Workforce Housing in Oil, Gas as a Recruitment, Retention Strategy
“With such a challenging labor environment looming, it is critical that oil and gas operations focus on the recruitment and retention of workers,” Chandler said. “Corporations need to turn to as many traditional and non-traditional sources and methodologies as are available.”
“In the end, the need to attract workers to workforce accommodation by addressing the other 12 hours during which they are not working. Regardless of the approach for recruitment and retention, mines and oilfields cannot be relocated – companies must situate the worker with the resource.”
To address this problem, Target Logistics, a provider of workforce housing, recently completed the development of its Judson Lodge in Williams County, North Dakota. The first phase opened in October 2012, and the second phase was just completed at the beginning of February.
“We place great importance on the comfort and well-being of our workforce, said Liberty Vice President of Operations Jim Brady in a press release.
In North Dakota, this housing lodge is just one of the projects to help alleviate the exasperated housing problem. Williston, North Dakota, in the heart of the state’s oil patch is witnessing soaring housing costs. The area has the highest average rent in the United States, according to Apartment Guide, an online website for apartment hunters.
A 700-square-foot, one bedroom apartment in Williston costs an average of $2,394 a month, which comparatively, would cost $1,504 in the New York area, $1,411 in the Los Angeles area or $1,537 in the Boston area.
The average sale price of a home in the state was $201,991 last year, up from $168,105 in 2011, according to data from the North Dakota Association of Realtors.
“Houses have appreciated statewide and inventory is low in the whole state,” said Jill Beck, CEO of the North Dakota Association of Realtors, to the Associated Press. “That comes as a shock to a lot of people.”
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