Is there really a talent shortage in the oil and gas industry?
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Chris Taylor, HRD UK & Canada at Subsea 7, proposes that there isn't in fact a talent shortage in the oil and gas industry. There are a whole other host of factors at play. He also outlines Subsea 7's Conversion Programme.
Transcript of Is there really a talent shortage in the oil and gas industry?
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Talent Shortage, What Talent Shortage?
Chris TaylorHR Director UK & Canada, Subsea 7
3Page
Apr 12, 2023
4Page
Apr 12, 2023
Buoyant Market Place
LimitedResource
Pool
OnshoreProcessing
GlobalCompetition
Olympic Stadium& Infrastructure
HeathrowTerminal 5 Offshore Rotas
Aircraft Carriers
NuclearIndustry
5Page
Apr 12, 2023
The Present
6Page
Apr 12, 2023
Is There Really a Talent Shortage?
• Are the talent shortage statistics correct?
• Is more about quality than quantity?
• Do we allow enough time to resource effectively?
• Recruit right first time?
• Barriers to entry into Oil and Gas too high?
• Do all companies train and develop their staff?
• The impact of contracting market?
• Attraction Strategies?
• Do people understand our industry?
7Page
Apr 12, 2023
Subsea 7 Conversion Programme
8Page
Apr 12, 2023
The Programme
A comprehensive 5 week development programme providing training, knowledge and experience
required to become a project engineer.
9Page
Apr 12, 2023
The Programme
Classroom training
On the job practical training
Complete e-learning modules
Visits to Subsea 7 sites, suppliers and subcontractors
Group exercises
Assigned to project team
Further development e.g. IMechE, ICE
10Page
Apr 12, 2023
2012 Intake - What Industries?
CONSTRUCTION
MANUFACTURING
OFFSHORE
FORCES
X 13
X 5
X 5
X 2
Recruitment Process
500 applicants for 25 places
Successful Applicants
Average years experience
= 7.3 years
11Page
Apr 12, 2023
Why undertake a conversion programme?
• Quick and easy to set up
• To replenish the available pool of subsea engineers within Aberdeen’s engineering community
• Attracts highly competent experienced people (vs. Apprentices / Graduates)
• High retention/loyalty
• Demand is greater than supply for the programme
• Tapping into other industries for talent to create future subsea engineers
• Cost effective – Conversion vs. Graduates
12Page
Apr 12, 2023
Graduate Engineer vs. Conversion Engineer turnaround time
3 years2 years1 year
Conversion Engineer Graduate Engineer
13Page
Apr 12, 2023
Conversion programme retention rate
Year Recruited Retained Retention Rate
2005 11 5 45%
2006 8 4 50%
2007 6 5 83%
2008 8 6 75%
2009 12 6 50%
2010 13 11 85%
2011 14 13 93%
2012 24 20 83%
Overall Totals 96 70 73%
14Page
Apr 12, 2023
Industry Sector - Salary expectations
Data from www.prospects.ac.uk
15Page
Apr 12, 2023
Summary
• Key benefits of running the Engineering Conversion Programme are:
– Easy to set up
– Tailor to your own organisation
– Cost effective
– High retention
– Conversion engineers have the life/work experience necessary to immediately add value
16Page
12 Apr 2023
seabed-to-surface
www.subsea7.com
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