Good market performance at BW LPG masks deep-rooted management and HR issues.
Pros
The company currently benefits from strong market conditions, providing excellent financial stability and industry standing.
Cons
Lack of Internal Equity: Within the BW LPG division, there is noticeable unfair treatment among employees, particularly regarding compensation and workload distribution. Ineffective HR Management: The HR function within BW LPG, particularly across the Singapore and Norway offices, it seems to command highly inflated compensation packages that are completely disproportionate to the minimal support and value they deliver to the wider organization. An internal audit on salary equity is sorely needed with comparison to other affiliates. Disconnected Leadership: Upper management appears out of touch with day-to-day operations and unaware of the internal cultural issues affecting staff on the ground. Inefficient Hiring Practices: Rather than recognising or promoting existing internal talent, there is a consistent tendency to spend heavily on expensive external hires who do not add proportional value to the organization.