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Winning the War for Talent: Effective Talent Management in the Upstream Oil and Gas Industry
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?
AuthorsEric Thurston Principal, SAP Eric Thurston is an oil and gas industry principal in the SAP industry solution group. Thurston leads the oil and gas practice for SAP North America. Prior to joining SAP, he worked as an engineer in the oil and gas industry.
Ashish Morzaria Associate, SAP Value Engineering Ashish Morzaria is an associate in the SAP value engineering (VE) organization and leads the HCM practice for VE India. Morzaria works with strategic SAP customers and prospects on benchmarking engagements and business case studies.
Karen Heatwole Senior Director, SAP Karen Heatwole is a senior director in the SAP solution value network group focusing on HCM. Heatwole is responsible for helping HCM customers become best-run HR organizations.
Katharina Müllers-Patel Senior Principal, SAP Value Engineering Katharina Müllers-Patel, PhD, is a senior principal in the SAP VE organization. Müllers-Patel is responsible for the ASUG/SAP benchmarking and best practices program.