Current and short-term HR trends in the petroleum industry
Q3/Q4 survey reveals workforce challenges, trends and strategies
|Deloitte has partnered with the Petroleum HR Council of Canada to conduct the survey in support of HR Trends and Insights: A Look at Current and Short-Term Workforce Trends within the Canadian Petroleum Industry (Q3/Q4 2011 Report) to provide industry, government and labour supply stakeholders with a timely snapshot of labour market conditions and Canadian upstream and midstream petroleum industry trends.|
The operating environment of the petroleum industry is increasingly complex as companies must balance managing for current and expected growth amidst growing economic uncertainty, volatile commodity prices and increasing environmental and regulatory pressures. Q3/Q4 2011 survey respondents indicate that growth in the industry, in addition to continued uncertainty, are shifting workforce challenges and shaping human capital trends. Some of the main growth and uncertainty factors influencing the industry are:
- The current and expected future growth of oil-related activities, particularly Alberta’s oil sands, as well as shale gas and liquids-rich gas developments in North America
- Proposed infrastructure investments to open up Canada’s oil and gas resource plays to international markets
- Economic uncertainty and commodity prices’ volatility
- Increasing environmental and regulatory pressures
- Technological advancements
Workforce strategies, trends and best practices reported by the Q3/Q4 survey respondents are further outlined and analyzed in the report. Recommendations are also provided to assist organizations with navigating the current and future environment of the petroleum industry.
To view the results in detail and to learn more about the Q3/Q4 2011 survey respondents, visit the Petroleum HR Council of Canada website to download a copy of the report.
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