The Energy Sector’s Workforce is Aging – What Should Your Company Do?

The energy workforce is aging, and many companies find themselves wondering how to fill the knowledge void as technology advances and experienced employees head towards retirement. As more and more energy employees become eligible to retire in large numbers, the energy industry as a whole is bracing itself for a severe labor shortage and is in need of a solution to address these industry changes throughout individual companies and organizations. The top most successful, innovative, and forward-thinking energy companies are approaching the impending shortage by effectively addressing change in the following key areas:

• Developing and retaining leaders. It is of utmost importance during this period of transition for energy companies to effectively train the next generation of workers while retaining their top employees who are not yet of retirement age. A great deal of emphasis should be placed upon recruiting promising candidates who can be trained in the energy field (with or without prior industry experience) and promoting a strong sense of career satisfaction for seasoned employees as well as new hires.
• Leveraging performance, technology, and organization. The energy industry is finding itself in the unique position of having more vacant positions than available job candidates, making this a prime opportunity for overall evaluation. Companies should take an honest and serious look at their current performance and organizational structure to make an informed deduction on where workers are needed, where technology can step in, and which areas could use a complete restructure.
• Working with an industry specific staffing partner. It is more vital than ever to bring a niche staffing firm on board to hone in on your overall business strategy. An energy staffing firm will be armed with invaluable industry knowledge and insights to locate, recruit, and screen a talent pool of experienced industry employees who may or may not actively be seeking work as well as promising candidates who are new to the field and ready to be trained.

Although the impending shortage can seem intimidating, this upcoming transition means great things for energy job seekers as well as companies looking to grow with the changing workforce. Partnering with a trusted and proven energy staffing firm is the best way to ensure your company addresses change effectively and remains armed with an adaptable workforce that is set up for success. For more resources on how to fill the knowledge void of the aging energy workforce, contact the energy staffing experts at FootBridge Energy today!