final hrm 05062011 - essar group

8/6/2019 Final HRM 05062011 - Essar Group

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Date:5th June 2011Group VI



y Founded in 1969 by brothers ± Mr. Shashi Ruia & Mr. Ravi Ruia

y Operates in 25 countries, revenues of $20 bn, strength of 70,000

employees

y 21st century about consolidating and growing the business with

M&A¶s, new revenue streams & strategic geographical expansionsy Expansion drives expected to catapult the group to $30 bn league

by 2013.

y Transformation from a marine construction company to a

Diversified Conglomerate, scale and diversity to tide over the

cyclical nature of businesses

y Founders popular for their Management Styles, Ravi for his

methodical & systemic approach and Shashi for his µOut of the

box¶ thinking



EssarSteel

Essar

Oil

Essar

Powe

r

Essar

Comm.Essar

Shipping

Essar

Project

s

Essar

Minerals

Global steel producer with a capacity

of 14 million tons, among top 15 steel

producers in the world

End to end playerfrom exploration to

refinery to retail

Among India¶s top

private sector power

producers with

current generation

capacity of 1600 MW

120 million subscribers

globally, shot into limelight

for the 33% Vodafone

stake, $5.7 bn mega dealAmong India¶s

largest portoperators

World-Classengineering,

production &

construction

capabilities

Growing portfolio

of Iron Ore & Coal

mines in India



y Reinforcement by management : Not a family business,but a family-in ±business.

y Tradition for young family owners to observe duringinitial five years and significant role given only duringafter that time frame of induction.

y Earning trust and respect of senior people in theorganization a key part of the transition

y Strategic re-organization & new management structureempowering top leadership with ownership in decisionmaking

y Above GMC (Group management committee) finaldecision making authority, departure from past, whereimportant business plans were independently driven bypromoters & directors



y People driven and People centric organization : Non bureaucratic &

result-oriented culturey HRD is customized, flexible and well planned : Personalized and

flexible individual plans for career development

y Essar learning centre : Serious commitment to Learning &

Development

y Campus Hiring : Focus on entry level, hiring from T-Schools & B-Schools

y Fast track career programmes for individuals that are high

performers : Retention bonus a key component

y Strong Employee Connect : Employee Assistance programme,

Commitment to Health & Wellness, Hobby Groups, Events &Celebrations

y Ask HR : Unique Initiative, dedicated team to solve queries

y Coaching & Mentoring initiative : Anchoring new talent with a guru

or a mentor, community of 650 coaches



y K ey learning : Accept change as an

organization grows, goes global : Systems /

Processes / Working styles / Culture

y K ey differentiator : Ability to think big and stay

united with the next generation, flexibility and

adaptability



y

India¶s foremost training facility located at Hazira,Gujarat

y Training investment of Rs.1.4 crore annually

y Tailor-made and flexible programmes : training

relevant and customized to buisness needs and

individual needs

y Technical, Functional and behavioural training :

Materials Management / E-Commerce procurement /

Transformational leadership / Communication &

Negotation skills

y Best of training faculty : Stream experts & practicing

managers

y Executive Leadership Camp (ELC) : Holistic six day

residential programme to transform junior



y Website to be Revamped : Verbose, careers section not

attractive enough

y µJoin us¶ section does not mention the current openings

y More presence on Social Media : Need for a page on

Facebook and Linkedin (Could use their monster page as

a benchmark)y Dismal 72 followers on Twitter

y Current section on Youtube with low hits and absolutely

nil comments. Need for inspirational uploads

y Need for a Campus Brand Presence : More coverage onMedia

y The Learning Academy to be better positioned : Not

adequate coverage on website and low awareness



The Team:

Mansi Diwakar - 80118110023

Nagesh Pisal - 801181100

Poulomee Bondre - 80118110010

Sudhir Joshi - 80118110042

Swaroop Shah - 801181100

final hrm 05062011 - essar group

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