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Talent Management During Lean Times

Abu Dhabi, UAE (November 29, 2017) – In 2017, businesses are operating in very tough economic times; oil prices are low, and business uncertainty is high. In response, many organisations workforce, cutting back on services, increasing outsourcing and cutting training budgets.

However, it may surprise you to hear that some of the world’s leading organisations are doing the opposite. Yes, they are increasing their workforce, sometimes employing the talent other short-term thinking employers are letting go. Many leading organisations are even increasing their training spend. In fact, current research suggests that over one-third of the top 100 companies report increasing their spend on learning and development in 2017 and 2018.  These are the companies that understand and appreciate the value of Talent Management.

Talent management is the process of developing and assimilating new workers, developing, and retaining current workers, and attracting highly skilled workers to work for a company. Talent can be considered as a complex amalgam of employees’ skills, knowledge, cognitive ability, and potential. Employees’ values and work preferences are also of significant importance here.

The concept of talent management has evolved into a common and essential management practice and what was once solely attached to recruitment now covers a multitude of areas including development, performance, motivation, Nationalisation, and succession planning.

A talent management system must reflective of the organisational strategy and implemented in processes throughout the organisation as a whole. It cannot be left solely to the HR department to attract and retain talent, but instead this should be the responsibility of the entire organisation.

An efficient Talent Management system has many benefits. These include:

  1. It helps the organisation fulfil its vision
  2. Increased competitiveness
  3. Better Strategic recruitment
  4. Improved retention of top talent
  5. Increased Nationalisation
  6. Happier and more productive employees
  7. Increase employee and manager engagement
  8. A talent pool to meet future needs
  9. Helps capture data for improved decision making and planning
  10. Enhances individual and group productivity

PetroKnowledge have designed an exciting course that focuses on a Training Management & Organisational Learning and incorporates practical workshop sessions that help the delegates to develop their skills and knowledge in Talent Management, Adult Learning and how to develop a Learning Organisation.

To find out more about PetroKnowledge, and enrol in one of our training programmes, contact us here.

About PetroKnowledge

PetroKnowledge, an ISO 29990:2010 and ISO 9001:2015 certified Company, is the Leading International Provider of Training Courses, Seminars and Workshops to the Oil, Gas, Petrochemicals & Energy Industries. Our expertise includes training topics on International Petroleum Business, International Oil & Gas Supply, Trading & Pricing, Management & Leadership, Contracts, Purchasing & Procurement Management, Project & Construction Management, Finance, Budgeting & Accounting, Human Resource Management, ILM Endorsed Training Courses, PMI® Registered Training Courses, Mini MBA Series, Intensive 2-Week Training Courses, New Training Courses & Seminars, Geology, Seismology & Petrophysics, Offshore & Marine Technology, Well Drilling & Completion Technology, LNG Process Operations, Refining & Petrochemicals, Mechanical & Process Engineering, Instrumentation, Automation & Process Control, Health, Safety & Environment, Maintenance Management, SMRP Approved Training Courses. Headquartered in Abu Dhabi, PetroKnowledge runs programmes in Aberdeen, Amsterdam, Athens, Barcelona, Istanbul, London, Paris, Rome, Tbilisi, Vienna, Boston, California, Houston, Miami, , New York, Toronto, Abu Dhabi, Al Khobar, Dubai, Jeddah, Kuwait City, Muscat, Jakarta, Kuala Lumpur, New Delhi, Singapore, Dar es Salaam, Luanda.
Media Contact:
Sophie Hanan
Tel. +971 2 557 7389
Email: sophie@petroknowledge.com

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