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By 2017 48 per cent of the workforce will have retired, an attrition rate of six per cent.
But that number is not being replaced through new graduates. El-Rifaai pointed to a statistic from US universities, which stated that 300 petrochemical engineering students had graduated compared to 42,000 lawyers.
'The shortage of skilled labour and project managers translates into pay rises,' he said. In some cases, rises have hit 250 per cent over the past two years.
But that number is not being replaced through new graduates. El-Rifaai pointed to a statistic from US universities, which stated that 300 petrochemical engineering students had graduated compared to 42,000 lawyers.
'The shortage of skilled labour and project managers translates into pay rises,' he said. In some cases, rises have hit 250 per cent over the past two years.
Rob Jones, Editorial Director
