Retirement surge means talent crisis looms for energy sector
Full article:Houston Business Journal; (Wooten, C) May 6, 2011
El Paso Corp. in Houston, is facing an exodus of seasoned talent in the next few years. In 2016, 40 percent of their employees will be eligible for retirement, a 15% increase, but not a unique number in the industry.
Recruitment goals for oil and gas companies are now 15 percent higher than in 2009, largely to fill the growing gap caused by retirements, according to a study by Houston-based oil services company Schlumberger Ltd. (read more at http://bizj.us/b2e95). Companies are hiring workers from Asia, Russia and the former Soviet Republics in a stop-gap effort to satisfy demand. For young people in the industry, it means a job field open for advancement.
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