• 2 hours The Top Tech Stocks Of The Year
  • 17 hours America’s Workforce Elderly Workforce To Double By 2028
  • 23 hours Toyota Tests Solar-Powered Prius
  • 2 days Why The Gold Rally Flatlined
  • 2 days The Uranium Sector Can’t Catch A Break
  • 3 days Upcoming Fed Meeting Has Investors On Edge
  • 3 days Global Gold Sector Outlines Responsible Mining Principles
  • 4 days China’s Giant Vampire Fund Loses $120B
  • 4 days McDonalds To Roll Out Robot Drive-Thru Clerks
  • 4 days Savvy Investors Are Betting Big On This Little Data Company
  • 5 days How The Government Is Wasting Tax Money This Year
  • 5 days Supply Concerns Halt Expansion On Tianqi Lithium Plant
  • 5 days The World’s Biggest IPO Is Almost Here
  • 6 days The Relatively Of Money And Happiness
  • 6 days Wall Street Unfazed By Recession Fears
  • 6 days SoftBank Urges WeWork To Pause IPO Plans
  • 7 days Anti-Aging Market To Hit $55 Billion
  • 7 days JPM, Morgan Stanley Take Advisory Roles In Aramco IPO
  • 7 days Are Bonds In A Bubble?
  • 8 days The Unknown Media Giant Taking The World By Storm
McDonalds To Roll Out Robot Drive-Thru Clerks

McDonalds To Roll Out Robot Drive-Thru Clerks

McDonald's announced on Tuesday the…

The Relatively Of Money And Happiness

The Relatively Of Money And Happiness

You don’t have to be…

The World’s Biggest IPO Is Almost Here

The World’s Biggest IPO Is Almost Here

Saudi Aramco appears to be…

Oilprice.com

Oilprice.com

Writer, OilPrice.com

Information/Articles and Prices on a wide range of commodities: We have assembled a team of experienced writers to provide you with information on Crude Oil,…

Contact Author

  1. Home
  2. News
  3. Breaking News

The Energy Industry Has A Millennial Problem

Millennials Energy

The oil and gas sector is facing a stiff competition in attracting young talent in science, technology, engineering, and mathematics (STEM) because Millennials and Generation Zs are most interested in jobs in an industry associated with new technologies, according to the “Workforce of the Future” survey commissioned by the Abu Dhabi National Oil Company (ADNOC).

A total of 44 percent of the polled 3,075 young STEM talent across 10 countries said that they would be interested in pursuing a career in oil and gas, compared to 77 percent in the technology sector, 58 percent in life sciences and pharmaceuticals, and 57 percent in healthcare, for example.

The survey of young STEM talent in the United States, Canada, the UK, France, Russia, China, India, Japan, Saudi Arabia, and the UAE, showed that interest in a career in oil and gas is nearly on par with marketing and advertising (48 percent), hospitality (47 percent), transport/logistics (46 percent) and retail (41 percent).

The top five drivers for Millennials and Gen Zs career picks are “salary,” “work-life balance,” “job stability,” “on-the-job fulfilment,” and “a good work environment,” the survey showed.

The top three positive associations of the oil and gas sector among the 15-35 year-old STEM talent were “the industry pays well,” “the industry is crucial for their country’s economy and development,” and it is “an industry we couldn’t live without.”

Related: Facebook Labeled ‘Digital Gangsters’ By UK Politicians

It comes as no surprise that Millennials and Gen Zs showed the highest interest in a career path in industries which they believe will be the most impacted by new technologies. Globally, 42 percent of the young talent polled said that new technologies would have a ‘major impact’ on the oil and gas industry, well below those who associate new technologies with a major impact in the technology industry—73 percent.

Nearly 3 in 4, or 72 percent, believe that new technologies will have an overall impact on the oil and gas sector, compared to 9 out of 10 for the technology sector.

Millennials and Gen Zs are divided, however, on whether oil and gas is an industry of the past or of the future—44 percent say it is an industry of the past, while 45 percent reckon it is of the future.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment