The Energy Industry And Its Human Resource Crisis

1457 Words Dec 7th, 2014 6 Pages
The Energy Industry and Its Human Resource Crisis
Addressing the Talent Gap
S. Monique Thomas
University of Mary
Abstract
In the energy industry a crisis is on the horizon. The increase in demand for electricity and natural gas, the aging workforce and demographics, all play a role in the increased need to have talented and skilled employees. There is a talent crisis and it is becoming increasingly difficult to obtain and maintain talented people. Even with a turbulent economy, today’s energy industry economics still remains driven with new technologies from wind and solar. Organizations are now recognizing the importance and the value in attracting and retaining the best and brightest employees. Energy companies in particular are experiencing a large number of baby boomers retiring, continual increase in energy demand, emerging energy fields such as solar and wind, and a lack of skill labor and professional replacements. The purpose of this report is to quantify the addition of value using strategic HR management, strategic recruiting and human resource planning, and training and career development.

The Energy Industry and Its Human Resource Crisis
Addressing the Talent Gap

The Talent Gap
The energy industry has always been a major employer for the United States. There are roughly 9.8 million people who either work in the energy industry or are indirectly employed by the energy industry. The median wage of the typical utility worker is $68k which puts that…
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