Posted March 14, 2018 by Blog AdministratorLabour Market Information
Have you ever thought about the impact of employees on a company’s productivity? We measure productivity as barrels of oil produced, per day, per employee. A decrease in workers would mean an increase in productivity. However, if the workers who remain aren’t as skilled or knowledgeable, productivity can decrease. Makes sense, right? Let’s take a look what has happened in Canada’s oil and gas industry.
From 2010 to 2014, oil and gas companies experienced recruitment challenges in Canada as they competed with one another for skilled and experienced people in a fast expanding i... Continue reading
Posted March 1, 2018 by Blog AdministratorPetroLMI News
Three years after oil prices began to plummet and overall expansion of the oil and gas sector halted, the labour market is still adjusting. While unemployment rates have declined in recent months, much of it has to do with workers leaving the oil and gas industry for different opportunities. The recent stabilization of oil prices has created some optimism, but, continued uncertainty about the economic and market challenges, combined with regulatory, environmental and geopolitical forces are limiting new investment prospects.
Oil and gas companies and service providers that support th... Continue reading