Infographic: Key HCM challenges in the Oil and Gas industry
Integrated human capital management solutions are key in an industry where the workforce is globally dispersed and aging, the organizational architecture complex and the nature of the business low-margin and capital-intensive. Such dedicated HCM solutions enable you to engage and retain talent as well as seamlessly integrate new teams especially in times of market instability.
With the right processes and technology, you can reduce the risk and uncertainty of making critical enterprise and talent decisions by having accurate, real-time information at your finger-tips. Leveraging the simple user- interface and robust analytics, turn data into intelligence and gain confidence in the org and talent decisions you make for your enterprise.
Published on: Mar 3, 2016
Transcripts - Infographic: Key HCM challenges in the Oil and Gas industry
of workers have
been brought in
of the african
spending time on
age of oil & gas
are likely to
retire in the
of oil & gas
the lack of a skilled
as a problem
job cuts expected
TOP 3 PRIORITIES FOR 2015
Decrease the “poaching” of talent.#1
Consider how to enhance
cost effectiveness of HR delivery.
#2 Freeze or cut compensation.
THE KEY CAUSE OF SKILLS SHORTAGES
# of new professionals
entering the industry
Strict immigration laws
Outdated skills sets
Loss of manpower due
to the retiring workforce
EMPLOYER’S CONCERNS IN THE CURRENT EMPLOYMENT MARKET GLOBALLY
Skills shortages Economic instability Environmental
29.8% 24.0% 14.7% 11.4% 9.3% 10.9%
Crude Oil Prices in 2014
Jan. Mar. May Jul. Sep. Nov.
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TOP HR CHALLENGES - OIL & GAS
Sources: Hays, Global salary guide 2015 - Mercer, Managing human capital assets during a market disruption