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Atul Ltd | Annual Report 2016-17
Human Resources
The Company continued with its drive to institutionalise and upgrade its HR processes, to help build a more robust workforce
capable of managing dynamic and growing business needs. In particular, it focused on improving its processes related
to Integrated Development, Performance Management and Succession Planning.
The process of identification
and review of Key Initiatives is
becoming more robust and is
continuously upgraded. During
2016-17, on an average, 5.1
man days of training was
imparted. The training needs
are identified based on self-
assessment, L+1 assessment;
360 degree feedback and
Individual Development Plan;
in addition, there are certain
standard in-house and external
Management
Development
Programs (to enhance functional
and behavioural competencies)
which an employee is expected
to go through, depending upon
his (her) grade and potential.
The number of employees (as on March 31, 2017) decreased by 31 from 2,465 to 2,434. The Marketing and
Research and Development functions have been further strengthened (24% of new hires belong to these functions).
The increase in numbers in Marketing and Research and Development has been more than offset by the reduction in numbers
in Manufacturing.
Long-term settlement with the Union at Ankleshwar site is expiring in 2017-18, and discussions are underway to arrive at an
amicable settlement. Employee Relations at all locations remained cordial and progressive, and the endeavour is to completely
eliminate the divide that sometimes separates managers and workmen and use the strengths of everyone to enhance the
performance of the Company.