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Changing realities for talent management in the energy sector with EIT InnoEnergy

Changing realities for talent management in the energy sector with EIT InnoEnergy

EIT InnoEnergy has developed a new, ground-breaking AI-powered tool that helps companies identify skills trends in the energy sector and future-proof their organisation's talent.

The sustainable energy field is changing rapidly. Global warming and climate change are accelerating faster than predicted by scientific models, creating a sense of urgency for the transition to sustainable energy.

The ambition

The EU has responded by developing its Green Deal with the overarching aim to create the first climate-neutral continent by 2050. Ultimate goals include achieving zero pollution, affordable and secure energy, smarter transport, and sustainable food systems. EUR 1 trillion is expected in new capital flows into the sector. What does this mean for existing companies and employees in the industry?

Massive investment via the EU Green Deal is likely to create one million new jobs by 2030 and three to four million by 2050. As new companies enter the market, existing companies will need to adapt their strategies to stay competitive and relevant.

Upskilling is vital

Managers and HR professionals will need to devise sharper training plans for their entire workforce in the face of rapid change and innovation. With skills gaps opening up in a matter of months, and greater competition for top talent, employers need to take a much more proactive and agile approach to keep their workforce trained and fully engaged.

According to the 2020 Global Energy Talent Index, more than one-third of professionals in the renewables sector claim their company does not regularly invest in training and development, and 26% of respondents said they have had no access to training with their current employer this year. Furthermore, opportunity for career progression is the primary reason, above pay, for employees choosing to stay or switch companies. While 46% of respondents expect to remain with their organisation over the next three years, 28% expect to leave. Of those expecting to remain, 79% could be convinced to leave if offered progression opportunities or a new challenge. Providing tailored learning and development pathways for employees have never been more crucial.

Developing such pathways requires accurate anticipation of future skills requirements and an understanding of what training will be relevant as technologies change. Not an easy task in a sector that does not stand still for a moment. That is where the power of artificial intelligence (AI) could be a game-changer.

The power of AI

Imagine a tool that uses explicit and implicit text mining techniques to analyse thousands of industry reports, job vacancies, course descriptions and other energy sector data to identify emerging trends, skills and jobs in the field; a tool that provides constantly evolving insights.

Imagine a tool that enables organisations to map existing skills among their workforce and analyse company documents such as reports and strategic papers to determine whether the current workforce skills match the company’s strategy and ambition, pinpointing vital skills gaps that could make the difference between hitting targets or lagging behind competitors.

Imagine a tool that can perform in-depth online searches to provide course recommendations tailored to the needs and goals of specific employees or entire teams, helping to keep employees engaged, committed and optimally trained in the face of massive change.

EIT InnoEnergy has worked with machine learning experts from TechWolf to develop a new, ground-breaking AI-powered tool specifically for the energy sector which addresses all of the above: SkillCharge Enterprise.

As the EU Green Deal emphasises the need to transform the workforce of the renewable and sustainable energy sector, we need to find tools and expertise to address this transformation and ensure every employee is reskilled to her or his full potential. With SkillCharge Enterprise we can now identify future skills for industry sectors, analyse the combined skills of an entire company’s workforce, and provide an automated indication of the right courses and training opportunities. This is truly personalised learning, based on factual data coming from an AI engine that analyses live data from the global energy industry. This is performance theory put into hands-on use.

Dr. Inge de Waard - Senior Learning Strategist and Innovator at EIT InnoEnergy

Webinar on the topic

SkillCharge Enterprise will be officially launched during the webinar ‘Equip your workforce for the future of energy: harness the power of AI’ on 8 December 2020. Join the webinar to learn more about the tool, find out how organisations can future-proof their talent, stay ahead of the trends and thrive in this dynamic sector.

Secure your spot for the webinar