Stung by the growing attrition level, India’s largest power generation company NTPC Ltd has begun to court its former employees and hopes to convince around 50 engineers to return to its fold.
NTPC has, over the last one year, lost 100 engineers, to firms such as Tata Power, Reliance Energy Ltd and Lanco Infratech and expects the figure to double to 200 by 2012. The power major expects the attrition levels to rise significantly once the private sector power projects are fully operational and they start luring away its operations and maintenance engineers.
The company, for the first time, booked advertisements in the news dailies specifically targeted towards bringing back its old employees, making it the second public sector unit (PSU) after Oil and Natural Gas Corporation to do so.
“As we regularly get a lot of feelers from our ex-employees who explore opportunities for returning, we decided to use it as a part of our recruitment strategy. Though it is difficult to hazard a guess, we are expecting 40-50 senior engineers to join us back,” says G. K. Aggarwal, executive director, human resources.
NTPC proposes to almost double its present generation capacity of 27,404MW in the next five years and then plans to ramp this up to 75,000MW by 2017. In order to achieve this ambitious target, the company is planning to recruit 7,000 employees—of which around 5,600 will be engineers—in the next Plan period (2007-12).
The top management at the power major believes that the new approach will help it in meeting two objectives: of meeting the employee requirement for its expansion and diversification programme, and also help it save on time and training on fresh graduates.
The power major has a current employee strength of 25,000, of which around 18,750 are engineers. “Our recruitment requirement is across all functions and levels. We plan to recruit 1,800-2,000 employees in the current year,” Aggarwal added. While the company plans to induct fresh graduates at entry levels, it is targeting ex-employees for middle and senior positions. The company is recruiting employees from the engineering colleges and also through an all-India test for the entry levels. “We are also going to the Indian Institute of Technologies and National Institute of Technologies,” Aggarwal said.
Even though the PSUs are governed by standardized pay structures, which are not so attractive as those offered by the private sector, NTPC is considering a proposal to introduce differential salaries to its engineers to retain them as reported by Mint on 10 March.