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Employee & Development

People-oriented and Equality

COSCO SHIPPING International adopts a people-oriented development strategy, which poses equal treatment on its staff independent of their genders, religions, races or nationalities. In its recruitment policy, it clearly states that the ability, technical skills and professional knowledge are the principles for employment. This ensures that the applicants and the employees have same opportunity and fair treatment in recruitment, appointment, promotion, appraisal and remunerations, etc.

COSCO SHIPPING International has a set of comprehensive human resources management policy set out in rules and regulations of the Company to support everything we do in regard to human resources. We have always strictly observed the relevant legislations of different regions regarding the equal employment opportunities, child labour and forced labour, to ensure the employees’ enjoyment of human rights and the effective prevention of the phenomenon of child labour or forced labour.

As of the end of December 2017, COSCO SHIPPING International had a total of 846 employees. Their percentages by age and by region are as below:

Percentage By Region

Percentage By Age

Note: Employees of the Group in Mainland China do not include the employees of jointly controlled entities and associates.

Competitive Remuneration and Benefits

We are committed to providing a fair and competitive compensation package, in the form of a basic salary, incentives bonus, mandatory provident fund, and other fringe benefits, such as healthcare benefits, education and training allowances. Apart from offering the basic fringe benefits such as paid annual leave and sick leave, annual medical insurance policy in compliance with the labour legislations of various regions, we also provide additional leave options such as paid wedding leave and paternity leave, to attract and retain quality talents.

Furnishing a Friendly Work Environment

We care about the occupational health of our employees. Our subsidiaries undertake improvement of the work environment at appropriate time according to the specialties of the workplaces. Moreover, we strictly require our staff to be well-equipped to protect themselves while working in high-risk area and stringently follow the relevant safety procedures during operation, so as to safeguard our staff’s occupational safety.

Concerning for Employees’ Balanced Lives

COSCO Shipping International is concerned with the balanced lives of employees between work and families. In addition to arranging for the annual free medical check-ups, staff and their family members are encouraged to participate in corporate activities such as various recreational and sport activities, health talks and interest classes, etc. to enhance employee’s sense of belonging to the enterprise and the work morale, as well as to enhance the quality of their family life, so as to achieve “work and life balance”.

Developing a Learning Enterprise

To encourage employees to keep abreast of the changing world and pursue continuing education, COSCO SHIPPING International sets up annual training objectives and designs various types of training programs, as well as extends our training to various specific areas, and encourages and subsidises our employees to participate in individual continuing education programs which are related to their job duties.

In order to enable new staff to comprehend the company policy and corporate culture as soon as possible, we provide basic orientation training for all the new staff. Meanwhile, we innovatively combine practices into induction trainings and arrange new employees to have mentor of relevant department.

In 2017, the total number of training hours received by all employees was 15,599 hours.

Cultivating a Culture of Integrity

We consider the principles of honesty, integrity and fairness as the key elements of sustainable development of an enterprise. COSCO SHIPPING International formulated the Staff Code of Conduct in 2007, which serves as a clear and complete guideline to monitor the code of conduct of the employees of the Company and its subsidiaries during daily operations.

Besides, COSCO SHIPPING International promotes corruption-free business and has from time to time arranged different levels of staff, ranging from top management to front-line staff, to participate in a series of business ethics seminars conducted by the Company and/or COSCO SHIPPING (Hong Kong).

In 2017, there was no legal case regarding corrupt practices brought against COSCO SHIPPING International or our employees.