Training and development in Petrobangla

Abstract

Petrobangla, the flagship organization of the country's primary energy sector, is entrusted with the responsibilities of exploring, developing, producing and marketing natural gas and extracting coal. All those activities made this organization extremely potential in playing a vital role fuelling country's economy. At present, natural gas accounts for about three-quarters of commercial energy consumption of the country. Petrobangla is also engaged in extracting granite which is used as construction materials. It may be noted that Petrobangla is a major contributor to the national exchequer. Moreover, it is saving a huge amount of foreign currency by substituting the import of energy. Petrobangla is playing a catalytic role in achieving country's development goal as whole. I hope, Petrobangla with its excellent track record of outstanding performance will be able to live up to the expectations by further intensifying its efforts in exploration and development of fossil fuels in the country and also by managing activities related to the import of Liquefied Natural Gas (LNG) to ease the shortfall in the supply of natural gas. I have worked in the Administrative department of Petrobangla. The report has been prepared in align with my job responsibilities and experiences at Petrobangla. Petrobangla values its human resources and its HR policies that are aimed at targeting and retaining best talents in the industry, as the direct impact of the organizations improvement falls upon the employees. The organization works to develop and train the employees by different training programs, which requires a two-way relationship between higher authority and employees. The aim of this research is to find out the strategies and approaches regarding their training program that is taken by the Petrobangla to increase the efficiency and effectiveness of the employees. I have conducted a research survey to identify effective methods and the process of training program in Petrobangla. After that I have designed the research in a descriptive way and collected data are analyzed quantitatively. The research findings show that there are several factors that make the training program cost effective and a positive outcome of Petrobangla. All trained and skilled employees who intellectually and emotionally bound with the organization and who feel passionate about its goals and committed towards its values thus they go the extra miles beyond their basic job. However, the overall analysis describes that training program will make the employees more engaged to their works and improve the performance of employees within the job for the benefit of the organization. At the end of the project, some recommendations are given to help the Petrobangla management so that they can deploy appropriate decisions to make the training program more realistic and cost effective that will ensure the profitability as well as the satisfaction of the employees.