Mr. Vachira Chatbhuti, First Senior Vice President - Human Resources of Frasers Property (Thailand) Public Company Limited at the HR Asia’s awards ceremony with its ‘Best Companies to Work for in Asia 2023’ and ‘Most Caring Company Awards 2023’ wins
BANGKOK, 25 SEPTEMBER 2023
Frasers Property (Thailand) Public Company Limited (“FPT”), Thailand’s leading integrated real estate platform, has, for the first time, earned a place on the coveted ‘Best Companies to Work for in Asia 2023’ and ‘Most Caring Company Awards 2023’ list by HR Asia, the region’s top publication for HR professionals. These awards recognise companies with exemplary HR practices driving high levels of employee engagement and workplace culture across Asia. In recognition of employees being a critical stakeholder group who are critical for driving organisation success, Frasers Property Thailand has prioritised and invested in better human resource management and practices, which includes talent management, learning and training, highlighting new roles available, and safeguarding human rights, and boosting employee capabilities.
To deliver ‘Inspiring experiences, creating places for good’ which is the company’s purpose, FPT has amplified and enabled its core values – collaborative, respectful, and progressive, and real – to shape the company’s actions and drive transformative change. These values enable Frasers Property Thailand to deliver exceptional customer experiences, improve quality of life, and build a resilient and future-ready business. The company is committed to diversity, equity, and inclusion (DEI), as reflected in our revamped leave policy which sets an important benchmark for our region.”
FPT's commitment to employee well-being is driven from the top. The revised leave and benefits policy, which offers increased flexibility and options, tailored to accommodate various life stages, life events and individualities, is an effective way to boost employee satisfaction, improve performance, attract top talent, and drive the organisation's sustainability and innovation efforts.
A key improvement introduced in the last year is FPT’s leadership programme with the “Reconnect”, “Rethink”, and “Restart” framework. It has substantially strengthened individual and team relationships and employees are actively encouraged to collaborate and generate new ideas for fellow colleagues and customers. To better update and align employees on the company’s priorities and ongoing business updates, regular and transparent internal communications have also been crucial and appreciated.
The transformative journey undertaken by FPT is guided by our ‘8 Happy Workplace Concepts’, which focus on creating sustainable happiness in the workplace. The company’s commitment to employee communication and engagement is evident in our annual employee engagement survey, with an increase from 62% in 2021 to an encouraging 73% engagement rate in 2022. These results inspire FPT to continually enhance employee engagement and development company-wide.
To better elevate the overall employee journey from recruitment and retention to departure, FPT has mapped six HR touchpoints requiring further evolution and progress holistic requiring a holistic focus comprehensive employee also taking the lead in elevating the entire employee journey, from the initial attraction stage through to the separation phase:
- ATTRACTION: Potential candidates are attracted by FPT’s strong brand reputation – encompassing a compelling career site, engaging job advertisements, welcoming open house events, and informative site visits.
- RECRUITMENT: Competitive compensation and a comprehensive employee benefits package is offered to attract and retain top talent.
- ONBOARDING: FPT transforms the traditional orientation programme into a more engaging onboarding experience, capitalising on the initial stages of employment to encourage better connections among employees.
- DEVELOPMENT: A range of employee development opportunities are provided through dedicated leadership development and talent development programmes.
- RETENTION: FPT continues to implement the “8 Happy Workplace Concepts” to boost employee satisfaction and retention.
- SEPARATION: Insights and data are gathered from exit interviews to design HR tools aimed at improving overall employee engagement.
The coveted ‘HR Asia Best Companies to Work for in Asia 2023’ award is based on the participation of employees in HR Asia’s proprietary Total Engagement Assessment Model – ranking their own employers based on metrics including workplace happiness, team cohesion, employee advocacy and continued job motivation. The top 50 companies then qualify to be placed on the ‘HR Asia Best Companies to work for in Asia 2023’ list for the Thai market.
