Takaud, a specialist provider of savings, investment, and pension solutions for the Middle East and North Africa (Mena) region, hosted senior human resource (HR) and finance managers from large corporations in the oil and gas sector at a specialist workshop on managing savings and pension schemes.

 

All oil and gas entities and companies, including the National Oil & Gas Authority (Noga), Bapco, Banagas, GPIC, Tatweer Petroleum, Bafco and Skaugen Gulf participated in the event, said a statement.

 

The delegates to the workshop included the chairmen and members of corporate savings scheme management committees, HR managers, compensation and benefits specialists, payroll managers, and finance and treasury professionals.

 

The workshop was the first of its kind in Bahrain for corporations with existing or planned employee savings and pensions schemes. 

 

It represented a unique opportunity for these large companies to come together and share their experience in using well-established employee-benefit-management procedures and strategies.

 

Luc Métivier, chief executive officer, Takaud, said: “Bahrain’s oil and gas sector has consistently been at the forefront in business excellence and the development of employee-benefit schemes.

 

“As a Bahraini business, we are greatly impressed by the expertise and experience of these in-house scheme managers and administrators. It was a pleasure for us to meet them all in one interactive forum and discuss the newest technological and investment options now available in this area.”

 

The sessions addressed the challenges faced by HR managers in managing and implementing effective retention strategies and employee benefit schemes.

 

Takaud shared information and case studies on international trends. The subjects covered included employee saving schemes for Bahrainis and end-of-service schemes for expat workers, individual savings and pension needs, how to balance growth and capital preservation in investment plans, technologies integrating benefits administration with existing HR systems, and the duties of an employee-benefit-fund trustee.

 

“As a specialist savings and pensions firm, Takaud wants to support Bahrain businesses in the management of employee benefits by providing innovative solutions that improve employee engagement and retention. This is how employee benefit schemes can be optimized to improve overall corporate performance and profitability,” Métivier added. - TradeArabia News Service