Ensuring decent working conditions
We use a large-scale social support system that meets employee’' interests, promotes their retention, and ensures comfortable working conditions. GRI 3-3
In addition to its social package, all guarantees and benefits provided by the Labor Code of the Republic of Kazakhstan are provided in the Fund and portfolio companies 35. We provide employees with a guaranteed social package, which includes the following types of social benefits and compensation:
- financial assistance for recovery before work leave;
- payments in connection with pregnancy and childbirth;
- monthly payments to employees on parental leave until the child reaches the age of 1.5 years;
- provide assistance in resolving housing issues;
- compensation upon termination of an employment contract in accordance with current legislation;
- a one-time payment in connection with the death of an employee for the organization of a funeral, a one-time payment to the family of an employee who died as a result of an accident at work. GRI 401-2
Return rate and retention rate, %
As one of the measures to support employees, our expenses for health improvement and education in 2023 amounted to KZT 25 billion, compared to KZT 20.8 billion in 2022.
We provide voluntary health insurance to support the health of employees. GRI 401-2
In addition to the basic social package, historically developed types of social support for employees are provided. GRI 401-2 Social assistance of this kind is enshrined in collective agreements or regulated in the requirements of regulatory documents of an individual enterprise36 GRI 2-30. Crisis periods in the economy do not affect the payment of these benefits.
In 2023, the salaries of about 243 thousand Fund Group employees were increased from 2% to 33%, with an emphasis on low-paid positions.
