A new report by maritime research specialist Thetius, with insights and analysis of anonymized data from Ocean Technologies Group (OTG), has highlighted that having a robust human capital management (HCM) strategy in place is vital to attract and retain the talent the industry needs.
HCM goes beyond traditional crewing or HR approaches to workforce management. It is a long-term, strategic, and data-based approach to managing both seafarers and shore-based personnel to deliver sustained business success.
Thomas Zanzinger, CEO for OTG said: “Shipping is a people-orientated industry; skilled maritime professionals, both ashore and onboard, keep the world moving. We see time and again that companies taking a holistic approach to managing their workforce, and those that value and recognize excellence are the ones that excel. A good HCM system will enable a company to connect the dots, but it needs to be supported with a well-defined company culture, a data-driven approach to recruitment and onboarding, and a commitment to supporting people to achieve their potential.”
Thetius founder Nick Chubb added: “Everyone broadly agrees that ship operators need to view their people as an investment rather than a cost, but that is easier said than done. HCM is about giving leaders the tools to be able to justify those investments through a data-driven approach to recruitment, onboarding, training, performance, and retention. This report shows that if ship operators employ a human capital management approach as a core part of their strategy, they will retain talent, improve operational efficiencies and future-proof their business.”
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