People risk impacts in the energy industry
April 2024 | 12:00
The Transforming for the future podcast series features Mercer’s consultants who are helping organizations stay ahead of the curve by embracing transformation, exploring new ways of working and reinventing their employee experience. We’ll discuss the most pressing issues facing leaders today and how to shape the future of work so that your business and people thrive.
In this Transforming for the future episode, Global Energy Industry leader Milan Taylor interviews Geoff Smith, Managing Partner, Gulf Coast Region. Geoff shares his perspectives based on the global challenges facing the industry as well as the overall energy transition, skills, and the impact of people risks.
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Interesting moments from the interview:
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Skills in demand
The top skill identified (in our Mercer survey) was analytical thinking & complex problem solving – it was core with energy companies’ legacy businesses and will continue to be core to their transition businesses as well. -
Preparing for the future
Innovation is the second top skill that energy companies are looking for and also the skill they felt the least confident they have in-house. -
Making an impact through skills and rewards
What we’re seeing at is two paths. One is helping skills define career frameworks and job architecture with a skills lens. And the other path is clients using employee preferences to really think through what they’re doing to optimize their rewards and help their employees. -
Retaining talent
Some of the nuance and complexity we’re seeing is that energy companies are going to need to retain legacy skills longer than they originally thought as they move through this overall transition.
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