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A Joint HR/Technical Discipline Approach to Recruitment, Development and Retention of Talent Worldwide
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, IPTC 2008: International Petroleum Technology Conference, Dec 2008, cp-148-00255
Abstract
Today’s high-oil price environment is providing a number of challenges for the industry, be they technological, political,<br>economic, or a combination of all three. One of the economic drivers is manpower: the shortage of skilled labour – a product<br>of industry layoffs and limited recruitment during the downturn, and the resulting closure of university departments<br>specialising in the different oil-industry disciplines, at a time when high oil prices render previously uneconomic projects<br>attractive and lead to an increase in activity – means that companies must become more imaginative in terms of sourcing,<br>developing, and retaining talent.