IEF 2nd HR Symposium MAY 2017 BP Secret until 28th February HR Implications of the New Physical Energy Market Environment Dr. Simon Ashley HRVP BP Supply & Trading Key Features of the New Physical Energy Market for HR 1. 2. Drop in physical energy prices – lower for longer Long Term Energy Transition to Lower Carbon 3. 4. Evolving workplaces & attitudes to work / employment Digitisation of work & data insight BP - New Ways of Working Returns focus New Business Models • Safety continues to be number one priority • Learning from the past Bio and low carbon products Advanced mobility • Culture of cost discipline • Networking and collaboration across our industry Core business Pow er storage • Benchmarking outside our industry • Digitisation and use of technology Digital transformation Carbon management New ways of working • New behaviours • New skillsets • New structures The HR Response Digitised HR Operational Excellence Simple & Standardised HR Processes Leadership, Engagement & New Capabilities HR Capabilities Summary The future of our industry is bright, but different A more cost effective HR will be delivered by Digitisation & Standardisation HR has a critical role; delivering new capabilities and enabling new ways of working 5
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