The workforce of energy and resources companies is a significant contributor to both costs and company performance.
HR departments have realized the importance of investing in initiatives and technologies that can provide the data required: how they are paying their employees, what characteristics are best related to high performance or retention, to continually align their compensation strategy.
Over the past few years, energy and resources companies have had to shift their priorities to adjust to economic and geopolitical events directly impacting the industry. Unpredictable global price swings that seesaw revenues have led to cost-cutting across all departments, putting pressure on their ability to compensate and retain their workforce.
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