Human Resources Policy
Turcas Human Resources management aims to adopt and sustainably implement target oriented and innovative human resource practices that support the long term investment strategies of the company, and create value for all stakeholders. Committed to valuing human capital and employee satisfaction as the key to success, Turcas aims to include adding manpower with appropriate know-how and competency into its structure, supporting employee’s personal and professional development in an ongoing manner; and developing a corporate culture based on high-quality standards and efficiency where employees 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. Turcas values 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 work at every level of the organization, while building a high-performance team. With target-based management and performance assessment, the Company plans and conducts employee career and competency development. In addition to legally paid wages, the Company also provides the following side benefits:
- Paid Leave
- Health Insurance
- Marriage Benefits
- Maternity Benefit
- 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.
Human Resources Implementations
Employee Assistance Program: Turcas offers services in the following areas as part of the program:
- Psychological Counselling
- Legal Guidance
- Crisis/Critical Situation Management
- Social Life and General Information Services while also organizing healthy lifestyle seminars for employees, which will benefit them in their professional lives as well as private lives.
Internal Communication Group “Synergistic Actions”: An Internal Communication Group, under the Synergistic Actions corporate identity, was set up to conduct activities that will support the corporate culture, increase communication between staff members, boost employee motivation and loyalty to the Company, strengthen teamwork, and ensure workflow productivity. In the Internal Communication Group, which started operating in 2014 and is staffed by employees with the necessary experience, knowledge and skills to help form and develop relevant projects, there is an “Employee Representative” who is democratically elected for the purpose of receiving the expectations of employees through a representative who then shares them with the team.
Employee Experience and Loyalty Research: The Company conducts an “Employee Experience and Loyalty Research” in order to bolster the corporate structure and achieve sustainable success, by understanding the importance of identifying staff needs, expectations and elements that increase motivation.
The Employee Experience and Loyalty Research is a study that is conducted with a systematic method and approach, and is structured to reveal any possible factors that impede and/ or increase the workforce’s contentment and job satisfaction; the attitudes and value judgments pertaining to work; and the corporate culture. This research is conducted to contribute to the “development” of management and the organization, and strategies, aims, roles, talents, policies, and procedures (but not individuals) are evaluated in the research.
The results uncovered by the research help determine the necessary steps and priorities to increase employees’ job satisfaction, foster loyalty to the Company (corporate belongingness), and boost motivation levels. Research results also aid in creating development plans and putting them into operation.
The Internal Customer Satisfaction and Organizational Compliance Research is conducted internally to measure the productivity of departments that interact with each other. The Research is instrumental in revealing problems experienced within inter-departmental coordination and identifying the improvement needs in these processes. The main goal is to create high internal customer satisfaction by ensuring the internal workflow and relationship management, thereby boosting productivity.
Turcas Petrol employs a total of 51 personnel consisting of 21 female and 30 male employees, as of December 31, 2019.
Shell & Turcas in which Turcas Petrol holds a 30% direct stake, and its subsidiaries and affiliates employ a total of 530 personnel, 158 of whom are female and 372 are male.
ATAŞ Terminal in which Turcas Petrol A.Ş. has a 13.1% total ownership - through 5% direct and 8.1% indirect stake - employs a total of 72 personnel, 8 of whom are female and 64 are male.
RWE & Turcas South Power Generation, in which Turcas holds a 30% direct stake, employs a total of 51 personnel, 8 of whom are female and 43 are male.
Turcas Kuyucak Geothermal Power Generation, in which Turcas Petrol A.Ş. holds a 100% stake, employs a total of 46 personnel, 3 of whom are female and 43 are male.
84% of the employees hold a graduate or postgraduate degree. The workforce’s average age is 39, while the average age of the staff in management and senior management positions is 44. Key positions in the Company have been identified, and efforts are currently underway to identify and develop potential candidates to back up these critical positions. Turcas priority is to plan for the training and development of employees with a goal of carrying the Company into the future.
Remuneration and Benefits
Turcas embraces the following principles in remuneration policy management:
- Being fair
- Being transparent
- Basing remuneration on measurable and balanced performance targets
- Encouraging sustainable success (rewarding employees and promoting competition)
- Complying with Company strategies, long-term targets and effective risk management principles.
The Human Resources Department is responsible to the Award, Appreciation and Remuneration Committee for preparing, issuing, updating and effectively practicing the guidelines related to the principles and procedures of remuneration.