Natural Resources

Change brings complexity. To get ahead in a rapidly transforming world, success depends on aligning risk and people strategies with business transformation.

Meeting emerging challenges requires innovative people and risk solutions tailored for the natural resources industries. We can help you anticipate change across:

• Upstream and downstream energy
• Renewable energy
• Power and utilities
• Metals and mining

Data-driven insights

Confident, informed decisions require data and analytics to understand what’s behind the numbers. Our proprietary people and risk data cut through complexity, helping you test and strengthen your risk strategy. We also help you align pay and benefits with strategy and operational goals to drive superior performance. By combining data with natural resources insights, we help you make informed decisions about risk management, insurance and human capital strategy with confidence.

Natural resources expertise across a global network

Our personalized approach helps you respond to your changing priorities and demands on your business, knowing you can count on the scale of a global broker and advisor with the agility of boutique delivery that understands your industry. Our network of industry experts works with companies of all sizes, from the largest global players to single-country and single-resource organizations to help them compete for the critical talent needed to power their businesses and use pay to drive high performance and successful strategy execution.

Connecting natural resources organizations to their peers

WTW also assists in connecting natural resources businesses with their peers by hosting and participating in annual forums focused on topics that are most important to your industry. These events include:

• A CHRO-focused utility forum
• Total rewards benchmarking survey groups
• Local-market and industry-specific roundtable discussions

Risk management experts focused on natural resources

Our natural resource experts' deep knowledge of the trends and pressures affecting your business helps them bring data to life in a way that’s meaningful to you and enables your organization to move with clarity through complex and emerging risks.

Going beyond insurance broking to drive innovation

With innovative solutions designed to help you meet your strategic goals in an ever-changing risk landscape, we help you stay ahead with services such as:

• Policy wordings benchmarking and risk optimization that drive your strategy forward
• Proprietary research on natural resources data and the insurance markets from our partnerships with academic, science and business that help you stay at the forefront of change, so you can make future-ready decisions
• Digital risk engineering that puts risk insights at your fingertips, so you can find opportunities to build optimal risk mitigation, retention and transfer strategies with clarity

Swift claim handling

Your claims are our priority. The goal of our claims team is to minimize disruption and financial loss whenever a claim occurs. We provide the information you need to value your assets, right-size your claim and quickly resolve large and complex claims. We'll keep you informed, providing regular updates and claims-based insights to help reduce your future risks.

Fueling workforce strategy for the natural resources industry

With rising stakeholder scrutiny, decarbonization mandates, technological change and aging workforces, success depends on aligning people strategies with business transformation.

Failure to adapt talent and pay strategies can lead to project delays, cost overruns and reputational harm. A tailored workforce strategy is a competitive advantage.

Our human capital teams partner with leading oil and gas, chemicals, utility and mining companies to create forward-looking reward and workforce strategies. Our industry-specific experience helps organizations like yours to:

1. Optimize total rewards: Attracting and retaining dedicated, qualified talent is critical to success in the natural resources industry. We provide the data, insights and strategies you need to compete effectively for scarce talent, improve employee resilience and keep your best people. Our services include:
   • Compensation strategy and design
   • Healthcare and wellbeing consulting
   • Retirement and financial resilience benefit strategy
   • Executive compensation reviews
   • Short- and long-term incentive design
   • Total rewards optimization surveys and analytics
2. Enhance employee experience: Though pay and benefits are crucial, high-performing organizations recognize that a differentiated employee experience is equally important. We partner with you to design a high-impact employee experience that supports engagement, resilience and safety amid ongoing industry disruption.
   Our services include:
   • Employee engagement surveys and software to help organizations understand evolving employee needs and sentiment
   • Employee communication strategy and implementation
   • Pay equity and transparency analysis and design
   • An employee experience platform — Embark — that provides timely information at critical moments
3. Create efficient benefits operations: Operational efficiency is critical to your organization's ability to compete in a challenging climate. We can help you leverage resources and improve outcomes with services such as:
   • Benefits administration and outsourcing solutions for healthcare, retirement and other benefits
   • LifeSight pooled employer 401(k) plan
   • Benefits harmonization
   • Merger and acquisition support and solutions
4. Design workforce management strategies: As consolidation and automation transform how work gets done, we provide a holistic view of all the skills your organization has today and will need tomorrow. Together, we’ll design a workforce strategy that improves performance and strengthens financial resilience. Our services include:
   • Workforce Analytics Dashboard and workforce management strategy and solutions
   • Career analysis and design, job architecture and job leveling
   • Work transformation and a skills-first approach to work architecture
   • Talent intelligence reports and labor market insights
   • Collective bargaining strategy, design and tools

Effective use of capital

Mounting cost pressures and industry consolidation are forcing natural resources organizations to adopt new capital management practices. We help with investment advisory services and M&A solutions for any natural resources organization.

In addition to industry experience, we bring dedicated resources and expertise across all aspects of risk, broking and human capital to M&A.

Our services include:

• Outsourced chief investment officer (OCIO)
• Funds and strategies
• Retirement
• Mergers and acquisitions

People, risk and capital solutions

Regardless of where you operate, how large your organization is or whether you need a partner you can trust for people, risk or capital solutions, WTW can help you overcome challenges and meet your highest aspirations.