GETI 2019: nuclear talent at risk of being poached by power
- Forty-seven per cent of nuclear professionals expressed worry about an impending talent crisis
- Twenty-eight per cent of professionals aged over 55 said they would not enter the nuclear sector if starting their careers now
- Two-thirds of non-hiring professionals anticipate further pay increases in 2019
LONDON, UK, 25 January 2019, The third annual Global Energy Talent Index (GETI), the world’s largest energy recruitment and employment trends report, is released today, showing that nuclear companies need to be creative and resourceful to survive in a difficult talent environment.
The report by Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, and Energy Jobline, the world’s leading jobsite for the energy and engineering industries, indicates that 47 per cent of nuclear professionals are worried about an impending talent emergency, with 37 per cent believing the crisis to have already hit the sector and a further 32 per cent expecting a crunch point within the next five years.
The sector has been tackling the issue by delaying the retirements of older professionals. But this approach will not work forever. Indeed, when asked whether they would pursue a career in the sector if they were entering the energy industry now, 28 per cent of those aged over 55 said no.
Janette Marx, Chief Executive Officer at Airswift, says: “In recent years, GETI has proven hugely successful at providing hiring managers with the insights they need to manage the expectations of the energy workforce. This year is no different, as we respond to what they told us was their biggest concern: the energy skills gap.
“And the nuclear chapter makes for interesting reading. Hiring managers are waking up to the need to recruit from a broader pool of candidates. Digitalisation is helping, as is companies’ increasing willingness to recruit those without previous nuclear experience.”
In addition to providing much-needed insights into the skills gap, GETI is also the industry’s most comprehensive salary and mobility survey. Key findings within nuclear include:
- Remuneration is on the up. Fifty-one per cent of non-hiring professionals report an increase in pay over the past 12 months, with 18 per cent citing a raise of more than five per cent
- Sixty-four per cent of non-hiring professionals anticipate further pay rises in 2019 – with 23 per cent expecting remuneration to rise by more than five per cent
- Eighty-three per cent of professionals would consider relocating to another region for their job, with career progression opportunities the number one factor attracting talent to a region
- Power provides the biggest source of competition for talent, with 36 per cent of those open to switching sectors attracted to the industry, followed by renewables on 31 per cent and oil and gas on 30 per cent
Hannah Peet, Managing Director at Energy Jobline, says: “The power sector is appealing because it’s stable, growing and filled with opportunities to work with cutting-edge technologies. Also, many nuclear skills are transferable into power, which makes the leap easier.
“Nuclear professionals will want to know that their careers will progress and that the sector will continue to evolve. Having a clear roadmap into the future should be a priority for companies.”
Airswift and Energy Jobline surveyed more than 17,000 energy professionals and hiring managers in 162 countries across five industry sub-sectors: oil and gas, renewables, power, nuclear and petrochemicals. The report is available to download at http://www.getireport.com/download-report.