Oman Cables Industry (OCI), the leading manufacturer of energy cables and innovative service provider in Oman, part of Prysmian Group, has rolled out, again this year, its successful profit-sharing initiative for 2023.

 

The initiative was first introduced in 2022 and was embraced by OCI’s workforce thanks to Prysmian Group support. The continuation of the programme highlights the relevance of OCI within Prysmian Group and OCI's ongoing commitment to recognising its employees’ dedication, while encouraging a proactive part in the company's success. 

 

Fabrizio Rutschmann, Prysmian Group Chief HR Officer, commented: “We firmly believe that when employees become shareholders, their level of engagement is higher as they feel more part of their company mission. Looking ahead, this is one way to get more motivated employees which is fundamental to achieve more ambitious results. Moreover, the best companies work to generate value4all: shareholders, employees and stakeholders, like the local communities in which we operate. Through these programmes we aim to generate more value and share it also with our people.”

 

Sense of ownership

Under the leadership of OCI's CEO, Cinzia Farisè, this rewarding programme works by aligning the goals of employees with the success of the company, encouraging a sense of ownership, motivation and teamwork. Eligible employees will receive a portion of the company's profits based on predetermined criteria.

 

Farisè said: "Building on the successful and positive feedback we received from last year’s profit-sharing programme, and with the endorsement of OCI's board, we are delighted to relaunch this fulfilling initiative. The programme aligns with our company's good performance while recognising and rewarding the individual achievements of our dedicated workforce. The reward system is designed to incentivise employees to reach annual targets, which helps to ensure both the company's growth and individual development. This initiative also aligns with the Environmental, Social, and Governance (ESG) approach, reflecting OCI's commitment to retaining and empowering its workforce.”

 

OCI's profit-sharing initiative caters to its diverse workforce and rewards employees across various roles, including those working in desk and non-desk roles. This inclusivity reflects OCI's commitment to encouraging a diverse and inclusive environment where every employee feels valued and plays an active part in the company's journey to success.--TradeArabia News Service