The future of the energy industry is uncertain in the wake of global unrest and regulatory changes. Oil and gas prices have soared due to increased demand and supply, while continuing Federal Reserve rate hikes contribute to prolonged instability.
As energy employers continue to cope with an unpredictable operating environment, they need talent management solutions that serve two purposes. In equal measures, it's important to focus on offering compelling compensation and benefits while protecting revenue that's at risk from inflation, regulatory changes and a tight labor market.
Our research found that the top total rewards aspects enhanced to meet recruitment and retention objectives include:
- Base salary
- Variable compensation or bonus programs
- Medical benefits
- Voluntary or supplemental benefits
- Wellbeing initiatives
Download the Energy addendum to review the comprehensive findings and insights.
Learn more about the Energy industry by visiting Energy Insurance and Expert Energy Consultants.