Bridging the Talent Gap of the Petroleum Industry: Developing Transnational Competency-Based Education

Abstract

Petroleum workforce is facing a serious challenge despite high international migration flows. Many countries are becoming more restrictive towards inward migration in order to protect their existing workforces against unemployment. However, two primary issues are impacting the oil and gas industry: deficient supply of people with necessary skills and the aging demographics with the high rate of retirees. Furthermore, recruiting experienced and skilled professionals for the oil & gas industry is a challenge and is increasingly affected by the changing global economy. Individuals that have developed transferable skills from one industry are very attractive to the oil and gas industry and are highly sought-after, imposing additional demands on human resources to not only attract and hire the right people but to educate and develop the right people. Based on literature review it is recommended for organization to implement a competency-based human resource system to manage and develop its workforce. The proposed paper investigates the need for adopting a transnational competency-based system as a solution to address the global workforce challenges and to fast-track skilled workers in high demand positions. The aim of a transnational competency model is to develop the capabilities necessary for sustaining skilled talent pipeline that are able to work across political, cultural, and knowledge boundaries.



Author Information
Aileen G. Zaballero, The Pennsylvania State University, USA
Ali Alkhalaf, The Pennsylvania State University, USA
William J. Rothwell, The Pennsylvania State University, USA
Gregory C. Bihn, PetroEd, USA
Rashed A. Alzahmi, The Pennsylvania State University, USA

Paper Information
Conference: IICE2015
Stream: Professional concerns

This paper is part of the IICE2015 Conference Proceedings (View)
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