07-07-2012, 11:19 AM
RECENT TRENDS IN HRM
RECENT TRENDS IN HRM .pptx (Size: 268.25 KB / Downloads: 25)
INTRODUCTION
The sudden spurt in the IT industry was unforeseen and unexpected. Opening up of the economy and the accelerated growth of the knowledge industry, brought with it many obstacles and challenges before various enterprises.
Human resource department which was previously in charge of normal functions like recruitment was handed over the task of finding solutions to these challenges.
HR challenges in the Indian oil and gas sector
At a time when the Indian oil and gas sector is looking for a robust growth, there are some human resource challenges facing the industry. There are major implications for the oil and gas sector in terms of the growth path it has charted. Some of them are:
The introduction of the New Exploration and Licensing Policy and the subsequent entry of MNCs in the exploration and production sector have given impetus to the country’s oil and gas sector. Unexplored sedimentary area of 50% in 1995–96 reduced to 15% in 2009.
The refining sector is expected to see large investments for capacity augmentation, quality upgrades, clearance of bottlenecks and the revamping of various refineries. India is likely to boost its refining capacity by 45% by 2011–12 as against 2008.
Demand in the petrochemical sector is expected to touch 10 million tons by 2010, thereby witnessing annual growth of 9–10%. Existing capacities in this sector are likely to double in the next five years.
The government’s emphasis on clean fuel is expected to lead to a marked increase in the city gas distribution business.