PTT Public Company Limited
Annual Report 2011
Other Compensation PTT has instituted employee welfare and other compensation apart from salary, bonus, and provident fund contribution for management and all employees in keeping with economic conditions, cost of living and other standards for peer companies, such as housing allowance, upcountry allowance, and overtime payment. In 2005 and 2006, PTT approved two tranches of 60 million units of warrants for the President, the management,
PTT to boost motivation and at the same time reward the management and employees for their total and consistent dedication. This incentive was designed to create a sense of ownership and encourage participation in the management "&& business operations. Details were reported under “PTT’s Warrants�.
ǰ ǰ ĝǰ*NQMFNFOUJOHǰ-FBSOJOHǰ0SHBOJ[BUJPOǰ.FDIBOJTNǰGPSǰ ǰ ǰ ǰ 4VTUBJOBCMFǰ0SHBOJ[BUJPO PTT evolved its knowledge management system for essential, relevant information while encouraging the management and all to do the same and update this regularly. It made this system available to all to facilitate learning and
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Q own development of their potential, since this is a cornerstone to a high-performance organization, that is “To become a Learning Organization, we rely on human intelligence. Learning is an ongoing, lifelong process�. PTT provided training and development programs to its management and employees from their recruitment to retirement to enable them and enhance their competence toward corporate directions and needs.
ǰ ǰ ĝǰ#VJMEJOHǰ$PNQFUFOUǰBOEǰ3JHIUFPVTǰ.FNCFSTǰPGǰ155ǰ and Society Besides a human resource management system focusing on making employees both smart and responsive to the Human Resource System Development and Improvement Company’s expectations, PTT valued its role of turning out To become a high-performance organization, PTT has conscientious people ready to participate in Corporate Social improved the process and mechanism for human resource Responsibility (CSR) while observing corporate governance ’ principles. PTT is convinced that achievement of competence potential of its employees. PTT employees are able to fully and righteousness will foster steady and sustainable growth demonstrate their competence, advance in their career, and for itself. continue to grow with PTT. The elements of PTT’s success included: