New Delhi, July 18 : Delivering the welcome address at the 46th edition of the HR Summit of Oil & Gas Sector PSUs held at Shimla recently, K S Jamestin, Director-HR set the tone for the Summit explaining the facets and magnitude of the issue of Talent Transition in the Oil and Gas Sector.
Talent Transition in the Oil and Gas Sector is a global challenge and needs to be addressed seriously, otherwise it could lead to permanent loss of differentiating technical capabilities – he added.
The HR Summit of Oil & Gas Sector PSUs (earlier known as Personnel Chiefs’ Meet of Petroleum Sector) is a forum to deliberate key concerns of human resource management in oil and gas sector. ONGC played hosts to the 46th edition of this summit.
Addressing the gathering during the inaugural session, Jamestin shared that employment in oil and gas industry has had a linkage with the principles of oil economics, which in turn, is linked to several geopolitical factors. Large recruitment of talent in the oil and gas sector during the 80′s and 90′s, has resulted in the average age of employees being above 45 years with majority of them due for superannuation in the next couple of years. Talking on talent transition, he alluded several studies conducted by several agencies especially the one commissioned by the Ministry of Petroleum and Natural Gas through Ernst and Young in 2010.