Data: Expectation gap in the job market
The recent Global Energy Talent Index (GETI) report reveals an expectation gap between hiring managers and jobseekers
According to the recently released Global Energy Talent Index (GETI), a key energy recruitment and employment trends report, there exists a significant difference in expectations between hiring managers and candidates.
The report by Airswift, the workforce services provider for the energy, process, and infrastructure sectors, and Energy Jobline, a jobsite for the energy and engineering industries, indicates that more than half of candidates predict an increase in salaries over the next 18 months – compared to just 23% of hiring managers. GETI provides a health check of the industry’s talent pool at a time when all sub-sectors, from oil and gas to renewables, are undergoing rapid change.
The report looks at the talent situation within the energy industry, including information on hiring rates over the past year, and into the next 18 months; global mobility, and predicted regional “hotspots” for the energy sectors; and the flow of talent between sectors. Key findings within the oil and gas sector include:
- Three-quarters of hiring managers think the sector faces a talent shortage
- Graduates are shying away from the oil and gas industry due to perceptions about an ageing workforce and environmental concerns when compared to technologically-driven green sectors
- Almost half of oil and gas professionals expect the sector to recover in the next 12 months. But nearly two-thirds of hiring managers expect it to take more than a year
Airswift and Energy Jobline surveyed more than 16,000 energy professionals and hiring managers in 156 countries, across the oil and gas, renewables, power, nuclear, and petrochemicals sub-sectors.