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
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