Workforce Lost? UH + Newhouse Consultants Oilfield Study
7
Workforce Lost? • Origin: 2016 IADC Onshore Drilling Conference: “How many of your laid off workers will return?” • Study commissioned with UH Center for Applied Psychological Research – Dr. Christiane Spitzmueller • Scientifically validated research questions • Quantify loss and damage • Qualify psychological reactions, trust and industry confidence markers • Survey launched in October 2016, closed January 2017, n=720+
-
Upload
newhouse-consultants -
Category
Business
-
view
58 -
download
1
Transcript of Workforce Lost? UH + Newhouse Consultants Oilfield Study
Workforce Lost?
• Origin: 2016 IADC Onshore Drilling Conference:
“How many of your laid off workers will return?”
• Study commissioned with UH Center for Applied Psychological Research – Dr. Christiane Spitzmueller• Scientifically validated research questions
• Quantify loss and damage
• Qualify psychological reactions, trust and industry confidence markers
• Survey launched in October 2016, closed January 2017, n=720+
62%
13%
25%
Remain unemployed
Re-employed in oil & gas
Re-employed outside ofoil & gas
Survey closed January 16, 2017
65% of respondents who are re-employed have left the oilfield.
Labor Force Participation Decline
Other trends…
• Labor participation rate decline Boomers leaving (many are gone)
Women participation rate is falling
Increased education attainment – school tenure extended
Disability insurance claims have risen dramatically (doubled between 2000 and 2010)
• Digital transformation of the oilfield
• Generation Z raised with: Climate change, renewable energy, Deepwater Horizon and
fracking
24/7 connectivity—will not work ‘offline’
Labor Force 25-54 Years Declines
Talent+Technology = Performance• Partner with education – e.g. Lone Star College
Workforce Development and Corporate College Offerings
• Use digital transformation of the oilfield as a talent attractor (see GE television commercials)
• Flex more: Millennials and GenZ want leisure
• Get as ‘green’ as possible – show your eco
• Make work cool: take work ‘on-line’- use digital tools, create social platforms; hold hack-a-thons, create agile teams, promote innovation
Newhouse Consultantswww.NewhouseConsultants.com
Email: [email protected]
+1 713 825 3226
University of Houston CAPRhttp://www.uh.edu/class/psychology/io-psych/professional-services/
Email: [email protected]
