1 in 2 Millennial and Generation Z STEM Talent eyes oil and gas career
One in two (52%) of Emirati STEM (science, technology, engineering and mathematics) Millennials and Generation Zs (Gen Z) is interested in pursuing a career in the oil and gas industry, according to the UAE findings released today from the Abu Dhabi National Oil Company’s (ADNOC) inaugural global “Workforce of the Future” survey.
The interest level of 52% from UAE STEM talent in the oil and gas industry is higher than the global average of 44%.
The results also show that 85% of Emirati STEM Millennials and Gen Zs are interested in pursuing a career in the technology sector, 65% in transport/logistics, and 64% in both financial services and aviation. Interest in oil and gas is on par with the healthcare (56%), hospitality (55%), life sciences and pharmaceuticals (53%), marketing and advertising (51%), and retail (48%) industries, indicating that the oil and gas industry is facing strong competition in attracting top STEM talent.
The oil and gas industry looks to attract STEM talent and enable the 4th Industrial Age. This is in line with ADNOC’s Oil & Gas 4.0 mission to help meet the world’s increasing demand for energy and higher-value products by fostering a dynamic and performance-led culture that cultivates talent and applies the latest technology to optimize resources.
On a global level, the overall findings across the 10 countries show that STEM Millennials and Gen Zs show the most interest in industries they believe will be the most impacted by new technologies.
Globally, 42% say that new technologies will have a major impact on the oil and gas industry, while 56% say the same for healthcare, 53% for life sciences and pharmaceuticals, and 73% for the technology industry. Nearly 3 in 4 (72%) STEM talent globally believe that new technologies will have an overall impact on the oil and gas industry, compared to 9 out of 10 for the technology sector.
Other key UAE findings include:
-“Salary,” “job stability,” “job benefits,” “sector and company reputation,” and “working at the forefront of technological advancement” are ranked the top five drivers behind potential career choices for STEM Millennials and Gen Zs in the UAE.
-Of those that cited an interest in a career in oil and gas in the UAE, “salary,” “stature of the industry,” and “impact on the development of the economy” were cited as top reasons for their interest in the industry.
-Young Emirati STEM talent also ranked the top three attributes of the oil and gas industry as “technology-driven,” “future-facing,” and “innovative,” versus global peers who selected “the industry pays well,” “the industry is crucial for their country’s economy and development,” and “it is an industry we couldn’t live without” as the top three attributes.
-Consequently, Emirati STEM talent appear more confident that oil and gas is an “industry of the future” (77% of UAE respondents say oil and gas is an “industry of the future”), compared to global peers (45% of global respondents say oil and gas is an “industry of the future”).
-Nine in 10 Emirati STEM Millennials and Gen Zs also view ADNOC as a company that uses new and innovative technologies.