Talent Void, A Top Five Business Issue for Oil and Gas Executives, According to Ernst & Young and Rice University Survey
12 Mar 2008 12:00 Africa/Lagos Talent Void, A Top Five Business Issue for Oil and Gas Executives, According to Ernst & Young and Rice University Survey Competition among peer companies a significant issue; Ernst & Young offers solutions HOUSTON, March 12 /PRNewswire/ -- Nearly 90% of senior human resources (HR) executives at 22 top international oil and gas companies believe their industry faces a talent shortage and call the problem one of the top five business issues facing their companies. Working with Rice University, Ernst & Young LLP recently surveyed HR executives in the oil and gas industry to glean insights on the challenges of workforce recruiting and retention and how to overcome these challenges. Nearly all (88 percent) of the respondents agreed the shortage has the potential to impede growth and financial performance. Respondents were asked to rank the following issues on a one to 10 scale, with 10 representing a significant problem: -- Corporate growt...