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The Aging Warriors: A Study on the Retiring Oil and Gas Professionals

International Oil and Gas organizations face the gruelling task of juggling the right talent for the job, or risk cost over-run due to inefficient talent management while executing multiple projects simultaneously. The cost, time and quality of the project are governed by evolving demand and supply...

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Main Authors: Sheikh Annuar, Sh A Rahim, Farha, Mohd
Format: Journal
Language:English
Published: 2021
Subjects:
TP Chemical technology
Online Access:http://ur.aeu.edu.my/855/1/document.pdf
http://ur.aeu.edu.my/855/
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spelling my-aeu-eprints.8552021-04-05T03:36:57Z http://ur.aeu.edu.my/855/ The Aging Warriors: A Study on the Retiring Oil and Gas Professionals Sheikh Annuar, Sh A Rahim Farha, Mohd TP Chemical technology International Oil and Gas organizations face the gruelling task of juggling the right talent for the job, or risk cost over-run due to inefficient talent management while executing multiple projects simultaneously. The cost, time and quality of the project are governed by evolving demand and supply in this industry. There is a shift in the current approach in resource management to cushion the ageing workforce constraints in the Oil and Gas industry. It is a fact that the crucial knowledge is diluted as these seniors leave the industry without proper handover and documented lessons learned. This study was conducted in a Malaysian Oil and Gas company context. The rich meaning was extracted from semi-structured interviews, which derived the key causes of skill shortage in Oil and Gas. The objective was to find a governance matrix easily adaptable for senior expert workers and retirees in a post�COVID environment. Qualitative findings highlight five key elements in effective knowledge downloading; namely experience, knowledge, manpower, tools and skills. This is intertwined with the issue of an ageing workforce. This paper will deliberatechallenges faced in project management and suggests the best method in adapting the ageing workforce dilemma. Findings in the study indicate that there is an equal correlation of the gaps studied in producing optimal results; with the strong importance of optimizing experiences of the senior workforce. Project management systems demand continuity as the old is replaced with the new generational workers. The catalyst to dynamic resource management is governance; it reflects increased efficiency in the organization as a whole. The interpretations and conclusions are suited for Oil and Gas skill group enhancement, but generalized to suit other knowledge-dependent industries. 2021 Journal PeerReviewed text en http://ur.aeu.edu.my/855/1/document.pdf Sheikh Annuar, Sh A Rahim and Farha, Mohd (2021) The Aging Warriors: A Study on the Retiring Oil and Gas Professionals. Asian Journal of Research in Business and Management, 3 (1). pp. 96-103. ISSN 2682-8510
institution Asia e University
building AEU Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Asia e University
content_source AEU University Repository
url_provider http://ur.aeu.edu.my/
language English
topic TP Chemical technology
spellingShingle TP Chemical technology
Sheikh Annuar, Sh A Rahim
Farha, Mohd
The Aging Warriors: A Study on the Retiring Oil and Gas Professionals
description International Oil and Gas organizations face the gruelling task of juggling the right talent for the job, or risk cost over-run due to inefficient talent management while executing multiple projects simultaneously. The cost, time and quality of the project are governed by evolving demand and supply in this industry. There is a shift in the current approach in resource management to cushion the ageing workforce constraints in the Oil and Gas industry. It is a fact that the crucial knowledge is diluted as these seniors leave the industry without proper handover and documented lessons learned. This study was conducted in a Malaysian Oil and Gas company context. The rich meaning was extracted from semi-structured interviews, which derived the key causes of skill shortage in Oil and Gas. The objective was to find a governance matrix easily adaptable for senior expert workers and retirees in a post�COVID environment. Qualitative findings highlight five key elements in effective knowledge downloading; namely experience, knowledge, manpower, tools and skills. This is intertwined with the issue of an ageing workforce. This paper will deliberatechallenges faced in project management and suggests the best method in adapting the ageing workforce dilemma. Findings in the study indicate that there is an equal correlation of the gaps studied in producing optimal results; with the strong importance of optimizing experiences of the senior workforce. Project management systems demand continuity as the old is replaced with the new generational workers. The catalyst to dynamic resource management is governance; it reflects increased efficiency in the organization as a whole. The interpretations and conclusions are suited for Oil and Gas skill group enhancement, but generalized to suit other knowledge-dependent industries.
format Journal
author Sheikh Annuar, Sh A Rahim
Farha, Mohd
author_facet Sheikh Annuar, Sh A Rahim
Farha, Mohd
author_sort Sheikh Annuar, Sh A Rahim
title The Aging Warriors: A Study on the Retiring Oil and Gas Professionals
title_short The Aging Warriors: A Study on the Retiring Oil and Gas Professionals
title_full The Aging Warriors: A Study on the Retiring Oil and Gas Professionals
title_fullStr The Aging Warriors: A Study on the Retiring Oil and Gas Professionals
title_full_unstemmed The Aging Warriors: A Study on the Retiring Oil and Gas Professionals
title_sort aging warriors: a study on the retiring oil and gas professionals
publishDate 2021
url http://ur.aeu.edu.my/855/1/document.pdf
http://ur.aeu.edu.my/855/
_version_ 1696979750013108224
score 13.211869

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