Good oil and gas talent is in short supply. Combine the so-called “Big Shift Change” with the reduced number of students applying for and completing STEM courses in college, and there is a serious concern about where the next generation of industry talent will come from.
As oil and gas companies bring in new talent to meet staffing demands, CEB research shows that five-in-six hiring managers believe their new graduate hires lack the skills and knowledge they need to be successful. But rather than changing their hiring strategies to find candidates with the potential to learn and develop those skills and knowledge, many companies continue to waste money on ineffective and poorly targeted recruitment programs. As a result, these companies are forced to replace a growing percentage of their graduate hires within the first year.
One thing is for certain – millennials, or workers born between 1980 and 2000, will be a critical part of the oil and gas workforce of tomorrow. So how can today’s oil and gas leaders find strong millennial talent who make an impact quickly? We’ve identified several tips for companies that want to see greater return on investment for millennial recruitment.