fbpx

5 Methods for Measuring Succession Planning

3rd April 2020
6tips-for-succession-planning

Estimated reading time: 6 minutes Succession planning is the process of identifying and developing new leaders who are able to immediately replace leaders when they leave or retire. Essentially, it is the planning for the continuity of leadership by developing internal people who have high potentials of filling up the key business leadership positions in a company. Managing the succession of talent is a vital strategic process that minimizes gaps in leadership and enables your best people to develop the skills necessary for possible future roles. Succession planning has many benefits, especially for employee engagement. A research showed that 94% of employers report...

Read More

5 Tips to Work from Home the Right Way during Pandemic

31st March 2020
5tips-Work-from-Home

Estimated reading time: 6 minutes 5 Tips to Work from Home the Right Way It’s been a while since World Health Organisation announced Covid – 19 coronavirus a pandemic, which has forced companies around the globe to change their work setting. As the number of cases are rising drastically day by day, keeping in mind the safety of the people, more and more companies have asked their employees to work in a home setting. As the situation doesn’t seem to be getting better anytime soon, work from home will become the new normal for many people. For a lot of...

Read More

Difference between Demurrage and Detention

25th March 2020
Demurrage and Detention Fees

Estimated reading time: 6 minutes For those in the business of shipping, delays can be costly. It is common practice for ship-owners to charter vessels in return for freight. When calculating freight, ship-owners take into consideration the period of the charter. Therefore, where a ship-owner has calculated freight based on the time for which the vessel will be in the charterer’s possession and the charterer is then delayed, the owner will lose profit. However, the law provides the ship-owner with a possible remedy. For a shipper, the words “demurrage” and “detention” both mean the same thing in the end –...

Read More

What is the Contractual Structure of EPC Contracts?

25th March 2020
Contractual Structure of EPC Contracts

Estimated reading time: 7 minutes   EPC (Engineering, Procurement and Construction) contracts is a common form of contracting agreement found in the Construction and Oil and Gas industry. The engineering and construction contractor will carry out the detailed engineering design of the project, procure all the equipment and materials necessary and lastly construct to deliver a functioning facility or asset to their clients. Companies that deliver EPC projects are commonly referred to as EPC contractors. The reason why EPC contracts are popular is due to its features and the way it is structured such that both project owner and contractors...

Read More

5 Reasons Why Corporate Communication Is Important

24th March 2020
Importance of Corporate Communication

Estimated reading time: 6 minutes Corporate Communications is the way a business communicates with internal and external users – this includes customers, your targeted audience, internal staff and key stakeholders. The increasing importance of corporate communication underscores the need for organisations to be strategic when communicating. According to this Towers Watson study, companies with highly effective communication practices enjoy 47% higher total returns to shareholders compared to organisations with poor communication. With the advancement in technology, corporations need to adapt to the new ways of communications. With innovations in internet and social media, companies can now provide timely information and become an...

Read More

Importance of Training Needs Analysis

17th March 2020

Estimated reading time: 6 minutes In today’s competitive work environment, employees are required to be skilled in order to perform complex tasks in an efficient, cost-effective and safe manner. Training is an essential part when employees are not performing up to a certain standard of performance. The ultimate goal of any business is to be more profitable and companies who invest in training have experienced 24% higher profit margins, according to Huffington Post. The difference between the actual level of job performance and the expected level of job performance indicates a need for training. A research done by go2HR shows...

Read More

What are the Most Common Types of Tender and Tendering Process?

11th March 2020
Types of tender and Tendering Process for Bid Management

Estimated reading time: 6 minutes     A well-defined bid management and tender process provides a positive evaluation approach that is mutually beneficial to both suppliers and vendors. A wholly balanced and highly efficient bid and tender management process improves the quality of the supply chain while reducing costs and managing risks.   What is Tendering? A tender is a submission made by a prospective supplier in response to an invitation to tender. It makes an offer for the supply of goods or services. As procurement routes have become more complex, tenders may be sought for a wide range of...

Read More

Understanding IEC 61511 and IEC 61508 Standards for the Process Industry

9th March 2020
Understanding IEC 61511 and IEC 61508 Standards for the Process Industry

Estimated reading time:  6 minutes     Process Safety is defined as a disciplined framework for managing the integrity of operating systems and processes handling hazardous substances through application of design principles, engineering, and operating practices. It aids in the prevention and control of incidents that have the potential to release hazardous materials or energy. It is first introduced by OSHA and looks at all the processes involved in handling, using, storing, moving, or manufacturing highly hazardous chemicals (HHCs). For many years, Process Safety has been a constant challenge to all stakeholders in the industry including plant owners, regulators and social communities. Process...

Read More

Understanding API 936 – Refractory Personnel

9th March 2020
API 936 Refractory Inspection Code

Estimated reading time: 5 minutes   The API 936 Refractory Personnel certification is an industry-recognised certification for inspectors in the industry. It sets the standard for inspectors who are trained in refractory systems, as they hold the knowledge of API STD 936 Refractory Installation Quality Control Guidelines. API 936 certification, valid for a 3-year term, raises the bar of competence for qualified personnel, who have adequate knowledge regarding installation, inspection, testing and repair of refractory linings. It provides the industry with a prequalified set of individuals prepared for the job and readily identifies those who are qualified to do the job.  ...

Read More

6 Levers to Reduce Decommissioning Costs

5th March 2020
Offshore Decommissioning

Estimated reading time: 7 minutes   Decommissioning is the process of ending offshore oil and gas operations at an offshore platform and returning the ocean and seafloor to its pre-lease condition. With a huge number of offshore rigs expected to reach the end of their production cycle over the next ten years, the global need for technical decommissioning specialists is expected to keep growing, with annual spending projected to reach $13 billion within the next 25 years.   As per governments orders, oil and gas operators worldwide are required to cut down on the costs of decommissioning wells and installations by...

Read More
HTML Snippets Powered By : XYZScripts.com