Report on talent scarcity in energy storage industry

Why is hiring talent a problem in the energy sector?

Hiring talent to backfill critical roles and fill new roles presents a unique set of obstacles in the energy sector. Experienced workers are retiring, mid-tenure employees have new opportunities in adjacent industries, and data indicates that fewer new employees are entering this workforce.

How can companies thrive in a world of increasing talent scarcity?

Five approaches can help companies thrive in this world of increasing talent scarcity: A strong brand that is visible to employees. Attracting a large pool of new talent can present challenges if few people have heard of you or know you are in the renewables business.

Are energy and materials companies attracting and retaining talent?

Competition for employees is also heating up. Since 2016, out of all the employees who left their roles in energy and materials companies, 42 percent moved to a different industry. 9 This underlines the very competitive nature of attracting and retaining talent within the sector.

How can renewables players find the right talent at affordable salaries?

To find the right talent at affordable salaries, renewables players will have to rethink critical HR and recruitment strategies and processes. While they can apply some best practices from other industries, ambitious companies will also want to consider new and unconventional ways of attracting and retaining talent.

Why is there a battery skills shortage?

The increasingly interdisciplinary nature of the battery field, contrasting with mostly singular disciplinary educational offerings, could be a contributing factor to the battery skills shortage, particularly in battery engineering positions.

How does the great attrition affect renewables?

The rapid growth of renewables depends on the industry finding enough employees with the right skills and experience. Across economies, the Great Attrition is making it difficult for companies to find and retain employees.