Part1. The Generation Y Opportunity
Part2. Data Driven Models for the Real World
Part3. What Mext for Advanced Analytics?
Leveraging your data to take advantage of the big crew change
One of the greatest challenges facing our industry today is managing the ‘Big Crew Change’. Anticipating the impending shortage of technically proficient personnel as they exit stage right, we are faced with not only an experience gap, but also a fundamental difference in the way that the next generation thinks. What cannot be quantified is the extent of the impact of this demographic shift. What type of changes in efficiency and performance might we anticipate if about 20 percent of the business has fewer than 5 years of pertinent experience?
In The Headlines
Ray Asif | Schneider Electric
To Hedge or Not to Hedge
While some may see hedging as a complicated and advanced investing strategy, the principles behind hedging are in reality very simple. Hedging commodities allows investors to ensure predictable financial results by protecting against future price movements. By purchasing futures contracts, investors can lock in prices that are favorable to an organization to continue realizing profits over time. While limiting exposure to financial losses also limits the potential for gains, it does help protect investors during periods of market volatility.
Topic of Discussion
Christopher Melillo | Kaye/Bassman International
It is perhaps one of the most difficult balances affecting the bottom line that many O&G leadership teams currently face in the industry which many experts will say has the most volatile war for talent. Qualified professionals who exist for positions are 3:5. We are not talking about open positions that are being recruited for and candidates in the interview pipeline as that ratio spread is even greater. Of the three who exist for the two open roles, it would take well over three who would even be passively looking. In some regions we have seen ratios that are 2:17. With 17 positions/companies vying for those two candidates, the likelihood of attracting them has its obvious challenges. We all know the reasoning for the shortage and it will continue to worsen before it gets better with the number of retirements increasing at a higher rate than the past over the next five years. [Continue Reading]
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