Our skilled workforce
The number of employees working at Nostrum Oil & Gas PLC currently totals 989, with 944 of those based in Kazakhstan. This makes us one of the largest employers in the Batys province. In addition to our assets and representative o ces in Kazakhstan, we have offices in Amsterdam, London, St. Petersburg and Brussels. We are proud to employ a diverse workforce and believe that this contributes to the success and sustainability of our business.
Nostrum is committed to promoting diversity in its workforce at all levels. It is our belief that diversity in age, nationality and gender is key to the Group’s success and sustainability. We are encouraged by the gender diversity in the newly created team of divisional heads and hope that this will support ambitions for greater gender diversity within the senior management team which, following a restructure earlier this year, is now all male.
Remuneration and growth rate in salary
Nostrum offers competitive remuneration packages to its employees and operates in full compliance with all regulatory bodies, guidelines and requirements.
|Average number of full-time equivalent employees in Kazakhstan||838||907||961||1021||938|
|Change in average monthly salary of employees in Kazakhstan %||28%||6%||21%||12%||26%|
Under the terms of the PSA with the Government of Kazakhstan, we are required to adhere to an accrual of 1% per annum of the field development cost relative to the Chinarevskoye field. We also adhere to training obligations under the Rostoshinskoye, Darjinskoye and Yuzhno- Gremyachenskoye subsoil use contracts.
Total training cost in 2016: US$1,616,106
Total number of training days in 2016: 17,488 days Number of employees benefitting from education and training programmes in 2016: 845 individuals
Case study – Scholarships
Nostrum provides educational grants and financial support to assist employees and their children to attend university and college. Higher educational assistance is available on a preferential basis to students who have received academic awards and those who have successfully passed their admission exams to educational institutions. The Company can also award educational fellowships on a discretionary basis.
The following local personnel training programme has been achieved in 2016.
Employee relations and social guarantees
Relations with our employees are a key priority for our business and we consider them to be strong. To date, we have not experienced any work stoppages, strikes or similar actions. We offer effective social guarantees in the following areas:
- Pension fund
- Medical assistance and care Insurance plans
Nostrum Code of Conduct and Human Rights
Nostrum is committed to maintaining a Group-wide culture that recognises international standards of human rights. Meeting our responsibility to respect human rights is critical to the growth and sustainability of our Company. The Nostrum Code of Conduct sets out certain principles that guide business conduct and provide a non-exhaustive outline of what Nostrum considers permissible conduct by its employees. These principles include provisions relating to human rights and diversity in the workplace. Violations of this Code of Conduct may result in disciplinary action, including dismissal from employment, or criminal prosecution.
A copy of our Code of Conduct is available on the Group’s intranet in both Russian and English and can be downloaded from our website: www.nog.co.uk.
Modern Slavery Act
Following the coming into force of the Modern Slavery Act 2015, we conducted a review of the terms of our operational supply contracts entered into by the Group’s operating subsidiary, Zhaikmunai LLP and updated them to include a provision requiring all suppliers to comply with the Code. All such suppliers are provided with a copy of the Code when entering into any supply agreement with the Group. The updated terms of supply also oblige a supplier to the Group to ensure that any associated person who is performing services or providing goods in connection with their contract with the Group does so on the basis of a written contract which imposes on and secures from such person terms equivalent to those imposed in the Group’s standard supply contracts. The aim of this provision is to mitigate risks of slavery and human tra cking occurring further down the supply chain.
Additionally, the updated terms of supply also oblige suppliers to annually certify in writing their compliance with the Code and to provide any supporting evidence of compliance that the Group may request.
We have a whistle-blowing policy which takes into account the Whistle-blowing Arrangements Code of Practice issued by the British Standards Institute and Public Concern at Work and which applies to all individuals working for the Group at all levels and grades, whether they are senior managers, directors, employees, consultants or contractors. The whistle-blowing policy sets out details of three compliance liaison officers that speak a variety of languages for the purposes of reporting any concerns. The whistle-blowing policy is also mentioned in the Code and a person who reports any matter in good faith will be protected against any sanctions. A copy of the whistle-blowing policy is available on the Group’s intranet in the both Russian and English and on the Company’s website: www.nostrumoilandgas.com/en/corporate-governance.
At the time of writing we have received no reports under our whistle-blowing policy of forced/involuntary labour or human tra cking in relation to our business or supply chains.
For further details please see our website: www.nog.co.uk