4. HUMAN CAPITAL

General aim: “Capitalise on human resources”

ACHIEVEMENTS:

• MOL Group has been recognised numerous times at an international level for its HR programs. Commendations include the United States-based ERE Recruiting Excellence Award for Freshhh and Growww talent acquisition programs, the Asia Employer Branding Institute’s Training & Development Excellence Award, and the Leadership 500 Award by HR.com for MOL’s ‘LEAD’ leadership development program.
• MOL Group launched an integrated IT platform for performance management, career and succession planning and development planning as part of its Annual People Cycle The state-of-art cloud solution enables improved talent management across MOL Group and contributes to the achievement of the company’s goals.
• A new international Exploration and Production talent acquisition program (UPPP) was launched in 2014. A total of 972 teams entered the program from various countries, including Pakistan, the Kurdistan Region of Iraq, the UK, Hungary and Croatia. The new, three-phase program is designed to make sure that MOL benefits from the talent pipeline in a very technical field where there has been a global shortage of professionals.
• To address Exploration and Production-specific challenges, a comprehensive program has been initiated. The HR workstream relies on technical job families with the ultimate objective of shortening Time-to-Autonomy and accelerating the delivery of Group E&P strategic objectives.

CHALLENGES:

• Attracting professionals with a geoscience and/or engineering background to secure a steady supply of talent for sustained growth.
• MOL Group recognizes that the professional development of the petroleum-related workforce is crucial to its future success in the oil & gas industry.