How Management In The Petroleum Industry can succeed or fail. Managing your most valuable assets is complicated, particularly when the assets are employees. Compliance, communication and control are the three most important aspects of human capital management. In highly regulated industries like the petroleum industry, having the right HR management tool is key. Comtracts’ HR tool provides a platform that creates the control and provides the communication necessary for petroleum business to maintain compliance in a way that is easy to use, efficient and effective. Creating and maintaining a culture of safety for employees not only in day to day service but over time is incredibly important for employees and business owners. Documenting and assuring compliance with federal, state, and local laws and regulations regarding petroleum and food mart operations in transport and delivery, sales, service and safety is an on-going process that should be built into day to day operations so that compliance becomes routine and easy. Employees must be knowledgeable and adhere to requirements for employee, customer, and environmental well-being. Employees must be properly trained and understand the legal ramifications of licensing and compliance requirements involving the sale and distribution of alcoholic beverages, tobacco & vaping products, gaming, and any other licensed products or service. Training employees and giving them the resources to achieve and maintain compliance is an investment.
Communication
Effective communication starts with the hiring process when clear job descriptions and expectations are communicated and regularly updated to accurately reflect responsibilities. Employee reviews with regular feedback and follow-up and a system
Now you know how human capital management In the petroleum industry can be successful.
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