Novatek common core competencies

Excellent talents are the key driving force for Novatek’s continuous innovation. Apart from dynamically recruiting outstanding external talents, Novatek also continuously cultivates its internal talents to meet organizational development’s demand for outstanding professionals. To carry out talent development that is in line with the business philosophy of Novatek, and cultivate talents who can realize the corporate mission of "breaking new horizons with technology and creating new value with innovation", the common core competencies of Novatek were identified by internal and external experts, which include six competencies: collaboration, problem analysis and solving, innovation, adaptability, proactiveness and continuous learning. Competency development is then carried out through Novatek's talent development blueprint and training system, hoping that employees can keep pace with the Company's growth and accumulate sustainable development momentum.

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Talent pipeline development blueprint

The new employees of Novatek will receive common regulations, technical procedures, professional training and other compulsory courses since their first day of work. Each new employee will be assigned a mentor to provide work guidance and help him/her familiarize with the organizational culture, working environment, etc. After the new employee passes the probation-period evaluation, the corresponding supervisor will assign work and set the performance evaluation plan according to each individual’s conditions as well as the needs of the team, and provide on-job-training as well as off-job-training to help the employee achieve annual performance goals and career development. Through the annual performance evaluation and personal development plan, Novatek evaluates the development potential of employees and their suitability for higher professional or management positions. Subsequently, the Company will provide learning resources corresponding to the cultivation of talents at all levels, laying the foundation for the potential talents required for the sustainable development of the organization.

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Training plan in line with the Company and personal development

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Leadership development

To cultivate and develop supervisors and potential leaders at all levels, Novatek has launched various learning and development courses for management at all levels through the Academy of Leadership Management based on leadership competencies, including organizational strategy leadership for middle and senior management, and team leadership learning courses for supervisors. In 2023, a total of 23 leadership development courses were launched, with a total of 82 training hours and 780 participants.

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Quality and quantity-based learning development results

Through a diverse and friendly learning experience, Novatek provided a total of 530 diverse in-person and online courses in 2023, with a total of 65,053 employee enrollments. The average training hours per employee was 34.4 hours (including e-learning), up 5% from the previous year. Based on the competencies, a series of professional training courses were planned to not only enrich employees' professional knowledge and skills but also to achieve the goals and tasks assigned by the Company. This also helped employees to explore and develop themselves, accept challenges, strengthen their professional skills, and enhance their competitiveness.

Average training hours of employees in 2023

 

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Comprehensive performance management system

To review the status of employee development within the Company, as well las their performance and achievements at work, Novatek implements an employee performance management system. Every employee is required to participate in performance evaluation for the current year, regardless of their gender, age, and job category.

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Complete promotion system

Through a planned education and training as well as performance evaluation process, suitable targets for promotion are identified. To enable talented people to achieve better career development within the Company and to assume more important responsibilities, Novatek has formulated the “Regulations for Occupation Level, Position and Title”, and the “Regulations for Promotion”. Based on employees’ performance, achievements and years of experience, submissions can be made by department heads. After they have received the approval of the President, promotions are made. Besides increase of salary, employees who have been approved for promotion will also be given promotion gifts to encourage their efforts and contributions to the Company. In addition, those outstanding personnel who demonstrate excellent work performance and management capabilities, based on the Company’s organizational and management needs, shall be granted management positions, thus enabling all employees to adapt their talents to the Company’s needs.

Talent Cultivation and Development Spotlight
Talent Cultivation and Development Spotlight

Quality and quantity-based learning development results

Through a diverse and friendly learning experience, Novatek provided a total of 530 diverse in-person and online courses in 2023, with a total of 65,053 employee enrollments. The average training hours per employee was 34.4 hours (including e-learning), up 5% from the previous year. Based on the competencies, a series of professional training courses were planned to not only enrich employees' professional knowledge and skills but also to achieve the goals and tasks assigned by the Company. This also helped employees to explore and develop themselves, accept challenges, strengthen their professional skills, and enhance their competitiveness.