SlideShare a Scribd company logo
1 of 13
Download to read offline
WORKFORCE ACQUISITION
& MANAGEMENT
STRATEGIES IN OIL & GAS
www.wfn360.com/live
THE GAME CHANGERS
What is happening right now that willhave lasting effects on
the energy industry’s long-term workforce strategies?
Brett Haugh Principal and EVP, Ascende
www.wfn360.com/live
ASCENDE ENERGY
ACUMEN
THE ENERGY WORKFORCE
Brett Haugh
GAME CHANGERS
“Game Changers” are critical to understand the energy industry:
Fracking/shale revolution
Regulation and policy changes
Aging workforce
New technology
Grid modernization
Exportation of NGLs
Power generation – mix and carbon management
Infrastructure/new build
Exportation of LNG
5
THE FACTS
Since 2010, the energy
industry has been hiring at a
rate that outpaces the general
economy
0%
25%
50%
Private Sector Oil & Gas
7%
25%
Since 2006, hourly wages
have outpaced general
industry
0.0%
10.0%
20.0%
30.0%
General Industry Oil & Gas
17.8%
23.7%
6
THE FACTS
Up to 50% of energy industry will retire in 5 to 10 years – U.S. Department of Labor
Shortage gaps
Engineering – mechanical, electrical, civil, petroleum, logistics, etc.
Infrastructure – welders, truck drivers, electricians, pipefitters, mechanics, etc.
Global demand for energy will increase by 1/3 through 2023
The significance of game changers are not being factored into HR strategy to fill gaps due
to employees:
Retiring
General attrition
Projected growth expansion
The industry is stealing from each other and driving up costs
Controlling fixed costs, including wages and benefits, will be the key priority
Greg Ebel, Chairman, President and CEO of Spectrum Energy summarized the workforce
challenge like this:
“The limiting factor in the energy industry is not access to capital and not access to
hydrocarbons to produce. The limiting factor is people.”
7
WORKFORCE PLANNING
8
External Drivers
Fracking/Shale
Crew Changes
Millennials
New Technology
Infrastructure Build
Exportation
70% of all companies have NO plan!
Analyze
External Drivers
Business Needs
Internal Workforce
Talent Pipeline
Labor
Demand
Supply
Result
Value
Proposition
WORKFORCE DEVELOPMENT
Community/region
Executive team
Students
Parents
Educators
Build competency
model
Basic
Job-specific
Employment
opportunities
Advancement
Balance supply/
demand
Identify gaps
Game changers
Efficiency
Applicant tracker
Talent supply
Work together
City
Region
Nation
Trade organization
Forum discussions
Compensation
Benefits
Culture
Advancement
Marketing/
engagement
Attraction and
retention
Workforce
Development
Process
Career
Awareness
Education
Workforce
Planning
Structure
and Support
Employee
Value
Proposition
9
VALUE PROPOSITION (SEGMENTED)
10
Boomers Millennials
Attract Retain Motivate Attract Retain Motivate
Base Pay High Medium Low High Low Low
Bonus Low High Medium Medium Medium Medium
Incentives High Medium High Low Medium Low
Benefits High High Low Low Low Low
T&D Low Medium Medium High High High
Culture Low Low Low High High High
Environment Medium Low Low High High High
Secret is the mix of programs and method of communication. What’s important to
Boomers is not important to Millennials.
Additional segmentation by field vs. office personnel.
VALUE PROPOSITION (BASIC CONCEPT)
11
Value Proposition
Pay Benefits Performance Advancement Environment
Base
Bonus
STI
LTI
Medical
Retirement
Life
Accident
Disability
Perquisites
Feedback
Behaviors
Opportunities
Training
Personal Development
Professional Development
Growth Potential
Leadership
Culture
Management
Physical Space
Safety
Security
Diversity
Business Objectives
(3 to 5 years)
Human Resources Objectives
(3 to 5 years)
3 year shelf life maximum
TALENT MANAGEMENT,
DEVELOPMENT AND
ACQUISITION STRATEGIES IN
ENERGY SUMMIT
Tuesday, Sept 30th, 2014 | Omni Houston Hotel at Westside
Your Next Event:
FALL SUMMIT
Save the date!
www.wfn360.com/live
THANK YOU
www.wfn360.com/live

More Related Content

What's hot

Innovation Readiness in Foundation Industries
Innovation Readiness in Foundation IndustriesInnovation Readiness in Foundation Industries
Innovation Readiness in Foundation Industriesenterpriseresearchcentre
 
UEDA Summit 2013 - Awards of Excellence - Leadership & Collaboration - Econom...
UEDA Summit 2013 - Awards of Excellence - Leadership & Collaboration - Econom...UEDA Summit 2013 - Awards of Excellence - Leadership & Collaboration - Econom...
UEDA Summit 2013 - Awards of Excellence - Leadership & Collaboration - Econom...University Economic Development Association
 
9 lithium trade-off studies that can reduce CAPEX and OPEX
9 lithium trade-off studies that can reduce CAPEX and OPEX9 lithium trade-off studies that can reduce CAPEX and OPEX
9 lithium trade-off studies that can reduce CAPEX and OPEXAdvisian
 
OECD Workshop: Measuring Business Impacts on People’s Well-being, Shann Turnbull
OECD Workshop: Measuring Business Impacts on People’s Well-being, Shann TurnbullOECD Workshop: Measuring Business Impacts on People’s Well-being, Shann Turnbull
OECD Workshop: Measuring Business Impacts on People’s Well-being, Shann TurnbullStatsCommunications
 
AICC Productivity and Leadership Event Survey
AICC Productivity and Leadership Event SurveyAICC Productivity and Leadership Event Survey
AICC Productivity and Leadership Event SurveyMetrix Consulting
 

What's hot (9)

Innovation Readiness in Foundation Industries
Innovation Readiness in Foundation IndustriesInnovation Readiness in Foundation Industries
Innovation Readiness in Foundation Industries
 
Seattle - Financial Condition Analysis
Seattle - Financial Condition AnalysisSeattle - Financial Condition Analysis
Seattle - Financial Condition Analysis
 
Patrick Lenain
Patrick LenainPatrick Lenain
Patrick Lenain
 
UEDA Summit 2013 - Awards of Excellence - Leadership & Collaboration - Econom...
UEDA Summit 2013 - Awards of Excellence - Leadership & Collaboration - Econom...UEDA Summit 2013 - Awards of Excellence - Leadership & Collaboration - Econom...
UEDA Summit 2013 - Awards of Excellence - Leadership & Collaboration - Econom...
 
9 lithium trade-off studies that can reduce CAPEX and OPEX
9 lithium trade-off studies that can reduce CAPEX and OPEX9 lithium trade-off studies that can reduce CAPEX and OPEX
9 lithium trade-off studies that can reduce CAPEX and OPEX
 
yearbook-2014
yearbook-2014yearbook-2014
yearbook-2014
 
O C Presentation Dft6
O C  Presentation Dft6O C  Presentation Dft6
O C Presentation Dft6
 
OECD Workshop: Measuring Business Impacts on People’s Well-being, Shann Turnbull
OECD Workshop: Measuring Business Impacts on People’s Well-being, Shann TurnbullOECD Workshop: Measuring Business Impacts on People’s Well-being, Shann Turnbull
OECD Workshop: Measuring Business Impacts on People’s Well-being, Shann Turnbull
 
AICC Productivity and Leadership Event Survey
AICC Productivity and Leadership Event SurveyAICC Productivity and Leadership Event Survey
AICC Productivity and Leadership Event Survey
 

Similar to The Game Changers: What is Happening Right Now That Will Have Lasting Effects on the Energy Industry's Long-Term Workforce Strategies?

The Service Imperative
The Service ImperativeThe Service Imperative
The Service ImperativePTC
 
State of the Sector_Energy
State of the Sector_EnergyState of the Sector_Energy
State of the Sector_EnergyDane Worthington
 
E&u ceo study perspective final 0515ss
E&u ceo study perspective final 0515ssE&u ceo study perspective final 0515ss
E&u ceo study perspective final 0515ssJohn Juliano
 
Investment and business potentials in energy efficiency industry
Investment and business potentials in energy efficiency industry Investment and business potentials in energy efficiency industry
Investment and business potentials in energy efficiency industry ZAINI ABDUL WAHAB
 
Developing Trends of Renewable Energy-small size
Developing Trends of Renewable Energy-small sizeDeveloping Trends of Renewable Energy-small size
Developing Trends of Renewable Energy-small sizeMaxwell Venture Service LLC
 
World Economic Forum Report: The Future of Jobs
World Economic Forum Report: The Future of JobsWorld Economic Forum Report: The Future of Jobs
World Economic Forum Report: The Future of JobsNGA Human Resources
 
2019 William Blair Investment Banking Case Slide Deck
2019 William Blair Investment Banking Case Slide Deck2019 William Blair Investment Banking Case Slide Deck
2019 William Blair Investment Banking Case Slide DeckAlexander Schlatter
 
South Bend Economic Summit Presentation
South Bend Economic Summit PresentationSouth Bend Economic Summit Presentation
South Bend Economic Summit PresentationRWVentures
 
Keynote NYC: Rise of the Super Recruiter
Keynote NYC: Rise of the Super RecruiterKeynote NYC: Rise of the Super Recruiter
Keynote NYC: Rise of the Super RecruiterJobvite
 
Big Bet On Solar PV
Big Bet On Solar PVBig Bet On Solar PV
Big Bet On Solar PVJigar Shah
 
IEDC Technology-Led Economic Development
IEDC Technology-Led Economic DevelopmentIEDC Technology-Led Economic Development
IEDC Technology-Led Economic DevelopmentKevin Loux
 
Practical approach of ENERGY MANAGEMENT to sustain profitability
Practical approach of ENERGY MANAGEMENT to sustain profitabilityPractical approach of ENERGY MANAGEMENT to sustain profitability
Practical approach of ENERGY MANAGEMENT to sustain profitabilityZAINI ABDUL WAHAB
 
Regional Executive Session 10.14.10
Regional Executive Session 10.14.10Regional Executive Session 10.14.10
Regional Executive Session 10.14.10Team NEO
 
Sustainable Energy Roadmap & Implementation Plans (SERIP)
Sustainable Energy Roadmap & Implementation Plans (SERIP)Sustainable Energy Roadmap & Implementation Plans (SERIP)
Sustainable Energy Roadmap & Implementation Plans (SERIP)Worldwatch Institute
 
Career Talk for Undergraduates:Energy efficiency industry and career potenti...
Career Talk for Undergraduates:Energy efficiency industry  and career potenti...Career Talk for Undergraduates:Energy efficiency industry  and career potenti...
Career Talk for Undergraduates:Energy efficiency industry and career potenti...ZAINI ABDUL WAHAB
 
Availability risk of skilled resources in Oil&Gas Sector
Availability risk of skilled resources in Oil&Gas SectorAvailability risk of skilled resources in Oil&Gas Sector
Availability risk of skilled resources in Oil&Gas SectorRoopesh Kotecha
 
Vibrant Gujarat - Innovation & Knowledge Sector Profile
Vibrant Gujarat - Innovation & Knowledge Sector ProfileVibrant Gujarat - Innovation & Knowledge Sector Profile
Vibrant Gujarat - Innovation & Knowledge Sector ProfileVibrant Gujarat
 
Big Bet on Solar Power
Big Bet on Solar PowerBig Bet on Solar Power
Big Bet on Solar PowerJigar Shah
 

Similar to The Game Changers: What is Happening Right Now That Will Have Lasting Effects on the Energy Industry's Long-Term Workforce Strategies? (20)

The Service Imperative
The Service ImperativeThe Service Imperative
The Service Imperative
 
NCYM 2015 MUMBAI
NCYM 2015 MUMBAINCYM 2015 MUMBAI
NCYM 2015 MUMBAI
 
State of the Sector_Energy
State of the Sector_EnergyState of the Sector_Energy
State of the Sector_Energy
 
E&u ceo study perspective final 0515ss
E&u ceo study perspective final 0515ssE&u ceo study perspective final 0515ss
E&u ceo study perspective final 0515ss
 
Investment and business potentials in energy efficiency industry
Investment and business potentials in energy efficiency industry Investment and business potentials in energy efficiency industry
Investment and business potentials in energy efficiency industry
 
Developing Trends of Renewable Energy-small size
Developing Trends of Renewable Energy-small sizeDeveloping Trends of Renewable Energy-small size
Developing Trends of Renewable Energy-small size
 
World Economic Forum Report: The Future of Jobs
World Economic Forum Report: The Future of JobsWorld Economic Forum Report: The Future of Jobs
World Economic Forum Report: The Future of Jobs
 
2019 William Blair Investment Banking Case Slide Deck
2019 William Blair Investment Banking Case Slide Deck2019 William Blair Investment Banking Case Slide Deck
2019 William Blair Investment Banking Case Slide Deck
 
South Bend Economic Summit Presentation
South Bend Economic Summit PresentationSouth Bend Economic Summit Presentation
South Bend Economic Summit Presentation
 
Keynote NYC: Rise of the Super Recruiter
Keynote NYC: Rise of the Super RecruiterKeynote NYC: Rise of the Super Recruiter
Keynote NYC: Rise of the Super Recruiter
 
Big Bet On Solar PV
Big Bet On Solar PVBig Bet On Solar PV
Big Bet On Solar PV
 
IEDC Technology-Led Economic Development
IEDC Technology-Led Economic DevelopmentIEDC Technology-Led Economic Development
IEDC Technology-Led Economic Development
 
Practical approach of ENERGY MANAGEMENT to sustain profitability
Practical approach of ENERGY MANAGEMENT to sustain profitabilityPractical approach of ENERGY MANAGEMENT to sustain profitability
Practical approach of ENERGY MANAGEMENT to sustain profitability
 
Regional Executive Session 10.14.10
Regional Executive Session 10.14.10Regional Executive Session 10.14.10
Regional Executive Session 10.14.10
 
Sustainable Energy Roadmap & Implementation Plans (SERIP)
Sustainable Energy Roadmap & Implementation Plans (SERIP)Sustainable Energy Roadmap & Implementation Plans (SERIP)
Sustainable Energy Roadmap & Implementation Plans (SERIP)
 
Career Talk for Undergraduates:Energy efficiency industry and career potenti...
Career Talk for Undergraduates:Energy efficiency industry  and career potenti...Career Talk for Undergraduates:Energy efficiency industry  and career potenti...
Career Talk for Undergraduates:Energy efficiency industry and career potenti...
 
Sustainable Energy Roadmaps
Sustainable Energy RoadmapsSustainable Energy Roadmaps
Sustainable Energy Roadmaps
 
Availability risk of skilled resources in Oil&Gas Sector
Availability risk of skilled resources in Oil&Gas SectorAvailability risk of skilled resources in Oil&Gas Sector
Availability risk of skilled resources in Oil&Gas Sector
 
Vibrant Gujarat - Innovation & Knowledge Sector Profile
Vibrant Gujarat - Innovation & Knowledge Sector ProfileVibrant Gujarat - Innovation & Knowledge Sector Profile
Vibrant Gujarat - Innovation & Knowledge Sector Profile
 
Big Bet on Solar Power
Big Bet on Solar PowerBig Bet on Solar Power
Big Bet on Solar Power
 

More from WorkforceNEXT

Challenging the HR Community to Think in Terms of ROI
Challenging the HR Community to Think in Terms of ROIChallenging the HR Community to Think in Terms of ROI
Challenging the HR Community to Think in Terms of ROIWorkforceNEXT
 
Workforce Sustainability - Building a Thriving Workforce in a Rebalance Era
Workforce Sustainability - Building a Thriving Workforce in a Rebalance EraWorkforce Sustainability - Building a Thriving Workforce in a Rebalance Era
Workforce Sustainability - Building a Thriving Workforce in a Rebalance EraWorkforceNEXT
 
Steering into the Storm: O&G Economic Outlook
Steering into the Storm: O&G Economic OutlookSteering into the Storm: O&G Economic Outlook
Steering into the Storm: O&G Economic OutlookWorkforceNEXT
 
The Heat is On - Building and Leveraging your Training Toolkit
The Heat is On - Building and Leveraging your Training Toolkit The Heat is On - Building and Leveraging your Training Toolkit
The Heat is On - Building and Leveraging your Training Toolkit WorkforceNEXT
 
What’s Your Game Plan? Workforce Planning - How to Find, Build and Utilize An...
What’s Your Game Plan? Workforce Planning - How to Find, Build and Utilize An...What’s Your Game Plan? Workforce Planning - How to Find, Build and Utilize An...
What’s Your Game Plan? Workforce Planning - How to Find, Build and Utilize An...WorkforceNEXT
 
The Heat is On - Building and Leveraging your Training Toolkit
The Heat is On - Building and Leveraging your Training Toolkit The Heat is On - Building and Leveraging your Training Toolkit
The Heat is On - Building and Leveraging your Training Toolkit WorkforceNEXT
 
What’s Your Game Plan? Workforce Planning - How to Find, Build and Utilize An...
What’s Your Game Plan? Workforce Planning - How to Find, Build and Utilize An...What’s Your Game Plan? Workforce Planning - How to Find, Build and Utilize An...
What’s Your Game Plan? Workforce Planning - How to Find, Build and Utilize An...WorkforceNEXT
 
You Say you Want a Revolution - How is HR Evolving in Today's Energy Marketpl...
You Say you Want a Revolution - How is HR Evolving in Today's Energy Marketpl...You Say you Want a Revolution - How is HR Evolving in Today's Energy Marketpl...
You Say you Want a Revolution - How is HR Evolving in Today's Energy Marketpl...WorkforceNEXT
 
Keynote: View from the C-Suite - Aligning HR with Management Strategy - Prepa...
Keynote: View from the C-Suite - Aligning HR with Management Strategy - Prepa...Keynote: View from the C-Suite - Aligning HR with Management Strategy - Prepa...
Keynote: View from the C-Suite - Aligning HR with Management Strategy - Prepa...WorkforceNEXT
 
Keynote: Opportunities, Trends & Forecasts for O&G - Midstream/Downstream Pro...
Keynote: Opportunities, Trends & Forecasts for O&G - Midstream/Downstream Pro...Keynote: Opportunities, Trends & Forecasts for O&G - Midstream/Downstream Pro...
Keynote: Opportunities, Trends & Forecasts for O&G - Midstream/Downstream Pro...WorkforceNEXT
 
Organizational Development - What you Need to Know Right Now to Thrive - part 1
Organizational Development - What you Need to Know Right Now to Thrive - part 1Organizational Development - What you Need to Know Right Now to Thrive - part 1
Organizational Development - What you Need to Know Right Now to Thrive - part 1WorkforceNEXT
 
Talent Acquisition: How has the Price of Oil Altered O&G Industry Recruitment...
Talent Acquisition: How has the Price of Oil Altered O&G Industry Recruitment...Talent Acquisition: How has the Price of Oil Altered O&G Industry Recruitment...
Talent Acquisition: How has the Price of Oil Altered O&G Industry Recruitment...WorkforceNEXT
 
Talent Acquisition: How has the Price of Oil Altered O&G Industry Recruitment...
Talent Acquisition: How has the Price of Oil Altered O&G Industry Recruitment...Talent Acquisition: How has the Price of Oil Altered O&G Industry Recruitment...
Talent Acquisition: How has the Price of Oil Altered O&G Industry Recruitment...WorkforceNEXT
 
Working Together as a Leadership Team in a Downturn - part 4
Working Together as a Leadership Team in a Downturn - part 4Working Together as a Leadership Team in a Downturn - part 4
Working Together as a Leadership Team in a Downturn - part 4WorkforceNEXT
 
Working Together as a Leadership Team in a Downturn - part 2
Working Together as a Leadership Team in a Downturn - part 2Working Together as a Leadership Team in a Downturn - part 2
Working Together as a Leadership Team in a Downturn - part 2WorkforceNEXT
 
Working Together as a Leadership Team in a Downturn - part 1
Working Together as a Leadership Team in a Downturn - part 1Working Together as a Leadership Team in a Downturn - part 1
Working Together as a Leadership Team in a Downturn - part 1WorkforceNEXT
 
Keynote: Navigating Turbulent Waters - An Assessment & Outlook for the O&G In...
Keynote: Navigating Turbulent Waters - An Assessment & Outlook for the O&G In...Keynote: Navigating Turbulent Waters - An Assessment & Outlook for the O&G In...
Keynote: Navigating Turbulent Waters - An Assessment & Outlook for the O&G In...WorkforceNEXT
 
WorkforceNEXT Infographic
WorkforceNEXT InfographicWorkforceNEXT Infographic
WorkforceNEXT InfographicWorkforceNEXT
 
Talent Acquisition: Case Study Presentations
Talent Acquisition: Case Study PresentationsTalent Acquisition: Case Study Presentations
Talent Acquisition: Case Study PresentationsWorkforceNEXT
 
Educators' Commitment to Preparing a New Generation of Oilfield Workers
Educators' Commitment to Preparing a New Generation of Oilfield WorkersEducators' Commitment to Preparing a New Generation of Oilfield Workers
Educators' Commitment to Preparing a New Generation of Oilfield WorkersWorkforceNEXT
 

More from WorkforceNEXT (20)

Challenging the HR Community to Think in Terms of ROI
Challenging the HR Community to Think in Terms of ROIChallenging the HR Community to Think in Terms of ROI
Challenging the HR Community to Think in Terms of ROI
 
Workforce Sustainability - Building a Thriving Workforce in a Rebalance Era
Workforce Sustainability - Building a Thriving Workforce in a Rebalance EraWorkforce Sustainability - Building a Thriving Workforce in a Rebalance Era
Workforce Sustainability - Building a Thriving Workforce in a Rebalance Era
 
Steering into the Storm: O&G Economic Outlook
Steering into the Storm: O&G Economic OutlookSteering into the Storm: O&G Economic Outlook
Steering into the Storm: O&G Economic Outlook
 
The Heat is On - Building and Leveraging your Training Toolkit
The Heat is On - Building and Leveraging your Training Toolkit The Heat is On - Building and Leveraging your Training Toolkit
The Heat is On - Building and Leveraging your Training Toolkit
 
What’s Your Game Plan? Workforce Planning - How to Find, Build and Utilize An...
What’s Your Game Plan? Workforce Planning - How to Find, Build and Utilize An...What’s Your Game Plan? Workforce Planning - How to Find, Build and Utilize An...
What’s Your Game Plan? Workforce Planning - How to Find, Build and Utilize An...
 
The Heat is On - Building and Leveraging your Training Toolkit
The Heat is On - Building and Leveraging your Training Toolkit The Heat is On - Building and Leveraging your Training Toolkit
The Heat is On - Building and Leveraging your Training Toolkit
 
What’s Your Game Plan? Workforce Planning - How to Find, Build and Utilize An...
What’s Your Game Plan? Workforce Planning - How to Find, Build and Utilize An...What’s Your Game Plan? Workforce Planning - How to Find, Build and Utilize An...
What’s Your Game Plan? Workforce Planning - How to Find, Build and Utilize An...
 
You Say you Want a Revolution - How is HR Evolving in Today's Energy Marketpl...
You Say you Want a Revolution - How is HR Evolving in Today's Energy Marketpl...You Say you Want a Revolution - How is HR Evolving in Today's Energy Marketpl...
You Say you Want a Revolution - How is HR Evolving in Today's Energy Marketpl...
 
Keynote: View from the C-Suite - Aligning HR with Management Strategy - Prepa...
Keynote: View from the C-Suite - Aligning HR with Management Strategy - Prepa...Keynote: View from the C-Suite - Aligning HR with Management Strategy - Prepa...
Keynote: View from the C-Suite - Aligning HR with Management Strategy - Prepa...
 
Keynote: Opportunities, Trends & Forecasts for O&G - Midstream/Downstream Pro...
Keynote: Opportunities, Trends & Forecasts for O&G - Midstream/Downstream Pro...Keynote: Opportunities, Trends & Forecasts for O&G - Midstream/Downstream Pro...
Keynote: Opportunities, Trends & Forecasts for O&G - Midstream/Downstream Pro...
 
Organizational Development - What you Need to Know Right Now to Thrive - part 1
Organizational Development - What you Need to Know Right Now to Thrive - part 1Organizational Development - What you Need to Know Right Now to Thrive - part 1
Organizational Development - What you Need to Know Right Now to Thrive - part 1
 
Talent Acquisition: How has the Price of Oil Altered O&G Industry Recruitment...
Talent Acquisition: How has the Price of Oil Altered O&G Industry Recruitment...Talent Acquisition: How has the Price of Oil Altered O&G Industry Recruitment...
Talent Acquisition: How has the Price of Oil Altered O&G Industry Recruitment...
 
Talent Acquisition: How has the Price of Oil Altered O&G Industry Recruitment...
Talent Acquisition: How has the Price of Oil Altered O&G Industry Recruitment...Talent Acquisition: How has the Price of Oil Altered O&G Industry Recruitment...
Talent Acquisition: How has the Price of Oil Altered O&G Industry Recruitment...
 
Working Together as a Leadership Team in a Downturn - part 4
Working Together as a Leadership Team in a Downturn - part 4Working Together as a Leadership Team in a Downturn - part 4
Working Together as a Leadership Team in a Downturn - part 4
 
Working Together as a Leadership Team in a Downturn - part 2
Working Together as a Leadership Team in a Downturn - part 2Working Together as a Leadership Team in a Downturn - part 2
Working Together as a Leadership Team in a Downturn - part 2
 
Working Together as a Leadership Team in a Downturn - part 1
Working Together as a Leadership Team in a Downturn - part 1Working Together as a Leadership Team in a Downturn - part 1
Working Together as a Leadership Team in a Downturn - part 1
 
Keynote: Navigating Turbulent Waters - An Assessment & Outlook for the O&G In...
Keynote: Navigating Turbulent Waters - An Assessment & Outlook for the O&G In...Keynote: Navigating Turbulent Waters - An Assessment & Outlook for the O&G In...
Keynote: Navigating Turbulent Waters - An Assessment & Outlook for the O&G In...
 
WorkforceNEXT Infographic
WorkforceNEXT InfographicWorkforceNEXT Infographic
WorkforceNEXT Infographic
 
Talent Acquisition: Case Study Presentations
Talent Acquisition: Case Study PresentationsTalent Acquisition: Case Study Presentations
Talent Acquisition: Case Study Presentations
 
Educators' Commitment to Preparing a New Generation of Oilfield Workers
Educators' Commitment to Preparing a New Generation of Oilfield WorkersEducators' Commitment to Preparing a New Generation of Oilfield Workers
Educators' Commitment to Preparing a New Generation of Oilfield Workers
 

Recently uploaded

Durg Escorts Service Girl ^ 9332606886, WhatsApp Anytime Durg
Durg Escorts Service Girl ^ 9332606886, WhatsApp Anytime DurgDurg Escorts Service Girl ^ 9332606886, WhatsApp Anytime Durg
Durg Escorts Service Girl ^ 9332606886, WhatsApp Anytime Durgmeghakumariji156
 
Satna Escorts Service Girl ^ 9332606886, WhatsApp Anytime Satna
Satna Escorts Service Girl ^ 9332606886, WhatsApp Anytime SatnaSatna Escorts Service Girl ^ 9332606886, WhatsApp Anytime Satna
Satna Escorts Service Girl ^ 9332606886, WhatsApp Anytime Satnameghakumariji156
 
Effective Project Team Structure Template Excel
Effective Project Team Structure Template ExcelEffective Project Team Structure Template Excel
Effective Project Team Structure Template ExcelSaira Khalid
 
Ulhasnagar Escorts Service Girl ^ 9332606886, WhatsApp Anytime Ulhasnagar
Ulhasnagar Escorts Service Girl ^ 9332606886, WhatsApp Anytime UlhasnagarUlhasnagar Escorts Service Girl ^ 9332606886, WhatsApp Anytime Ulhasnagar
Ulhasnagar Escorts Service Girl ^ 9332606886, WhatsApp Anytime Ulhasnagarmeghakumariji156
 
Abortion pills in Jeddah +966572737505 <> buy cytotec <> unwanted kit Saudi A...
Abortion pills in Jeddah +966572737505 <> buy cytotec <> unwanted kit Saudi A...Abortion pills in Jeddah +966572737505 <> buy cytotec <> unwanted kit Saudi A...
Abortion pills in Jeddah +966572737505 <> buy cytotec <> unwanted kit Saudi A...samsungultra782445
 
Webinar - Maximize the efficiency of your merit increase cycle
Webinar - Maximize the efficiency of your merit increase cycleWebinar - Maximize the efficiency of your merit increase cycle
Webinar - Maximize the efficiency of your merit increase cyclePayScale, Inc.
 
Will Robots Steal Your Jobs? Will Robots Steal Your Jobs? 10 Eye-Opening Work...
Will Robots Steal Your Jobs? Will Robots Steal Your Jobs? 10 Eye-Opening Work...Will Robots Steal Your Jobs? Will Robots Steal Your Jobs? 10 Eye-Opening Work...
Will Robots Steal Your Jobs? Will Robots Steal Your Jobs? 10 Eye-Opening Work...Jasper Colin
 

Recently uploaded (7)

Durg Escorts Service Girl ^ 9332606886, WhatsApp Anytime Durg
Durg Escorts Service Girl ^ 9332606886, WhatsApp Anytime DurgDurg Escorts Service Girl ^ 9332606886, WhatsApp Anytime Durg
Durg Escorts Service Girl ^ 9332606886, WhatsApp Anytime Durg
 
Satna Escorts Service Girl ^ 9332606886, WhatsApp Anytime Satna
Satna Escorts Service Girl ^ 9332606886, WhatsApp Anytime SatnaSatna Escorts Service Girl ^ 9332606886, WhatsApp Anytime Satna
Satna Escorts Service Girl ^ 9332606886, WhatsApp Anytime Satna
 
Effective Project Team Structure Template Excel
Effective Project Team Structure Template ExcelEffective Project Team Structure Template Excel
Effective Project Team Structure Template Excel
 
Ulhasnagar Escorts Service Girl ^ 9332606886, WhatsApp Anytime Ulhasnagar
Ulhasnagar Escorts Service Girl ^ 9332606886, WhatsApp Anytime UlhasnagarUlhasnagar Escorts Service Girl ^ 9332606886, WhatsApp Anytime Ulhasnagar
Ulhasnagar Escorts Service Girl ^ 9332606886, WhatsApp Anytime Ulhasnagar
 
Abortion pills in Jeddah +966572737505 <> buy cytotec <> unwanted kit Saudi A...
Abortion pills in Jeddah +966572737505 <> buy cytotec <> unwanted kit Saudi A...Abortion pills in Jeddah +966572737505 <> buy cytotec <> unwanted kit Saudi A...
Abortion pills in Jeddah +966572737505 <> buy cytotec <> unwanted kit Saudi A...
 
Webinar - Maximize the efficiency of your merit increase cycle
Webinar - Maximize the efficiency of your merit increase cycleWebinar - Maximize the efficiency of your merit increase cycle
Webinar - Maximize the efficiency of your merit increase cycle
 
Will Robots Steal Your Jobs? Will Robots Steal Your Jobs? 10 Eye-Opening Work...
Will Robots Steal Your Jobs? Will Robots Steal Your Jobs? 10 Eye-Opening Work...Will Robots Steal Your Jobs? Will Robots Steal Your Jobs? 10 Eye-Opening Work...
Will Robots Steal Your Jobs? Will Robots Steal Your Jobs? 10 Eye-Opening Work...
 

The Game Changers: What is Happening Right Now That Will Have Lasting Effects on the Energy Industry's Long-Term Workforce Strategies?

  • 1. WORKFORCE ACQUISITION & MANAGEMENT STRATEGIES IN OIL & GAS www.wfn360.com/live
  • 2. THE GAME CHANGERS What is happening right now that willhave lasting effects on the energy industry’s long-term workforce strategies? Brett Haugh Principal and EVP, Ascende www.wfn360.com/live
  • 5. GAME CHANGERS “Game Changers” are critical to understand the energy industry: Fracking/shale revolution Regulation and policy changes Aging workforce New technology Grid modernization Exportation of NGLs Power generation – mix and carbon management Infrastructure/new build Exportation of LNG 5
  • 6. THE FACTS Since 2010, the energy industry has been hiring at a rate that outpaces the general economy 0% 25% 50% Private Sector Oil & Gas 7% 25% Since 2006, hourly wages have outpaced general industry 0.0% 10.0% 20.0% 30.0% General Industry Oil & Gas 17.8% 23.7% 6
  • 7. THE FACTS Up to 50% of energy industry will retire in 5 to 10 years – U.S. Department of Labor Shortage gaps Engineering – mechanical, electrical, civil, petroleum, logistics, etc. Infrastructure – welders, truck drivers, electricians, pipefitters, mechanics, etc. Global demand for energy will increase by 1/3 through 2023 The significance of game changers are not being factored into HR strategy to fill gaps due to employees: Retiring General attrition Projected growth expansion The industry is stealing from each other and driving up costs Controlling fixed costs, including wages and benefits, will be the key priority Greg Ebel, Chairman, President and CEO of Spectrum Energy summarized the workforce challenge like this: “The limiting factor in the energy industry is not access to capital and not access to hydrocarbons to produce. The limiting factor is people.” 7
  • 8. WORKFORCE PLANNING 8 External Drivers Fracking/Shale Crew Changes Millennials New Technology Infrastructure Build Exportation 70% of all companies have NO plan! Analyze External Drivers Business Needs Internal Workforce Talent Pipeline Labor Demand Supply Result Value Proposition
  • 9. WORKFORCE DEVELOPMENT Community/region Executive team Students Parents Educators Build competency model Basic Job-specific Employment opportunities Advancement Balance supply/ demand Identify gaps Game changers Efficiency Applicant tracker Talent supply Work together City Region Nation Trade organization Forum discussions Compensation Benefits Culture Advancement Marketing/ engagement Attraction and retention Workforce Development Process Career Awareness Education Workforce Planning Structure and Support Employee Value Proposition 9
  • 10. VALUE PROPOSITION (SEGMENTED) 10 Boomers Millennials Attract Retain Motivate Attract Retain Motivate Base Pay High Medium Low High Low Low Bonus Low High Medium Medium Medium Medium Incentives High Medium High Low Medium Low Benefits High High Low Low Low Low T&D Low Medium Medium High High High Culture Low Low Low High High High Environment Medium Low Low High High High Secret is the mix of programs and method of communication. What’s important to Boomers is not important to Millennials. Additional segmentation by field vs. office personnel.
  • 11. VALUE PROPOSITION (BASIC CONCEPT) 11 Value Proposition Pay Benefits Performance Advancement Environment Base Bonus STI LTI Medical Retirement Life Accident Disability Perquisites Feedback Behaviors Opportunities Training Personal Development Professional Development Growth Potential Leadership Culture Management Physical Space Safety Security Diversity Business Objectives (3 to 5 years) Human Resources Objectives (3 to 5 years) 3 year shelf life maximum
  • 12. TALENT MANAGEMENT, DEVELOPMENT AND ACQUISITION STRATEGIES IN ENERGY SUMMIT Tuesday, Sept 30th, 2014 | Omni Houston Hotel at Westside Your Next Event: FALL SUMMIT Save the date! www.wfn360.com/live