Impending talent emergency causes concern amongst oil and gas industry

48% of oil and gas professionals are concerned about an impending talent emergency according to the third annual Global Energy Talent Index (GETI), published by Airswift. 

The report shows that oil and gas businesses must continue evolving their approach to attracting and recruiting talent. 17,000 energy professionals and hiring managers were surveyed in 162 countries and across five industry sub-sectors to inform the report. The sub-sectors were, oil and gas, renewables, power, nuclear and petrochemicals.   

The reports key survey finding found that 48% of oil and gas professionals are concerned about an impending talent emergency. The survey also found that, by cutting graduate schemes, apprenticeships and training during the downturn, the sector is playing catch-up, 81% of people aged 25 and under remain enthusiastic about a career in the oil and gas industry, that remuneration is up as 41% of non-hiring professionals report pay increases in the last year and that two-thirds of non-hiring professionals anticipate further pay increase in 2019.

Chief Executive Officer at Airswift, Janette Marx said, “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.”

Marx continued, “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.”