Coal India to revamp recruitment and training system; plans to appoint consultants
Coal India faces a vacuum in its middle and senior management that is a matter of worry for the state-run miner because senior executives are retiring without passing on the knowledge to their successors. This has prompted the company to completely revamp its recruitment and training system. It is also planning to appoint consultants that will provide an estimate on the optimum number of management cadre employees and then help in succession planning.
“High rate of superannuation, around 750 a year, from the middle management and senior management positions is a serious threat to the knowledge base of the organisation that has been created over years,” said R Mohan Das, director-human resources and industrial relations at Coal India. “It is a challenge to transfer this knowledge base to the new breed of managers. The company has to put in place an effective mechanism to address the challenges.”