Page 76 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

7.5 Information about employees

Employee’s Remuneration and Number of employees

The total number of employees of the company as at Dec 31 2022 and 2021
comprises 884 and 754 persons respectively, the company has paid remuneration to its
employees as at Dec 31 2022 and 2021 was 324 and 305 MB. The remuneration included
salary, overtime, variable bonus, allowance, social security and provident fund.

2022 2021 2020
Management Employee (person) 37 33 33
Supervisory Employee (person) 218 128 135
Operational Employee (person) 492 444 449
Employee Headquarter (person) 137 149 150

Total (person) 884 754 767
Employee’s Remuneration (MB) 324 305 276

During the past 3 years, the Company has no significant increase or decrease in
employee’s number and has not received any significant labor disputes.

The provident fund of the company has been in effect since August 1, 2003.
Pursuant to the provident fund arrangements, the employees contribute 3% of their monthly
compensation to the fund while the company makes a corresponding contribution of 5% of
such employee’s total monthly compensation.

The company relatively allocates 3% to employees who have been employed for
less than 5 years, and 5% to employees who have worked for 5 years.

Employee Development Policy

The company realizes the importance of its staff as they are considered valuable
assets which play a major role in the success and growth of the company. Therefore, the
company has a policy to develop the efficiency, knowledge and skill of its staff at all levels
by having well-organized annual programs both at in and out of office. Training programs
are designed to enrich staff knowledge, skills and develop good work attitude, to promote
the development of staff functions, reserve management and professional personnel at all
levels. But also encourage colleagues to learn, to enhance the quality of human resources,
development of competition Force of human resources.

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