We all have heard the expression “our people are the main asset of the organization” and yet not too many organization implement what they say. When companies are struggling to be competitive and revenues and profits are down the first thing the company board will do is to make people redundant. These are the people which the company have invested in terms of money and time.
“Recently, I was asked if I was going to fire an employee who made a mistake that cost the company $600,000. No, I replied, I just spent $600,000 training him. Why would I want somebody to hire his experience?”
Another quote by Renee West in relation to Talent Management is the following:
“You can have the best strategy and the best building in the world, but if you don’t have the hearts and minds of the people who work with you, none of it comes to life.”
Talent management is an organization’s ability to recruit, retain, and produce the most talented employees available in the job market. Talent consistently uncovers benefits in these critical economic areas: revenue, customer satisfaction, quality, productivity, cost, cycle time, and market capitalization. Having good talent management is when one has good skills, knowledge, cognitive abilities, and the potential to do well. Talent management is also an important and necessary skill for people in the workforce to acquire. Finding good and talented people is not a hard thing to do, but making sure that they want to stay working for the same business is the challenge. If someone has so much talent and they are good at what they do, businesses will want them to stay and work there forever. However, most of those people are either satisfied with the job they have, or they go out and look for better opportunities.
Where to focus?
With the ever-changing economic market, it been become more important to Identify, develop and retain your organizational talent. This is very true with the volatile & uncertain oil & gas industry. An organization’s best and most valuable asset is undoubtedly the people; as it’s the people who operate the systems, the equipment and who can really make the difference between growth or failure. Losing or not being able to recruit the best talent can have a disastrous impact on an organization’s growth and sustainability. A popular seminar developed by GLOMACS’ experts will teach you the key talent management processes, systems and procedures to apply these in the multi-complex and diverse Oil and Gas industry.
On this Strategic Talent Management training seminar, you will gain insight into innovative talent identification methods, develop targeted grading structures, review and develop competency / behavioral frameworks as well as how to grade and assess your talent/high potentials with the effective use of psychometric tools and other assessment methods. In addition, you will define critical development options ensuring the correct development for talent in the organization. You will also learn how to create sustained growth through active succession planning and strategy to ensure positive career paths and development for talent and high potential employees.
What should you expect?
- Alternative and new perspectives around talent management and high potential identification
- Methods and techniques of aligning Business Strategy and Talent Management in the complex multi-discipline Oil and Gas industry
- Appropriate process and systems to identify, develop and retain your talent and high potentials
- Pro-active development strategies to ensure your talent and high potential achieve their optimum performance
- Strategic direction to optimize your talent and high potential pipeline in your organization to provide continued sustainable growth
- Succession planning as a key differentiator in an organisations’ success and how this is achieved
What should you do next?
Join one of our next groups attending this increasingly popular course that will be held in Dubai and other centers around the world. We would like to welcome you to share your thoughts and ideas with other experienced managers in a lively, interactive experience that you will find challenging and stimulating.
To find out more about GLOMACS courses, or to discuss the “Strategic Talent Management in the Oil and Gas Industry“ with one of our Consultants, please do not hesitate in contacting us.
This is an article written by Dr. Jamal Stephan, a Senior Consultant with GLOMACS who has more than 35 years’ experience as a Strategic Advisor. He is an Analytical, innovative, and results-oriented Strategic Corporate Planning and Performance Management Executive with extensive experience leading to successful execution of Business Strategies, 5 years Business Plans and Performance Contracts with the Boards of Directors using Balanced Scorecard and Developing Dashboards. Jamal worked as in-house consultant for the National Oil Company in the United Arab Emirates ADNOC (Abu Dhabi National Oil Company). He is a certified Key Performance Indicator (KPI) Professional by the KPI Institute as well as a certification in Strategy Execution. In addition, his expertise covers the successful Development and Implementation of HR Processes and Systems including Change Management, Leadership, Career Ladder, Employees Personal Development Plans and Succession Planning and Employees Appraisal Systems. He conducted several summits and seminars in the above-mentioned fields.