Interfront 2023 Annual Report

71 HUMAN CAPITAL MANAGEMENT PART BENEFITS One of the pivotal components of Interfront’s Employee Value Proposition is its comprehensive range of benefits, exceeding the minimum requirements set out in the Basic Conditions of Employment Act, No. 75 of 1997. For example, employees with a tenure of less than ten years of continuous service are granted an annual leave entitlement of 24 working days, while those with more than ten years of continuous service are entitled to 29 working days of annual leave. Additionally, our Leave Policy provides for 36 working days of sick leave per three-year cycle. Interfront offers its permanent staff a comprehensive CTC benefit package, incorporating medical aid and retirement saving options. Moreover, Interfront provides life cover for its employees via its group life policy. During the 2022/2023 financial year, Interfront further augmented its employee benefits programme by introducing trauma and severe Illness benefits as well as funeral cover, alongside the existing group life offering, ensuring enhanced protection and support for all Interfront personnel. After the COVID-19 pandemic, Interfront adopted a hybrid working model, allowing employees the option of working remotely while also maintaining designated office attendance on certain days. The Employment Engagement Survey indicated that Interfront employees highly value the new model and the flexibility it offers. Employees reported that it had a positive impact on their well-being and productivity. Management diligently oversees productivity by assessing employees’ output, thereby safeguarding the company’s objectives and goals against any adverse effects arising from the implementation of the new hybrid model. The model does present an aspect of risk regarding staff engagement that necessitates proactive mitigation and ongoing monitoring going forward. WORK ENVIRONMENT All Interfront employees were granted an opportunity under the guidance of their managers to update their Job Descriptions to be aligned with their current roles and responsibilities in Interfront. The new hybrid working model also affords employees increased flexibility concerning their working hours and physical location, thereby mitigating burnout and fostering heightened productivity through the elimination of travel-related time constraints. The Employee Engagement Survey revealed that most employees have a good understanding of the purpose behind their work, thereby encouraging their sense of being engaged in meaningful work. This constitutes an important element of employee motivation and satisfaction. The survey also demonstrated that employees experience a sense of respect and fairness within the work environment.