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At Vale, we work hard to ensure that our employees have the environment, tools and training they need to do their work safely and effectively. And we work to build a culture across all of our operations that values diversity, is fair and inclusive, and provides opportunity for career fulfillment.
Our employment guidelines respect local cultural and structural requirements of the country in which we operate. For instance, at PT Inco we operate under a formal Contract of Work agreement with the Indonesian government. At Voisey's Bay, meanwhile, we are governed by a Development Agreement with the Province of Newfoundland and Labrador, as well as Impact and Benefits Agreements with Innu Nation and Labrador Inuit Association. However, regardless of where we operate, our operations adhere to both the spirit and the letter of the law in each jurisdiction.
Guiding Principles
Our commitment to our employees is expressed by our Guiding Principles. In order to attract, retain and develop our employees at all levels, Vale promises to:
- Provide pay and benefits which are competitive in the employment markets from which employees are drawn, which will reward successful performance and be internally equitable;
- Provide opportunities for individual growth and career satisfaction, and assist employees to realize their potential by providing appropriate training, development and educational and promotional opportunities;
- Observe all laws respecting non-discrimination or harassment on the grounds of race, ancestry, national origin, colour, ethnic origin, citizenship, creed, sex, sexual orientation, disability, record of offences, marital status, family status or age;
- Respect the core labour standards related to equal opportunities/non-discrimination, child labour, freedom of association and collective bargaining and forced labour;
- Provide suitable work facilities and conditions with the objective of safeguarding the health, safety and general well-being of employees;
- Require all to maintain safe and effective work practices, including observing all legislated health and safety requirements.
While our formal Guiding Principles currently apply to our Canadian Operations, they serve as a guide for all of our operations.
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Employment and Human Rights Standards
Our Employee Human Rights Policy, which applies to our Canadian operations, is consistent with the Canadian Charter of Rights and Freedoms and universally accepted standards for basic labour rights including freedom of association, the right to organize, collective bargaining, abolition of forced and child labour and equality of opportunity and treatment. These Guidelines were reviewed in 2003.
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A Promise of Opportunity
As a company focused on dramatic growth and innovation, Vale offers our employees a wealth of career opportunity. We are committed to building and maintaining a dynamic workplace where every employee has the chance to be fully engaged in our business.
To assist employees in managing their own career paths, we have introduced the Vale Employee Development Web site, an online career planning tool available on our intranet web site and is accessible to 100 per cent of our employees.
We also encourage lifelong learning. Our individual operations are continually investing in training to ensure that our people have the skills and knowledge they need to do their jobs effectively and efficiently.
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Sharing Rewards
We believe that our employees have a right to share the rewards of our success. We offer salaries that are competitive with the industry. We strive to be at the 50th percentile in terms of employee compensation. To meet that goal, we conduct benchmarking surveys and use a third-party service to conduct annual reviews of employee compensation. We offer a very attractive and comprehensive suite of pension, retirement savings and group benefit programs.
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Scholarships
Vale also provides a scholarship program for the children of employees and pensioners in Canada. Since the program started in 1956, we have awarded over $6 million in university scholarships to deserving young scholars.
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Employee Responsibility
At Vale, we believe that we have many responsibilities to our employees. At the same time, Vale employees have a responsibility to our company. Particularly, our people have a responsibility to act in accordance with the highest standards of fairness, integrity and equity in all matters. We insist too that all our employees obey the laws of every country where we operate. Further we demand that individual employees declare any conflict of interest. We also recently launched an Ethics and Compliance Reporting hot-line.
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© Vale 2010
Last Updated: Thursday, May 27, 2010
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