Employment

The Board regards its employees as critical to the Group and its future and recognises that management, professional and technical expertise are the Group’s major assets. 

The Board recognises the value of effective communication and consultation with all employees and informing them of the progress and policies of the Group.  This is achieved through formal and informal meetings, particularly as most of the employees are based in the same office site in Woking.

The Genosis Employee Handbook (which was adopted by the Board on 26 January 2006 and had been used as a yardstick for performance prior to that date) includes Genosis’ policy on employment:

“It is the Company’s policy not to discriminate against its employees on the basis of their gender, sexual orientation, marital status, any gender reassignment, race, religion or belief, colour, nationality, ethnic or national origin, disability or age, pregnancy or trade union membership or the fact that they are a part-time worker or a fixed-term employee. Our employees and applicants for employment shall not be disadvantaged by any policies or conditions of service which cannot be justified as necessary for operational purposes. The Company shall, at all times, strive to work within legislative requirements as well as promoting best practice. The Company board’s long-term aim is that the composition of our workforce should reflect that of the community and that all employees should be offered equal opportunities to achieve their full potential. This policy, and the measures we take to implement it, have been devised on the basis of advice from the relevant government and professional bodies. We are committed to a programme of action to make this policy effective and to bring it to the attention of all employees. The principle of non-discrimination and equality of opportunity applies equally to the treatment of visitors, clients, customers and suppliers by members of our workforce and also, in some circumstances, ex-employees.”

Consistent with the Group’s human resources policies, the Board encourages staff to identify with the financial success of the business through the opportunity to acquire Ordinary Shares.  Employee incentive arrangements include a share option plan.