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World – Oil and gas professionals fear talent crisis, report finds

23 January 2019

Almost half, or 48%, of oil and gas professionals across the world are concerned about an impending talent emergency, according to the third annual Global Energy Talent Index (GETI) report from Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, and Energy Jobline, a jobsite for the energy and engineering industries.

The report recommends that oil and gas businesses must continue evolving their approach to attracting and recruiting talent. The index found that 40% of survey respondents believe the oil and gas sector is already in the grip of a crisis, with a further 28% expecting one to hit within the next five years.

However, the survey also suggests optimism in recruitment. When asked whether they would pursue a career in the sector if they were entering the energy industry now, a large majority of oil and gas professionals said yes. Most, or 81% of those aged 25 and under remain enthusiastic about a career in oil and gas.

“While the pace of recruitment may have slowed during the downturn, it is clear that the quality of these efforts remains strong,” the index stated.

Janette Marx, CEO at Airswift, commented, “In recent years, GETI has proven hugely successful at providing hiring managers with the insights they need to manage the expectations of the energy workforce. This year is no different, as we respond to what they told us was their biggest concern: the energy skills gap.”

“Having cut graduate schemes, apprenticeships and training during the downturn, the sector is playing catch-up. But it’s making good progress. And, most importantly, companies now realise that no matter what happens economically, they need to consistently invest in their talent strategies,” Marx said.

 Other key findings in the report within oil and gas showed that remuneration is on the rise as 41% of non-hiring professionals report an increase in pay over the past 12 months, with 21% citing a raise of more than 5%.

Meanwhile, 65% of non-hiring professionals anticipate further pay rises in 2019. Hiring managers share their optimism, with 63% expecting to see an increase.

The majority, or 92%, of professionals would consider relocating to another region for their job, with career progression opportunities the number one factor attracting talent to a region.

The report also found that renewables remains the biggest source of competition for talent, with 42% of those open to switching sectors attracted to the industry

 Hannah Peet, Managing Director at Energy Jobline, commented, “Competition between sectors remains as fierce as ever, but oil and gas employers are well set to succeed.”

 “Leaders and hiring managers recognise that the world has changed and the desires of young people are different, with only 30% of those aged under 25 believing that higher pay effectively attracts talent. The trick now is to respond by working to provide individuals with more opportunities to grow their careers, travel and work with new technologies.”

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