Strategic Talent Management in the Oil and Gas Industry
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INTRODUCTION
Identifying, developing and retaining your talent has never been more important for the oil and gas industry with the ever changing economic market. An organisations 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. So The Oil and Gas Industry is facing a human resource problem of unprecedented scale with various disciplines reporting that within 5 years they will see over 50% of their workforce retiring, taking with them all that knowledge and expertise. Known as the 5/50 issue, this, along with current global market forces, there has never been a more imperative time for the industry to address its talent management strategies to ensure continued sustainability and growth.
In this course, you will gain insight into innovative talent identification methods, develop targeted grading structures, review and develop competency , behavioural 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 organisation, you will learn about the 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 and Succession planning as a key differentiator in an organisations’ success and how this is achieved. Finally you will also learn how to create sustained growth through active succession planning and strategy in order to ensure positive career paths and development for talent and high potential employees
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COURSE OBJECTIVES
At the end of this course you will be able to:
- Adopt new perspectives around talent management and high potential identification
- OCR (Organizational Capability Reviews) as a key differentiator in an organizations’ talent success and how this is achieved
- Develop key strategies to optimize your talent and high potential employees
- Engage and employ robust talent strategies within the complex multi-discipline oil and gas industry
- Understand the mechanisms to define talent, as well as manage your talent and high potential
- Produce develop effective and functional succession planning strategies
- Lead and manage OCR (Organisational Capability Review) meetings to ensure pro-active succession for sustained growth
- Apply leading edge, methods and techniques of aligning Business Strategy and Talent Management
- Develop robust, workable process and systems to identify, develop and retain your talent and high potentials
- Implement pro-active development strategies to ensure your talent and high potential achieve their optimum performance
- Provide clear strategic direction to optimize your talent and high potential pipeline to provide continued sustainable growth
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COURSE AUDIENCE
This course is made for
- Recruitment Officers and Managers
- Retention and Compensation Personnel
- HR, L&D and Talent Professionals
- OD Specialists
- Those who wish to develop their leadership knowledge and skills in strategically managing, developing and retaining talent and high potential people
- Training Managers
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COURSE OUTLINE
Day One
Defining and Attracting Talent in the Oil and Gas Industry
- Talent Management – Overview and Background
- Talent / High Potential – Defining the Criteria
- The Complex Dimensions of Oil and Gas Demographics
- Talent Options – Recruit External or Grow Internal
- Aligning Talent Management with Organisational Development (OD) and Business Strategy
- Utilising Workforce Planning and other Sources of Data
- Attraction Strategies – Use of Media and Other Channels
Day Two
Creating Your High Potential Talent Pool
- Talent Management Models, Grading and Structures
- Assessment Methods and Systems – Use of Psychometric / Behavioral / Competency Frameworks
- Conducting an Effective Talent Gap Analysis
- ABC Model of Potential – Getting the Criteria Right
- Using the 9 Box Grid, and other Methods to Create Your Talent and High Potential Matrix
Day Three
Developing Your Talent and High Potentials
- Defining High Caliber Development Options
- Conducting an Effective Performance Discussion
- Creating Individual Development Plans
- Powerful Feedback Techniques: Motivating Individuals to Achieve Higher Potential
- Coaching for Success
Day Four
Retaining and Sustaining Your Talent and High Potentials
- Career Paths – Guidance for Growth
- Using Mentoring Programmes to Develop and Retain Your Talent
- Reward Strategies – Intrinsic and Extrinsic Incentives to Motive Your Talent
- Managing Expectations and Delivering Workable Outcomes
- Growth Rotation Development (assignments, experience strategies)
- Creating a Sustainable Talent Pipeline
Day Five
Strategic Succession Planning and Organisational Capability Review
- Defining Your Bench Strength
- Succession Planning and the OCR Process
- Conducting Effective Calibration Meetings
- Formulating a Strategic Talent Plan for the Organization in-line with the Business Strategy
- Communicating the Strategy to the Board and the Company
- Conclusion and Review
