In an ever-changing global landscape, the oil and gas industry’s growth creates significant challenges when it comes to planning for contingent talent, acquiring that talent, and managing it in a risk-averse, yet effective manner. Frequent turnover, project shifts and fluctuating market conditions leads to a lack of visibility that makes it easy to overlook additional problems – expired licensing, inaccurate labor rates, non-productive downtime, excessive overtime, etc.
Despite these challenges, the oil and gas industry is projected to generate nearly 2 million new jobs in the United States by 2035, but there are trends that could alter its course, including:
In addition to these trends, 40% of oil and gas professionals believe that a skills crisis is already here and companies looking to grow quickly and expand into new territories will have to navigate this skills gap to ensure their success. Companies are filling this skills gap with contingent labor resources, but managing these non-employees requires expertise that typically isn’t found internally. With a comprehensive Managed Service Provider (MSP) solution in place to take the reins for this nontraditional workforce, companies can observe up to 8-10% reduction in costs, better access to talent, increased innovation and more.
Click here to learn more about preventing your talent well from running dry and how a major oil and natural gas company partnered with PRO Unlimited to create a program that generated $22.3M in cost savings.
If you’re interested in learning more about how PRO is helping organizations implement winning contingent workforce programs globally, please contact a PRO representative at 800.291.1099 or email at firstname.lastname@example.org.
Disclaimer: The content in this blog post is for informational purposes only and cannot be construed as specific legal advice or as a substitute for legal advice. The blog post reflects the opinion of PRO Unlimited and is not to be construed as legal solutions and positions. Contact an attorney for specific advice and guidance for specific issues or questions.