There'll be 1.9m new roles by 2035, but not enough applicants.
Latest figures from the American Petroleum Institute highlight that the oil and gas industry is expected to create 1.9 million new roles by 2035. Gastech 2017 said in a press release that it is also predicted that the industry will lose a significant portion of the expertise accumulated in the current cohort of experienced professionals, due to an ageing workforce and retirement. Many of the world’s major energy companies have expressed concern at being able to fill new vacancies, due to a lack of engagement with the new generation of workers.
Gavin Sutcliffe, Head of Content at Gastech organiser, dmg :: events Global Energy comments, “There is a growing realisation within the oil and gas industries that firms need to attract new talent in the face of high numbers of experienced individuals leaving the workforce. Large companies in the sector are re-evaluating their recruitment practices to help entice members of the next generation to enter the industry.
Here's more from Gastech 2017:
The ageing workforce, and its accumulated expertise, has helped drive the growth of the sector over the decades. However, it does raise new talent management issues for employers. The younger generation is drawn to jobs within competing sectors, and the energy industry is left relying on a knowledgeable, but ageing workforce. To bridge the gap, the gas & LNG industry needs to appeal to students and young professionals, and position the industry as a desirable career option.
According to a recent article on the industries attempts to combat workforce challenges, millennials and the so-called ‘Generation Z’ seek different things when looking for an employer. “The value proposition for this group of potential employees has to include technology, flexible working options and green energy.”
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