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MW 4 April 2018

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maltatoday WEDNESDAY 4 APRIL 2018 11 FIMBank p.l.c. announces that it has been granted approval by the Listing Authority for a Rights Issue prospectus dated 23 March 2018. The rights is- sue offer is for 209,687,428 new ordinary shares in the Bank at an offer price of USD0.55 per share on the basis of two new shares for every three existing shares held as at the record date (being 22 March 2018). The net proceeds of approximately USD114 million from the issue will be used to strengthen the Bank's capital base and support the general growth of the FIMBank Group and also the repayment of a principal sum of USD50 million with interest due under a subordinated loan agreement. The acceptance period opens today at 8.30am and closes on 18 April 2018 (10am). For a copy of the Prospectus and further information about the FIMBank Rights Issue please visit en/rights_issue_2018 Business Today Tel: 2131 2344 Your Local Partner for Credit Risk Management Solutions Supporting you all the way FIMBank announces rights issue Deloitte survey: UK companies falling short in managing 'non-traditional' employees Just 17 per cent of UK com- panies have policies and strat- egies in place for the use of 'non-traditional' labour, includ- ing freelancers, contractors and 'gig' employees. This is despite the fact that a large proportion of UK business leaders report a signifi cant number of contrac- tors, freelancers and gig workers in their workforces. The fi ndings come from the 2018 Deloitte Global Human Capital Trends survey, which tracks the top trends shaping the agenda for HR and business leaders. While many organisations rely on 'non-traditional' workers, this looks set to grow. 42 percent of UK business leaders expect to see a rise in the use of contractors by 2020, while 41 percent foresee an increase in freelancers, and 34 percent expect a growth in gig workers. However, it seems that not all workers are given guidance of best practice during their contracts. Just 66 per cent of HR teams say they are involved in onboarding non-traditional workers, while 49 per cent offer training for these employees. One in three (33 per cent) say they do not assess or manage the performance of non-traditional employees. Furthermore, as the number of 'non-traditional' workers is expected to grow, many are sensitive to the risks involved with employing 'non-traditional' workers. Over two in five (42 per cent) organisations say they are worried about the loss of confidential information due to the use of contractors, while 31 per cent worry about the instability of the non- traditional workforce and 42 per cent are concerned about violations or changing government regulations in managing or categorising these workers. Despite recent media scrutiny however, 64 per cent do not express concerns over the reputational risk that could arise from a negative perception of non-traditional employment. Anne-Marie Malley, UK human capital leader at Deloitte, explains: "The breadth of worker contracts available today offers employers huge potential to equip their business with a flexible, diverse and uniquely skilled workforce. However, most of these workers are being treated as unskilled labour, not as professionals. As freelancers, gig, and crowd workers become a growing proportion of the workforce and scrutiny of non- traditional workers intensifies, improving the management of the diverse workforce will grow in importance. Businesses should work to give gig and contract workers clear performance goals, secure communication systems, and the right amount of training and support to make them productive and aligned with the company's strategy." Human skills vital in the successful deployment of new technologies Leaders are preparing for the deployment of new technologies to sweep their businesses in the coming years, with 83 per cent expecting AI and cognitive technology to have an impact on the composition of the workforce by 2020 and 33 per cent saying that it has already had an impact. As the use of these new technologies is becoming more widespread, business leaders share a belief in the importance of human skills. 69 per cent say that as AI and robotics become integrated in the workforce more complex problem-solving skills will be important in the workplace, while 61 per cent say that technical skills and 60 per cent say that cognitive abilities will be. However, currently, just one in eight (12 per cent) organisations plan to train their current workforce to enable the human skills which will be required by the use of AI and robotics, with 43 per cent saying they do not have a plan to cultivate these skills. Malley, therefore, concludes: "Organisations expect their use of AI, automation and robotics to accelerate rapidly in the coming years and it'll be inherently human skills which will be needed to facilitate their deployment. To allow new technologies to have the greatest impact in the workforce while minimising the potential negative impact on current employees, organisations must invest in reconstructing workloads, redefining roles and retraining workers." Adrian Sillato appointed as Chief Commercial Offi cer for Ozone Ozone Ltd, a local fast-growing telecoms operator, announced the appointment of Adrian Sil- lato as the company's Chief Commercial Offi cer. Sillato will be responsible for all customer- facing activities, marketing, and customer support, reporting di- rectly to Robert Runza, Chief Executive Offi cer at Ozone. Ozone is Malta's user-friendly telecom network operator and has been offering the best solutions to business companies in Malta and overseas, best value for money and flexible solutions. Over recent years the company has capitalised in simplicity, streamlining systems, and delivering a straight- forward approach to customer service. With the employment of Sillato, Ozone aims to get closer to its clientele with a newly implemented management structure and an administrative team thoroughly connected to its customers. Welcoming Sillato to the new role, Runza said, "We are pleased to announce that Adrian has joined our reliable and hardworking team as our new CCO. I know that Adrian will utilise his organisation- al capabilities, stakeholder management skills and great strategic capability to support Ozone's journey, both in Malta and abroad." During the past years Sillato held a position as a director with Kasco Limited and managed to achieve important milestones in his role such as successfully introducing international brands like Pasta Rummo to the local market with great success and developing widely the paper export business. This appointment is also a comeback for Sillato at Ozone. Ten years ago he was part of the company before moving on to other business ventures, which all turned out to be positive and successful. He also brings a level of tech experience to the table having sold the first few broadband Melita connections to consumers and businesses and being part of founding companies that started VoIP telephony in Malta bringing incredible low-cost telephony tariffs which consumers still benefit from today. Sillato said that he has always been very impressed "with the innovative and bespoke ICT services Ozone have successfully introduced locally and overseas." The new Chief Commercial Officer is now excited by the opportunity of playing a key role and contributing to the next stage of the company's growth. "I look forward to working closely with the great talent that exists at Ozone and also getting out and about and meeting our clients, partners and prospects," he said. His appointment promises to be a hot prospect for the future of Ozone, as the company continues to strive to improve the service it offers to its clients.

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