ESR SR 2019 EN

Total Rewards Strategy We adopt a holistic approach to incentivising our employees and rewarding their contributions to our business success. Base salaries should reflect individual performance as well as the market value of relevant skills and experience, and are reviewed annually. In addition to honouring all mandatory benefits defined in local employment laws and regulations, our regional offices have the discretion to offer additional benefits that will promote the health and wellbeing of our workforce. These range from paid vacation, medical, maternity and family leave, to medical and life insurance or contributions to retirement and social security schemes. Employee Engagement We conduct regular surveys to gauge the level of satisfaction of our employees and invite their feedback. In 2019, employees from our China, Japan and Singapore teams were invited to participate. We are in the process of implementing a new human resources management tool that will facilitate Group-wide participation in the future. Investing in Tomorrow’s Leaders, Today We want to provide positive learning experiences that have lasting impacts on the lives of young people. Through our Bursary programme at Singapore REIT, we offer financial support covering annual tuition fees and book allowances for outstanding secondary and college-age students. There are also unique opportunities for young people to intern with us during 3-month placements that are designed to provide them with hands-on experience and job-market skills under the direct supervision of senior-level mentors. “ #ESRREIT provided a conducive environment for me to learn and grow in many different aspects. It was initially not easy to manage the workload. However, with guidance from my mentors, I learned to prioritise and complete assignments on time. ” 2019 intern at ESR-REIT, Singapore What makes ESR a great place to work? This is what our employees have to say… COOPERATION SENIOR LEADERSHIP RELATIONSHIP WORK-LIFE BALANCE ATTITUDE CHALLENGE COMPENSATION BETTER WORKING ENVIRONMENT 10 ESR Annual Report 2019 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT