Interfront 2024 Annual Report

A B C E HUMAN CAPITAL MANAGEMENT Interfront assigns two types of promotion: FORMAL PROMOTIONS These are specific events where an employee is elevated to a higher position in the company’s hierarchy, typically based on factors such as seniority, performance, skills and potential. Formal promotions, which may include some management duties, are advertised internally to ensure fairness. For example, a senior developer might be promoted to a team lead position. NO. OF PROMOTIONS PREVIOUS POSITION PROMOTED TO 1 SENIOR JAVA DEVELOPER DEV TEAM LEAD 1 PROJECT ACCOUNTANT PMO TEAM LEAD 1 SUPPORT ANALYST SUPPORT TEAM LEAD IN-LINE PROMOTIONS These occur when an employee’s experience and achievements have advanced them to a higher level of responsibility and technical capability within their existing role. In-line promotions are based on competency levels and align with the company’s skills development framework, representing career progression through increased contribution and responsibility. For instance, a junior developer might progress to an intermediate developer role through demonstrated growth and capability. NO. OF PROMOTIONS PREVIOUS POSITION PROMOTED TO 5 GRADUATE INTERNS ENTRY-LEVEL INTERNS 4 ENTRY-LEVEL INTERNS JUNIOR 2 JUNIOR INTERMEDIATE 2 INTERMEDIATE SENIOR Training Expenditure for 2023/2024 BUSINESS UNIT PERSONNEL EXPENDITURE (R) TRAINING EXPENDITURE TRAINING EXPENDITURE AS A % OF PERSONNEL COSTS NO. OF EMPLOYEES AT THE END OF THE YEAR AVERAGE TRAINING COST PER EMPLOYEE Staff training – 1 023 587 0.66% 116 8 824 Bursaries – 204 675 0.13% 2 102 337 Graduate interns – 50 428 0.03% 19 2 654 Professional membership – 23 797 0.02% 5 4 759 Staff formal study assistance – 457 601 0.30% 6 76 267 TOTAL 154 175 886 1 760 087 1.14% 148 11 892