Custom Solution Saves Oilfield Services Company $20 Million Annually.

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In 2001, The RAD Group was called in by an oilfield services company to help fix problems that they were having with newly acquired business units that had been combined into a single 1000 employee operating division. The division was performing well below expectations, with a turnover rate of 300% and extremely poor safety performance.

Turnover and LTAs in this one division were losing the company about $25 million annually.

The RAD Group performed a Culture Alignment Diagnostic of the division, discovered the various factors producing the poor results and designed and implemented an intervention strategy.  The division ended 2002 with a 40% turnover rate and an 82% reduction in LTA’s.

These improvements translated to over $20 million in annual profit for the client.