A new study from Eightfold AI, ‘The Great Energy Transition: What’s Next for Talent in Oil and Gas’ investigates the skill set required for new energies and compares these with what current oil and gas employees have to offer. Eightfold used its ‘deep-learning powered’ Talent Intelligence Platform, a global talent dataset, to pinpoint opportunities for energy company employees.
Demand for 68% of today’s most common roles in oil and gas is roles either stable or declining, particularly for drilling engineers. On the other hand, demand for chemical and mechanical engineers is rising. Eightfold advocates ‘strategic upskilling’ whereby individuals with adjacent skills like hydraulics and preventative maintenance can pursue future roles such as wind turbine technicians. There is a significantly expanded potential talent pool for new energy jobs such as electrical or mechanical engineering. According to the World Economic Forum, the clean energy transition could generate 10.3 million new jobs worldwide by 2030.
Eightfold AI president Kamal Ahluwalia observed ‘Today, new energy roles do not necessarily exist. Limiting our talent searches to those with particular knowledge sets no longer makes sense. To build a future-ready workforce recruitment should include individuals with skills from adjacent industries. By shifting our mindsets we can include more qualified people with the potential to upskill themselves.’ The report outlines how energy companies can develop talent strategies, calibrate future roles, and hire for potential to expand the available talent pool. More from Eightfold.
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