From Reactive to Proactive: Talent Management in the “New Normal” for Oil and Gas
Aleek Datta, Managing Director, Accenture Strategy, Energy
A growing talent shortfall and the current bust has precipitated massive recruiting cuts and layoffs, presaging another talent shortfall when investment returns. Meantime, structural business changes – including increased focus on productivity and returns due to changes in energy supply curves, volatility driven by changing market structures, and digital disruption – are reshaping the industry. To navigate these changes, workforce management becomes critical. Proactive talent management approaches for oil and gas – an imperative for companies not just to survive the next cycle but to thrive in the long term. During the session, we will discuss:
• Companies should define the skill mix of their future workforce.
• By modernizing learning, companies can quickly integrate new profiles, reduce time to autonomy, and transfer critical operational knowledge.
• Enabling a flexible workforce will allow companies to cost-effectively scale talent.
• Companies must re-write the industry value proposition