Power industry lack of investment risks ‘talent turmoil’: Report

Matthew Hall 29 January 2020 (Last Updated January 29th, 2020 14:14)

Power professionals are concerned at a lack of investment in their training and professional development, a report into energy recruitment and employment trends shows.

Power industry lack of investment risks ‘talent turmoil’: Report
The report says that despite the power sector’s reputation for stability, slowing salary growth and dissatisfaction with career progression opportunities could lead to power professionals leaving the sector, adding a skilled staff shortage to the challenges the industry faces.

Power professionals are concerned at a lack of investment in their training and professional development, a report into energy recruitment and employment trends shows.

The Global Energy Talent Index (GETI), by workforce solutions provider for the energy and infrastructure sectors Airswift and job site for energy and engineering industries Energy Jobline, surveyed 21,000 professionals and hiring managers in the energy sector across 169 countries.

The survey found that 45% of workers feel valued by their organisation, and 40% reported that their company was not regularly investing in training for workers.

Of the respondents who do receive regular training, 18% said it covers skills beyond their current role, and just 14% said training was aimed at furthering their career development

There is competition for talent between the different sectors of the energy, with 88% of respondents saying they would consider switching sectors in the next three years. Of the workers that would consider relocating to a new region, 42% said it would be for better career progression opportunities.

“Salary and career progression are big motivators, and companies need to invest in both,” Airswift CEO Janette Marx said. “Yet maintaining loyalty, particularly with older employees, may be just as important for ensuring all that experience doesn’t walk out the door.”

The report says that despite the power sector’s reputation for stability, slowing salary growth and dissatisfaction with career progression opportunities could lead to power professionals leaving the sector, adding a skilled staff shortage to the challenges the industry faces.

Energy Jobline Managing Director Hannah Peet said: “The energy transition will see more pressure put on businesses and it’s in these periods of stretch that an efficient, effective and engaged workplace can make all the difference.”