- 74% of organizations surveyed cited ”technical skills gap” as a critical problem, but leadership, management and supervisor skills were also noted as being in short supply
- The oil and gas industry will add more than 530,000 positions in core professional and technical jobs over the next five years and more than 1.1 million over the next 10 years, yet over half of the world’s largest oil and gas producing countries will not have an adequate supply of talent to meet this demand
- Among the 56% of companies who say they have a workforce-planning process that identifies gaps, only 27% say that process also provides solutions to close gaps
“The tendency to simply ‘benchmark’ will not be enough,” said Mr. Tenenbaum “Oil and gas HR leaders need to lead the way in conducting a deep examination of their own workforces, understanding labor trends in key markets, forecasting talent and skill needs and most importantly building a customized plan of action that will address their very specific talent gaps and opportunities.”The good news for oil and gas employers is that addressing these issues brings with it the expectation of favorable return on investment. In fact, large numbers of employers saw strong ROI potential in increased employee productivity, decreased attrition, increased production and decreased operating expenses. “We believe oil and gas companies will need to find more innovative and creative ways to fill the talent pipeline, long- and short-term, in order to create a true competitive advantage. One way Mercer is helping clients drive this innovation is a soon-to-be-launched pilot program that will offer companies a more efficient and effective way expand the global oil and gas talent pool by using such techniques as ‘gamification’ to pre-qualify talent,” said Mr. Tenenbaum. About Mercer’s Energy consulting practice Mercer enables organizations in the oil and gas industry to outpace the competition by enhancing and protecting the health, wealth and performance of the global workforce through a combination of expert resources globally, regionally and locally with unequalled global oil & gas workforce data and insights; and cross-industry adaptive innovation. To learn more, please visit www.mercer.com/energy. About Mercer Mercer is a global leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance of their most vital asset – their people. Mercer’s 20,000 employees are based in more than 43 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With 55,000 employees worldwide and annual revenue exceeding $12 billion, Marsh & McLennan Companies is also the parent company of Marsh, a global leader in insurance broking and risk management; Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a global leader in management consulting. For more information, visit www.mercer.com. Follow Mercer on Twitter @MercerInsights.