Training and development
PanAust is determined to leave long-lasting legacies in countries where it operates including that of a skilled workforce that can participate in and help grow economies through professional services, mining and other heavy industry. In the shorter term, PanAust remains focused on the localisation of its workforce in Laos to enable local people to increasingly operate, maintain and manage the Company’s operations in Laos.
PanAust’s people development strategy focuses on continual learning that supports ongoing skills development through on-the-job experiences and targeted training. These activities are essential in preparing employees to meet the professional requirements of their role and for future promotion, enable organisational readiness for growth and to build a sustainable workforce. PanAust has established programs to ensure the development of a pipeline of talent including succession and localisation planning, skills training, leadership development programs and learning support initiatives.
Over time, the decline in the number of expatriates in management and supervisory roles and the corresponding increase in Lao-national employees in these roles demonstrates the success of PanAust’s localisation strategy.
Further information about PanAust's training and development outcomes can be found in the 'Our people' section of the 2015 Business Review & Sustainability Report (pages 64-71).