BHEL redraws HR policy

BHEL is in the process of reorienting its HR policy to prepare its employees to counter the competition put up by multinational firms, besides preparing them for a succession planning in the coming years. The reorientation has been spurred by the fact that about 11,000 of its employees comprising around 22 per cent of its total staff strength are retiring over the next five years. The company has started working on a succession planning initiative, which will focus on grooming the remaining 19,000 employees who have less than five-year experience. "These young people will take over the baton from the senior people who will be retiring. We will prepare them according to the competition and challenges which the power sector, especially our segment, is expected to see,” BHEL’s Director (Human Resources) R Krishnan told Business Standard. Accordingly training programmes will be developed internally (within the company) and externally (from outside agencies) to fill in the gaps. The company has hired Ernst & Young for conducting programmes for its employees. Employees might also be shifted to different departments/positions according to their seniority levels, he said. more at: http://business-standard.com/india/news/bhel-redraws-hr-policy/165740/on