SROL Wins Big! Celebrating Excellence in Innovative Labour Practices

Segilola Resources Operating Limited (SROL) has once again proven its dedication to excellence, winning the prestigious CIPM Oscar Award for HR Best Practice in the Mining Sector. This accolade solidifies SROL's reputation as a leader in innovative and inclusive labour practices. Here's how SROL is making a mark in the mining industry.

Setting the Standard: What the Award Means for SROL

The CIPM Oscar Award, launched in 2012, is a coveted recognition of excellence in People Management and Organization Development. Celebrating professionals and organizations excelling in Strategic HR, Talent Development, Employee Engagement, and Diversity & Inclusion, this award is a significant achievement for SROL. For the company, it signifies:

• Recognition of Excellence: A testament to SROL's dedication to outstanding performance management, setting an industry benchmark in achieving organizational goals.
• Enhanced Credibility: Reinforcing trust in SROL's operations among stakeholders, including investors, clients, and the community.
• Motivation for Continuous Improvement: Inspiring SROL to keep refining processes and strategies, fostering a culture of innovation.
• Talent Attraction: Strengthening SROL’s appeal to top talent, with recognition as a leader in employee development and engagement.
• Competitive Edge: Highlighting SROL’s commitment to best practices in compensation, rewards, and performance management.

SROL’s journey to this award is driven by a commitment to inclusive and growth-oriented labour practices. Pioneering efforts to upskill women for roles traditionally dominated by men in mining, SROL has made significant strides in advancing diversity and inclusion. The company offers comprehensive training and capacity-building programs to help employees grow their skills and progress in their careers, supported by a robust total rewards package to attract and retain top talent.

SROL’s practices go beyond the standard, aligning with both local and international HR policies. The Segilola Gold Mine is proud to be one of the largest employers in Osun State, with 98% of its workforce being Nigerian, 44% from Osun State, and 28% directly from the local host community. This exceeds the commitments outlined in SROL's Community Development Agreements (CDAs), making the mine a model for local employment and empowerment.

This recent award adds to a string of successes for SROL and its parent company, Thor Explorations Ltd. Earlier this year, Thor Explorations was recognized with the Responsible Resourcing Award at the 2024 Mining Indaba Conference, commending the innovative labour practices implemented at the Segilola Gold Mine. This shared dedication to responsible sourcing, capacity building, and ethical practices has garnered local and international acclaim, underscoring the positive impact SROL aims to make in the mining sector.

Looking Ahead: Building on Recognition

Winning the CIPM Oscar Award is just the beginning. SROL is determined to continue innovating and enhancing its HR practices. Future plans include:

• Enhanced Communication: Amplifying the company’s commitment to excellence across all stakeholder engagements.
• Continuous Improvement: Using insights from the award process to identify areas for growth, ensuring ongoing enhancements in standards.
• Strengthening Stakeholder Engagement: Sharing the success of this award and fostering collaboration with stakeholders on future initiatives.
• Investing in Training and Development: Continuing to invest in staff training, performance management, and promoting innovation.
• Benchmarking Best Practices: Learning from industry leaders to adopt best practices and benchmark performance.
• Sustainability Initiatives: Exploring sustainable HR practices that align with award criteria, paving the way for further accolades.

The award ceremony held on Tuesday, October 15th, 2024, at the Chida Event Center in Abuja. SROL is excited to celebrate this achievement with its dedicated team and other distinguished professionals in the field.

To learn more about SROL's innovative labour practices and other achievements, visit our website and discover how we're shaping the future of mining in Nigeria and beyond.