After downturns during the pandemic’s early months, oil and gas company hiring has rebounded. Yet continuing the industry’s cycle of hiring and laying off workers stands to hurt oil and gas companies in the long term.
An Eightfold analysis of hiring and role changes in the oil and gas industry reveals that if these companies continue to stick to traditional hiring methods and expectations, they leave themselves vulnerable to changing consumer demands, regulatory upheavals, and competition from renewable energy competitors.
Here’s what oil and gas companies need to know to build resilience through better hiring practices.
Oil and Gas Company Roles Are Changing
Oil and gas employment in the U.S. will increase 12.5 percent over the coming year — a trend that will likely continue, says Sumit Yadav, an analyst with Rystad Energy.
In the face of growing climate change concerns and renewable energy competition, merely filling these roles isn’t enough. Oil and gas companies will need to plan ahead for upcoming changes and upskill, reskill, and hire for growth potential.
Our analysis of core roles in the oil and gas industry reveal that many roles are stable or declining. Demand for operations supervisors, geologists, and field and project engineers