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The need for Training in the Oil and Gas Industry has increased due to changing workforce demographics

 

Talent GAP

The Oil Industry in USA experienced a hiring surge in the late 1970s and early 1980s, followed by an extended period of decline.

 

check-out-asmOver half of today’s U.S. workforce is eligible for retirement within the next 10 years, often referred to as “the big crew change.”

A 2008 survey by Ernst and Young and Rice University confirmed the extent of the struggle that oil and gas companies have in recruiting, training, and developing a sufficient number of staff:

  • Nearly 90% of the senior executives interviewed at 22 top international oil and gas companies called the talent shortage one of the top five issues facing their companies.
  • More than half the executives surveyed feel the talent void could hurt corporate growth as a result of an inability to staff projects.
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