Diversity and Equal Opportunities
Qatar Steel has taken measures to promote inclusivity, fairness, and non-discrimination in the workplace. We value and embrace diversity providing equal opportunities for all employees and cultivating a sense of belonging. We strive to ensure that no one faces unequal burdens or is denied benefits based on any factor, treating individuals fairly, according to their individual merit. Furthermore, we have implemented systems to prevent any form of harassment, fostering a safe and respectful work environment for all.
Qatar Steel’s workforce is a diverse mix of 25 nationalities from around the world, excluding Qatari nationals. Equal Employment Opportunities (EEO) form an essential part of our culture. We have established strong governance systems based on principles of fairness and mutual respect, which are evident in various policies related to Grievances, Appeals, and Ethics. These principles permeate throughout the entire employment journey, starting from pre-boarding, on-boarding, and even offboarding processes. Our ambition to foster human capital development translates into creating a work environment that promotes diversity and balance. In order to accomplish this, we have planned specific actions. These include the establishment of internship programs tailored for female fresh graduates, particularly those in STEM fields. Additionally, we actively participate in university job fairs to attract women who possess the necessary educational backgrounds for positions within our organisation, specifically in the field of Quality and Safety (QS).
While acknowledging the challenging nature of this target given the industrial sector in which we operate, we remain committed to our goals. In pursuit of our objectives for 2022, we made significant progress by hiring three female employees, representing nearly 3% of our new hires. Although we acknowledge that there is still a long way to go, we are dedicated to fostering diversity and inclusion within our workforce.
REMUNERATION PROCESS AND FAIR WAGES
Ensuring non-discrimination and equal treatment is crucial, and a fundamental aspect of this is reflected in providing equal wages. At Qatar Steel, we are fully committed to upholding fair wages for all our employees, with a particular emphasis on eliminating any gender disparities. We firmly believe that compensation should be based on merit and job responsibilities, rather than any other factors.
In order to ensure this, we have developed a remuneration structure for our senior executives that encompasses several components, including fixed pay and variable pay, bonus and annual increment, termination payments, and end-of-service benefits. Additionally, senior executives may be eligible for acting allowances in certain circumstances. In particular, bonuses and annual merit increments for all employees are determined based on individual performance results, company’s financial results and annual guidelines received from
our parent organisation.
To ensure alignment with inflation and adaptation to social and economic changes, the impact and effectiveness of our policy is evaluated every three years. This periodic assessment allows us to gauge the relevance and efficacy of our strategies in light of evolving circumstances.