Session 12. Oral Presentation for: Leadership and talent attraction and retention – an existential risk to our industry
Scott Hastie A *A
Scott Hastie is the Head of Oil, Gas, and Energy with dss+. He has 20 years’ experience leading large scale and complex transformation programs that have delivered significant results to his client’s bottom line. He has led numerous large multi-disciplined consulting engagements across Australia, Asia, Canada and the USA. Scott is a passionate and highly respected executive leadership coach. He believes in helping leaders to become change agents and works side by side with them to drive business transformation. He firmly believes that change can only be sustained when engaging the frontline. Prior to joining dss+ Scott held senior operational and commercial roles with Tier 1 resource companies and led transformation programs that delivered >$1 b of value. |
Abstract
Presented on Wednesday 22 May: Session 12
Political, social, shareholder – and increasingly talent – pressure is driving a seismic shift as oil and gas operators are required to transform into diversified energy companies. Attracting and retaining the required leadership and talent to drive this transformation is an existential risk to our industry. 10.5% of the total workforce left the industry during the 2019/2020 oil price crash. Since 2020 the experienced oil and gas industry workforce has aged and will take critical skills and experience with them into retirement. 40% of Australian oil and gas recruiters believe retaining this knowledge and replacing these skills are the industry’s biggest challenges. In parallel, events in August 2023 in Western Australia have demonstrated the immediate market impact workforce unrest can have. Concurrently, it is becoming harder to attract talent to the industry. The competition for adaptive leaders and high-skilled workers has been accentuated as the oil and gas sector continues to evolve and now competes for these skills sets with other industries. Environmental, Social and Governance (ESG) performance is increasingly becoming an important factor in the industry’s ability to attract and retain talent. In a recent global talent index report, 85% of respondents stated ESG is a factor in whether they will stay or leave an oil and gas organisation. Interestingly, 55% of those open to switching sectors would be interested in switching to renewables. In this paper, I provide oil and gas companies with pragmatic guidance on how to quantify the impact of these challenges, adapt the industry narrative, and re-position as an employer of choice.
To access the Oral Presentation click the link on the right. To read the full paper click here
Keywords: leadership, net zero, oil and gas, sustainability, sustainable operations, talent, transformation.
Scott Hastie is the Head of Oil, Gas, and Energy with dss+. He has 20 years’ experience leading large scale and complex transformation programs that have delivered significant results to his client’s bottom line. He has led numerous large multi-disciplined consulting engagements across Australia, Asia, Canada and the USA. Scott is a passionate and highly respected executive leadership coach. He believes in helping leaders to become change agents and works side by side with them to drive business transformation. He firmly believes that change can only be sustained when engaging the frontline. Prior to joining dss+ Scott held senior operational and commercial roles with Tier 1 resource companies and led transformation programs that delivered >$1 b of value. |
