The Value of Experience

摘要

This paper presents an improved technique for the analysis and evaluation of professional development. The oil and gasindustry has braced itself for an abrupt shift in workforce expertise as the baby boomer generation reaches retirement age,commonly referred as the "Big Crew Change." The subsequent hiring frenzy observed in the past decade has led to an influxof expectant young professionals. This paper presents a personnel development philosophy for these new youngprofessionals as well as a screening and evaluation methodology that can be utilized during the hiring and promotionalprocess to better select talented, knowledgeable professionals with initiative. A novel metric is also presented to estimate andassign a value to the different experiences that make up a career. Three example applications are given to illustrate the utility of the proposed metric and methodology.