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Last updateTue, 28 Jul 2015 10am

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Energy Industry Says Talent Shortage Will Affect Competitiveness

According to projections from Manpower, jobs in the energy industry are expected to nearly double to 3 million by 2020, yet Manpower research shows 72% of energy employers say the inability to attract quality candidates will impact North American competitiveness.

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.

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