Talent to run the new transportation energy storage plant in the united states

Why do companies need a talent strategy for renewables?

In renewables, companies are growing faster than the supply of leaders can keep up with, forcing them to be especially imaginative in competing for, retaining and developing talent. We believe that without a new paradigm of leadership and an associated talent strategy, this global energy crisis will never be solved.

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.

What will the energy industry look like in the next decade?

The real competition in energy in the next decade will not be for capital or customers, but for leaders. Traditional sources of talent for oil and gas – namely trained engineers and geologists – are drying up. Consecutive oil and gas downturns have created a leadership deficit, and baby boomers are beginning to exit the 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.

Is the energy industry facing a talent crisis?

The energy industry is facing a talent crisis. Billions will be ploughed into clean energy in coming years but we need a sustainable supply of new leaders to boost production. Forward-thinking leadership is required to differentiate and create market advantage as the real competition in energy is for leaders.

What is the biggest challenge facing energy transition?

The World Economic Forum’s Energy Transition Index, which ranks 115 economies on how well they balance energy security and access with environmental sustainability and affordability, shows that the biggest challenge facing energy transition is the lack of readiness among the world’s largest emitters, including US, China, India and Russia.