- creating a working environment which enables employees to develop their skills and knowledge
- maintaining healthy and safe working conditions and to operate in an environmentally-responsible manner
- encouraging a working environment in which employees feel comfortable about highlighting wrong-doing
- enabling our employees to make informed decisions about the effect of a wide range of benefits on their lifestyle, wealth and financial security
- promoting an environment of equality of opportunity which is intolerant of discrimination, harassment or victimisation
We continue to create an environment which further develops the skills and knowledge of our employees. To achieve this, we operate an appraisal system for all staff that reinforces the links between training and development; reward and performance.
Our reward package for staff is designed to provide incentives for the delivery of both short-term goals and the achievement of long-term objectives. This is performed through cash bonus eligibility for all staff and equity schemes for individuals with the clearest 'line of sight' to corporate performance.
Our share schemes continue to encourage employees to take an active stake in the success of our company, with a participation level of over 70 per cent.
In addition, we give all staff access to a comprehensive range of benefits and funding to purchase those of most relevance through our flexible benefits scheme, which includes a number of health and welfare schemes. New for 2004 is an on-line charitable giving scheme, making it easier for staff to make donations to their favourite charities.
As well as a stimulating environment, we maintain healthy and safe working conditions. Our Health and Safety Policy includes procedures for the safe handling of toxic and environmentally damaging materials. Compliance is monitored by an internal Health and Safety Group. This Group, with representation from each business area, meets on a regular basis and considers changes in legislation and related matters.
There were no reportable illnesses, dangerous occurrences, or liabilities, nor were any health and safety enforcement notices or convictions received. No accidents to staff were reported under the health and safety reporting regulations during the year.