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Training & Development of Petronas (Disadvantages (Extra…
Training & Development of Petronas
Background of Petronas
Founded in 17 August 1974 & owned by Malaysian government
Invest in gas & oil resources
The first company that exports crude oil
First gas station of Petronas in Taman Tun Dr. Ismail, Kuala Lumpur
Headquarter in Kuala Lumpur
Human Resource Practices of Petronas
Permit to work training
Confined space & authorised gas tester
Processed safety workshop
First aid training
Advance first responder training
Advantages
Training cost saving
Technical training may cause employees' career advancement
technical training will lead to employees' personal growth
Education grants
Disadvantages
Extra administration burden
Some trainees may not take training sriously
No networking opportunities
Increase cost in technical training
Spend time for training the employees
Education grants restrict only a number of employees
Critique
Applied professional training
Petronas used technical training appropriately
Recommendation
Petronas needs to find alternative practices for training & development
Propose a sustainability organization & leadership techniques with the institutes
Update the program in technical training
Conclusion
A company categorized under the oligopoly type of market structure
The government's asset in providing petroleum & gas for the country
Petronas's products being exported & used in other countries
Petronas also provides sponsorship in education