People are the key to our success. We aim to develop careers by promoting talented individuals to positions of leadership.
Our aim is to manage talent effectively and ensure that we have sufficient capability to realise our strategy. We regularly undertake succession planning exercises to review the talent pipeline and progress individuals according to capability.
We have a graduate recruitment programme for top graduates who pursue an internal programme of training and mentoring, which will ensure they are well prepared for the Royal Institution of Chartered Surveyors (“RICS”) Assessment of Professional Competence (“APC”). Each graduate is assigned an experienced Capco counsellor and supervisor who guides them through the APC process.
New opportunities that arise in the business are advertised internally and we aim to promote internal candidates in order to enhance career development and encourage mobility across the Company.
TRAINING AND DEVELOPMENT
Capco training and development programmes are designed to strengthen our teams and challenge aspiring leaders.
Individual training and development needs are identified and discussed at performance review meetings with line managers. During 2019, our employees recorded 580 hours of training activity.
We sponsor individuals undertaking further professional qualifications, and encourage continuous learning, reflecting our commitment to a knowledge-based environment.
We recognise that coaching and mentoring can have significant impact on behaviours, and key employees continue to benefit from bespoke coaching programmes.
Annual performance objectives for individuals are agreed at performance review meetings, which take place at the beginning of the calendar year. Performance is measured against objectives set for the previous year and individual performance ratings underpin discretionary annual bonus awards.
We regard the giving of regular and direct feedback as a core competency of effective leadership and encourage line managers to appraise performance regularly during the year.
Capco has a high-performance culture, reflective of our business strategy. Capco people operate with integrity and are supportive of colleagues across the business. Employees are particularly engaged with the business and understand the difference they can make in progressing our strategic objectives.
We have an inclusive approach and aim to help people develop and realise their potential. Capco people are results-driven and brave in their approach to new ideas. Many of our people are in new roles and have assumed increased levels of responsibility since joining Capco.
We support new parents returning to the workplace, and encourage our people to adopt a healthy attitude to work-life balance and to participate in the community.
In addition to core elements, we reward people with an attractive package of additional benefits, which includes private medical insurance and dental cover. The Company currently contributes up to 10 per cent of salary into the MyCapco pension scheme. Our policy is to enable employees to take their full annual leave entitlement of 28 days per annum, rising to 30 days after four years’ service, and we offer a flexible leave policy.
LIFESTYLE and well-being
In 2019, our lifestyle programme covered matters including health and well-being, and personal finance. A range of educational seminars were provided for our employees, on a wide range of topics from mental wellness to musculoskeletal issues. In addition, a month-long employee well-being challenge with daily health goals took place during the summer and free fruit baskets were made available in all our offices.
The aim of our reward strategy is to compensate people for high performance and to incentivise them to strive to improve.
Core compensation packages at Capco comprise three elements: base salary, discretionary performance bonus and discretionary share awards. We regularly benchmark our approach to reward to ensure that we are appropriately competitive in the market.
Awards are made annually and take account of performance ratings discussed at performance review meetings.
All Capco employees are eligible to receive share awards so that everyone can participate in the success of the Company. These awards have a three-year performance period and are subject to corporate performance conditions.
We believe that every person in the Company has a part to play in generating value and we understand fully the benefits of a diverse workforce. Diversity is considered when making appointments at all levels.
We are keen to develop female talent across the business and provide executive coaching to our senior leadership team. There is strong female representation across the business. We are pleased that, following the appointment of Michelle McGrath to the Board, 33 per cent of our Executive Directors, and 29 per cent of the reduced Board (with effect from our AGM in 2020), will be female. With gender and ethnic diversity considered together, this will be 67 per cent and 43 per cent respectively.
We support a number of initiatives which aim to increase diversity within the property industry, including being a signatory to the RICS Inclusive Employer Quality Mark, a member of the Employers’ Network for Equality and Inclusion (“ENEI”), a member of Real Estate Balance, a sponsor of the Reading Real Estate Foundation and a supporter of the Pathways to Property work experience programme. Capco is a corporate member of the British Property Federation (“BPF”) and supports the BPF Futures programme. In addition, Capco is a member of the BPF Diversity and Inclusion Champions network. A number of employees are involved with the Urban Land Institute (“ULI”) and the ULI Next and Young Leaders Programmes.
We have a policy to promote equality in relation to race, religion, gender, age, sexual orientation, disability and nationality amongst our employees.
Capco has adopted a CR policy and a supply chain policy which reflect a responsible approach to human rights.