Page 71 - KWAP_Integrated-Report_2023
P. 71

ENRICHING PERFORMANCE AND COMMITMENTS  ENRICHING ACCOUNTABILITY AND INTEGRITY  ENRICHING RESILIENCE AND SUSTAINABLE GROWTH  OTHER INFORMATION









         KWAP Young talent (KYt) 3.0 Programme              Succession Planning
         The KYT Programme is a management trainee programme   Succession planning is integral to ensuring the continuity,
         by KWAP, established in 2014. This programme provides   sustainability and effective governance of KWAP’s
         career  enhancements  and  learning  opportunities  through   leadership pipeline. These strategies are systematically
         various interventions to increase our young talent’s   integrated into KWAP and its subsidiaries. In the event
         competencies  as  well  as  business  and  leadership   of critical positions becoming vacant within KWAP or its
         savviness, in preparing them towards becoming the future   subsidiaries, the succession plan is promptly activated
         experts and leaders in KWAP.                       to deploy suitable and prepared successors, ensuring
                                                            seamless transitions and uninterrupted operations.
         During the year, KWAP welcomed 13 young talents from
         both local and international universities into the KWAP   Our succession planning involves:
         Young Talent 3.0 Programme. To foster their growth
         and development, these individuals will undergo a   1.  Discussion and nomination of successors amongst the
         comprehensive one-month hybrid (virtual and in-person)   C-Suites’ and Heads of Departments;
         training programme before integrating into their respective   2.  Identification of candidates based on criteria;
         departments. We anticipate that our young talents will
         infuse KWAP with fresh perspectives, diverse backgrounds   3.  Identification of potential successors with short-term
         and a digital mindset, aligning with our vision for the future   (one to two years) or medium-term (three to five years)
         of work. With this latest cohort, KWAP had successfully   readiness to fulfil the expectations of critical positions;
         onboarded a total of 141 young talents since the inception   and
         of the programme in 2014.                          4.  Formalisation  of  the  identification  of  successors  for

                                                                critical positions in KWAP through Human Resource
                                                                Committee’s approval.

                                                            92.6% of our critical positions have at least one identified
                                                            successor with short-term or medium-term readiness.




























         KWAP’s Young Talent 3.0 employees.
                                                                                                         69
   66   67   68   69   70   71   72   73   74   75   76