Demand for energy going forward is likely to be significant, with the biggest movements occurring in emerging economies right on our doorstep.
Australia is poised to overtake Qatar as the world’s largest exporter of Liquefied Natural Gas by the end of this decade and the industry is well aware of the need to continue to innovate to seize these future opportunities.
There are three areas where co-operation amongst operators can make a significant difference in this environment:
- Developing workforce capability and training capacity
- Sharing infrastructure/expertise for major onshore and offshore maintenance
- Joint management of health, safety and environmental issues in the region, and emergency responses
There needs to be a shift in mindset within the Oil and Gas industry locally to focus on the root causes impacting people capability. Operators currently use their own internal measures to determine workforce needs (of varying levels of maturity). These are typically reactive and or limited by the often incomplete state of data collection and analysis and disparate systems used internally.
Mercer can fill the data gaps
Mercer’s proposed approach to solving these challenges is to partner with industry stakeholders to develop a shared vision for the ‘workforce of the future and identify and address ‘gaps’ through-out the talent supply chain. Our strong industry expertise and unmatched longitudinal, global data sets will be blended with local insights to reach the goals and objectives for the industry. We are well poised to support local operators to make informed and strategic decisions regarding their workforce capabilities by conducting current demand and supply analytics across the industry and within individual operations to identify gaps in current and future supply and demand.
Figure 1. below provides an overview of our process for sound talent decisions.
Figure 1. Overview of Mercer’s approach for sound talent decisions.
As Executives focus on cost reduction and maximising asset availability, they need to keep an eye on internal and external labour markets to avoid the risk of operational breakdowns, now and into the future due to the advancements in technology, an ageing workforce and other economic and workforce factors impacting on the talent landscape.
For more information, contact Mercer.
Access our latest research published in the Oil and Gas Talent Outlook Report 2015-2016.