Professional Documents
Culture Documents
170225184902
170225184902
Company
BYCO
Group Members
Afeef Ali
Abdul Rheman
Ahsan Adil
Ahsan Khan
Haider Ali
Submitted To
Mr Moghis jalal
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Acknowledgements
We are very Grateful to God for giving us the opportunity to be the part of Iqra University and
giving us strength to avail what is required by us.
It is our pleasure to present our Annual report to our mentor Mr Moghis Jalal, Without his
efforts, motivation and support it was impossible for us to complete this report.
We pay utter commemoration to Our Parents for their love and care
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Executive Summary
BYCO Petroleum Pakistan Limited was incorporated in Pakistan as a public limited company
on January 09, 1995. It was founded by MR Pervez Abbasi. Its major business is refining and
distribution of petroleum products in Pakistan. It has two refineries both located in HUB,
Baluchistan.
The following report concludes brief overview of BYCO’s HR system. How it works and what is
the importance of HR in BYCO
BYCO has total of 800 permanent employees in which 9 are HR personnel, There head is MR
Iqbal Haris. HR employees perform duties like recruitment, appraisal, Training, Compensation
and salary and Succession planning
BYCO’s follows a standard procedure for recruitment, BYCO do not uses outsourcing to recruit
permanent employee where as for labors the scenario is totally opposite.
BYCO has a standard appraisal system. They do appraisal twice in year and they use bell curve
and online appraisal as a tool for PMS
For training BYCO conducts Training need analysis and preserves data in TNA data base.
BYCO uses both outsourcing and IN house training programs. Most of the budget is spent on
Public programs and international training
BYCO also follows a standard procedure for succession planning. To train successors of
executives.
BYCO has developed HR system which helps it to perform his duties fluently
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Table of content
Contents
1. Introduction................................................................................................................................5
2. Head Count and Departments/ business Units ..................................................................................6
3. The Role of HR Business partner.............................................................................................7
4. Organization Chart ..................................................................................................................8
5. Industrial relation and Union ......................................................................................................... 11
6. Recruitment and Selection ......................................................................................................... 12
7. Separation Process ........................................................................................................................ 13
8. Performance Management ............................................................................................................. 14
9. Training and Development ............................................................................................................ 15
10. Succession and career planning.................................................................................................... 16
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1. Introduction
1.1 Back ground
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1.2 Vision
to be a leading energy company through delivering the core business, achieve
sustainable productivity and profitability to deliver a superior shareholder return.
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1. Strategic roles
Advisory
Policy Making
Forecasting
2. operational duties
recruitment
compensation and salary
Appraisal
training
3.2. Does BYCO has HR business partner?
Yes BYCO has HR business partner
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4. Organization Chart
Board of Directors
Miss Diana Brush Mr Ovais mansoor, Richard Legrand Mr Marc Angst, javed AKbar
President
General manager
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3. Executives
Derek Alan Lawler
Chief Executive Officer
4. Legal counsel
Shahana Ahmed Ali (Group head legal)
5. Internal Audit
Naveed Aslam Hashmi (Head internal Audit)
6. Auditors
KPMG Taseer Hadi and Co. (Chartered accountants)
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Workforce
IT
Resources
Budgeting
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BYCO uses Unitarism approach to deal with his Industrial relation issues. In which the
organization is perceived as an integrated and harmonious whole with the ideal of "one
happy family", where management and other members of the staff all share a common
purpose, emphasizing mutual cooperation. Furthermore, unitarism has a paternalistic
approach where it demands loyalty of all employees, being predominantly managerial in
its emphasis and application.
Consequently, trade unions are deemed as unnecessary since the loyalty between
employees and organizations are considered mutually exclusive, where there can't be two
sides of industry. Conflict is perceived destructive and result as poor management.
Any employee in BYCO has a right to present his problem to the management, They call
it the open communication system
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1. BYCO does Head-count planning and forecasting for one year. There fiscal year
starts from July and end in June. BYCO sends “Man Power Budgeting form”
three months before July to different departments, Man Power Budgeting form
has queries regarding to the Man Power required and Current man power. Each
department has to fill the form, Forms are collected and compared to predict the
head count for following year.
6.2. Recruitment Process
1. CV’s of candidates are collected from different mediums
2. CV’s are shortlisted on the basis of the qualification, Job experience, and
Requirement of department
3. CV’s are send to the department to have a look on it which is then send back to
HR department after affirmation to schedule time of interview
4. Shortlisted candidates have to appear in the Academics and IQ test. Successful
candidates approaches to next level
5. Screening Interview is conducted by both HR and Line manager to shortlist.
6. After Interview employees are offered Job and terms of Job.
7. Probation period in normal scenarios is three months whereas it could vary to six
months depends on designation
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7. Separation Process
7.1. What is your Job Exit procedure?
1. An employee must give resignation before 1 month notice period, In some cases
notice period is 3 months which varies from designation to designation
2. Employee has to approve his resignation form from his immediate supervisor who
then sends his request to HR department
3. HR department further sends his request to Payroll department
4. HR department issues a clearance form which the employee has to fill from whole
organization, This is to check that whether he has any damages claim over him or not
5. After submission of clearance form, exit interview is conducted by HR department. In
which questions regarding to resignation are asked
6. Employee’s funds are deducted if he resigns before Notice period
7. Company only wave off Notice period penalties if case of employee resignation is
severe
8. Termination is done only on disciplinary actions, Employees are asked for forced
resignation by choosing resignation and getting certificate
9. No severance pay are offered to employee on termination
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8. Performance Management
8.1. What is the frequency of appraisal process and how do
employees and line managers engage themselves in setting objectives
and achievements of the same?
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