Task 3, Step 1

I chose the company TNK-BP. TNK-BP is a major oil company that is constantly growing. The key benefits of working in TNK-BP include:

· A unique combination of lasting experience in Russia and best international practices

· Contemporary management system

· Transparent and flexible compensation system that includes performance-dependent bonuses. Comprehensive package of social benefits.

· Broad professional development / career opportunities

· Well-developed and structured training system

· Rigorous HSE requirements

TNK-BP has adopted a unified compensation and incentives framework based on standard grade system using the Hay points approach, which is applied by many world majors. Each of the positions within the Company have been assessed and graded by these criteria. Each grade corresponds to a range of salaries, which is adjusted for the relevant region of operations and local market conditions.

Benefits provided to employees are developed and reviewed on an ongoing basis.

Additionally, our Short-Term Incentive Program aligns an employee’s annual bonus to his/her personal contribution and to the annual performance of his/her unit.

The performance and personal contribution of every TNK-BP employee ensure the long-term success of our Company as a whole. This is why we consider it so important to attract top-class specialists and managers on the market, who share our Corporate values: Leadership, Effectiveness, Safety and Integrity.

The Candidate Screening System includes the assessment of professional competencies in the relevant discipline, as well as evaluation of Corporate competencies. It is important for us that our employees:

- Are responsible;

- Demonstrate integrity and ethical behavior;

- Are proactive and lead other people;

- Are able to build partnership relations;

- Improve themselves and the Company;

- Can organize work effectively;

- Ensure success;

- Make best decisions;

- Comply with norms and standards;

- Prevent HSE risks;

- Are intolerant to violations.

Since this is a big and well-developed company they need employees with different areas:

SEARCH CRITERIA

DISCIPLINES

Administrative SupportAudit
Capital projectsCommercial
DrillingFacilities engineering
Finance and economicsGeology and geophysics
Government and public relationsHealth, Safety, Environment
Human Resources managementIT
Legal supportManagement and leadership
MarketingMechanical engineering for refining
Power in upstreamProject management
Quality management and business process reengeneeringRefining automation
Refining technologyReservoir management
Sales, trading and logisticsSecurity
Supply ChainTranslation support
Well Interventions

YOUNG SPECIALISTS

TNK-BP is committed to attracting and contributing to the professional development of the most talented young specialists – for employment within the company itself and the oil industry at large. Expanding organizational potential is extraordinarily important to the company’s stable long-term growth, and this understanding lies at the base of all work with young specialists.

TNK-BP has created a dedicated training program for young specialists, the Three Horizons program, which provides a single standard for their development at all companies within the TNK-BP group. Three Horizons is a complex of measures for the acquisition of professional and technical skills and knowledge of high priority to the company as well as personal and business qualities.

Three Horizons accepts graduates of universities and colleges who have joined the company as engineers, technicians, or in other promising capacities. To be eligible, the young specialist must have graduated no more than three years earlier. Each participant is assigned a mentor who coordinates his development throughout the entire program. Each young specialist signs a development contract reflecting the goals of his education and making it possible to evaluate the progress he has made in the program.

The Three Horizons program lasts three years, during each of which emphasis is placed on a different aspect of the young specialist’s development:

Year 1 – My Company and I – adaptation of young specialists and their involvement in the corporate culture.

Year 2 – My Profession and I – development of professional and technical skills that have been identified as having high priority.

Year 3 –My Career and I – acquisition of innovative and research and engineering potential, identification of leaders, career planning.

The program has several main components:

• Large-scale corporate events
• A corporate program for acquiring business and professional acumen
• Regional projects
• Mentoring
• Evaluation of young specialists and feedback
• Positive aspects of:

1. Pay the cost of housing and roads during
2. After three years of constant work in the company an opportunity to buy a home, as the company pays half the cost of a family
3. For the first time give the young specialist mentor.