for and providing staff with the best remuneration packages, in the coming time, Long Giang E&C will constantly improve remuneration packages, aim at making Long Giang E&C become an attractive work environment where staff can work, cling to the Company and constantly develop themselves.
I. Regarding material remuneration, Long Giang E&C sets goals
- Completion of checking and adjusting income of qualified staff.
- Completion of implementing the 2019 ESOP.
- Continuing monthly commending and rewarding staff through staff assessment
- Continuing commending and rewarding and giving presents on public holidays.
- Continuing supporting managers and staff in clothing.
- Buying additional voluntary healthcare insurance for all qualified staff.
- Continuing organizing a summer trip for all staff.
- Organizing an overseas trip for leaders, managers and staff who get good achievements.
- Completion of declaration of personal income tax finalization for staff in 2018.
II. Regarding spiritual remuneration
Long Giang E&C aims at achieving goals:
- Leaders and managers take particular interest in all of their staff.
- Continuing organizing “Festival of the month” for staff every month.
- Visiting all staff and their relatives when they are sick and attending their weddings and funerals
- Continuing organizing the spring travel program for all staff.
- Keeping up and improving the quality of arts and sports activities for staff.
- Organizing exchange programs for staff.
- Continuing organizing Children’s Day (June 01) and Mid-autumn for children of staff.
- Encouraging, commending and rewarding staff timely who has made great efforts and got achievements at work.
III. Training and internal training for staff
In the coming time, Long Giang E&C sets goals:
- Maintaining the Chairman of the Board of Management’s training courses on leadership and management skills for all staff.
- Maintaining monthly training courses on specialist skills for all staff.
- the quality of integration training courses for staff.
- Organizing external training courses for leaders, managers and staff.
- Checking all staff’s results after training.
IV. Staff management and employment
Long Giang E&C sets goals:
- Assigning and instructing all staff to perform the specific work.
- Managers are responsible for supporting staff when they have difficulties at work.
- Assessing staff’s results objectively and honestly.
V. Regarding construction of corporate culture
In the coming time, Long Giang E&C sets goals:
- Completion of issuing Long Giang’s handbook of corporate culture, version 2019.
- Training all staff in corporate culture.
- Leaders and managers must be role models to follow corporate culture.
- Maintaining periodical and unscheduled charity programs.
- Continuing improving the image of Long Giang E&C’s staff.
It can be said that, regarding remuneration packages for staff, Long Giang E&C has actually achieved considerable success, bringing practical values to employees so that they can keep their mind on their work, devote and develop themselves.
With humanistic management, caring for and providing every staff with an adequate remuneration package all the time, Long Giang E&C has been creating sustainable values to connect staff with the Company, which is the Company’s premise for maintaining stable and high-quality human resources, meeting the development needs of the Company in the new period.
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