The Energy Industry And Its Human Resource Crisis

1457 Words6 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…show more content…
However, for example of the 3423 utility workers in the state of North Dakota, 761 workers are 55 years of age or older this represents 22% of the workforce. The increased demand for clean and efficient energy sources only aggravates the problem. This leaves the nation’s utilities with a major and immediate obstacle. There is also an incredible lack of qualified replacement workers, and this shortage will be seen across all sectors of the energy industry to include electric, hydro, wind, nuclear, fossil, and gas. In order to gain or keep a competitive advantage the energy industry must tackle the shortage by developing a plan to address succession, talent management, and education. The future of the energy industry, with all the new Federal Energy Regulation Commission (FERC) regulations and the deregulation of natural gas and electricity has opened up the industry to competition. Thereby, creating jobs that are original, innovative and directly creating skilled and highly paying jobs. The US Energy Information Administration (EIA) has predicted an increase in the energy industry growth (2013). That growth will produce more jobs, however, the number of skilled professionals joining the field of energy has not increased. There has been secession because the baby boomers are retiring. This shift reflects two trends: In the future energy companies will be looking to expand their workforce at a time when the number of employable people
Open Document