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3 Nov

New World Group Scoops Five Honours including Best Practice Grand Award

New World Development Company Limited (“New World Development”, “the Group”; Stock Code: 17.HK) takes pride in staff as the key to bolster  corporate sustainable growth and competitive advantage. The Group and its subsidiary, NWS Holdings Limited, won five titles in Best Practice Awards 2014. New World Development was awarded in the Employee Care, Employee Engagement, and Talent Acquisition and Retention categories, while NWS Holdings Limited clinched the Employee Engagement title. New World Development also won its first Best Practice Grand Award for remarkable performance in promoting employee care and talent development.

Family Care Measures and Social Networking site i. World
In recent years, the Group has introduced various family-friendly measures, including flexible working hours, family care leave and education sponsorship schemes for employees’ children. A diverse range of activities, such as the annual Group Fun Day and Family Open Day, were held to encourage family bonding among staff. To keep up with the digital trends, an internal social networking site, i.World, was launched to encourage sharing and collaboration. The Group has also set up Outstanding Employee Awards to recognise exceptional contributions and performance, as well as initiatives that promote corporate culture.

Intrapreneurship and UNITI Circle
The Group inspires and engages staff members with corporate core values UNITI and intrapreneurship, making them feel part of the New World Development family. Under the UNITI Circle programme, staff work together in teams for solutions to take things to the next level. Outstanding proposals are adopted and recognised.

Group Management Trainee Programme and Partnering with HKU
The Group has been allocating significant resources to groom staff in innovative ways. Founded three years ago, the New World University supports the Group’s competence development in a proactive approach with an international perspective. Other initiatives include the Group Management Trainee Programme introduced in 2011 and the New World Talent Facebook page which keeps candidates informed of the Group’s recruitment information. For the first time, the Group has partnered with the University of Hong Kong (HKU) to establish the HKU-New World Group Business Elite Students (BEST) Programme this year to offer university students insights into managing a conglomerate, while attracting high-calibre candidates. The Group has also extended recruitment to overseas to cope with its international business strategy.

Organised by the Best Practice Management Group, the Best Practice Awards honour companies which have implemented defined business processes to reap tangible benefits to its business and customers.

New World Development Company Limited
Founded in 1970, New World Development Company Limited (“New World Group”, Stock Code: 17.HK) was publicly listed in Hong Kong in 1972 and is a constituent stock of the Hong Kong Hang Seng Index. A diversified holding company with a focus on property development, New World Group’s core business areas include property development, infrastructure and service, department store and hotel. As at 30 June 2014, the total asset value of the Group amounted to HK$369.2billion.

As at 30 June 2014, the Group has an effective interest of approximately 61.3% in NWS Holdings Limited (Stock Code: 659.HK), approximately 69.7% in New World China Land Limited (Stock Code: 917.HK) and approximately 72.3% in New World Department Store China Limited (Stock Code: 825.HK).