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Masan High-Tech Materials an enterprise for employees

Masan High-Tech Materials an enterprise for employees

Friday, May 10, 2024, 08:00 GMT+7
Masan High-Tech Materials an enterprise for employees
Workers in Thai Nguyen Province account for over 60 percent of the total number of employees at Masan High-Tech Materials. Photo: Supplied

Masan High-Tech Materials (MHT), a subsidiary of the Masan Group, has always been committed to putting people at the center of its development over the past 14 years.

It is a leading supplier and manufacturer of advanced materials with over 22,000 employees.

In 2023, MHT was recognized as an “Enterprise for Employees” and became the first Vietnamese manufacturing company to be honored as a “Great Place to Work”.

People-centered development

At MHT, every employee is valued, encouraged to express themselves and given the opportunity to achieve their goals and obtain the best work results, enabling them to explore their potential and maximize their abilities.

The company invests especially in talent attraction and development activities at all levels.

“Our people-first strategy and substantial investment in human capital have contributed to the company's growth while ensuring strong R&D resources to deliver the best products to customers around the world”, said Craig Bradshaw, CEO of the company.

In 2023, the company organized hundreds of training courses with a total of 42,230 training hours, attracting 21,710 participants.

In addition to professional skills, training courses also focused on developing soft skills, improving employees' ability to communicate and collaborate, thereby contributing to increased work efficiency.

The company also offered a clear career path to competent employees in recognition of their valuable contribution to the company's growth. 

In addition, sharing sessions and short meetings are regularly held across departments to discuss day-to-day work, learn from mistakes, and share lessons learned.

From there, many initiatives and improvements were successfully applied, contributing to process optimization, performance enhancement, safe working environment, waste minimization and cost reduction.

Cultivating long-term cohesion through strong corporate culture 

The enterprise’s management focuses on more than just career development and work performance. They also listen to employee opinions to continually develop policies as well as strengthen the company's remuneration and compensation policies.

In 2023, a number of employee benefit programs were introduced, including the Area Bonus Program, the Professional Skills Bonus Program, or newly issued or reiterated policies such as travel allowances, meal and housing allowances.

The management also demonstrated unwavering commitment to supporting employees by offering flexible working hours, comprehensive health check-ups, regular travel programs and sports activities such as yoga and running.

The employee seniority indicator clearly testifies the success of its benefits strategy. By 2023, up to 40.3 percent of employees have been working for more than 10 years. 

“At MHT, we believe that employees are more than just part of the organizational structure; they are also important partners who contribute to the overall success of the company.

“Once an employee feels valued and is given the opportunity to evolve, they are more dedicated and will contribute better at work,” said Bradshaw.

Community development

Instead of concentrating only on business and manufacturing, MHT is deeply committed to sustainable development and social responsibility. Its goal is to create a prosperous and civilized community.

Each year, Nui Phao Mining contributes over VND1,000 billion (US$39.1 million) to the state budget and $1 million to socio-economic and cultural development activities in Thai Nguyen Province, while creating employment for thousands of local workers.

Masan High-Tech Materials supports the development of the community. Photo: Supplied
Masan High-Tech Materials supports the development of the community. Photo: Supplied

The company aims to develop future talent by offering scholarship programs in partnership with universities, educational associations and institutions.

For over 10 years, it has awarded scholarships to more than 2,500 students with a total value of over VND4 billion ($157,000). 

Thanks to these efforts, with over 1,000 employees responding to the Great Place to Work survey, 90 percent said that MHT is a reliable place to work; 92 percent want to work here for the long term and are proud to tell others that they work here.

Some 91 percent vote for a good working environment and well-being policies, while 91 percent express that management is qualified to operate the company and inspires employees. 

In 2023, the company was awarded “Enterprise for Employees” certificate of merit by the Vietnam Labor General Confederation and recognized as “Cultural Standard Enterprise for the period 2022 -23” by the Thai Nguyen Labor Confederation.

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