-75%
Solution
Increased Employee Engagement
For a company like Saudi Aramco that is within a competitive industry, a robust leadership development program creates higher levels of employee engagement. Engaged employees are more likely to be highly motivated, committed and aligned with organisation’s objectives (CIPD, 2020). The positive effect of an increased amount of engagement would be to reduce turnover rates which would save Aramco from recruiting costs and the training of new employees. Increased retention also helps keep that workforce both stable and experienced towards maintaining operational efficiency and safety standards. While more engagement is a good thing, it can also create further expectations of career progression and professional development for employees (Cotton, 2019). This could lead to discontent if it is not managed properly, where expectations are not met.
Better Organisational Output
Another benefit is the improved output of the organisation. An evidence-led leadership and management development programme create a culture of high performance, allowing teams to perform more effectively to exceed targets. It strengthens environment of innovation and efficiency by promoting improved decision making, enhanced communication, and sound conflict resolution. Generally, with increasing productivity the standard of work also improves resulting in higher customer satisfaction and perhaps an increase in market share (CIPD, 2023b). Nevertheless, the program might initially put strain on resources as staff adapt to new practices and expectations to produce improved output. Furthermore, there may be resistance to change from those who are used to the traditional way of doing things.
Summary
Increased employee engagement would be the most important benefit for Saudi Aramco. Improved output directly influences profitability and growth, but engaged employees create a sustainable organisational culture that helps sustain long-term success. High engagement leads to responsiveness and innovation, which are the factors necessary for the dynamic energy sector (Cotton, 2019). By leading with the needs of engagement and focusing on leadership development that will support a committed workforce able to take on the future’s challenges, Saudi Aramco can help its business reach its full potential.
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