Boom, Bust, Build: Rethinking the 21st Century Energy Workforce, Bob Newhouse, President, Newhouse Consultants

Following the largest downturn in decades, the energy industry faces a talent turning point. While US land operations are mounting a comeback, recent research shows that over two-thirds of re-employed oilfield workers left the industry. Meanwhile, digital automation and 'big data' have moved into the sector, changing forever the talent and competency needs.

In this session we bring together a group of energy talent leaders to discuss the dynamics of re-building the workforce after the downturn. Exploring how digital technologies and demographics are impacting talent strategies--from attraction to development--this dialogue will tackle the most pressing workforce issues facing the industry.

Transcript

1. Boom, Bust, Build: Rethinking the 21st Century Energy Workforce Results from Workforce Lost? 2016 Energy Employment Study Conducted by: www.NewhouseConsultants.com
2. 62% 13% 25% Remain unemployed Re-employed in oil & gas Re-employed outside of oil & gas Survey closed January 16, 2017 65% of respondents who are re-employed have left the oilfield. More than half of those surveyed intend to leave energy work in the next year www.NewhouseConsultants.com
3. Labor Force Participation Decline www.NewhouseConsultants.com
4. 4 www.NewhouseConsultants.com 73 percent of all employers surveyed found it “difficult or very difficult” to hire new employees with needed skills. U.S. DOE 2017 Energy and Employment Report (USEER)
5. #2: Digital disruption https://www.weforum.org/agenda/2016/03/3-trends-transforming-the-energy-sector