The third annual Global Energy Talent Index (GETI), the world’s largest energy recruitment and employment trends report, has found that power companies are struggling to address current talent shortages while adapting to the changing skills needs resulting from digitalisation.
Airswift and Energy Jobline surveyed more than 17,000 energy professionals and hiring managers in 162 countries across five industry sub-sectors: oil and gas, renewables, power, nuclear and petrochemicals.
The report indicates that 48 per cent of power professionals are concerned about an impending talent emergency, with 32 per cent believing the crisis to have already hit the sector and 38 per cent reporting that their company had been affected by skills shortages.
The problem is most profound in engineering, with 62 per cent of respondents citing that as the discipline most affected by talent shortages, with project leadership a distant second on 22 per cent. When it comes to specific skills gaps, problem-solving (29 per cent), leadership (19 per cent) and process management (13 per cent) lead the way.
In addition to providing much-needed insights into the skills gap, GETI is also the industry’s most comprehensive salary and mobility survey. Key findings within power include:
- Remuneration is on the up. Fifty-seven per cent of non-hiring professionals report an increase in pay over the past 12 months, with 29 per cent citing a raise of more than five per cent
- Seventy-four per cent of non-hiring professionals anticipate further pay rises in 2019 – with 44 per cent expecting remuneration to rise by more than five per cent
- Ninety per cent of professionals would consider relocating to another region for their job, with career progression opportunities the number one factor attracting talent to a region
- Renewables provides the biggest source of competition for talent, with 47 per cent of those open to switching sectors attracted to the industry, followed by oil and gas on 40 per cent
The report is available to download at https://www.getireport.com/download-report.