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Career Development Hr Initiative Within Energy Sector

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1. ABSTRACT
The report presents a research proposal designed for examining the career development HR initiative within energy sector. Opus Energy is the organisation selected for this study, dealing as a supplier of oil and gas in United Kingdom. Company is facing critical issue of employee turnover, 30% annually and needs to improve its career development plans. For this purpose, it is very important to examine the related issues that discourage HRM to overlook career development in energy sector. The aim of the study is to identify the current stance of career management and related issues in the contemporary Human Resource Management (HRM) practices of 2014 in energy industry. In order to accomplish this key aim, following objectives …show more content…

According to the report, the career development HR initiative has gained 42% responses in a survey of 1,400 HR professionals from companies headquartered all across the globe. Individually various regions of the world showed different percentages such as America exhibited 41%, Asia 37%, Australia 34%, Europe 42% and Middle East showed 48%. It shows that although a significant proportion of HR heavily relies on career development as an important HR initiative in this highly competitive world yet the percentage of contribution in this respect lies below 50% (Kantrowitz 2014).
In addition, the biggest problem faced by business in prioritizing employees’ career development is the anticipated budget increase resulting in high business cost. On the other hand, employees are also not found motivated due to lack of formal process offered to them for this purpose (Walton & Valentin 2013). Kantrowitz (2014) has also substantiated this argument by reporting 22% response for formal process. Evidences from other researches also shows that career development is not considered as a significant employee retention or motivation strategy by most of the HRMs. Even there are a large number of international corporations, which do not have any future assessment plan for this purpose.
Opus Energy is chosen because of the

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