Sustainability Management in Social Dimension Human Resource Management Opportunities and Challenges IRPC believes that corporate growth hinges on good employees. The company, therefore, has formulated a proactive policy with emphasis on human resource management that moves in tandem with modernization, technological advancement, and evolving international standards. The aim is to develop talented employees with integrity who are social-minded and together help drive the company towards a High Performance Organization that is keenly competitive and adept at corporate transformation. The impact of the Covid-19 pandemic continued to play out, having wreaked havoc to the global economic and financial systems. This served as impetus for change at IRPC in this industrial sector. There was obviously a need to adapt in order to stay on top of rapidly changing situations. At the same time, many businesses have already been struggling with or about to face the full impact of a demographic shift towards aging society. In terms of human resource management, that means highly capable senior employees would eventually be retiring and leave the company. Succession planning to get new generation of employees ready to take over soon-to-bevacated positions became a necessity. In 2021, IRPC intensified its human resource management to ensure employees not only turn out to be valuable human resource but also help propel the Company towards stable and sustainable growth while maintaining IRPC’s competitive edge within its industrial sector at the national and international levels. Simulate workforce demand per job cluster Analyze workforce supply per job cluster Future supply Future demand Current workforce Workforce demand Strategic Workforce Planning (SWP) 5 Rights - Size - Shape - Type - Spend - Skill Assumptions, e.g., • Attrition • Retirement • Phased retirement • Competencies • ... Strategic scenarios Identify gaps and risks Develop strategic workforce plan By 3Bs Future demand Headcount 2019 2019 2029 2029 134 IRPC PUBLIC COMPANY LIMITED 56-1 ONE REPORT 2021
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