Page 33 - Continental Reinsurance 2022 Annual Report
P. 33
Our People 31
Employment Policy Consequently, investing in the growth and development of
Continental Reinsurance recognizes that Human Resources is employees remained a top priority for Continental
one of the most important factors in achieving its business Reinsurance, as numerous trainings were conducted
goals. Therefore, the organization ensures that it attracts, throughout the year, covering technical skills, leadership
develops, improves, and retains a competent and engaged development, and professional certifications, among others.
workforce.
We also embraced mentorship, cross-location work
We aim to achieve diversity and gender equality at the Board, placements, and training attachments in reputable
top management level, and throughout the entire workforce, reinsurance companies and brokers, and we partnered with
contingent upon the identification of qualified candidates. As top-tier executive training institutes to provide our employees
of December 2022, 58% of the company's 121 employees with world-class technical and leadership training.
were male, while 42% were female.
Performance Management and Employee Engagement
Recruitment and Acquisition of Talent: The company's performance management system was
Continental Reinsurance focused on attracting top talent streamlined to comply with its corporate objectives. To assist
throughout the year by implementing targeted recruitment employees in closing knowledge deficits and reaching their
strategies, leveraging social media, and partnering with full potential, objective performance evaluations and
professional networks to fill a number of sensitive positions development plans were created. The introduction of well-
within the company, resulting in an 8% increase in the being initiatives, such as mental health support and work-life
company's total workforce. balance programs, improved employee productivity and
overall job satisfaction.
We are equally committed to ensuring a seamless integration
of new employees, and the company's Human Resources The annual employee engagement survey conducted during
Department continues to improve the induction process by the period provided valuable insight into employee
introducing comprehensive orientation programs, buddy satisfaction, as the response rate to the survey was 73% and
systems, and training opportunities for new employees. the results indicated an increase in overall engagement
compared to the previous year.
Employee Development and Training:
Continental Reinsurance recognizes that the global space is Employee Relations and Compliance:
dynamic and rapidly expanding, which increases the need for Continental Reinsurance remained dedicated to adhering to
continuous training of employees to keep them abreast of all applicable Labour laws, regulations, and industry
changing technologies and philosophies in order to adapt to standards.
the expanding work environment.
The Human Resources department of the company
maintained an open-door policy and a fair grievance-handling
