Survey: Talent not surfacing in oil, gas industry

The talent pool is drying up for some oil and gas companies, according to a survey released Wednesday.

Ernst & Young LLP and Rice University surveyed human resources executives at 22 international oil and gas companies, and found that nearly 90 percent say the talent shortage has become one of the Top 5 business issues facing their companies.

About 88 percent of respondents said not finding enough talent could impede the growth and financial performance of their companies.

“It is clear that the talent void in the oil and gas industry has transformed from an organizational challenge into a critical business issue,” said Dina Pyron, a leader in the human capital practice within Ernst & Young’s Global Oil & Gas Center. “The lack of key talent could potentially impact corporate growth, financial performance, safety and reputation. This should raise a red flag to leadership that immediate and innovative solutions are necessary.”

Houston Business Journal