{"id":5346,"date":"2023-10-17T07:24:54","date_gmt":"2023-10-17T07:24:54","guid":{"rendered":"https:\/\/omancables.com\/?p=5346"},"modified":"2026-11-12T08:39:55","modified_gmt":"2026-11-12T08:39:55","slug":"from-employee-to-shareholder-oman-cables-industry-rolls-out-2023-profit-share-program","status":"publish","type":"post","link":"https:\/\/omancables.com\/ar\/from-employee-to-shareholder-oman-cables-industry-rolls-out-2023-profit-share-program\/","title":{"rendered":"From Employee to Shareholder: Oman Cables Industry Rolls Out 2023 Profit Share Program"},"content":{"rendered":"<div class=\"et_pb_section_0 et_pb_section et_section_regular et_flex_section\">\n<div class=\"et_pb_row_0 et_pb_row et_pb_gutters3 et_block_row\">\n<div class=\"et_pb_column_0 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\">\n<div class=\"et_pb_text_0 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module\"><div class=\"et_pb_text_inner\"><h2 class=\"wp-block-heading\"><span>OCI is committed to rewarding employees\u2019 success and creating an inclusive corporate culture<\/span><\/h2>\n<p class=\"description font-p\">Muscat, 17, October 2023: \u2013 Oman Cables Industry (OCI), the leading manufacturer of energy cables and innovative service provider in Oman, part of Prysmian Group, is proud to roll out, again this year, its successful profit-sharing initiative for 2023.<\/p>\n<p class=\"description font-p\">The initiative was first introduced in 2022 and was embraced by OCI\u2019s workforce thanks to Prysmian Group support. The continuation of the program highlights the relevance of OCI within Prysmian Group and OCI&#8217;s ongoing commitment to recognizing its employees\u2019 dedication, while encouraging a proactive part in the company&#8217;s success.<\/p>\n<p class=\"description font-p\">Fabrizio Rutschmann, Prysmian Group Chief HR Officer commented: \u201cWe firmly believe that when employees become shareholders, their level of engagement is higher as they feel more part of their company mission. Looking ahead, this is one way to get more motivated employees which is fundamental to achieve more ambitious results. Moreover, the best companies work to generate value4all: shareholders, employees and stakeholders, like the local communities in which we operate. Through these programs we aim to generate more value and share it also with our people\u201d.<\/p>\n<p class=\"description font-p\">Under the leadership of OCI&#8217;s CEO, Cinzia Faris\u00e8, this rewarding program works by aligning the goals of employees with the success of the company, encouraging a sense of ownership, motivation and teamwork. Eligible employees will receive a portion of the company&#8217;s profits based on predetermined criteria.<\/p>\n<p class=\"description font-p\">Cinzia Faris\u00e8, CEO of Oman Cables Industry, said: &#8220;Building on the successful and positive feedback we received from last year\u2019s profit-sharing program, and with the endorsement of OCI&#8217;s board, we are delighted to relaunch this fulfilling initiative. The program aligns with our company&#8217;s good performance while recognizing and rewarding the individual achievements of our dedicated workforce. The reward system is designed to incentivize employees to reach annual targets, which helps to ensure both the company&#8217;s growth and individual development. This initiative also aligns with the Environmental, Social, and Governance (ESG) approach, reflecting OCI&#8217;s commitment to retaining and empowering its workforce.\u201d.<\/p>\n<p class=\"description font-p\">OCI&#8217;s profit-sharing initiative caters to its diverse workforce and rewards employees across various roles, including those working in desk and non-desk roles. This inclusivity reflects OCI&#8217;s commitment to encouraging a diverse and inclusive environment where every employee feels valued and plays an active part in the company&#8217;s journey to success.<\/p>\n<p class=\"description font-p\">OCI introduced an inclusive share ownership plan in 2022, enabling employees to become shareholders of Prysmian Group. This development marked a proud moment for OCI as its workers were offered the chance to have a vested interest in the company&#8217;s future. As part of OCI&#8217;s vision, the company is contributing to Prysmian Group&#8217;s Social Ambition 2030 and strives to achieve 50% employee ownership within the organization.<\/p>\n<p class=\"description font-p\">This vision is brought to life through OCI&#8217;s stock ownership plan, which enables eligible employees to convert all or part of their bonus into company shares.<\/p>\n<p class=\"description font-p\">In the evolving landscape of today\u2019s corporate culture, OCI remains committed to empowering its workforce. The profit-sharing initiative highlights the company&#8217;s dedication to innovation, employee engagement and sustained success.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":5349,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-5346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>From Employee to Shareholder: Oman Cables Industry Rolls Out 2023 Profit Share Program - Oman Cables<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/omancables.com\/ar\/from-employee-to-shareholder-oman-cables-industry-rolls-out-2023-profit-share-program\/\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"From Employee to Shareholder: Oman Cables Industry Rolls Out 2023 Profit Share Program - 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