LIFE@WORK Awards 2016 recognise corporate Malaysia's progress in championing flexible work arrangements in the workforce

Release of diversity composition of top 100 PLCs and TalentCorp’s FWA report however show room for improvement
KUALA LUMPUR, 24 October 2016 – Maybank, Digi, Intel, Johnson & Johnson, Gamuda, TM and IBM emerged winners of the LIFE@WORK Awards 2016. Previously known as the Life at Work Awards and now in its fourth year, LIFE@WORK 2016 is organised by Talent Corporation Malaysia (TalentCorp) to recognise Corporate Malaysia’s commitment to champion Flexible Work Arrangements (FWA) as a business strategy to maximise productivity and performance. 

LIFE@WORK 2016 honours employers with innovative workplace strategies that enable their employees to better integrate their work-life commitments in response to evolving global trends and changing workforce demographics. In addition to the seven winners, two other companies – Sunway Group and Starbucks Berjaya Coffee Company – received Special Mention at the ceremony. 

In presenting the winning employers with their awards today, Minister in the Prime Minister’s Department YB Datuk Rahman Dahlan said, “In today's hyper-connected world, we have various external factors – including globalisation, rapidly evolving technology, and the changing face of the modern workforce – which not just shape the way businesses are conducted, but also determine how work gets done.  The LIFE@WORK 2016 showcases the commitment of Malaysian employers in helping Malaysia move closer to its high-income status whilst creating an environment that maximises the potential of all employees.” 

While Corporate Malaysia is making good progress in achieving Diversity and Inclusion (D&I) in the workforce, greater effort is needed to enhance diversity at the board and top management levels. YB Datuk Abdul Rahman disclosed that TalentCorp’s analysis of the FY2015 annual returns of the top 100 public listed companies (PLCs), representing 82 percent of market capitalisation, indicate a substantial improvement in the number of women in top management positions in the top 100 PLCs:

  • Women held 28 percent of top management positions, compared to 24 percent in 2013
  • Three sectors have succeeded in exceeding the 30 percent target of women in decision-making positions: Consumer Products, Property, and Financial Services sectors 

While this a significant progress, there is still room for improvement as TalentCorp’s analysis also found that:

  • 26 percent of the top 100 PLCs have no women representation on board
  • 14 percent have no women representation in the top management

Meanwhile, in terms of age composition of the board and top management of the top 100 PLCs, it was found that:

  • 31 percent of the top 100 PLCs have no board members under the age of 50
  • 10 percent have no top management under the age of 50

To help Malaysian employers increase the diversity of their talent pool, YB Datuk Rahman launched a report by TalentCorp entitled MY Work, MY Future: Embracing the winning formula for Flexible Work Arrangements. Based on TalentCorp’s work with leading employers since 2013, the publication gives five winning formulas to meet the needs of the future workforce through FWA. 

“Studies have proven that organisations that implement FWAs have higher employee engagement and improved business productivity, as demonstrated by this year’s LIFE@WORK winners who have pioneered innovative policies and practices to better attract and retain talent especially women. It is also inspiring to see more of our employers introducing workplace strategies which go beyond gender and demonstrate a growing motivation to involve other under-represented groups like Persons with Disabilities and the Differently-Abled in our nation’s economic growth,” said Shareen Shariza Dato’ Abdul Ghani, chief executive officer of TalentCorp.

The LIFE@WORK Awards 2016 winners are as follows:

 

AWARD WINNER
Platinum Winner

Maybank Group

Best Malaysian Organisation

Digi Telecommunications

Best International Organisation

Intel Malaysia

Best Lean Organisation

Johnson & Johnson

Best Initiative

Gamuda Berhad

Telekom Malaysia Berhad

CEO Champion

Ms Chong Chye Neo, Managing Director, IBM Malaysia

Special Mention

Sunway Group for Sustainable Practices

Berjaya Starbucks Coffee Company for Innovative Practices



Maybank Group

Introduced in 2013, LIFE@WORK was enhanced in 2016 to recognise employers who champion FWA and other work-life integration practices to enhance D&I in the workforce. Award winners and participating employers now represent a network of LIFE@WORK organisations and carry the LIFE@WORK brandmark.

To view the entire LIFE@WORK 2016 winners and honourees, visit http://lifeatwork.my

To read the publications mentioned in this press release, visit TalentCorp’s Media Centre at www.talentcorp.com.my

Diversity in the Workforce Survey 2013 (TalentCorp-PwC, 2013)

MY Work, My Future: Embracing the winning formula for Flexible Work Arrangements (TalentCorp, 2015)