Atul Ltd 2017-18

Atul Ltd | Annual Report 2017-18 Human Resources The Company continued with its drive to institutionalise and upgrade its HR processes to help build a more robust workforce capable of managing dynamic and growing business needs. In particular, it focused on improving its processes related to Integrated Development, Performance Management, Succession Planning and Recruitment. During 2017-18, on an average, 3.5 mandays of training was imparted. The training needs are identified based on self- assessment, L+1 assessment, 360 degree feedback and Individual Development Plan; in addition, there are certain standard in-house and external Management Development Programs (to enhance functional and behavioural competencies) which an employee is expected to go through, depending upon his (her) grade and potential. The process of identification and review of Targets and Initiatives is becoming more robust and is continuously upgraded. Succession planning process is being enhanced so that, to the extent possible, people from within take up higher responsibility. The Company is strengthening its recruitment process that supports appointments of Executive Trainees, Management Trainees and mid-career managers. The number of employees (as on March 31, 2018) increased by 20 from 2,434 to 2,454. Marketing and Research and Development functions have been further strengthened (15% of new recruits belong to these functions). Long-term settlement with the Union at Ankleshwar site expired in 2017-18, and discussions are underway to arrive at an amicable settlement. Employee Relations at all locations remained cordial and progressive, and the endeavour is to completely eliminate any divide that separates managers and workmen and use the strengths of everyone to enhance the performance of the Company.