Many sectors have been influenced by COVID-19 and the GCC petrochemical industry has not been spared. The industry has seen demand for certain products drop and cost containment measures have become top priority for management teams, including assessments of people costs.
However, while crises force companies to shift their focus towards more tactical topics and short-term impact, they also tend to accelerate change, particularly in terms of the adaptation of technology. At the same time, people are uncertain and in addition, this particular crisis has had a severe impact on the way lots of us go about our day-to-day work.
This sets the scene for well-managed companies with mature HR practices to use the current downturn as an opportunity to positively impact their employees’ engagement, as well as prepare themselves for the Future of Work.
In this webinar, Mercer and Oliver Wyman discussed the short-term implications of COVID-19 but concentrated on how companies can pivot towards a more strategic, future focused view by re-organizing their HR activities and priorities.
Get to know more about the webinar here.
The webinar was hosted by GPCA (Gulf Petrochemicals & Chemicals Association).