The Talent Crisis

Oil and gas companies operate in a high risk environment to say the least.  But one risk you may have overlooked is the challenge created by a rapidly changing workforce, and specifically the shortage of skilled engineers. 

According to a report by the National Petroleum Council, a majority of the energy workforce in the United States is eligible to retire over the next 10 years.  Did you catch that. . . a majority.

The void left as the skilled workforce retires could limit the number of projects a company can effectively manage.  In addition, the resulting talent shortage may lead to a significant increase in labor costs as competition intensifies to fill those positions.

Have you started planning for the workforce transition in your company?  The time to start is now – before it’s too late.