Establishing a Competency Development System to Improve Return on Investment in Training

摘要

With recent record industry growth luring more technological resources to the challenges of drilling for hydrocarbons, greater numbers of people need to be hired and trained to higher technical standards than ever before, in ways more efficient than in the past. For service providers as well as for operators, these circumstances required a significant investment in training. "The world of energy is evolving rapidly. The young and the talented, sensing the scale of the challenge and its importance to society, are beginning to sit up and take notice. Unless we can evolve and adapt rapidly in a way that attracts this talent into our organizations, these young people will find other places to follow their passion; and we will run a real risk of actually becoming the dinosaurs that too many young people believe we are today." Meggs (2007). This paper discusses how investment in training can be improved by establishing a Competency Development System of technological and procedural elements applicable across a wide array of service offerings. "The only asset that a business has for gaining a sustained competitive advantage over rivals is its workforce - the skills and dedication of its employees. There is no other sustainable competitive advantage in the modern, high-tech, global economy." Robert B. Reich (former US Secretary of Labor).