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Sustainability

Essar Shipping - Sustainability Report 2010-11

Essar Shipping - Sustainability Report 2010-11

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Our PeopleThe following gives a snapshot of our priorities and performance in FY11 and future targets.Priorities Result achieved TargetEmployee engagement Achieved an Engagement score of 54 Increase our employee engagementin a third party survey carried out in score to 70% by Introducing newFY09. In dip stick survey carried out engagement initiatives andin FY11 the engagement score rose strengthening the existing ones.to 61. The measurement of theAdditionally, increase communicationengagement was derived from the and involvement at all levelsfollowing parameters: Recognition, Pay,Career Opportunities, Work Activities,Performance Management, Polices,Benefits, Work Life Balance, Training &Development, Resources , PhysicalWork EnvironmentFocus on identifying, nurturing and 31 High Performance and High Identification of key critical positions,growing internal talent potential candidates in the identification of right successors,senior and middle management cadre building the leadership pipelineidentified through a range of developmentalactivities; enhanced focus onindividual training needs in alignmentwith the business objectivesTraining 1.63 days per employee Increase the number to 3.5 days peremployeeIn addition to the above, the following priorities have been identified for FY12Priority Key action Key TargetEffective Management of People Introduce e-compass for shore based Systematic cascading of the annualPerformances through linkage with employees and e-PMS for floating and business plan to all employees inbusiness results and motivation drilling crew order to align employee's KRAs tothrough rewardsthe business objectives and makeclear the performance expectations.Introduce innovative rewards &recognition schemes to enhanceemployee motivation - By March'12Internal Customer satisfaction Carry out the employee survey Achieve a minimum score of 70%surveytwice a year to judge theorganizational climate39

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