(WO) – The Vitality Workforce & Know-how Council (EWTC) launched the 2024 Workforce Report, developed in collaboration with Accenture. The report supplies an in depth evaluation of the present state of employment inside the power companies sector, specializing in job development, workforce composition, and granular insights into range metrics.
The 2024 Workforce Report affords a complete overview of the sector’s workforce, analyzing information from roughly 346,598 workers globally, with practically 189,000 primarily based in the USA.
This version builds upon earlier reviews from 2018 and 2021, delving deeper into employment developments and providing an in-depth examination of workforce statistics through the reporting interval from 2001-2023.
Key findings from the report point out a gradual workforce restoration inside the U.S. power companies sector, with early 2023 seeing regular job development, adopted by a interval of stabilization.
Notably, the highest six energy-producing states account for 76% of jobs within the sector, with Texas taking a major lead at 317,199 positions, adopted by Louisiana, Oklahoma, Colorado, New Mexico, and California.
Whereas ladies’s participation has barely elevated since 2021, important gender disparity persists, with ladies representing solely 21% of the workforce. Ethnic range has additionally risen, with minorities now making up 38% of the workforce, primarily pushed by Hispanic workers.
Vitality Workforce President Molly Determan emphasised the importance of the report’s findings, stating, “EWTC’s 2024 Workforce Report supplies vital insights into the evolving dynamics of the power workforce. Whereas we see promising developments in job development, there’s nonetheless a lot work to be achieved in range. Our dedication is to help the {industry} in making a resilient, adaptable workforce that may meet the longer term challenges of the worldwide power panorama.”
“Attracting and retaining a various array of expertise stays very important to the U.S. power companies sector’s potential to offer secure, dependable and reasonably priced power,” stated Keri Macaluso, a managing director in Expertise and Group Technique at Accenture, who led on the report’s improvement. “The present and future alternatives of the power {industry} would require innovation pushed by applied sciences from information and analytics to generative AI. Range of thought, which comes from range of lived experiences, will probably be key to serving to drive this progress.”
The 2024 Workforce Report underscores the significance of industry-led initiatives for workforce range and improvement. It highlights the necessity for merit-based recruitment, focused talent and management improvement packages, and versatile work choices as key methods to draw and retain prime expertise.
Methodology. Throughout February by June 2024, the Vitality Workforce & Know-how Council canvassed workforce information from 23 corporations on their 2023 information, protecting roughly 346,600 working women and men globally — together with nearly 189,000 workers in the USA.
Firms with lower than 1,000 world workers have been particularly included, along with the biggest sector members, to achieve perception into practices prevalent all through the sector.
The Council additionally analyzed revealed information associated to a spread of workforce points, together with labor power, development, expertise gaps, tradition at work, firm statistics by degree and firm greatest practices.