Strategic frameworks for contract management excellence in global energy HR operations
1 Independent Researcher, Bonny Island, Nigeria.
2 Independent Researcher, Houston, TX, USA.
3 Independent Researcher, Nigeria.
Review Article
GSC Advanced Research and Reviews, 2022, 11(03), 150–157.
Article DOI: 10.30574/gscarr.2022.11.3.0164
Publication history:
Received on 18 May 2022; revised on 23 June 2022; accepted on 26 June 2022
Abstract:
The energy sector relies heavily on effective contract management to navigate the complexities of global HR operations. This paper explores the strategic frameworks necessary for achieving excellence in contract management, emphasizing the challenges unique to the industry, such as regulatory compliance, cultural diversity, and risk mitigation. Key components of robust frameworks—compliance, stakeholder alignment, technology integration, and governance—are analyzed, with insights drawn from industry standards and successful case studies. Additionally, the paper highlights best practices for aligning contract management with organizational goals and HR strategies, including sustainability and workforce development. Practical recommendations are provided to guide energy companies in implementing strategic frameworks that enhance operational efficiency, mitigate risks, and foster a resilient workforce. The findings underscore the importance of a proactive and adaptive approach, ensuring that contract management addresses present challenges and positions organizations for long-term success in a competitive and evolving global landscape.
Keywords:
Contract Management; Global Energy HR; Compliance; Risk Mitigation; Strategic Frameworks; Workforce Development
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Copyright information:
Copyright © 2022 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0
