Balancing the people equation—how enhanced collaboration can help solve labour challenges in the LNG industry
Geoffrey Cann A and Steve Giles ADeloitte.
The APPEA Journal 54(2) 499-499 https://doi.org/10.1071/AJ13072
Published: 2014
Abstract
The operating environment of the LNG industry is increasingly complex as companies must balance the management of present and expected growth amidst growing economic uncertainty, volatile commodity prices and increasing environmental and regulatory pressures. Additionally, growth in the industry is shifting workforce challenges and shaping human capital trends. These workforce challenges include:
attraction and retention of talent;
labour and skills shortages;
managing employee turnover/retention;
compensation expectations; and,
productivity and employee engagement.
As long as projects address this problem individually, the prospects for retaining skilled employees, improving sustainable productivity and driving labour costs down are limited. A collaborative industry approach is required to minimise risk and cost for all, while still providing ample employment and development opportunities in the sector. This extended abstract explores industry collaboration as a means to addressing labour challenges, it presents evidence about how the Canadian Oil Sands industry approached this issue, and it discusses people collaboration opportunities for Australian LNG.
Geoffrey Cann is the National Director of Oil and Gas in the Brisbane office of Deloitte Australia where he focuses on helping oil and gas, coal seam gas and LNG companies address their growth, talent and productivity challenges. He has twenty-four years of management consulting experience gained through engagements in Australia, Canada, the United States, Hong Kong, China, Korea, Japan and the Caribbean. Geoffrey holds numerous publications to his name, presents regularly on Strategy topics and has been a guest lecturer at the MBA program at the Haskayne School of Business at the University of Calgary. He is active on Twitter @geoffreycann, and writes a regular blog on the LNG industry at http://gecann.wordpress.com |
Steve is a Director in Deloitte’s Human Capital practice and has a primary focus in supporting strategic human resource initiatives in the energy and resources sector. His experience includes operating model reviews, organisational design, talent management and workforce planning and strategies. |
