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From March 11 to March 13, Sinochem International held the 2008 human resources work meeting themed with "Improve overall HR management awareness and standards, ensure fulfillment of company strategic targets". The meeting summarized and analyzed the progress and existing problems in HR management areas by the Company, proposed directions and working principles of HR management improvement, and deployed major tasks in 2008.
Luo Dongjiang, Chairman of Sinochem International, and General Manager Zhang Zenggeng attended the meeting and delivered important speeches. Senor executives of the Company and heads of all business divisions and functional departments as well as representatives from some subordinate companies participated in the meeting in response to invitation.
With the rapid development of businesses, Sinochem International is facing challenges in human resources management area. First, there is gap between the demand of strategic transformation and human resources supply, and talent structure needs to be further improved; secondly, against the background of massive entry of multinational companies, market competition is intensifying, the scramble for talents is becoming even fiercer; thirdly, echelon setup is not well developed, there is a shortage of key staff, which restrains strategic progress of the Company; fourthly, talent drain is continuing, talent retaining and development mechanism need to be developed; fifthly, the integration of M&A enterprises is facing cultural and management challenges; sixthly, oversea business expansion poses high demand to localized talent management system. During his speech, Zhang Zenggeng pointed out that it was necessary to regard the existing problems in work in a correct manner, differentiate the general and individual nature of problems. The company s human resources management must clarify two criteria; one is well-developed system, regardless of management of labor relation, performance management, talent recruitment, or remuneration incentives, it was necessary to set up a multi-level human resources management system capable of being applied in all aspects of the Company and suitable for the Company's management culture and framework. The other is effective implementation; this not only involved HR personnel, but also was the responsibility of all members of the company including team members, leaders of all business divisions and functional departments. HR work in 2008 should resolve talents reserve problem, strengthen performance management, stress training, in order to offer safeguard to the strategic transformation of Sinochem International. Mao Jianong, Managing Deputy General Manager, on behalf of the company explained the directions and working principles of the Company in human resources improvement in future period, deployed overall targets and highlights of human resources management in 2008, clarified the responsible entity of human resources management was heads of all departments, and demanded HR staff members to provide specialized support to all departments and help departments promote the fulfillment of strategic targets. During the meeting, Hewitt and Mercer, two international consulting companies, also held two training courses of "Performance Target Setup" and "Competency Model" for meeting participants. |
