Improving Labour Productivity in a Constrained Maket
04 May 2016
38 Station Street
‘Achieving an Optimal Return on your Remuneration Spend’
The business environment has changed from that experienced during the boom of recent times, with organisations no longer able to rely on rising prices to increase their earnings. Accordingly labour productivity is seen as one of the key methods to improve business performance.
Whilst a plethora of research and theory is available on how to improve labour productivity, what is lacking is a practical and transparent approach to implementing an improvement agenda.
The session will be facilitated by Sherif Andrawes, Corporate Finance Partner and the Chairman of BDO in Perth. Sherif is Lead Partner of BDO Australia’s Natural Resources Group and a member of BDO’s International Natural Resources leadership Group.
Head of BDO Reward Services, Allan Feinberg, will discuss BDO’s propriety approach to labour productivity drawing on some of the work currently being undertaken with Fortescue, and outline how every organisation can develop their own productivity agenda without compromising business sustainability.
Linda O'Farrell, Senior Human Resource Executive, Fortescue Metals Group will discuss some of the productivity initiatives successfully implemented by Fortescue and how this contributed to a reduction of operating costs by almost 50% in 12months, to an average of USD16ton 1HYF16.
Key session takeaways:
*The BDO Labour Productivity Framework – a market first.
*Productivity lessons learnt from an industry leaders perspective
*‘Quick win’ productivity improvement initiatives
*Generating productivity gains which translate to improved bottom line results
*Proven productivity improvement initiatives from a practical perspective
Linda O'Farrell - Senior Human Resource Executive, Fortescue Metals Group
Linda O’Farrell is a senior human resources executive with 18 years’ experience in the Western Australian resources sector. During her career Linda has held executive roles for leading resources companies including BHP Billiton Iron Ore and Mount Gibson Iron. She is now leading the People function for Fortescue Metals Group (FMG). Linda was also awarded The Chamber of Minerals and Energy WA Women in Resources Champion for 2015.
Allan Feinberg - Managing Director, BDO Reward Services
Allan is a thought leader in remuneration, is a published writer, and is co-author of the Remuneration and Reward Series. He has worked across many organisations and sectors that include mining and metals, construction and engineering and utilities. Previously, Allan was the founder and Managing Director of AUSREM, a boutique remuneration consulting practice that was acquired by Mercer.
Add event to my calendar