Annual Report 2015

ECONOMIC, SOCIAL AND
ENVIROMENTAL PERFORMANCE

Annual
Report 2015

ECONOMIC, SOCIAL AND
ENVIROMENTAL PERFORMANCE

4. HUMAN CAPITAL

General aim: “Building capability and enhancing organizational performance at times of turbulent change”

ACHIEVEMENTS:

  • Group E&P and Group HR implemented a Technical Career Ladder (TCL) across the E&P community in 2015 and allocated 940 petro-technical professionals (PTPs) to 7 TCL levels through 14 Job Families
  • MOL Group won the Getenergy 2015 Award in the category of ‘Education Partnership’ for partnering with the University of Engineering & Technology (UET) of Peshawar
  • MOL Group won Workforce Optimas Awards in the category of Global Outlook for a change in the compensation and benefits model in MOL Pakistan that efficiently reduced staff turnover
  • MOL Group’s Intensity leadership program developed 489 leaders and attained an overall course satisfaction rate of 83%
  • 186 graduates joined MOL Group as Growww 2015 program participants in 11 countries, with 36% of positions offered to women, which is above the industry’s gender split average

CHALLENGES:

  • A scarcity of mid-level careers on the market is shrinking the available skills pool
  • Increasing speed of change, industry downturns and market volatility affect the talent pool