Energy Outlook Report 2023

The Energy Outlook Report 2023 once again voices the key findings supplied by over 24.000 energy specialists that answered both in-depth and short surveys on the current trends in the energy industry. The latest report demonstrates that there is a major shift in how the industry is developing compared to previous years. The findings support just how important this industry (and the sub-industries) are to both the human race and our planet. The insights generated for this report indicate the speed in which the industry is changing. It also highlights the incredible opportunities available for talented specialists and explains the journey through the energy transition and into the future.

The report consists of the following themes:

Navigating a Changing World

Addressing the global challenges facing the energy industry and exploring how workers are being compensated amid rising energy prices, and what attracts workers to a role.

Championing the Global Energy Transition

Taking action to retain and motivate energy workers in an uncertain economy, overcome skills shortages, and encourage capital and technological investment.

Actions Speak Louder Than Words

Being accountable and taking collective action, setting the wheels in motion in response to political economic events, how conventional energy is evolving, and how we can make a positive impact throughout the world.

Report Insights

56%

of managers and leaders expect continued energy shortages in 2023
33%

of leaders expect energy sector salaries to increase by 5-10% in the next 12 months
78%

of energy workers say their job makes a positive impact in the world

Renewables is the future of the energy industry. But without effective workforce planning, a just transition cannot happen. Achieving net zero depends on overcoming a significant challenge: the acute shortage of skilled and competent project professionals across all disciplines in all technologies
Tom Hopkinson – CEO Taylor Hopkinson (Powered by Brunel)

How workers describe their compensation compared to 12 months ago.

What is the report and who is it for?

As the energy sector continues to evolve alongside the forever changing global landscape each sub-sector faces continuing challenges as well as opportunities around climate change, skills shortages, inflation, rising energy prices, job security and the changing positive and negative reputation of each sector.
To power the industry successfully requires more flexibility and expertise than ever before. Energy demand is reaching an all-time high as the world adjusts to the challenges that effect our global supply chains.
The 2023 Energy Outlook Report provides an overview of the current state of the global energy industry. It provides employers with practical advice on how to close their skills gaps, widen their talent pools, and attract and retain energy talent in a rapidly changing market.
Brunel is proud of our partnership with Oil and Gas Job Search which has enabled us to join forces to provide these exclusive insights. This report focuses on areas such as recruitment challenges, compensation, sustainability, candidate expectations, and retention in the energy sector.

The energy sector is facing a major challenge in securing talent with the knowledge, experience, ambition and drive to push the limits of technology. As the world changes, the people behind the technology of yesterday, today and tomorrow will be crucial for the future of the sector
Stephen Pollock – Global Driver Energy & Country Manager, Brunel

What sectors does the report cover?

Conventional Energy

Due to the political landscape and global shortages, we see that conventional energy is being more relied upon to boost renewable efforts and cover the shortfall in energy. With 91% of energy workers stating they are concerned about climate change we have seen an increased level of pride in those working in conventional energy as they continue to support the energy transition during this period of uncertainty and change. Especially when 56% of managers expect continued energy shortages in 2023.

Renewables

The renewables sub-sector looks to remain strong in 2023 as more solar and wind energy projects become operational. Renewable energy workers have seen an increase in compensation, more than 17% in 2022. With substantial investment into new sectors of renewables the momentum for change continues to speed up and the transition is no longer a future plan. It’s happening now all around us.

Mining

With mining being a traditional industry, many previously questioned how it would play a big part in the energy transition and the future of the planet. The mining industry responded to this questioning by proving to all that both the technology and products produced in the industry are not only key to the future but they are and will power the future. Mining saw a 15% overall increase in compensation in 2022 which demonstrates the investment being made in the industry.