Page 117 - InterloopAnnualReport2020

Residential Facilities the Company from time to time. The scheme is flexible,
voluntary, and focused on long term growth and prosperity
To facilitate non-resident male & female executives, Interloop of the employees. Currently, any further allocation of
provides top-class residential facilities including hostels shares under the scheme has been taken on hold till
and upscale apartments within Company premises, as per its amendment in accordance with the listed Company
space availability. scenario, owing to the recent listing of the Company on the
Pakistan Stock Exchange. For such purpose, the subject
Special Welfare Fund for Non-Executives proposal is under review and pending approval from
shareholders of the Company and SECP, respectively.
Interloop has set-up an additional welfare fund for non-
executive employees and is supporting them for special Management Trainee Officers Program
requirements including marriages, children’s scholarships,
critical illness or death, and any other urgent needs. Every year, Interloop inducts fresh graduates, 50% females,
across various functions through the Management Trainee
Leave Fare Assistance & Officers Program. The one-year working contract exposes
Anniversary Day Off MTOs to a variety of operational and strategic roles. After
the final evaluation, successful MTOs are offered permanent
To promote work-life balance, Interloop provides annual jobs. During the year, 19 MTOs graduated and 56 have
Leave Fare Assistance (LFA) to executive employees for been inducted through Management Trainee Officers
a vacation with family. It also presents them a day off on Program.
their wedding anniversaries with paid dinner to enjoy the
memorable occasion with their spouses. Talent Development Programs

Employee Stock Option Scheme Interloop truly believes in nurturing its people. For executive
employees, well-designed customized and open enrolment
The Company introduced “Interloop Limited Employees training programs on technical, managerial, and leadership
Stock Option Scheme, 2016 (ESOS)” to offer Company skills are conducted by Local & Foreign Trainers. Non-
Shares to its eligible Executive Employees, pursuant to executive employees are trained in technical, operational,
the Public Companies (Employees Stock Option Scheme) and leadership skills at the in-house Technical Training
Rules, 2001, transforming them from Stakeholders to School (TTS). During the year, the Company has spent
Shareholders. These shares qualify for bonus shares, 49,419 hours to train 13,816 employees.
dividends, or similar corporate benefits announced by

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