Turning the tide

摘要

Human Resources (HR) executives list the talent void as one of the top five business issues facing their companies. The workforce challenges faced by the oil and gas industry are well-documented and a frequent topic of discussion both within and outside industry circles. Those challenges include an aging global population with many experienced employees having recently retired or planning to do so in the near term, a geographic shift in where employees are needed, and fewer new engineers seeking jobs in the industry. Ernst & Young's 2008 Strategic Business Bisks report found workforce issues to be the number one risk facing today's oil and gas companies. A recent survey by Ernst & Young and Rice University confirmed the extent of the struggle companies have undergone to recruit, retain, and develop a sufficient number of employees in recent years. Nearly 90% of senior HR executives at 22 top international oil and gas companies believe their industry faces a talent void and call the problem one of the top five business issues facing their companies.