Risk Factors
However, the World’s economic crisis had delayed the
• The Company’s Human Resources Department is very
an annual World Sales Meeting for high executives of
Company’s business objective. The Company had held
the PRANDA group of companies to review the group of companies’ business direction and strategy in order to
be in accordance with the World’s economic situation and direction of each country’s market. In addition, the Financial
Committee’s meetings were held at least every quarter to
report the PRANDA group of companies’ operating results,
efficient with its nomination procedures to find persons
knowledge development through On the Job Training
suitable with the positions, its providing continuous and
theoretical
Development
training
Center,
from
including
Human its
Resources
performance
evaluation of staff and executives with the Key Performance Indicators (KPI).
to improve business plan, and to assure that the group of
• The Company maintains the personnel who is important
In 2010, the Company had adjusted its management
companies’ operating results will achieve the targeted plan.
structure to be in accordance with the strategic plan which is effective in 2011. The restructuring can provide the systematic investment evaluation and in due time problem
solving with the ever changing economic situation. The
to the Company with appropriate remuneration system
room, fitness room, library, and Nursery, as well as the
in the forms of income and accommodation, food, nursing return provided in the form of warrant through ESOP (details appeared in the remark of financial statement.)
restructuring is aimed to decrease the risk of group of
• The Company’s training of new personnel to enter the
companies and increase return from the investment. 2. Operational Risk
gem and jewelry industry by allocating the Company’s
joining with the Golden Jubilee Royal Goldsmith’s
Risk from Shortage of Human Resources Amidst the dramatic competition from China and India,
budget and resources to support skilled workers by
College Major gem and jewelry, which has been in cooperation for 11 consecutive years.
Thailand has to improve is competitiveness by producing
• The Company and its staff have jointly established the
personnel to work on high quality work. This leads to the
high quality products while there is a limitation of the
shortage of personnel with potential design, manufacturing, and creation of new innovation. In addition, it takes quite a long time to develop new personnel to manufacture products with quality suitable for the competition in the
provident fund following the Provident Fund Act B.E.
to provide financial stability to the staff upon their leave
2530, under the management of Thai Military Bank Pcl. or
retirement,
and
to
promote
good
relationship and work motivation among staff.
corporate
World’s markets.
• The Company’s establishment of saving cooperative to
Moreover, there are very few expertise and experienced
executives in gem and jewelry business with international standard
when
the
gem
and
jewelry
industry
continuously been the main export of Thailand.
has
However, the Company has a policy of human resources risk prevention as follows:
provide financial support to the staff of the group of
corporate culture with its staff such as environment
companies. The Company also jointly creates good
conservation project, debt reduction project, travelling
cost reduction project, good health encouragement project,
innovation
creativity
promotion
project,
knowledge development project, and the Company has
composed the “Core of PRANDA” song to encourage love and harmony among the staff.
Annual Report 2010 : Pranda Jewelry Public Company Limited |
79