If you don’t invest in your talent, how can you expect them to shine?
Those of us in the Oil & Gas industry can rightly agree that organisations are operating in extremely tough economic times; oil prices are low, and business uncertainty is high.
In response to this downturn, many organisations seem to think that the logical approach would be to look to their workforce, cut back on services, increasing outsourcing and cutting training budgets.
Yet some of the world’s leading organisations are doing the opposite.
They are increasing their workforce, employing the talent other employers are letting go. Many leading organisations are even increasing their training budget. Current research suggests that over one-third of the top 100 companies reported an increase in their spending on learning and development in 2018 alone. These are the companies that understand and appreciate the value of training, and this is a trend that will not decline.
Understanding that talent
needs to be honed, nurtured and invested in is key. A recent report by the BBC highlighted the lack of skill within the sector; even going as far as saying there was a “skills crisis”.
Despite the need for training, and the value it brings to the workforce and organisation, there is also an institutional need to see quantifiable results. Training Managers are left struggling to “prove” the value of the training. There is, therefore, a strong case for attempting to evaluate training, particularly given the vast sums of money that are spent on it. However, there are some problems associated with the evaluation process, which also must be considered, such as how can you prove effectivness post course?
The solution? Implementing an on-going evaluation process, that enables the effectiveness of an investment in training to be appraised in turn, helping to justify expenditure on future programmes. This approach allows the effectiveness of different approaches to be compared, and enables improvements to be made, either on the next occasion or if the evaluation is ongoing, as the training proceeds. The evaluation indicates to what extent the objectives have been met and therefore whether any further training needs remain.
By attending this course, you will learn about this and other essential topics in the Mini MBA for Learning & Development Professionals in the Oil & Gas Industry course by PetroKnowledge.
To view more details and how to register for this course, email PetroKnowledge at reg@petroknowledge.com. To view the full PetroKnowledge Human Resource Management Training Courses, please click here.
ABOUT PetroKnowledge
PetroKnowledge is the leading Oil and Gas training and Consultancy Company headquartered in Abu Dhabi, and with offices in Aberdeen and Houston. PetroKnowledge works with over 500 international business, in order to deliver technical training courses that help Oil and Gas professionals to enhance their knowledge and skills as well as being kept up-to-date with the latest methodologies and technologies in the Oil and Gas market.
