With a direct line to the CEO and Strategy Council, YLAB facilitates meaningful two-way communication while providing a young perspective on complex corporate challenges. YLAB keeps its finger on the pulse of the Company’s youth through a wide range of engagement strategies, and is constantly seeking out new ways to capture their concerns and actively involve them in the transformation of the Company.
This is achieved through the following:
Advisories & Studies: YLAB advises Aramco’s Strategy Council, and provides consultancy services to the Company’s organizations. Studies are designed to identify and analyze relevant challenges or opportunities, and provide solutions from the fresh perspective of young employees. YLAB works on a range of topics, including sustainability, citizenship, well-being, diversity and inclusion, employee development, portfolio diversification, and the future of work. YLAB aims to utilize the Company’s young talents to solve its most important challenges.
Generations Y and Z are the dominant demographic in Saudi Arabia’s 34 million population. In line with this youthful demographic, YLAB has helped drive change, accelerate transformation and has dispersed a youth perspective through supporting initiatives such as HR Transformation, the Downstream Retail Project, and Digital Transformation.
Engagements: YLAB engages the Company’s youth to channel their energy through physical and virtual engagements to maintain a two-way dialog. This includes strategy briefing sessions, CEO & VP Townhalls, hackathons, YLAB publications, webinars, roundtable discussions and more. YLAB also engages with global leaders and external entities to showcase the young talent of our Company, while also demonstrating Aramco’s strategic approach to capitalizing on its huge millennial population.
Also, in order to cultivate their leadership skills, YLAB periodically engages with influential and highly respected local and global leaders. This helps immerse them in thought-provoking discussions and gain leadership insights and key lessons firsthand.
Such leaders include:
- His Royal Highness Prince Abdulaziz bin Salman, Minister of Saudi Arabia’s Ministry of Energy
- His Excellency Minister Abdullah Al-Swaha, of Saudi Arabia’s Ministry of Communications and Information Technology
- Mr. Michael Bloomberg, Co-Founder and CEO of Bloomberg
- Mr. James Gorman, Chairman and CEO of Morgan Stanley
- Dr. Christian Bruch, CEO of Siemens Energy
- Mr. Oliver Le Peuch, CEO of Schlumberger
The YLAB team comprises of four full-time coordinators and twelve part-time members who maintain their original roles in their home organizations, to maximize the team’s reach. Members come from across the Company and represent a diverse group of nationalities, backgrounds, and work experiences. They provide advice, ideas, and insights to senior management, and engage with other young employees on the changes taking place throughout Aramco and the industry.
YLAB has become a self-sustaining program, recently crossing its 10-year mark. YLAB has been granted seats in various key corporate committees to represent and share the youth’s voice. YLAB has also been recognized as a trusted source to tackle strategic corporate challenges, and sought for advisory by organizations within the Company.
One of YLAB’s signature products is the YLAB Hackathon, an innovation-engine platform where YLAB engaged with over one thousand employees to creatively provide solutions to be used by the company to accelerate Digital Transformation and promote sustainable practices. Fruitful outcomes resulted as part of these hackathons, where over 100 ideas were generated and passed for evaluation or implementation.