• 15 hours The Fastest Growing Energy Sectors Of 2019
  • 1 day How To Spy On Yourself: The Doorbell To End Civil Liberties
  • 3 days Analyst Predicts Tesla Stock Will Soar To $500
  • 4 days Australian Billionaire To Invest In $88 Million Struggling Solar Project
  • 4 days Twitter-Shaming: The Biggest Threat To Any Business
  • 5 days Canada Looks To Become A Major Source For Critical Minerals
  • 5 days Hedge Funds Are Piling Into This Key Commodity
  • 7 days Trade Deal Not Likely Before Christmas 2020
  • 7 days America's $16 Trillion Debt Bubble Is About To Burst
  • 7 days Black Friday Breaks Online Shopping Records
  • 8 days Tesla's Biggest Competitor Is Hiding In Plain Sight
  • 8 days Are Celebrities Good Or Bad For Cannabis Stocks?
  • 10 days Venezuela’s Crisis Continues As Maduro Spends $5 Billion On Oil Deals
  • 11 days Elon Musk Claims 250,000 Orders For Cybertruck
  • 12 days How To Survive Thanksgiving Politics With Cannabis Gravy
  • 13 days The Fragility Of Monetary Policy
  • 13 days 5 Oligopoly Stock Picks For Your 2020 Portfolio
  • 14 days $7 Trillion In Unfunded U.S. Pensions As Domestic Debt Hits A Record High
  • 14 days Retail Is Alive And Well, But Only For The Rich
  • 15 days New Tech Could Unchain The Solar Revolution
Analyst Predicts Tesla Stock Will Soar To $500

Analyst Predicts Tesla Stock Will Soar To $500

Tesla’s share price could soar…

How To Spy On Yourself: The Doorbell To End Civil Liberties

How To Spy On Yourself: The Doorbell To End Civil Liberties

The billion-dollar ‘smart’ doorbell company…

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