People Management and Development Policy A management approach that strengthens both the organization and its people is a key mechanism for enhancing GC’s competitiveness as well as its ability to operate its business effectively and accommodate domestic and international investment expansion, enabling the Company to grow sustainably and attain its aspiration “To be a Leading Global Chemical Company for Better Living.” GC strives to foster the organization’s and its people’ readiness to meet future business needs and achieve outcomes as planned. To this end, GC has developed human resource strategies to keep its human resource management consistent with its strategic directions and business goals so as to ensure effectiveness and efficiency. The three core focuses are: organization, people, and culture, and the actions taken are as follows: 1. People GC strives to enhance the efficiency of employees as well as their competitiveness for business today and in the future in order to bolster their productivity for the company. Key activities in 2023 can be summarized as follows. 1.1 Manpower Plan Strategy 1.1.1 GC improved its work processes, focusing on end-to-end lean process improvement through the FiT project to enhance process efficiency, productivity, and agility, all of which contribute to efficient manpower optimization. The expected results of the FiT project are: Efficient work process managements and operating models Organization-wide data connectivity and greater data analysis efficiency Employees Accurate, fast, and efficient decision-making process Skilled and knowledgeable employees with the ability to keep pace with changes. 1.1.2 GC adopted digital technology as a strategic driver of digitalization across various projects to reap added values in pursuit of 4 Smart Goals: (1) Smart Plant, (2) Smart Sales & Marketing, (3) Smart Work Process, and (4) Smart Workplace. GC also initiated technology transformation to improve and modernize its infrastructure in support of its business units in conjunction with continuous people transformation, which refers to the development of skills and abilities and a digital technology culture. 1.1.3 GC conducted manpower planning and established an appropriate manpower framework. To this end, GC carried out Strategic Workforce Planning (SWP) to determine the suitable manpower for each unit, making it possible to plan recruitment and development of skills and competencies among employees within an appropriate timeframe in line with GC’s business di rect ion and goals, thus enhancing the organization’s competitiveness. In addition, GC planned and controlled its manpower ratio by reviewing the recruitment of new hires to replace resigned and retired employees to ensure suitability and adequacy for GC’s business continuity and alignment with GC’s situation, visions, and strategies in ant icipat ion of digitalization for the maximum benefit of the company’s business operations. Efficiency Productivity Agility “FiT” Increase “FiT” 165 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2023
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