While companies across the world are going slow on hiring due to the slowdown in the global economy, the state-run Coal India Ltd (CIL) is all set for a massive recruitment drive next year.
The company will recruit more than 2,100 executives in 2012, after hiring above 1,200 this year.
“We have recruited 810 executives in 2011 through open recruitment and another 420 through campus placements. In 2012, our plan to induct 1,000 through open advertisement and another 1,100 through campus placements,” said R Mohandas, director of personnel and industrial relations, CIL. The company, which was staring at a manpower shortage was earlier looking to induct 1,500 each for next three years through means of departmental promotions, open selection and campus recruitments.
“Our attrition rate is not too high at 7 per cent, but nearly 750-800 officials retire every year, which is a big issue. We cannot take all at one go also,” he added. The manpower gap in executive level was around 4,000 in the firm. As of November 2011, the company’s executive wing comprised of about 17,829 officials, out of the total 3,75,337 employees — which included supervisors and workmen, who were numbered at 34,397 and 3,23,111 simultaneously. The new openings are for various divisions including human resources, finance, marketing and sales.
Based on the advertisement for open recruitment this year, the firm had got 1,46,000 applications out of which over a 100,000 appeared for the test and 2600 were called for the final interview.
“We will invite applications for open recruitment will be invited by March 2012,” he said. The firm had posted a net profit of Rs 10,867. 45 crore in 2010-11, posting a 12.9 per cent rise compared to Rs 9,622.45 crore during the last financial year.
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New price regime
The Kolkata-based Maharatna company is also set to usher into a new era of pricing by benchmarking coal on the basis of its gross calorific value (GCV) from January 1, 2012.
The firm had said that the transition to GCV pricing would be in phases to assist sectors that are having huge discounts now.
Among the major producers of coal globally, India is the only country which is not following the GCV system.
The move is expected to lead to a gradual rise in Indian coal prices to international level.