Infographic: Key HCM challenges in the Oil and Gas industry
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86,5% of workers have been brought in from abroad 80% of the african oil production 35% of workforce spending time on overseas activities 49.3 average age of oil & gas professionals 190,000 skilled workers are likely to retire in the next decade 17% of oil & gas companies see the lack of a skilled workforce as a problem 40,000 job cuts expected in 2015 TOP 3 PRIORITIES FOR 2015 Decrease the “poaching” of talent. #1 #3 Consider how to enhance cost effectiveness of HR delivery. #2 Freeze or cut compensation. THE KEY CAUSE OF SKILLS SHORTAGES 28.5% 21% 17.2% 16.6% 14.1% 2.6% Inadequate succession planning # of new professionals entering the industry Strict immigration laws Outdated skills sets Loss of manpower due to the retiring workforce Other EMPLOYER’S CONCERNS IN THE CURRENT EMPLOYMENT MARKET GLOBALLY Skills shortages Economic instability Environmental concerns Safety regulations Social unrest Other 29.8% 24.0% 14.7% 11.4% 9.3% 10.9% 100% Crude Oil Prices in 2014 Jan. Mar. May Jul. Sep. Nov. $100 $60 Please visit www.nakisa.com for more information or email [email protected] TOP HR CHALLENGES - OIL & GAS Sources: Hays, Global salary guide 2015 - Mercer, Managing human capital assets during a market disruption
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Transcript of Infographic: Key HCM challenges in the Oil and Gas industry
86,5%of workers have been brought in from abroad
80%of the africanoil production
35%of workforce
spending time onoverseas activities
49.3average
age of oil & gasprofessionals
190,000 skilled workers
are likely toretire in the next decade
17%of oil & gas companies see the lack of a skilled workforceas a problem
40,000 job cuts expectedin 2015
TOP 3 PRIORITIES FOR 2015
Decrease the “poaching” of talent.#1
#3 Consider how to enhancecost effectiveness of HR delivery.
#2 Freeze or cut compensation.
THE KEY CAUSE OF SKILLS SHORTAGES
28.5%
21%17.2%
16.6%
14.1%
2.6%
Inadequate successionplanning
# of new professionals entering the industry
Strict immigration laws
Outdated skills sets
Loss of manpower due to the retiring workforce
Other
EMPLOYER’S CONCERNS IN THE CURRENT EMPLOYMENT MARKET GLOBALLY
Skills shortages Economic instability Environmentalconcerns
Safety regulations
Socialunrest
Other
29.8% 24.0% 14.7% 11.4% 9.3% 10.9%
100%
Crude Oil Prices in 2014
Jan. Mar. May Jul. Sep. Nov.
$100
$60
Please visit www.nakisa.com for more information or email [email protected]
TOP HR CHALLENGES - OIL & GAS
Sources: Hays, Global salary guide 2015 - Mercer, Managing human capital assets during a market disruption
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