Energy is upstream from every aspect of the global economy. A shortage of energy workers means a slowdown in energy projects and production. That supply squeeze can affect transportation costs, retail prices, leisure, travel, disposable income and can spark rising consumer staples costs — all topics that have been acutely top of mind for consumers, businesses, policy makers and the media.

As our energy supply transitions to more sustainable sources, we add further pressures to the energy workforce. Altering the composition of skills needed and forcing us to reinvent our talent acquisition strategies. In the last quarter of 2021, 85% of Capstone’s Energy clients reported a skills shortage, (this is despite four out of five workers in the oil and gas sector indicating they would be willing to move to other parts of the energy industry) with the toughest hires across Grid, Project Development, Civil Construction and Commercial Management.

It has become evident that there is a shortage of the skills needed to make this transition, due in part to an aging workforce and a lack of training opportunities for new and emerging technologies. Couple this with an increase in clean energy investment and an ever-growing renewable energy project pipeline, the existing workforce has been promoted and stretched thin, with little to no thought given to the energy workforce of tomorrow.

How to win the War for Talent :

How to Avoid the War for Talent:

The war for talent across the energy industry is real. As demand for energy professionals increases, businesses will need to think differently about how to attract the best talent.

If you would like to discuss how to best position your business further, please get in touch with Lucas Wilkinson , our Head of Energy.

The post Energy’s War For Talent first appeared on Capstone.