How clover creates value and reporting on the six capitals
- How Clover creates value today
- Overview of Clover’s value creation process
- Reporting on the six capitals
- Clover’s business model
- Human capital
- Natural capital
- Manufactured capital
- Intellectual capital
- Social and relationship capital
- Financial capital
- How Clover sustains value for Tomorrow
- Clover’s future value creation philosophy
- Human capital
- Natural capital
- Manufactured capital
- Intellectual capital
- Social and relationship capital
- Combined Assurance
Human Capital
How Clover sustains value for tomorrow: Human Capital
Strategic Focus Areas:
- Optimise the performance culture in the business
- Develop and grow all employees
- Design the employee experience for engagement, productivity and growth
- Create a competent and diverse workforce
- Establish a pleasant, healthy and motivating work climate.
Summary as at 30 June 2017 – All SA Companies
| AFFIRMATIVE ACTION MEASURES AND OBJECTIVES Improve representation as follows: | Achieved 30 June 2016 % | Achieved 30 June 2017 % | 2017/2018 Objectives % |
| Black people on F Band | 14,29 | 16,67 | 16,67 |
| Black people on E Band | 12,5 | 0,00 | 16,67 |
| Black women on E Band | 6,25 | 0,00 | 5,56 |
| Black people on C5 – D5 Band | 25,78 | 28,40 | 28,09 |
| Black women on C5 – D5 Band | 7,88 | 9,15 | 8,96 |
| Black people on C1 – C4 Band | 60,98 | 64,91 | 63,23 |
| Black women on C1 – C4 Band | 16,07 | 20,17 | 16,72 |
| Black people on B Band | 95,45 | 94,56 | 93,78 |
| Black women on B Band | 23,73 | 24,10 | 22,39 |
| Black people on A Band | 98,66 | 98,55 | 99,06 |
| Black women on A Band | 9,98 | 9,90 | 9,35 |
| Disabled people | 0,57 | 0,59 | 0,57 |
| *The reason for some of the objectives being slightly lower than those achieved are due to more employment opportunities that became available than what was anticipated at the time of the preparation of the company’s employment equity plan (e.g. The recent growth in Masakhane) | |||
| Strategic Objectives | Planned actions |
| Legislative compliance | Modify systems/procedures to ensure compliance with POPI legislation |
| Attraction and retention | Implement specific initiatives to retain top talent. Introduce more focused attention on salary benchmarking |
| Change of labour landscape | Implement strategy for managing multi-union scenario. Implement plan to enhance union relationships and mitigate business risk |
| Productivity improvement | Provide analytics to improve business decisions. Address the issue of absenteeism management |
| Alignment of employees | Strengthen reporting capability to improve performance management process. Improve overall communication with personnel at all levels |
| Learning and development | Implement learning management system. Formalise approach to trainees, interns and bursary allocations. Develop specific leadership, management and technical skills |
| Workforce planning | Implement onboarding, recruitment, talent and succession planning system. Identify suitable assessment tools for selection purposes. Assist Distribution with right-sizing. Assist the business to bed down all HR aspects of Masekhane |
| Employment equity | Implement Employment Equity plan and reach numerical targets |
| Innovation and technology | Investigate options to communicate with employees who don’t have email access |
| Mergers and acquisitions | Assist business with smooth transition of personnel as and when required |






