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HUMAN CAPITAL: INVESTMENT AND DEVELOPMENT
continued
Employee retention
Motivated by a stimulating working environment, competitive
remuneration and fair reward, the commitment of our people to the
group is reflected in high retention, especially at senior level. While low
staff turnover ensures continuity and aligns group performance with
our long-term strategic objectives, we remain mindful of the value of
fresh insight and aim for an appropriate balance between internal and
external appointments.
Employee retention 2015
Hyprop
%
Average
service
(years)
Top management
100
12
Senior management
91
8
Middle management
92
9
Administration
91
9
Maintenance
98
9
Total
93
9
Movement
(number of employees)
2015
2014
Internal placements
7
4
New appointments
16
17
Dismissals
1
2
Resignations
13
8
Section 197 transfers
11
0
Employee turnover (%)
7
5
The number of people who departed, relative to the total number of
employees at year-end.
New appointments
2015
%
2014
%
Black
44
63
Coloured
37
13
Indian
7
6
White
12
18
Skills development and training
Our training and development programme takes account of our
own requirements, skills shortages in the property industry and
transformation imperatives.
Training needs are identified during the employee review process. In
addition, the group-wide skills base is objectively assessed to identify
focal areas for training in the year ahead.
The objectives of our training strategy include:
Q
Enhancing knowledge and the skills base
Q
Enabling employees to contribute to our business and growth
Q
Encouraging further education to enhance competence in current
positions and increase eligibility for promotion
Q
Supporting employment equity initiatives.
One of our primary objectives is to establish a succession plan by
developing junior managers for middle management roles.
During the year, a combination of internal and outsourced training
sessions covered key areas:
Training spend*
2015
R
2014
R
Leadership
690 634
312 474
Business operations
536 753
292 782
Graduate programme
85 250
87 652
Green building leasing principles
9 789
60 101
Leasing and administration
63 000
31 500
Health and safety
6 406
137 786
HIV/Aids training and information
52 349
53 153
Total
1 444 181
975 448
* The actual training spend for the year exceeded the budget by 3%
Employee earnings ratio
Performance per employee by net operating income and distributable income, as a measure of productivity, is benchmarked annually against peers.
Number of employees
Net operating income per employee
Distributable income per employee
2015
2014
2013*
2015
R000
2014
R000
2013*
R000
2015
R000
2014
R000
2013*
R000
199
206
209
7 029
5 824
2 525
6 631
5 576
2 474
21% increase
year-on-year
19% increase
year-on-year
* Six-month period
48
Hyprop Investments Limited
Integrated Report 2015
SOCIAL AND ETHICS REVIEW