Oil & gas employees remain committed to sector

But majority are looking for new positions, new study finds

ANALYSIS, Industry Trends

The oil and gas industry’s workforce remains firmly committed to the sector, despite the oil price fall, a new survey has revealed.

Over 60% of those surveyed said that they would be very or extremely likely to recommend a career in the oil and gas industry, Petroplan’s inaugural ‘Talent Insight Index’.

However, the vast majority – 88% – also stated that they were on the lookout for new opportunities. Of those not proactively seeking a new position, 56% said they would consider changing jobs given the right circumstances.

Andrew Speers, CEO at Petroplan, said: “The results of the Talent Insight Index show that there needs to be a major shift in employer attitudes to retention and talent management. Although we have a committed workforce, people are weary of the ups and downs of the sector.

“Companies have to balance the risks and rewards of job cuts with retaining key people and skills shortages.

“While it might seem like a strange time to talk about loyalty and talent retention, we must. The industry has to take a longer-term view to investing in, retaining and developing its people. It’s the only way that we can slow down the rollercoaster of boom and bust.”

The survey also revealed over 40% of respondents believe that decision-making in their organisation has improved, while nearly one third believe there is increased innovation and productivity in the sector.

The survey findings also present a positive view of the future, with over half of respondents stating that the industry will inevitably recover, and over a third believing that recovery will happen in the next two years.

Respondents included staff, contractors and those out of work but actively looking for roles in the industry, across a range of disciplines from over 107 countries and territories worldwide.


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Oil & Gas Middle East - September 2020

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