Coal India goes the private sector way, will follow merit-based promotion policy to retain talent
In a bid to retain talent, Coal India and its subsidiaries are planning to implement a performance-based approach rather than a seniority-based one by December 2015. The move is undertaken to dissuade talent from moving and thus affecting the company´s production target, which the state-run organisation envisions to double from about 500 million tonnes now to a billion tonnes in the next five years.
´Coal India needs to revamp the promotion policy to stress on the merit system and fast track promotions of high potential executives. High growth needs to be backed by high performance. Such individuals and teams should get preference over average or non-performers,´ said R Mohan Das, director human resource and industrial relations. However, it isn´t easy to shift from a traditional seniority-based culture to a performance-driven one, and the officers´unions, for instance could be a major hurdle.