2023 saw the UK make positive moves towards ambitious decarbonisation targets, with renewable energy production increasing by 17% in Q3. Things are looking optimistic elsewhere too – renewable energy made up 22% of the US’ electricity generation, and the global renewable energy market size was estimated at $1.21 trillion in 2023. What’s more, it’s anticipated to grow at a compound annual growth rate of 17.2% from 2024 to 2030.
The outlook is certainly positive. But the right talent will be essential to ensuring the sector can continue to thrive – and right now, there aren’t sufficient workers to meet demand. In this piece, we provide guidance on how to tackle this challenge.
Leveraging oil and gas candidates
Although there has been an increase in renewable energy projects, the oil and gas industry is still keeping pace – and those working in the sector can be utilised. Renewable energy companies must recognise the transferable skills of oil and gas candidates if they hope to hire effectively. For example, complex offshore renewable projects involving steel structures aren’t that dissimilar from oil and gas.
Meeting candidate requirements
Finding the right talent can be challenging, so businesses must ensure they can secure candidates by satisfying their demands, as well as the needs of the business. Salaries have risen considerably across all levels of seniority, so pay that reflects value will be a necessity.
We’ve observed that those organisations offering highly flexible working arrangements and remote opportunities are more successful when it comes to attracting the best talent. Likewise, providing more extensive or unique benefits, such as medical insurance or additional paid time off, is a huge plus. Others in the industry will need to follow suit if they hope to compete.
Keeping up with industry trends
While there have been shifts in global regulations, contractors are still in very high demand. And on the whole, companies that are prepared to cross borders are more likely to entice top global talent. In the UK specifically, the impact of IR35 has been keenly felt – so navigating this effectively will be key in order to source talent.
From a wider perspective, gender equality will need to be a big focus to balance supply with demand. Currently, women make up just 32% of the global energy sector workforce. There’s significant work to be done in relation to ensuring equal pay, leadership, and general opportunities, while prospective employers should consider providing specific benefits to female staff – for example, menopausal health support and maternity leave.
We’ll help you navigate renewable recruitment
With over 20 years of experience, WRS have seen the energy sector go through constant shifts. We can help guide your organisation through tough times and source the right talent for your renewable energy projects – both on a global and local scale.