Oil & Gas Strategic Future
Table of content The problem : Generational Gap Aspects of Generational Gaps Workforce Diversity Safety and health Issues Work-life balance The solution : Global sharing and Discussion How Oges works for the solution ?Access to Oges References
ProblemGenerational DifferencesSenior employees with expertise moving
outNew Recruits with long-term potential
reluctant to join
Aspects of Generational GapMajor areas exhibiting generational differences in
an Oil and Gas firmWorkforce diversitySafety and health IssuesWork-Life Imbalance
Workforce DiversitySenior and junior employees face
incompatibility with each otherVarying beliefs and work patterns for both
the segmentsNo overlap of knowledge transitionGap widening with time
…contd.
Staff profile of Oil and Gas Companies in Middle East Source: (PWC, 2008)
Massive Diversity between Ages
Safety and Health IssuesEmployees under 21 years of age and over 55
years of age most vulnerable to health hazardsTakes 10 years on an average to gain
expertise in handling riskYoung crowd reluctant to join Oil and Gas firms
de to risks associated
… contd.Marginal increase in industry-wide recruitment in the last 6
years
Source: www.sbc.slb.com (2015)
Work Life BalanceSenior Employees accustomed to
traditional work patternYoung employees keen on better living
conditions at par with other modern industries
Demography hampering with work life balance
Solution: Global sharing and discussions to reduce cultural gaps
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ReferencesKolosova, O. (2011). Problems of salaries management in oil
and gas companies. EoR, pp.167-175.Lebedko, A. (2014). Scope of state involvement in the
management of oil and gas complex. OGBUS, (1), pp.397-411.Mnasri, M., Dionne, G. and Gueyie, J. (n.d.). How Do Firms
Hedge Risks? Empirical Evidence from U.S. Oil and Gas Producers. SSRN Electronic Journal.
PWC, (2008). [online] Available at: http://www.strategyand.pwc.com/media/file/Labour_and_Skills_Crisis_Could_Stall_Oil_and_Gas_Boom.pdf [Accessed 6 Nov. 2015].
Sabet, A. and Heaney, R. (n.d.). Real Options and the Value of Oil and Gas Firms: An Empirical Analysis. SSRN Electronic Journal.
