Human Resources

Human Resources Policy

Turcas Human Resources management aims to develop, adopt and sustainably implement human resource practices that support the long term investment strategies of the Company, create value for all stakeholders, and are target oriented and innovative.

Committed to valuing human capital and employee satisfaction as the key to success, Turcas aims to: i.) add manpower with appropriate knowhow and competency into its structure; ii.) support the personal and professional development of its staff in an ongoing manner; and iii.) develop a corporate culture based on high quality standards and efficiency where personnel who have different viewpoints cooperate and create value.

In order to achieve corporate targets, the Company embraces the core values that the business is based on, and which it will maintain, develop and pass on to future generations, while aware of its responsibility to society and in compliance with the Company’s code of conduct.

The Company pays attention to diversity among its workforce and potential candidates without discriminating on the basis of race, color, faith, ethnic or national origin, religion, gender, marital status, age or disability.

Turcas aims to create a rewarding environment that encourages proactive working at all levels of the organization, while building a high performance team. With target based management and performance assessment, the Company plans and conducts its employees’ career and competency development.

In addition to wages paid in conformity with applicable laws and regulations, the Company also provides the following side benefits:

  • Paid leave
  • Health insurance
  • Marriage benefits
  • Food and transportation

In addition, the Company complies with the criteria in Articles 3.3.3, 3.3.4, 3.3.5, 3.3.6, 3.3.7, 3.3.8, 3.3.9 of the Capital Markets Board’s Corporate Governance Principles Communiqué.

Personnel

Turcas Petrol employed a total of 52 personnel – 22 female and 30 male employees – as of December 31, 2016.

Shell & Turcas Petrol, in which Turcas Petrol holds a 30% direct stake, and its subsidiaries and affiliates employ 546 staff members, of whom 158 are female and 388 male.

ATAŞ Anadolu Refinery, in which Turcas Petrol holds a 5% direct stake, employs 60 personnel, of whom three are female and 57 male.

RWE & Turcas South Power Generation, in which Turcas Petrol holds a 30% direct stake, employs 61 personnel, of whom 14 are female and 47 are male.

Turcas Kuyucak Geothermal Power Generation, in which Turcas Petrol holds a 92% direct stake, employs 21 personnel, one of whom is female and 20 of whom are male.

Some 81% of Turcas Petrol personnel hold a graduate or postgraduate degree. The workforce’s average age is 31, while the average age of the staff in management and senior management positions is 47.

Compensation And Collective Bargaining Agreements

Turcas Group embraces the following principles in remuneration policy management:

  • Being fair
  • Being transparent
  • Basing remuneration on measurable and balanced performance targets
  • Encouraging sustainable success by rewarding its employees
  • Complying with the Company strategies, long-term targets and effective risk management principles.

Turcas Petrol A.Ş. is not a party to any Collective Labour Agreement.

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