(MENAFN- The Peninsula) KPMG's "2014 global talent crisis survey" revealed that the number one concern of the energy industry is the gap between a retiring workforce and the shortage of experienced, qualified people within the sector to replace them. On Thursday, KPMG in Qatar brought together 20 members of the country's energy and chemical industry to discuss the possible impact this will have on the industry.
Robert Bolton, KPMG's Global Head of Talent Management, present at the event, said: "KPMG research has shown that only 32 percent of companies have detailed strategic workforce plans and two out of three don't have succession plans. By focusing on strategic requirements and taking a global view to talent management, oil and chemical companies in Qatar can ensure that they attract and retain the best talent."
There are a number of drivers that are forcing the need for change with employers. Businesses are facing increasing competition and cost pressures requiring greater productivity from their workforce. This, linked with an ageing workforce, a drop in the number of students choosing to study alternative industries, increased mobility and high employee expectations, means that employers need to take action.
"There are several key areas that companies should focus on. Changing the approach to recruitment is crucial and HR teams should look to implement global recruitment strategies and examine the way that they build and maintain talent pools. HR teams should also focus on aligning with the business - ensuring that all people activities are driven by a clear business need. Governance and infrastructure also plays a part. Having the right data on talent and requirements and operating the right systems will provide valuable input. Establishing clear roles and structure within the Talent Management Team and creating the right processes is essential," he said.
Hilda Mulock Houwer, Partner at KPMG and Global Head of Advisory, Energy and Natural Resources, said; "It's important that a framework is developed for managing talent. Before leaping in to recruitment, organisations should consider needs, risks, evaluation and investment. Once the foundations are in place, recruitment methods, talent development and engagement is all key to ensuring that qualified, experienced people stay with the company."
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