At Essar, we believe that our people are greatest assets and are fundamental to the achievement of our aspirations.
Our employees are our most valuable assets without whom we
cannot achieve our business objectives. Our priorities last year
included employee retention, succession planning and nurturing and
growing internal talent. Various employee engagement initiatives
coupled with enhanced focus on individual training needs in
alignment with the business objectives helped us meet our
We continued to focus on effective management of people
performances through linkage with business results and motivation
through rewards. The Short Term Incentive Plan which was introduced
in FY2011 for the middle management of Essar Energy India employees
was paid out at the end of FY2013 to consistent performers.
Essar Energy operates within a framework of HR policies,
practices and regulations appropriate to the country of operation.
We maintain policies relating to labour aspects which highlight our
commitment to being an employee friendly organisation. There are HR
processes in place for recruitment and selection of personnel at
all levels; policies in place for induction, performance
management, learning and development, retirement, separation,
business practices and exit.
The Group HR Function has functional responsibility for HR
issues at Essar. Group HR provides direction in different aspects
of HR and introduces innovative models and tools for continual
improvement and value creation.
The Group President of HR, who is also a member of the highest
governing body within the organisation, has operational
responsibility for all aspects of the workforce. He has a team of
senior professionals with separate portfolios for talent
acquisition and management, learning and development and employee
engagement. In the last couple of years our focus has been on
refining our people management processes and building our talent
pipeline. We undertook a number of training and development
initiatives to create a learning environment and developed
programmes which link people across the Group to facilitate
The Essar Brand 'Positive Action' emphasizes superior execution,
translating positive intentions to 'actions', delivering value to
internal and external stakeholders, strong goal orientation, and
aligning values to performance.
At Essar Energy, we have established six key operational
objectives, the 'Essar Capabilities', as follows:
The Essar Capabilities are a strategic human resources vehicle
to create intangible value and reinforce the brand. The Essar
Capabilities are the touchstone for decisions on talent
acquisition, assessment, development, promotion, and succession
planning. In this, and other ways, Essar Energy is leveraging
organisational capability to derive sustained competitive advantage
in the marketplace and to assist in value creation.
We are striving to be on a par with the best by building a
culture of high-performance and meritocracy, creating a strong
talent pipeline, developing people into global leaders and
managers, building a learning organisation and ensuring an engaged
workforce that would deliver business objectives.