With the ongoing digital revolution across the industry and the pace at which energy dynamics continue to evolve, oil and gas recruitment strategies and workforce trends are also changing. People are at the heart of this process. All technologies and innovations will come to a standstill if the industry fails to attract talent that can embrace the digital and move ahead with it. Human resources and management are an integral part of this transformation.
In the beginning of 2019, we shared the oil and gas industry analysis with you. The trends that were expected to dominate the energy arena continued to run throughout the year – the predominant ones being trade wars, digital disruption, Qatar’s exit from OPEC, and so on. Deloitte’s detailed industry analysis revealed low unemployment, reviving business investment, stable prices, and higher government spending. The Global Energy Talent Index discussed the oil and gas recruitment trends in 2019 where we could see a significant shift in terms of salary, mobility, new skills. What are we looking at in 2020? You can’t really predict anything in this side of the world. We can only analyze the previous trends and how are they shaping the present scenario. Considering the unpredictable environment of oil and gas industry, a brief overview of the industry trends in 2020 will help us understand the bigger picture.
What trends are shaping Oil and Gas Recruitment?
Oil and Gas Jobs: The Promising Permian
According to the latest forecast from the Texas Independent Producers & Royalty Owners Association, the Permian Basin is set to support 93,201 jobs in the year 2020. TIPRO reveals that this is 5578 more jobs than what the sector supported in the first half of 2019 and 12,209 more jobs than sector supported overall in the previous year.
However, this promising picture will not remain aloof from the trends and factors affecting the global oil and gas industry. Geopolitics has its own relevance and it has been an important determining factor in the energy dynamics.
The TIPRO had warned that the employment growth could be negatively impacted by the escalating US-China trade war and growing uncertainty in the market among investors and producers.
Oil and Gas 4.0: New Skills in Demand
In 2019, Oil and Gas 4.0 has been a major focus of discussion. As the industry is evolving, the workforce and recruitment strategies too are experiencing a shift.
With new technologies arriving, the industry needs people who are interested in these technologies and are ready to work with them. Big Data, Artificial Intelligence, Analytics, Blockchain – these technologies are in the spotlight today and the industry is yet to achieve true digitalization. With new tech, new skills are important.
As a result, it is difficult to say that the oil and gas recruitment processes will not factor in skills and technological awareness of candidates.
(Suggested Read: Learning New Ways of Skill Development in Digital Oil and Gas)
The Great Crew Change: Millennials in Oil and Gas
Taking years of experience with them, the senior professionals in the oil and gas industry are nearing retirement. The millennials are arriving. This is being referred to as the “Great Crew Change” in the industry. Not just an issue for discussion but also a trend that is redefining oil and gas recruitment strategies and workforce. A significant cultural shift is being observed.
Who are the millennials? What makes them different? What unique elements are they bringing into the industry? Why and how they are poised to change the industry?
Every generation, born in a particular time and space, embraces the culture that shapes that age. Millennials are rightly referred to as the Digital Natives. The way they see the world is different. Work is perceived differently by them. They are indeed breaking out from the traditional and conventional molds. All this being said, millennials in oil and gas can’t be treated the same as the older professionals. Expectations and outcomes will also differ. From their hiring to their career development, it is going to be an altogether different story.
“A key point for oil and gas companies to remember—this generation grew up with ubiquitous technology, and they want their employers’ enterprise technology to be up to date and on par with the technology they use in their personal lives.” – KPMG
(Suggested Read: Why Oil and Gas Millennials will change the industry?)
Looking forward to a Career in Oil and Gas in 2020?
An understanding of these emerging trends will help you take informed steps towards a career in oil and gas this year. From Why choose a Career in Oil and Gas to insights on building a successful career, we will walk the road with you. The exclusive job portal by Energy Dais caters to all your requirements. You can not only easily search for global oil and gas jobs but also apply through a Digital Resume on our platform.
(Suggested Read: Introduction to Digital Resume)
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(The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of Energy Dais. For more information, sign up to our Job Portal and for any query, send an email to firstname.lastname@example.org)