Solutions
A report by KPMG forecasts that India's energy needs would grow at 6.4 to 8 per cent to achieve the projected economic growth rate of 8-10 per cent, translating into a five-fold increase in India's energy requirement over the next 25 years. Resource augmentation and growth in energy supply have not kept pace with increasing demand and, therefore, India continues to face serious energy shortages. Progress in policy and reform has been conducive to private investment, and the sector still requires investment to the tune of 120 - 150 billion USD over the next five years to enable capacity and technology upgrades. Private interest in sectors like Coal, Power, Oil & Natural Gas and renewable energy sources has shown significant improvement, as also in the nuclear sector.
Growth is accompanied by inherent challenges including the demand for additional manpower. Managing this need is crucial to the health of Industry.
The key challenges faced by this industry are:
Shortage of skilled manpower
Training a geographically dispersed workforce
High attrition rate
Lack of retention policies
Inadequate training to address industry needs.
24x7 Learning's Talent Lifecycle Management solution will help the industry meet the challenges. Through its end-to-end Learning solutions 24x7 Learning can help reach out domain specific training programs to groom managers, senior managers and the leadership in the Energy sector. 24x7 Learning can cater to the training needs of this sector as management moves into private sector. Workforce training needs on aspects such as people management, viable skills, business insights, analytic skills, succession planning, and resource development can be offered to help them move up the value chain.
24x7 Learning has the capability to build a corporate virtual university to address each of the training needs. Our Talent Lifecycle Management programs can effectively and cost efficiently reach out standardized training to a large number of geographically dispersed employees to help them provide the best in class services across regions.
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