these changes as the catalyst for performance that they could be. In an international energy survey, 64.7% of companies cited that training and developing their existing workforce is how they plan to overcome skills gaps associated with industry advancements. To do so, a complete understanding of current skills and abilities is essential. This visibility enables you to: • Plan strategic upskilling, reskilling, and cross-skilling programs • Quickly transition your workforce to meet new regulatory or client-related requirements • Track workforce development targets for emerging skills and technologies • Capture market share, win work, and retain customers with a competent, qualified, and deployable workforce. • Prove to customers your workforce capability with validated employee skills profiles • Increase prices with a more in-demand work force Regardless of the services you offer today or in the future, focusing on operational skilling is crucial to maintaining business operations and managing the risk that naturally occurs with industry and market changes.
Prioritize Safety and Compliance
Strategic ESG efforts are increasing due to the growing attention from customers, governments, investors, and executives on organizations' environmental, social, and governmental impacts. Research from McKinsey shows that ESG creates value in five ways: top-line growth, cost reduction, reduced regulatory and legal interventions, increased employee productivity and uplift, and enhanced investment and asset optimization. To achieve this value creation, organizations must have plans to maintain the commitment to ESG standards and mitigate the potential risks. The ESG Industry Report Card ranks oil and gas organizations at the highest level of exposure for environmental risk, nearly the highest level for social risk, and an above-average level for governance risk. In an industry that is changing rapidly and at such high levels of risk, organizational plans should center around keeping the workforce skilled
and compliant at all times. As a strategic plan, operational skilling gives you visibility into compliance levels across your workforce. Deploy the right resources to the right jobs and when compliance levels don't meet requirements, understand what training and development programs to initiate to target these lapses in compliance. Without strategic skills data, you increase the likelihood of violations and potentially catastrophic damages occurring on the job site. Operational skilling embeds compliance and safety into every aspect of your organizational culture, ensuring a continuous approach to training and development and keeping your organization adept in accomplishing organizational goals or adjusting to changing regulations.
Workforce Skills Are the New Currency
The volatility of the energy industry can completely disrupt your operations, your organization's competitiveness, and your workforce's efficiency. As you strategically plan how to combat these challenges, update your competency assurance programs, using operational skilling as your skills strategy. It's time to up your game with attracting, onboarding, training, developing, and retaining your workforce. Skills are the new currency that underlines each of these challenges, and operational skilling is the process that can facilitate change. ..................................................................................................... Jai Shah is the CEO and Co-founder of Kahuna Workforce Solutions. With over 25 years of experience in architecting and implementing software solutions, Jai is passionate about connecting HR with Operations through applied technology and rich data solutions. He specializes in guiding the development of skills management applications that actually make a difference to end-users and delivers value to business operations.
WellServicingMagazine.com
21
