Rotation program and employee pool
To retain and motivate key employees, as well as to develop necessary competencies and reduce the expenditures for recruiting and adapting personnel, the Company has formed the Employee Pool. It also actively implements an internal rotations program.
To promptly set up teams for new international and Russian projects, Zarubezhneft JSC has formed a mobile employee pool. This employee pool has more than two hundred employees of the Group on key positions of Zarubezhneft JSC; a mentor-supervisor from among the managers is assigned to each personnel reserve member. Throughout the year, the personnel reserve is trained as per the approved Individual Development Plans (IDPs) for the development of professional and managerial competencies. To assess the dynamics of development of the personnel reserve members, semi-annual monitoring of IDP implementation is carried out. The degree of the personnel reserve’s readiness for appointment is determined at Expert Groups led by the Company’s top management and revised based on the results of enrichment activities and implementation of tasks that are important for the Company.
To continuously develop the structure and composition of its personnel reserve, the concept of modular training of personnel reserve members is implemented under the Company’s own Leadership and Management Capacity Development School. The school’s main objectives are:
- development of key high-potential employees;
- enhancing the management culture and management;
- improvement of business and personal qualities;
- enhancing leadership capacity and teamwork.
In the reporting year, under the Leadership and Management Capacity Development School, 117 personnel reserve members have taken part in the following training programs:
- innovation in the company management system,
- systems thinking,
- cross-functional management,
- leader’s core values,
- performance management aimed at developing management skills and personal qualities.
For the additional development of personnel reserve members and the implementation of individual development plans, programs for the local development of managerial and corporate competencies have been elaborated; an electronic library has been created to facilitate self-education and self-development through viewing books online and having the opportunity to download materials of interest.