Unemployment is down and the need for skilled workers is climbing. What can you do to anticipate your recruiting needs for the coming year and assure that you beat the competition for the best energy talent?
The Energy Information Administration projects domestic crude oil production will to increase to 9.3 million barrels per day in 2015, the highest annual average level of production since 1972. Growing domestic oil and gas sources include shale oil production, hydrofracking and horizontal drilling. The Keystone XL Pipeline could yet be approved. All of which drives the need for highly-skilled talent.
Engineers and scientists are reaching retirement age and their slots can’t be filled quickly enough. With the “Great Crew Change,” many tenured boomers retired and millennials began to enter the industry. But because many younger people were warned off the industry by their parents who saw prices dropping and layoffs increasing, there were not enough talented newcomers to replace the previous generation.
As the need for skilled talent increases, oil and gas professionals are inundated by calls from recruiters as supply fails to keep up with demand.
Retiring long term employees have high levels of technical of technical skill, deep industry knowledge and problem-solving ability. Many of them continue to work as contractors after retirement – great for them, because they are able to double-dip pension and high hourly rates, but expensive for businesses.
How can you attract oil and gas talent?
Hiring recent graduates is but one avenue to meeting future recruiting needs. Engage students before graduation as well with on-campus recruiting efforts or intern programs to nurture talented engineers before they can be lured by other industries.
Competitors are another source frequently turned to as a source of proven talent, but they can be challenging to contact and attract. Partnering with an industry niche recruiter is key. Recruiters can cold call prospects to discuss your company and opportunity, then act as a go-between to coordinate interviews. This can all be done confidentially to assure prospects that they will not jeopardize their current position by interviewing for yours.
Recruiters can tap into a network of professionals looking for opportunities like yours, often recruiting nationwide, so that no matter how remote your location is, you have access to skilled talent.
For more tips on evaluating and fulfilling your 2015, oil and gas industry recruiting needs, contact FootBridge Energy Services. Our experienced recruiters specialize in placing top talent in the energy industry. Contact us today to learn more about our recruiting services!