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