Boskalis_CSR_report__2016

Care for human capital CSR 2016 – Boskalis 46 Our field of work is largely project-based and knowledge intensive. Talented, enterprising and highly skilled employees are the key to our success, which is why talent management plays a crucial role in the way we operate our business. Talent management encompasses all the activities we develop in the areas of recruitment, performance management, training and development, and compensation and benefits. All our efforts in these areas are aimed at ensuring the best possible match between our employees’ skills and the qualifications needed to execute our business plan and our strategy. After a few very busy years the market outlook for Boskalis has changed drastically as a result of continuing low energy and commodity prices. Because we expect these market conditions to persist in the coming years it is essential that we adapt to this new situation. We therefore pursue a selective recruitment policy which is geared to market demand. PERFORMANCE MANAGEMENt An important part of developing talent consists of recording and supporting the personal development of our staff. In 2016, as part of our HR information system Workday, we started rolling out the performance management module, so that the entire performance management cycle is now conducted in a uniform and interactive way. The majority (83%) of our employees are given an annual or semi-annual performance review. TRAINING AND DEVELOPMENT Trainee program for young talent As a leading international company that undertakes high-profile projects, we hold a great attraction for young people. We offer a trainee program for graduates with a technical or financial/ economic background, who are further trained at our company under the supervision of a mentor. They are introduced to a wide range of our business activities and follow training modules to increase their knowledge and develop their personal skills.

Talent management

A group of 25 trainees is currently gaining experience on various projects in different teams within the divisions during three six-month periods.

Young Professional programs

In order to develop our knowledge and expertise, we attract experienced young professionals. In addition, we invest in developing the competencies of our own young professionals, for example in the areas of planning, calculation, risk management and contract management. Our training portfolio is constantly developing so that we can continue to meet the needs in the market. In 2016 we once again selected a group of young professionals for the Boskalis Offshore Professional Program, which involves imparting knowledge specific to the offshore sector in modules based on actual Boskalis projects. In addition, a group of cost engineers continued their two-year post-graduate degree, combining their learning experiences with working practice. Boskalis also launched an ICT Young Professional program, in which a group of employees are taking part. The program is aimed at giving an impulse to the further professionalization of the ICT department. Leadership and personal development are a constant point of attention within the organization. Developing personal leadership, building an internal network and encouraging innovation and entrepreneurship are important core values in our management development programs. From February to December 2016, a group of experienced tender and sales managers participated in the Boskalis Contracting Academy program aimed at optimizing their expertise on tender and sales management. Boskalis also started preparations for a new Boskalis Operational Development Program (BODP). This program is scheduled to start early 2017. The BODP target group consists of around twenty project managers from the divisions Dredging & Inland Infra, Salvage and Offshore Energy. The two main subjects of the program are personal leadership and project management. Management Development programs