Published Apr 04, 2019 by Maggie Martin
The head of Schlumberger, one of the world’s largest oil service giants, recently noted millennials make up 55% of the company’s global workforce.
Speaking at an energy conference in New Orleans last month, Schlumberger CEO Paal Kibsgaard said more than half of the company’s employees are under 40 years old. Kibsgaard said the company acknowledges this demographic shift and is making adjustments.
“We are also evolving our management approach to become more collaborative and team-based. This will directly appeal to our growing number of Millennial employees,” said Kibsgaard.
Other companies in Houston are taking notice of millennials within their workforce, and some are even earning recognition for it.
David Weekley Homes came in 19th on Fortune’s list, where millennials make up 33% of the home builder’s workforce.
“Millennials are instrumental in propelling us to new heights with innovative ideas and fresh contributions,” said Robert Hefner, David Weekley’s vice president of human resources.
Millennials make up an even bigger segment of the workforce at Houston-based Camden Property Trust, where this generation accounts for nearly half of the company’s almost 1,600 employees.
“Our millennial associates infuse our teams with energy and fresh ideas, helping Camden achieve success in new ways,” said Camden President Keith Oden.
These companies reflect a regional trend.
Houston is a top 10 city for attracting millennials, and the area is a growing hub for young talent. Residents between the ages of 24 and 34 make up 15.1% of the population, the largest segment of the region's adult population. Houston's diversified economy coupled with a low cost of living is attracting new residents from across the country and around the world.
Educational opportunities here also play an integral role. The Houston region is home to more than 20 universities and colleges, including three Tier 1 universities. Houston-area colleges and universities educate nearly 220,000 students annually and graduated nearly 55,000 students. In addition, another estimated 200,000 students are enrolled annually in local community and technical colleges. Houston leads the nation in retaining college graduates.
Learn more about the Houston region's workforce and what it has to offer here.