The third annual Global Energy Talent Index (GETI), the world’s largest energy recruitment and employment trends report, is released today, showing that oil and gas businesses must continue evolving their approach to attracting and recruiting talent.
The report by Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, and Energy Jobline, the world’s leading jobsite for the energy and engineering industries, indicates that 48 per cent of oil and gas professionals are concerned about an impending talent emergency. In fact, 40 per cent of survey respondents believe the sector to already be in the grips of a crisis, with a further 28 per cent expecting one to hit within the next five years.
But there is reason for optimism. 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. Encouragingly, 81 per cent 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.
Janette Marx, Chief Executive Officer at Airswift, says: “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.
“And the oil and gas chapter makes for interesting reading. 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.”
In addition to providing much-needed insights into the skills gap, GETI is also the industry’s most comprehensive salary and mobility study. Key findings within oil and gas include:
Remuneration is on the up. Forty-one per cent of non-hiring professionals report an increase in pay over the past 12 months, with 21 per cent citing a raise of more than 5 per cent
Sixty-five per cent of non-hiring professionals anticipate further pay rises in 2019. Hiring managers share their optimism, with 63 per cent expecting to see an increase 92 per cent of professionals would consider relocating to another region for their job, with career progression opportunities the number one factor attracting talent to a region
Renewables remains the biggest source of competition for talent, with 42 per cent of those open to switching sectors attracted to the industry
GETI 2019: fresh thinking the key to averting oil and gas skills crisis
Source: HR.com Articles