David Reay

Commentary - 15 April 2024

Shining bright - A path to innovation


David Reay

Finance Director

As we eagerly await the prestigious Northern Star Awards this week, we are delighted to be shortlisted for two categories - 'Inspiring from Innovation' and 'Staff Matter'. A fantastic testament to our team's dedication and contributions.

Our presence in the offshore energy market has been marked by a legacy of delivering innovative and trusted solutions. The backbone behind all of that though, is our people.

Investing in the workforce is essential for a successful business, and it’s something that’s been a particular focus of ours these past couple of years.

We’re delighted to be shortlisted in the ‘Staff Matter’ category. It's a testament to the fantastic initiatives our people have put in place. During 2022, we set up a dedicated working group, made up of individuals from various departments across the business to advise the board with fresh ideas for providing our teams with opportunities for career advancement, wellbeing and social interaction.

The working group engaged with employees from across the company to ensure that improvements came from within the organisation, giving everyone a voice in shaping our future. We firmly believe that innovation doesn't just happen, it's cultivated through a commitment to people and the environment in which they thrive.

Two years on since our working group was formed, we are really pleased to be seeing improvements in staff engagement, morale and the positive impact this has had on our business, like the propulsion of Balmoral’s renewables-related revenues.

We’re dedicated to becoming an employer of choice, and initiatives like setting up this working group are leading to improved staff retention, cost-efficient recruitment, and substantial business growth. We are proud of the positive impact so far and we’re committed to sustaining this momentum in the future.

As we look forward to attending the Northern Star Awards, we're excited to celebrate the great work being done by all the businesses attending the event, spanning across all sectors in our fantastic region.

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Balmoral Comtec Ltd
Balmoral Park, Loirston, Aberdeen AB12 3GY | +44 (0)1224 859000 | surety@balmoral.co.uk
Registered number SC301819