evolving comprehensive hr policy in oil industry presented by: v c agrawal director (hr), indianoil
TRANSCRIPT
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Evolving comprehensive HR Policy in Oil Industry
Presented by:
V C Agrawal
Director (HR), IndianOil
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Contents
• Context
• Defining the problem
• Recommendations
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Context• Higher rate of economic growth particularly
during Xth plan and also likely to continue
• Economic reforms initiated in early 90s leading to deregulation of Petroleum sector
• In addition to competition in business, deregulation has resulted in to competition for talent
• Spurt in E&P and construction activities
In India
Outside India
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Defining the problemEntry level talent• Demand / supply gap
– Quantity with quality
• Diversion of domain specific talent to general areas
– Lack of appreciation of challenge and growth opportunities in petroleum sector
– Perception of tougher work-life w.r.t. service / software sector
– Comparatively better locations available in service/ software sector
– Perceived higher attractiveness of other sectors like IT, telecom, retail, banking etc
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Defining the problem
Experienced Professionals
• Extremely difficult for PSUs to acquire due to
lack of availability and compensation package
• Pull from overseas job opportunities
– Critical skills command for higher compensation
outside India
– Significant shortage globally and Middle East and
Russia in particular
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Defining the problem
Productive deployment
• Under utilization of talent
– Specialists vs generalists
• Lack of initiative/ investment in development
of talent
• Lack of sensitivity towards individual’s needs
– Generation gap
– Changing lifestyle
– Work-life balance
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Defining the problem
Retention
• Retention of mid career talent will be a
sever challenge
• NOCs in particular are highly vulnerable
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Defining the problem
Compensation
• Lack of differentiation
– for performance
– amongst various functions
– amongst various sectors
– between levels
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• Mindset shift from
• Field job to white-collar desk job
• Job security to instant money
• Long term career development to short term rises
• Intangible and ‘when it happens’ benefits like medical benefits etc offered by public sector have lost their attractiveness.
• IT, ITes and MNC jobs more lucrative.
• Negative vibes against PSU/ Govt. jobs at the leading campuses.
Defining the problem
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Issues to ponder for Talent Acquisition
• Do all our job profiles are technical in nature?
• Do we need only high caliber people like Engineers and MBAs and CAs?
• Can we afford to commit same career path to all?
• Is not it time to look at the bottom of the pyramid to consider less qualified but resilient people?
• Can we consider general graduates for more mundane jobs?
• Can we differentiate the career path of the people taken at same entry level?
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Attracting Talent At Entry level
• Time to look beyond “Professional Only” policy
• Open and Campus Recruitment to leverage
available best talent from market
• More emphasis on nascent talent and
employability rather than educational brilliance
Recommendations
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Attracting Talent At Entry level (cont.)
• Recruitment has emerged as an area of
relationship management (with educational
institutes)
• Giving support to the institutes for content
development, project works etc.
• Campus connect (employer branding) exercise
to highlight attractiveness of oil sector and the
company. Need to make students more aware
of the sector and its potential as an employer
Recommendations
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On-boarding and Mentoring
• The first impression forms the lasting impression. Hence on-boarding process for the new recruits requires to be in place
• Important to manage the transition from academic world to professional world – from certainties to uncertainties. Hand holding his important
• Mentoring process to be institutionalized
Recommendations
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Understanding changing expectation
of employees
• Survey amongst new recruits
• Organisational Climate/ Employee
Engagement surveys at regular interval
Recommendations
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Managing Employee Expectations and
Delight
• Progressive discrimination between performers
and non performers
• Re-engineering of compensation package
• Employee self-service
• Grievance redressal
Recommendations
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Developing bench-strength for critical
positions
• Identification of 2 successors against each
critical position
• Working out developmental needs for
identified individuals
• Bridging knowledge/ skill gap
Recommendations
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Let us work together to:
Attract the good
Retain the better
Advance the best
Recommendations
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