Manpower Identifies "Double Squeeze" Driving Talent Shortages in Energy Industry
Manpower found that more than half (58%) of energy employers say they are challenged to find the right talent, and three out of four (74%) think the problem will worsen in the next five years. The reason: a unique "double squeeze" of the energy workforce, fueled by shortages of skilled workers at both entry and senior levels. This double squeeze is being driven by three major factors: an aging workforce, creating a shortage of experienced talent; rapid advances in technology that are changing skill requirements; and limited focus on STEM education, resulting in fewer interested and qualified entry-level job seekers.
Fueling the
Energy industry stakeholders need to be proactive in the development of short- and long-term solutions. The key is to prepare a workforce that can propel the industry forward toward its growth potential by maximizing new technologies. According to industry leaders, a key part of the strategy is renewed emphasis on vocational education.
"We need to invest in, promote and properly value career and technical education…and allow it to become a pathway that people generally acknowledge as one with many educational outcomes, including two and four year degrees," said
The report identifies four talent development priorities that stakeholders should address to realize the energy industry's growth potential:
- Emphasize the value of vocational training
- Market to the future pipeline
- Develop an agile workforce
- Return to STEM basics
"
While the shortage of talent in the energy industry is large and urgent, the industry's growth potential is motivation to develop a workforce that can help realize this opportunity.
About Manpower
Manpower is the global leader in contingent and permanent recruitment workforce solutions, providing the personal flexibility and agility businesses need with a continuum of staffing solutions. Manpower is part of the
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SOURCE Manpower
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