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Tullow Oil plc 2011/2012 Corporate Responsibility Report - The Group

Tullow Oil plc 2011/2012 Corporate Responsibility Report - The Group

Tullow Oil plc 2011/2012 Corporate Responsibility Report - The Group

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Our peopleBEING THE BESTWE CAN BE, TOGETHERAt <strong>Tullow</strong> we’re committed to providing our people with a diverse and open workingenvironment that encourages everyone to make a difference.STRATEGIC IMPORTANCEHaving the freedom to innovate and contributeto finding the best solutions to opportunities andchallenges provides a compelling attraction andretention proposition. Harnessing this creativeenergy and motivation into building high-performingteams drives our vision of ‘being the best wecan be, together’.HIGHLIGHTS FOR THE YEAR26%Our total workforce increased by 26% in <strong>2011</strong> to1,548 people by year-end. Employee numbers grew29% to 1,207 people.371371 new people were recruited by <strong>Tullow</strong> in <strong>2011</strong>,37% of which joined our African operations.3.2%Staff turnover in <strong>2011</strong> was 3.2%, which was withinour baseline target.81%Our overall Talkback engagement score was 81%favourable, significantly above the energy benchmark.A rewarding, challenging and great place to work<strong>The</strong> industry looks on <strong>Tullow</strong> very differently now to how itdid a few years ago, and that’s a credit to all of our people.In <strong>2011</strong>, our employee numbers grew by a further 29% withour workforce now totalling 1,548 worldwide. As we continueto build our organisational capacity, we remain absolutelycommitted to maintaining our entrepreneurial character andliving our core values. This year we updated our business modelwhich is outlined on pages 12 and 13 of this report to reflectour strategic priorities. Our organisation and culture underpinsthe delivery of our vision through building strong, effective andintegrated teams with excellent commercial, technical andfinancial skills and entrepreneurial flair. To do this, we continueto attract the best talent, invest in the development of ourpeople and ensure high engagement and collaborationamongst our teams.CULTURE & ENGAGEMENTTalentmanagementOperationaleffectivenessReward &recognitionDETAILED PERFORMANCE INFORMATIONOn page 54 of this report you will find more detailedinformation on <strong>2011</strong>/<strong>2012</strong> performance againstobjectives as well as <strong>2012</strong>/2013 objectives.<strong>Tullow</strong> people diarieswww.tullowoil.com/peoplediariesOur people strategyMuch of our success has been based on the adaptive andentrepreneurial nature of our culture, which is also reflected inour core values. Our culture is part of our competitive advantage.It strongly influences why people join <strong>Tullow</strong> and why they chooseto remain with <strong>Tullow</strong>. Our people strategy is fully aligned withachieving our vision by ensuring that all our employees contributethe best they can in all that they do and conduct themselves withrespect for each other and for the people and the environments wework within. Our HR strategic objective is very clear. It is to growvalue over the long-term for the business as the ‘employer ofchoice’ within the industry.68<strong>Tullow</strong> <strong>Oil</strong> <strong>plc</strong> <strong>2011</strong>/<strong>2012</strong> <strong>Corporate</strong> <strong>Responsibility</strong> <strong>Report</strong>

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