| Sustained worldwide demand for natural resources is | | | | The challenge thus is to harmonize both perspectives |
| pushing investment in oil and gas exploration and | | | | avoiding the 'over expectation' syndrome that could put |
| production, mining and alternative natural resources | | | | compensation packages at levels that are not |
| such as wind and solar while the pace of research in | | | | sustainable. |
| new and renewable energy sciences continues to | | | | Natural resources companies across Latin America |
| elevate. | | | | are facing pressure to recruit and retain personnel in |
| But one challenge transcends national borders. It also | | | | general, not only at the top executive levels. Some |
| presents a strikingly similar long-term growth barrier for | | | | companies have taken steps to improve working |
| nearly all of the world's leading natural resources | | | | conditions at sites while others have implemented new |
| companies - that is, the scarcity of human capital and | | | | human resource policies to help attract new talent into |
| skilled leadership talent. | | | | their workforce. |
| Looking ahead to the issues that will frame many | | | | These new approaches to workforce engagement |
| Natural Resources challenges across the Latin | | | | and retention have put natural resources managers |
| America region, the business cycle will inevitably bring | | | | into a position from which they are building teams, |
| change. | | | | inviting innovative ideas from the workforce and |
| The industry will continue growing but companies and | | | | engaging in honest dialogue about career progression |
| top executives should be cautious since we might | | | | within their workforces. |
| eventually enter into a new downturn in the economy. | | | | |