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re: Oil aand gas needs experience

Posted on 6/23/13 at 4:23 pm to
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3806 posts
Posted on 6/23/13 at 4:23 pm to
Been hearing this for a few years now. I'm in the younger range, and have seen decades of experience walk out the door and retire. However, we've been quite lucky since most have chosen to work well past eligible retirement age (our company's benefits kick-in at 55). I've also seen the mid career guys we bring in, and are IMO unqualified. Maybe the market is tough to bring in those guys and the selection is scarce.

Working in the industry, the part that worries me is the lack of knowledge transfer and structured transition. The experience is walking out, and very little is done to retain the knowledge base, or transfer it to the younger guys.
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 6/23/13 at 9:26 pm to
I've seen a lot of guys retire from the majors, mid- majors at the 55 retirement age and then go to work for another company...sweet deal for those dudes.
Posted by evil cockroach
27.98N // 86.92E
Member since Nov 2007
7497 posts
Posted on 6/23/13 at 10:31 pm to
quote:

Working in the industry, the part that worries me is the lack of knowledge transfer and structured transition. The experience is walking out, and very little is done to retain the knowledge base, or transfer it to the younger guys.
this, not too many companies want to hire a new engineer , pay him 65-75K starting out, only to have him "train" under a seasoned vet. It sucks cause we need this knowledge to be passed down.
This post was edited on 6/23/13 at 10:38 pm
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