About ONGC
GLOBAL RANKING
ONGC ranks as the Numero Uno Oil & Gas Exploration & Production (E&P) Company
in Asia, as per Platt¶s 250 Global Energy Companies List for the year 2007.
ONGC ranks 23rd Leading Global Energy Major amongst the ³Top 250 Energy Majors
of the World in the Platt¶s List´ based on outstanding performance in respect of Assets,
Revenues, Profits and Return on Invested Capital (RIOC) for the year 2007.
ONGC is the only Company from India in the Fortune Magazine¶s list of the World¶s
Most Admired Companies 2007. ONGC is 9th position in the Industry of Mining, crude
oil production.
STRENGTHS
A) O.N.G.C LTD is perceived to be the leader in oil production industry.
B) O.N.G.C has a very efficient and professional management team.
C) O.N.G.C being an international company has sufficient resources and capital to invest.
D) O.N.G.C has ISO-9001 & ISO 14001 registration.
WEAKNESSES
A) O.N.G.C facing difficulties to produce oil from aging reservoirs.
OPPURTUNITY
A) Energy utilization of buried coal resource (700 -1700M), estimated 63BT ± Equivalent to
15000BCM.
B) O.N.G.C facing difficulties to produce oil from aging reservoirs.
THREATS
A) Security of personnel & property especially crude oil continues to be a cause of concern in
certain area.
B) In some exploration Campaign Company involves high technology, high technology, High
investment and high risk
HR Vision, Mission & Objectives
HR Vision
"To attain organizational excellence by developing and inspiring the true
potential of company’s human capital and providing opportunities for growth,
well being and enrichment".
HR Mission
"To create a value and knowledge based organization by inculcating a culture
of learning, innovation & team working and aligning business priorities with
aspiration of employees leading to development of an empowered, responsive
and competent human capital".
HR Objectives
To develop and sustain core values
To develop business leaders for tomorrow
To provide job contentment through empowerment, accountability and
responsibility
To build and upgrade competencies through virtual learning, opportunities for
growth and providing
challenges in the job
To foster a climate of creativity, innovation and enthusiasm
To enhance the quality of life of employees and their family
To inculcate high understanding of 'Service' to a greater cause
HR Strategy
To meet challenging demands of the business environment, focus of the HR
Strategy is on change
of the employees' ‘mindset’
Building quality culture and resources
Re-engineering and redeployment for maximizing utilisation of HR potential
To build and upgrade competencies through virtual learning, opportunities for
growth and providing
challenges in the job
Re-strengthening mutual faith, trust and respect
Inculcating a spirit of learning & enjoying challenges
Developing Human Resource through virtual learning, providing opportunities
for growth,
inculcating involvement and exposure to benchmarking in performance
Role Of HR
Alignment of HR vision with corporate vision
Shift from support group to strategic partner in business operations
HR as a change agent
Enhance productivity and performance by developing employee competency
and potential
Developing professional attitude and approach
Developing ‘Global Managers’ for tomorrow to ensure the role of global
players
Measuring HR Performance
HR Parameters have been incorporated in the MOU by ONGC since 1994-95, to
systematically and scientifically evaluate effectiveness of HR Systems, which
enables and facilitates time bound initiatives.
HR Parameters of MoU for 2000-2001
Transformation of ONGC-HR as facilitator and Change Agent for Pilot
Implementation at WRBC
ERP for HR-Project SHRAMIK
Training and development
Action Plan and Implementation for achieving HR mission and objectives
Roll out of Succession Planning Model for identified key positions
HR audit
IR for enhancing efficiency and productivity
Introducing the concepts of mentoring and knowledge management
Conducting a Climate Survey to identify areas for OD interventions
A Motivated Team
HR policies at ONGC revolve around the basic tenet of creating a highly
motivated, vibrant & self-driven team. The Company cares for each & every
employee and has in-built systems to recognise & reward them periodically.
Motivation plays an important role in HR Development. In order to keep its
employees motivated the company has incorporated schemes such asReward
and Recognition Scheme, Grievance Handling Schemean d Suggestion
Scheme
Incentive Schemes to Enhance Productivity
Productivity Honorarium Scheme
Job Incentive
Quarterly Incentive
Reserve Establishment Honorarium
Roll out of Succession Planning Model for identified key positions
Group Incentives for cohesive team working, with a view to enhance
productivity
Transforming The Organization
ONGC has undertaken an organization transformation exercise in which HR has
taken a lead role as a change agent by evolving a communication strategy to
ensure involvement and participation among employees in various work
centers. Exclusive workshops and interactions/brainstorming sessions are
organized to facilitate involvement of employees in this project.
Project Shramik
To move towards world-class systems, processes and practices, a project for
integrated System of Human Resource Automated Management Information for
KAIZEN (SHRAMIK) based on software platform SAP R/3 has been launched
which is an attempt to address key issues in HRM through comprehensive
process re-engineering and remodelling of HR functions.
Participative Culture
Policies and policy makers at ONGC have always had the interests of the large
and multi-disciplined workforce at heart and have been aware of the nuances
and significance of cordial Industrial Relations. By enabling workers to
participate in management, they are provided with an Informative,
Consultative, Associative and Administrative forum for interactive participation
and for fostering an innovative culture.
In fact, ONGC has been one of the few organizations where this method has
been implemented. It has had a positive impact on the overall operations since
it has led to enhanced efficiency and productivity and reduced wastages and
costs.
