At Essar Oil, we believe that our people are our greatest asset and are fundamental for 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 objectives.

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 Oil employees was paid out at the end of FY2013 to consistent performers.

Essar Oil 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.


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