How to Manage Oil, Gas Employees in Turbulent Times
One of the difficulties oil and gas companies are experiencing during the current industry downturn is how to manage its human resource operations – essentially who, when and how to hire and fire employees – and how to manage the company afterwards.
Several industry HR professionals convened recently to discuss recruiting and hiring strategies and how to manage during these turbulent times in the energy industry. The overall message was clear: the downturn will continue indefinitely, causing for more workforce reductions. Until the price of oil goes back up and the industry fully recovers, there’s a high probability of more reductions in capital expenditures (CAPEX), including employee layoffs.
HR and Recruiters: Handle Layoffs with Care
With the drop in global commodity prices, many oil and gas companies have been tasked with the challenging decision to lay off its employees, with some industry giants cutting thousands of jobs in 2015 already.
It’s imperative that each hire and fire decision is done strategically.
“If you handle layoffs the right way and take care of folks on the ground floor and handle them correctly, when [the industry] turns around, you will get them back,” said Marty Kunz, vice president of HR for C&J Energy with 20 years of experience.
Several HR professionals agree, including Freeport LNG’s Vice President of HR James Tastard, who shared that he had in fact laid off an individual only to begin working with him again years later.
“He told me I did him the biggest favor and he really appreciated how professional I was and that I actually helped him,” Tastard said. “He thanked me and said he was really happy to work for me again.”
1234
View Full Article
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- McDermott Settles Reficar Dispute
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea