Energy and commodity trading groups are facing a challenging environment. This makes it critical for them to attract new talent while operating as a lean and agile organisation. The future workforce is attracted to environmentally responsible organisations that place technology at the centre of operations, meanwhile structural changes abound, and cost pressure is a real concern. The pace of change must accelerate if energy organisations want to respond to today’s challenges and capitalize on tomorrow’s financial opportunities. Here are four ways energy companies can successfully transform from the inside out.
Attract the Talent of the Future
The rise of digitalisation has created a pronounced skills gap in energy and commodity trading companies. Organisations are facing a talent squeeze with a lack of suitable new hires to fill the shoes of an aging workforce. According to a Greater Scranton Chamber of Commerce survey, 25%-35% of the utility workforce belongs to the 55-and-up age bracket and are on the brink of retirement.