HONG KONG and SHANGHAI, Nov. 4, 2024 — Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An“, the “Company” or the “Group”, HKEX: 2318 / 82318; SSE: 601318) moved up 29 places to 318th on Forbes World’s Best Employers 2024 list. It was ranked second among China’s financial companies, demonstrating its leadership in areas such as work environment, compensation and benefits, and career development opportunities.
The World’s Best Employers 2024 list is compiled from anonymous surveys of approximately 300,000 full-time and contract employees at multinational companies in 50 countries and features 850 companies globally this year. Ping An ranked 17th among all China companies in the survey.
Ping An attracts top-tier professionals from China and around the globe. As of the end of 2023, Ping An had over 635,000 employees and agents, or one in every 2,000 China residents. Ping An continually refines its talent standards using its proprietary 8Q+TEL competence assessment model. It evaluates performance based on business results, competencies, and potential for growth, allowing Ping An to select and nurture high-quality talent in a methodical way.
Ping An also encourages employees to participate in self-directed learning to enhance their skills. Ping An supports the learning and development needs of employees at all levels by continuously expanding its training resources and intelligent learning platforms. In 2023, employees received an average of 45.1 hours of training. In the first half of 2024, Ping An implemented an innovative “learning credit” system to link employee learning outcomes with their career development through its proprietary learning system.
In terms of compensation and benefits, Ping An adheres to the principle of fair, equitable, and transparent remuneration, offering competitive compensation to employees. It also provides benefits such as commercial insurance, high-end health insurance, annuity, regular health checkups, and an Employee Assistance Program (EAP). Additionally, Ping An has a long-term incentive and retention mechanism: in 2023, over 103,000 employees, 36% of the total, participated in the key employee stock ownership plan and long-term service plans.
To protect employees’ rights and interests, Ping An has formulated “Statement on Employee Rights of Ping An Group”, confirming its commitment to state regulations and policies, as well as local governments’ requirements. It has also established anti-discrimination rules to prevent unequal treatment in terms of hiring, onboarding, training, promotion, and awards. Ping An safeguards the physical and mental health of employees and offers various complaint and feedback channels and labor unions. Ping An proactively protects employees’ rights to cultivate a fair, equitable, harmonious, and healthy working environment. In the 2023 employee satisfaction survey, Ping An received an overall satisfaction score of 87/100.
Ping An will continue to uphold its “people-centered” development principle as it strives to increase employee satisfaction by focusing on employee feedback, employee service quality, an optimal recruitment experience, digital training, and learning platform development. By doing so, Ping An will create sustainable long-term growth value for employees, customers, shareholders, and society.
About Ping An Group
Ping An Insurance (Group) Company of China, Ltd. (HKEX:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It aims to become a world-leading provider of integrated finance, health, and senior care services. Under its technology-driven “integrated finance + health and senior care” strategy, the Group provides professional “financial advisory, family doctor, and senior care concierge” services to its 240 million retail customers. Ping An drives intelligent digital transformation and leverages technologies to enhance the quality and efficiency of its financial businesses and improve risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of September 2024, Ping An had more than RMB12 trillion in total assets. The Group ranked 29th in the Forbes Global 2000 list in 2024 and 53rd in the Fortune Global 500 list in 2024.
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SOURCE Ping An Insurance (Group) Company of China, Ltd.