ongc higher management recruitment

8/7/2019 Ongc Higher Management Recruitment

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1

THE RECRUITMENT PROCESS

External Environment

Internal Environment

Human Resource Planning

Alternatives to Recruitment

Human Resource Planning

Internal Sources

Internal Methods

External Sources

External Sources

Recruited Individuals



2

Methods Used in InternalRecruiting

� Job Posting

� Employee Referrals



3

External Recruitment Methods

� Advertising

� Employment Agencies -

Private and Public

� Recruiters

� Job Fairs/Virtual Job

Fairs

� Executive Search Firms

� Internships

� Professional

Associations

� Walk-In Applicants

� Open Houses

� Event Recruiting

� Sign-on Bonuses



Succession Plan at GE

� In 1994, years before he retired from GE, Jack Welch had startedthe succession planning process. He developed a list of qualities,skills and characteristics a CEO should essentially have. So, GE wasready for its next CEO, years before it finally had to make thedecision in 1999. GE had three candidates - Jeff Immelt, W James

McNerney and Robert L Nardelli. All three were ideal candidatesand aspirants for the top job. All three exceeded every expectationrequired. Finally, the youngest of the three, Immelt was chosen. InNovember 2000, GE announced that Jeff Immelt would succeedJack Welch as the chairman and CEO of the company. W JamesMcNerney and Robert L Nardelli, moved on as the CEOs of 3M and

Home Depot, respectively. All leaders and companies can takeinspiration and should devise succession plans, the Jack Welchstyle.



Selection Example of Asst. V.P.

Responsibilities:

� Leading a team of 13 member UK LEC team in Mumbai

� Legal Entity Control is responsible for ensuring theintegrity of the financial results of the legal entities inthe location and ensuring business booking in the legalentities complies with the applicable regulatoryrequirements. The LEC ensures that other functionalareas execute their identified responsibilities in amanner that maintains the accuracy of the books andrecords and escalates issues to the SFO or Regional

Controller.� Development and motivation of the India LEC team,

including objective setting and performance appraisals



� Managing relationship with the London basedLegal Entity Control Team

� Identification and appropriate escalation of issues

to the Local Manager and to the UK LEC team� Leadership in managing departmental

relationships with India Operations and the EMEABusinesses

�

Participation in cross training initiatives withinthe LEC team and the lines of business

� Process improvement through automationinitiatives



Selection Criteria

� Chartered Accountant with 8-10 years experiencepreferably with financial services industry andexperience of US GAAP.

� Strong team player with good people managementskills

� Excellent communication and organizational skillsincluding good judgment and decision making abilities

� Excellent interpersonal skills necessary to work

effectively with a variety of individuals, departmentsand organizations

� Strong control mindset



� Self starter with ability to take initiative and constantlychallenge the process

� Ability to multi-task complex requirements underconsiderable time pressure, whilst maintaining a high

degree of accuracy and quality� Enthusiastic, with a positive can do attitude

� Strong PC skills including MS Excel, MS Word, MS Accessand Lotus Notes.

� Investment Banking product knowledge including

derivatives, equities and debt securities would be anadvantage

� Knowledge of GL platforms used in J.P. Morgan Chasewould be an advantage



ONGC chairman selection

� Government headhunters (similar to executive search firm)PESB(Public Enterprise Search Board) was selected to selectthe new chairman of ONGC.

� After shortlisting 13 candidates, it selected ONGC Director

Sudhir vasudeva for the post of chairman, and RK Tyagi(chairman of helicopter firm Pawan Hans) was named asthe second choice.

� However, two letters reached the CVC (central vigilancecommittee) , leveling serious accusations against Vasudeva.

�However, it was found out that the two letters were forged,but still the CVC has put the appointment on hold and hasappointed an interim chairman for the time being



ONGC Promotion Scheme

�

LevelExperience Required

For Next Promotion

Existing Pay Scale

(Pre-revised)E1 TO E2 4 years E2 Rs. 13,750-18,700

E2 TO E3 5 years E3 Rs. 16,000-20,800

E3 TO E4 4 years E4 Rs. 17,500-22,300

E4 TO E5 &

SUCCESSIVELYHIGHER

LEVELS (SELECTION

ON MERIT)

Subject to the number

of available vacancies.

3 years

E5 Rs. 18,500-23,900E6 Rs. 19,500-25,600

E7 Rs. 20,500-26,500

E8 Rs. 20,500-26,500

E9 Rs. 23,750-28,550

ongc higher management recruitment

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