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Originally Posted by calgarygeologist
That would certainly be the smart and pro-active thing to do but I think that there is still too much uncertainty in the future. Most companies will be hiring on demand as required by immediate workloads.
The interesting part for me will be seeing whether or not former O&G professionals actually return if the job market rebounds. There are many geos, engineers, business folks who have found employment in different fields and if they don't return it could actually put a strain on the talent pool.
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Not professional talent, but field talent - our company is finding the answer to be fairly high on the 'no' side, they are not coming back. So now we need to find and hire green people and train them. And it is already putting a strain on our ability to up our job capability, and of course grow our cash flow accordingly which the banks want to see before they will consider increasing borrowing limits which we need in order to expand to keep up to growing demand for our services. It is a bit of a vicious circle.