5 Reasons Why Corporate Communication Is Important
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…
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Importance of Training Needs Analysis
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…
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What are the Most Common Types of Tender and Tendering Process?
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…
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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…
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Understanding API 936 – Refractory Personnel
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. …
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6 Levers to Reduce Decommissioning Costs
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 30% or…
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11 Key Principles in Integrating Human Factors in Organisational Change
Estimated reading time: 8 minutes The business environment today is highly volatile, and organisations need to adapt to the latest trends in order to succeed. With rapid advancements in technology, the way organisations do business changes as well. Aggressive competition in in the industry adds continuous pressure for top organisations to change in order to reach business goals. What is organisational change? Organisational change is not just changing what’s done, but also how it’s done and the structure around it. It includes all personnel, process and system-related changes to either directly or indirectly affect the control of…
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Emergency Response and Safety Courses in Singapore and Malaysia
Estimated reading time: 7 minutes Safety is important to everyone and especially so for the oil and gas industry. As one of the most dangerous industries, it is important for organisations to have a comprehensive and thorough safety programs and procedures in place. A recent report submitted by the International Association of Oil & Gas Producers indicated that these safety programs has led to an 8% drop in the fatal accident rate. The combination of powerful equipment, flammable chemicals and processes that are under high pressure can lead to hazardous and even deadly incidents, which means that the…
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How to choose the suitable Training Provider for you/your company?
Estimated reading time: 5 minutes The benefits of training are abundant; from improved employee performance, improved employee morale, increased productivity and adherence to quality standards to reduced employee turnover, it is no surprise there has been an increase in training budget to 43% in 2019, as compared to 35% in 2018. Plus, 27% of the organisations faced budget constraints for training in 2019 as compared to 32% in 2018. This shows the increasing importance of learning and training within organisations. Therefore, with this increasing focus on training, it is important that you know what to look out for…
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Importance of Pipeline Pre-Commissioning Operations
Estimated reading time: 3 minutes LEARNING THROUGH OTHER’S EXPERIENCES It has always been the case that we try to gain from other people’s experiences, be they positive or negative. In industry, we do not always have the opportunity or the time to personally experience all aspects of a particular situation. The execution of pipeline projects is no different. Few have the chance to take a project from proposal through all phases of engineering, procurement, construction and completion for commissioning representing either as the project developer or the executing engineer or constructor. Even fewer of those that have this somewhat…
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