Succession & Retention of Offshore Managers Essay

Succession & Retention of Offshore Managers - Essay Example The current problems and challenges of the global environment will also be taken into consideration. The case study for this research is Technip UK Ltd, the UK subsidiary of the Technip Group based in France. However, this case study will be supplemented with research obtained from two more organizations, to benchmark Technip, as well as provide a basis for comparison of HR practices. The two organizations selected for this purpose are Saipem SPA and Stolt Offshore M.S. Ltd, a UK Company. The author seeks to broaden his knowledge in key areas of HR, especially in the retention of a skilled and competent workforce within a rapidly expanding market where demand for personnel is outstripping availability, and risk factors have complicated this task. The author also seeks insight into the challenges associated with maintaining a globally diverse, international personnel base for engineering projects. The following manger has assured his support. Through the benchmarking exercise with its main competitors, this research study aims to arrive at a relevant examination of Technip’s human resource practices and whether it is enhancing recruitment and retention, or proving to be a detriment. Since all the three firms will be faced with similar challenges in the global environment, benchmarking will be useful to establish specific problems or good practices at Technip. Major investment (Â £100 million + per unit) in new Diving vessels by Technip UK Ltd and its main competitors will mean that recruitment and retention will be key to competitive advantage and building distinctive capabilities. Following an introduction and background to the subjects being researched, the third chapter will provide a literature review. Chapter five will discuss the research methodology and the results will be analysed in chapter six. Chapter 7 will contain recommendations for improvement and conclusions. This research study will employ a qualitative