Page 116 - InterloopAnnualReport2020

People Management Compensation & Benefits

Interloop exercises defined Management Policies and Interloop provides a conducive work environment to
SOPs, in-line with the best international practices to run its people where they give peak performances and
Operational and Support functions. We invest in continuous enhance their skills. The Company spends a considerable
improvement of the management processes including percentage of its profit to provide all basic facilities to its
organizational structures, HR planning, & performance people including EOBI contributions & social security.
management, and expend time, effort, & money to Multiple employee welfare schemes including gratuity,
develop our employees. Performance-based career growth provident fund, health care including health insurance,
opportunities and job rotation options make Interloop a group life insurance offering death, accidental & disability
much sought after employer as it considers employees as benefits, scholarships for employees’ children, special
its strategic stakeholders and believes that their intellectual welfare assistance for non-executives, free pick & drop,
and financial growth translates into the growth of the subsidized meals, etc., are in place.
Company.

Fair Trade USA

Promoting sustainable livelihoods for our workers has
always been front and center for us. During the reporting
year, our Hosiery Division II received its Fair Trade USA
certification, becoming the first sock facility in the world
to be FT USA certified. Fair Trade certification is a further
endorsement of our rigorous standards for health & safety,
working conditions and fair wages & scaling it across
Interloop will be a top priority for us.

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