Page 2: Workforce planning
Workforce planning is the process of planning for the future labour needs of a business. An analysis will show the numbers, skills and locations of people needed. Recruitment and training can then be focused on meeting those needs. GE Oil & Gas works in a rapidly changing market, so workforce planning is key to secure the future of the business.
In addition to the aforementioned industry challenges, the oil and gas industry is also facing a shortage of skilled people due to a number of factors. First, an ageing workforce creates a large industry challenge as many senior experts in the industry are approaching retirement. Industry statistics show that up to 50% of oil and gas engineers will be eligible to retire over the next few years. In addition, in the UK there is a shortage of science, technology, engineering and maths (STEM subjects) graduates so demand for these students is high.
Skills and competencies
Engineering and technical competencies are essential to the industry and provide the main, if not exclusive, entrance into both technical and managerial careers. Due to the wide range of roles needed, there is also considerable demand for other competencies such as legal, marketing, financial and commercial capabilities. Interpersonal skills such as highly interactive and organisational skills, strong analytics and problem solving, comprehensive oral and written communication skills and strategic thinking are required of employees to take operations to another level. An appetite for travel is also highly valued since the industry operates on a global scale.
GE Oil & Gas is focused on providing training and development opportunities to ensure its workforce can meet the industry’s latest challenges by offering a broad training curriculum and a network of global training centres. Additionally, the company’s customised leadership programmes aim to develop the next generation of technical experts and managers.