Workforce Lost? UH + Newhouse Consultants Oilfield Study

Workforce Lost?

• Origin: 2016 IADC Onshore Drilling Conference:

“How many of your laid off workers will return?”

• Study commissioned with UH Center for Applied Psychological Research – Dr. Christiane Spitzmueller• Scientifically validated research questions

• Quantify loss and damage

• Qualify psychological reactions, trust and industry confidence markers

• Survey launched in October 2016, closed January 2017, n=720+

62%

13%

25%

Remain unemployed

Re-employed in oil & gas

Re-employed outside ofoil & gas

Survey closed January 16, 2017

65% of respondents who are re-employed have left the oilfield.

Labor Force Participation Decline

Other trends…

• Labor participation rate decline Boomers leaving (many are gone)

Women participation rate is falling

Increased education attainment – school tenure extended

Disability insurance claims have risen dramatically (doubled between 2000 and 2010)

• Digital transformation of the oilfield

• Generation Z raised with: Climate change, renewable energy, Deepwater Horizon and

fracking

24/7 connectivity—will not work ‘offline’

Labor Force 25-54 Years Declines

Talent+Technology = Performance• Partner with education – e.g. Lone Star College

Workforce Development and Corporate College Offerings

• Use digital transformation of the oilfield as a talent attractor (see GE television commercials)

• Flex more: Millennials and GenZ want leisure

• Get as ‘green’ as possible – show your eco

• Make work cool: take work ‘on-line’- use digital tools, create social platforms; hold hack-a-thons, create agile teams, promote innovation

Newhouse Consultantswww.NewhouseConsultants.com

Email: info@NewhouseConsultants.com

+1 713 825 3226

University of Houston CAPRhttp://www.uh.edu/class/psychology/io-psych/professional-services/

Email: christianes@gmail.com