In recent years amid low commodity prices, oil and gas companies have had to reduce their headcount to lower costs, while continuing to build their talent pipeline for future success. As a result, the number of people employed in oil and gas extraction over the age of 45 fell by 19 percent between 2012 and 2017, while employees between 25 and 34 – often classified as millennials – were the only age group to grow.
With this rapid change, oil and gas companies face a new challenge: managing and retaining an influx of younger workers. It’s no surprise that personal differences – age, gender, ethnicity and background – can all play a role in creating different expectations of employers. […]
Managing millennials in the oil and gas industry
In recent years amid low commodity prices, oil and gas companies have had to reduce their headcount to lower costs, while continuing to build their talent pipeline for future success. As a result, the number of people employed in oil and gas extraction over the age of 45 fell by 19 percent between 2012 and 2017, while employees between 25 and 34 – often classified as millennials – were the only age group to grow.
With this rapid change, oil and gas companies face a new challenge: managing and retaining an influx of younger workers. It’s no surprise that personal differences – age, gender, ethnicity and background – can all play a role in creating different expectations of employers. […]
