Equinor’s competence centre takes new approach to people development
VIDEO | As an organisation with 20,000 employees, human resources is a significant undertaking at Norwegian energy company Equinor. The firm has found an innovative approach to attracting and keeping talent: a Functional Centre of Excellence. Tor Stian Kjøllesdal, Vice President and Head of the centre’s Treasury and Tax division shared more details during his session at the Treasury 360° Nordic conference.
Read also our recent interview with Tor before the event, available on the news site here, or in the event magazine here.
Few corporate treasuries would have the necessary scale to establish a dedicated “Treasury and Tax competence centre” – but Equinor has done it, and Tor Stian Kjøllesdal has led it since it was put up in 2021. The initiative builds on a recognition that increased focus on people development and competence, in a more flexible and dynamic organisation, can provide the group’s treasury and tax management at higher efficiency and quality.
Under this set-up, Equinor’s Treasury and Tax department has become a marriage of two entities: the task organisation and the competence centre. The latter matches talents to roles depending on the requirements of the former.
The new structure has the advantage of being very agile, allowing the management to shift task allocation to where it’s needed the most, and giving employees the chance to try develop skills in various tasks across the treasury.
Tor Stian Kjøllesdal is Vice President and Head of Treasury and Tax Functional Centre of Excellence, Equinor
• News around Treasury 360° Nordic 2023, on 20 April, is gathered here.
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