Based on our recent survey of 24,000 global Energy industry companies, recruiters and workers, 58% of energy employees have received salary increases in 2022, compared to 48% in 2021, and 83% of energy workers say they are confident in finding work in the industry, compared to 72% in 2021.
Rising demand for energy has been driving opportunities and new investments in the industry, leading to the need for sectoral diversification and further innovation.
Oilandgasjobsearch.com and Brunel commissioned an independent research company to survey global energy-industry leaders, recruiters and employees. The study identifies and explores the changes that are on the horizon over the coming year, and the ways in which companies are adapting to meet these challenges. The report focuses on areas such as recruitment challenges, compensation, energy transition, job engagement, and retention in the energy sector.
Of those who are seeking new jobs, 67% are currently searching outside of their current energy sub-sector. However, Renewables look to be the most stable and least challenging sector for employee retention, as 37% are satisfied with their current job.
Our survey reveals that the top challenges facing managers and leaders over the next five years are ‘increasing inflation’ (43%), ‘economic uncertainties’ (37%), and an ‘ageing workforce and skills shortages’ (34% vs 31% in 2021).
Our survey reveals that 38% of managers think there are still improvements to be made for Renewables to take over conventional energy. However, more energy organisations are focused on investing in renewable energy (60%) than reducing the costs of fossil fuels (27%), which is an encouraging development.
"To be successful in today's environment, energy companies need to embrace change, be flexible and use the evolving landscape of how workers work as a competitive advantage. They need to meet employees where they are and accept that the future of the workplace is going to look different than it did in previous years. Companies that have a clear purpose, a strong culture and that value their employees will be the ones that stand the test of time. "
— Susan Arthur, CEO of CareerBuilder
The 2022 Energy Outlook Report provides an overview of the global energy industry. It provides employers with practical advice on to improve diversity, position their brand and attract top talent in a fiercely competitive job market.
The Energy Outlook Report, in partnership with Brunel is the most comprehensive report in the Energy industry. The report covers both candidates and employers globally, to give a full picture of the current outlook.
This research aims to provide employers, employees and candidates with key insights into global Energy market trends in workforce planning, compensation and benefits based on experience and expectations for 2019.