Company: NTWK
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001641172-25-007993
Chunk: 17

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 17
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 the quality of life of our employees, but also the standard of living in these regions. Examples of such programs
are as follows:

■ Literacy
Program: Launched to educate children of our unskilled staff, the main objective of this program is to enable them to acquire basic reading,
writing and arithmetic skills.

■ Higher
Education and Science and Research Institutions: In order to support higher education in Pakistan, we have contributed endowments to NUST,
Forman Christian College, and a few other universities who are focused on science and engineering.

■ Noble Cause
Fund: A noble cause fund has been established to meet medical and education expenses of the children of our lower paid employees. Our
employees voluntarily contribute a fixed amount every month to the fund and NetSol matches the employee subscriptions with an equivalent
contribution amount. A portion of this fund is also utilized to support social needs of certain institutions and individuals, outside
of NetSol.

■ Day Care
Facility: Our human resources are our key assets and thus we take numerous steps to ensure the provision of basic comforts to our employees.
In Pakistan, the provision of outside pre-school childcare is a rarity. With this in mind, a children’s day care facility has been
created near NetSol’s office in Lahore, Pakistan providing employees with peace of mind knowing their children are nearby and being
taken care of by qualified staff in a child-friendly facility. The day care facility was temporarily closed due to COVID-19, but is now
in the process of reopening.

■ Preventative
Health Care Program: In addition to the comprehensive out-patient and in-patient medical benefits, preventive health care has also been
introduced. This phased program focuses on vaccination of our employees against such diseases as Hepatitis – A/B, Tetanus, Typhoid,
Flu and COVID-19 on a routine basis.

Human Capital

There is significant competition for employees
with the skills required to perform the services we offer. We run an elaborate training program for different cadres of employees to cover
technical skills and business domain knowledge, and communication, management and leadership skills. We believe we have been successful
in our efforts to attract and retain the highest level of talent available, partly because of the emphasis on core values, training and
professional growth. We intend to continue to recruit, hire and promote employees who share our vision.

As of June 30, 2024, we had approximately 1,569 employees; comprised of 69% technical staff and 31