Drilling for talent in the new millennium
The need to develop and retain talent is a pressing issue for many companies around the globe, but it is especially prevalent today for those in the global upstream sector of the oil and gas industry. Aggravated by a generational gap in the current labor pools resulting from a low influx of new talent during the 1980s and 1990s, the industry is facing ever-increasing pressure to retain an aging workforce - greater than 50% is over 45 years old, while at the same time employing creative techniques to harness the intuitive knowledge they possess. Other challenges include attracting and deploying the next generation of upstream experts and growing a global resource pool positioned to move swiftly and efficiently when the impending upturn in the price per barrel begins.
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