Winning the War for Talent: Effective Talent Management in the Upstream Oil and Gas Industry
sponsored by SAP AG

For upstream oil and gas companies, today's economy is a matter of good news and bad news. The industry is experiencing a significant growth cycle and many companies are seeing double-digit growth. But to fuel this success, oil and gas companies require a specialized workforce to bring their products to market.

Industry studies reveal that the existing workforce is rapidly approaching retirement age and the numbers of new college graduates with the necessary skills are at record lows. As a result, company executives often find themselves embroiled in a critical battle with other companies to attract and retain highly skilled people. Moreover, executives must also identify and develop the potential of their in-house talent. Increasingly, human capital management (HCM) is a top priority for executives who realize that their workforce is a source of competitive differentiation and the key to achieving their business goals. Forward-looking companies are focusing on strategies to retain the value of current employees while attracting the best of the available talent.

This SAP Executive Insight examines how your company can win the war for talent by answering the following questions:

  • What challenges do today's upstream oil and gas human resource (HR) organizations face?
  • What is the specific impact of these challenges?
  • How do best-run HR organizations achieve leading performance?
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