MILLIRE_2019_Annual Report

Milli Re Annual Report 2019 23 Activities and Major Developments Related to Activities Financial Status Risks and Assessment of the Governing Body Unconsolidated Financial Statements Together with Independent Auditors’ Report Thereon Consolidated Financial Statements Together with Independent Auditors’ Report Thereon General Information Financial Rights Provided to the Members of the Governing Body and Senior Executives Research & Development Activities Human Resources Profile Female                          95 Male                         120 Employee Profile Senior Manager        5 Manager                        32 Officers                        135 Contract Employees     6 Other              37 Educational Profile Post Graduates 32 Graduates 128 High School 35 Other 20 HUMAN RESOURCES APPLICATIONS In recognition of the fact that its staff is one of the main contributors in its achievements, Milli Re has highly qualified employees, devoted to their work and the Company, open to continuous learning and development. Fundamental principles of the Human Resources policies of the Company are recruiting suitable candidates with qualifications suitable for vacant positions, providing a business environment that enables the staff to work efficiently, productively and happily; protecting and observing financial and moral rights of employees, as well as fair and equal opportunities of development and training in view of personal skills, facilitating the staff to foster social relationships for motivation and efficient execution of all processes. At year-end 2019, Milli Re has 215 employees including Singapore Branch. Application Job applications, which are made via personel@millire.com from our corporate website and by other communication means, are stored in the candidate pool of our Company. Applications are examined when required, and candidates who are considered suitable for the positions are contacted. Recruitment Milli Re recruits candidates in view of qualifications required for the relevant position and applicant’s ability to adapt to the corporate culture. Performance Management Performance appraisals of our employees are conducted on an annual basis in accordance with the Performance Appraisal System Guidelines and career planning and training needs are determined based on the results of the appraisals. Training Training requirements identified according to the Performance Appraisal results are used to design a training program, and employees are given the opportunity to receive technical and personal development trainings in Turkey or abroad as required by their positions. Career Since its establishment, Milli Re has the policy of investing in its work force and recruiting internally for managerial positions. Promotions are made in line with the Personnel Regulation and the principles set forth in the Collective Bargaining Agreement, signed with the Workers’ Trade Union, in view of Performance Appraisals. Compensation Policy Salaries of our employees are determined in accordance with the terms of the Collective Bargaining Agreement within the context of related regulations. Occupational Health and Safety Obligations under Law No. 6331 on Occupational Health and Safety are fulfilled by the Personnel and Administrative Affairs Department.