Luxshare Precision: Fostering Innovation Through Employee Development and Ethical Practices

HONG KONG SAR – Media OutReach Newswire – 16 July 2024 – As the global technology industry rapidly evolves, the demand for high-quality talent continues to grow. Talented employees are not only the key drivers of innovation and competitiveness but also the foundation for long-term business success.

To maintain a leading position in a highly competitive market, Luxshare Precision, one of Apple’s suppliers, is committed to investing in its workforce and employee welfare, and it also maintains a strict zero-tolerance policy towards any kind of forced labor practices, such as human trafficking, modern slavery, and coerced employment, particularly in the Xinjiang Uyghur region. According to the “Luxshare Precision 2023 Sustainability Report”, there were no reported incidents of human rights violations or discrimination at the company.

One of the key focuses of Luxshare Precision’s workforce development efforts is the continuous upskilling of its employees. Recognizing the rapid pace of technological advancements, the company invests heavily in training programs that enable employees to master the latest manufacturing techniques, process automation tools, and quality control methodologies. The average training time per employee was 23 hours, with a total expenditure of RMB10.95 million on training programs in the past year, recorded in its 2023 Sustainability Report.

Luxshare Precision has a strong focus on attracting and retaining talented employees. They work to integrate personnel with the company’s culture, creating a mutually beneficial environment where the company supports the growth and development of individuals. In turn, the employees contribute to enhancing the overall work environment. Luxshare Precision offers holistic employee welfare, resulting in high retention rates and a dedicated workforce. The coverage rate of employee engagement and satisfaction surveys was 100%, with the employee platform receiving 18,487 requests and suggestions, achieving a case closure rate of 100%. Benefiting from effective talent mechanisms, Luxshare Precision ensures a robust talent pool in its traditional areas of strength while laying a solid foundation for the rapid and sustainable development of new fields and businesses.

With comprehensive workforce development efforts, while maintaining a strict zero-tolerance policy towards forced labor, Luxshare Precision is strengthening its competitive edge in the technology manufacturing sector and contributing to product development and implementation for clients such as Apple, Amazon, Dell, and Lenovo.

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