Full Title: Renewable-Energy Development in a Net-Zero World: Overcoming Talent Gaps
Author(s): Paul Daume, Florian Heineke, Nadine Janecke, Holger Klärner, Jan Krause, and Raffael Winter
Publisher(s): McKinsey & Company
Publication Date: November 4, 2022
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Across economies, the Great Attrition is making it difficult for companies to find and retain employees. Companies have yet to get a handle on this problem. Many do not understand why their employees are leaving or know where they are going. This environment presents a particularly acute challenge for industries such as renewable energy, in which specific technical expertise and experience are crucial elements of success. The pressure intensifies when those industries are also growing rapidly.
Even if today’s demand for workers in the renewables industry could be met, it’s unclear where these employees will come from in the future. There are too few people with specialized and relevant expertise and experience, and too many of them are departing for other companies or other industries. Once employees leave, replacing them can be extremely difficult for companies. In this article, we delve into the talent challenges the renewables industry faces as it plans for massive scaling and expansion—and what players can do to get ahead of the game.