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management & education news

UK OIL INDUSTRY MAY REACH CO2

NEUTRALITY BEFORE GENDER PARITY

ON CURRENT TRENDS, the UK will of Operations Services in Europe,
have mostly given up fossil fuels before Middle East and Africa at Wood Plc, and
its North Sea oil and gas industry OGUK’s Diversity and Inclusion Task
achieves gender parity, according to the Group Chair. “Improving our industry’s
sector’s trade body. diversity and inclusion shouldn’t be
“It will be well into the 2050s before seen as an isolated challenge, separate
the industry can expect gender parity in from recovery from the pandemic and
the basin, more than 90 years after the transition to net zero.”
first production of hydrocarbons,” Oil Women are over-represented
and Gas UK said in the report. in support functions and human
While the country’s oil and gas resources, service, legal and finance are
companies have made efforts to almost balanced, reports Bloomberg,
diversify their boards of directors in but there’s a huge gap in some
recent years, men still outstrip women activities, particularly operations.
in roles from trading to technologies. MEN STILL OUTNUMBER WOMEN Paul de Leeuw, Professor at Robert
About 25 per cent of the workforce in IN ROLES ACROSS THE SECTOR Gordon University and lead author of
the UK Continental Shelf is currently the report said future low carbon
female, according to OGUK, or just over “That’s just clearly not good projects should provide opportunities
35,000 people out of 140,000. enough,” said Craig Shanaghey, Head for more “gender-agnostic” roles.

GRADUATE RECRUITMENT BACK ON THE RISE

AS THIRD OF EMPLOYERS INCREASE INTAKE

THE MAJORITY OF THE UK’s
largest graduate employers have
either stabilised or increased their
recruitment this year, a poll has found.
The survey of 135 employers by the
Institute of Student Employers (ISE)
found that more than a third (36 per
cent) were increasing the number of
graduates they were taking on this
year compared to 2020 – including 18
per cent that increased their intake by
10 per cent or more. EMPLOYERS ARE OPTIMISTIC THE UK IS
REACHING THE END OF THE PANDEMIC
Similarly, almost half (48 per cent)
of the employers polled said they last year. Nearly a third (31 per cent) opportunities last year.
were recruiting the same number were increasing recruitment, 57 per Stephen Isherwood, Chief Executive
of graduates as the previous year, cent were hiring the same and just 11 of the ISE, said that while employers
reports People Management. per cent were reducing the number were optimistic that the UK was
Just 16 per cent of those polled said of school leavers they were hiring. reaching the end of the pandemic,
they were cutting graduate recruitment This was down from 44 per cent of they were less confident that the
– down from 44 per cent that said they firms that said they were hiring fewer economic crisis was over.
had scaled down graduate recruitment school leavers last year. “Early indicators show that the
last year because of the pandemic. The picture was similar with market is on the upturn and there will
However, the survey did find internships. More than half (56 per be more employment opportunities
shrinkage in specific sectors, including cent) of firms were recruiting the for young people this year,” said
retail and FMCG, which saw graduate same number of interns, while 25 per Isherwood. “While the jobs market
recruitment drop by 38 per cent this year. cent were recruiting more. Just 20 per remains tough, students need to keep
The research also found employers cent were hiring fewer, down from 38 working on their skills and engaging
were hiring more school leavers than per cent that said they were cutting with employers.”

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