Offshore hiring managers report a lack of technical skills as their No. 1 difficulty in securing the right candidates to fill open roles, followed by a lack of experience.
In terms of seniority, experienced professionals without line management duties are also increasingly difficult to source.
Without a structured approach, this tribal knowledge, which has been accumulated of decades and often goes undocumented, will be lost for good.
This is a major risk that cannot be solved simply by delaying retirement or rehiring retirees as part-time consultants. Offshore companies should map knowledge holders to potential departure dates and facilitate mentorship so the trickle of junior talent entering the sector can assume some of that knowledge.
This should be supplemented with improved learning and development programs to ensure companies have access to the skills needed to handle the challenges posed by the changing energy landscape.
Professionals show a real appetite for career development; one-third says they would value taking on new responsibilities, but most (58%) would like to pursue industry training or extended formal training (40%).
Companies that make this a focus stand to benefit from a workforce with higher job satisfaction that can work on more varied and interesting projects, leading to higher retention and fewer skills gaps.
AI is reshaping entry-level roles