The Crew Change 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.