H&M working with supply chain to implement improved wage management system
The company said that th...
H&M is working with companies in its supply chain to implement improved wage management systems in its textile factories.
The company said that the new wage management system is based on different parameters which create “a fairer wage-setting”.
“This leads to better work environment as well as fairer wages – and in turn more motivated employees, which many employers within the textile industry realize is key to business success,” it said in a release.
Previously the employees at a factory could receive the same basic wage even if their individual skills and experience differed.
H&M is working to train suppliers in ten production countries; Turkey, Bangladesh, Cambodia, Indonesia, India, China, Myanmar, Vietnam, Ethiopia and Pakistan, on how parameters such as skills, experience and responsibility should be included in wage management systems.
Ekpen Tekstil is one of around 500 textile factories implementing a new wage management system. The factory has worked together with H&M group’s local team in Turkey for two years to improve their wage management system.
“I believe this system makes the workers aware of their contribution to the company through their work, but also of that they can have a career plan and develop through vocational training,” said Ahmet Yavuçehre, owner of Ekpen Tekstil.
“It gives workers more opportunities and increase their trust in the company. It also contributes to a happier work environment as well as improved productivity.”
Julia Bakutis, Sustainability Manager at the H&M group production office in Turkey, commented: “Our work is about making it possible for textile factories to be good employers.
“The steps taken by Ekpen Tekstil to implement wage management systems taking employees’ individual skills, education and experience into account, supported by open and constructive communication, contribute to a more positive work environment. It’s a win-win situation for everyone.”
New speakers announced for Procurement & Supply Chain Live
Two leading executives in supply chain transformation have been confirmed for this year's Procurement & Supply Chain Live event.
Procurement & Supply Chain Live is the perfect opportunity to hear from prominent executives at the world’s leading procurement and supply chain businesses. The event will be streamed live from Tobacco Dock, London via the leading networking platform Brella.
The three-day show, running 28-30 September 2021, is an essential deep dive into the industry, with influential speakers sharing insights and strategies from their organisations, group roundtable discussions, and fireside chats.
We take a look at the latest additions to the already amazing lineup of speakers announced so far, and what they will bring to the flagship event.
VP Global Supply Chain at Macmillan Education Ltd
Shaun Plunkett has over 30 years of supply chain leadership experience in FMCG, entertainment and media sectors, supporting multi-billion euro businesses including Universal Music, EMI, Sony Music, Harper Collins and Associated British Foods. He has a track record of successfully delivering transformational change coupled with award winning operating models and developing and coaching global teams. Plunkett says that challenging the status quo is at the heart of what drives him on a daily basis - and encouraging others to continuously push the boundaries.
Read more about Plunkett’s involvement in Macmillan Education’s supply chain transformation HERE
Digital Transformation Lead, Oracle UK and Board Member, CILT at Macmillan Education Ltd
Vikram Singla is digital transformation director at Oracle, UK. He helps supply chain and finance business leaders leverage technology to deliver meaningful business outcomes for their organisations. He also serves on the board if CILT (Chartered Institute of Logistics and Transport) – UK and is an Honorary Visiting Fellow at Anglian Ruskin University. Singla has more than 25 years’ experience in the technology sector, and in global supply chain transformation, including deploying business transformation programmes for Fortune 500 firms. In his spare time, Singla is a passionate brand ambassador for Cancer Research.
Plunkett and Singla join a growing line-up of speakers, including: Sheri R. Hinish, IBM; Robert Copeland, G4S; Daniel Weise, BCG; Mark Bromley, Mastercard; David Loseby, Rolls Royce; and Ninian Wilson, Vodafone Procurement Company.