The Hindu Business Line : ONGC for better perks to arrest attrition

Visakhapatnam, Oct. 14 ONGC is making efforts to impress upon the Government the need to provide attractive remuneration packages to employees, as the public sector company is facing problems of attrition and poaching by the private sector oil companies, according to Dr. A.K Balyan, the Director (HR).

He was addressing a press meet here on Saturday evening after the conclusion of the three-day meet on HR policies in ONGC.

He said there was an urgent to need bridge the gap between the wages paid by the private companies and the PSUs.

“We are also on a large recruitment drive and are formulating attractive policies to retain the trained employees,” Dr Balyan said ONGC would recruit 1,500 employees this year and it would continue for the next three to four years.

“We are also welcoming back employees who have quit the ONGC in certain critical disciplines. Quite a few employees who have quit ONGC and joined the private companies are disenchanted with the latter and are coming back. We have received 400 such applications and of them we have shortlisted 130 or so. Twenty-six will be taken back immediately.”

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