Oil Industry Faces Huge Labor Shortages

There is a huge workforce crunch taking place in the oil and gas industry, even with the economic downturn.  Over half of the energy sector workforce will be retiring in the next 10 years. This poses a monumental challenge to all companies in the sector, and ensures that job openings will continue to increase. There is a massive effort underfoot to document the knowledge and experience of the departing workforce, but documentation can only go so far – what will be needed are workers, in all job categories.

HOUSTON (Dow Jones Newswires), Mar. 23, 2009

by Isabel Ordonez      Dow Jones Newswires      Monday, March 23, 2009

Major oil companies are looking for the solution to the work force crunch in their employees’ electronic trail.

ConocoPhillips, Chevron Corp. and BP PLC are encouraging employees to use handheld computers, interactive Web pages, blogs, social networks and other media to store information on how they make crucial decisions or resolve problems at the office and in the field.

This new generation of options allows companies to partially solve one of their biggest challenges: the retirement of half of their workforce over the next 10 years. The shift allows employees to more efficiently communicate on a large scale, as well as archive knowledge and reduce training costs, the companies said.

The U.S. energy industry’s fortunes are increasingly tied to companies’ abilities to bridge the gap between new employees and graying generations retiring at a fast pace.

These companies laid off millions when oil prices plunged in the 1980s, scaring a whole generation away from the oil patch only to find themselves with a reduced, aging workforce in the midst on a new oil boom.

Neither the recent drop in oil prices, which have fallen from all-time highs above $147 to about $50 a barrel recently, nor the economic downturn’s havoc on retirement plans, are significantly affecting the decision by veterans to leave the industry, according to a recent survey by consultancy Accenture.

Thus, oil companies, and large producers – which despite the current crisis will need a slew of new workers in the long-term -are resorting to initiatives ranging from energy-focused high schools to lure young talent to using new technology to hold off the demographic time bomb.

This is why there has never been a better time in history to enter the oil and gas industry.

For those considering employment in this arena, either offshore or in the oil patch, the industry insiders at RIGWORKER provide a comprehensive resource for getting hired.

The Oil and Gas Jobs Resource Kit is designed as a toolkit for those who wish to go to work in the oil industry, regardless of the position or location. Produced by http://OilJobsGuide.com, the Oil and Gas Jobs Resource Kit is the best resource of its kind available for any price. The Oil and Gas Jobs Resource Kit oil company hiring contacts,recruiter contacts, job listing resources, and web sites you can post your resume on for free.

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