As the world looks for ways to build a more sustainable future, the clean energy industry is seeing incredible levels of growth and innovation. The U.S. renewable energy market was valued at $269 billion just two years ago. And in 2023 alone, renewable resources accounted for 22 per cent of all power generated in the U.S. (renewable power generation surpassed coal power for the first time in 2022).
With new companies joining the space all the time, and more established organizations looking to scale quickly, knowing how to recruit top talent into emerging, high-growth sectors is a skill that’s in high demand, we believe that our work and partners in this space make us ideally suited to help you and others in the industry.
At DRiWaterstone, our executive search professionals have worked with leading organizations in the climate, sustainability, and clean energy sectors to successfully recruit top leadership talent. Here are three things our experts have learned about recruiting senior talent for emerging industries:
- Having a clear mission and purpose matters
This isn’t exclusive to the clean energy industry, but it’s certainly a big factor in why people choose to work with one company over another. Being clear on your company’s purpose, being able to communicate that purpose to internal and external stakeholders, and ensuring your purpose aligns to your mission and impact are all important factors, especially when it comes to recruiting senior team members.
Clean energy offers an opportunity to shape the future of energy production and contribute to global efforts to combat climate change. It’s a purpose that will connect with a lot of people. When employees genuinely believe in and feel a personal connection to the cause, their motivation, enthusiasm, and commitment soar. This passion translates into heightened productivity, increased engagement, and superior results. - Competition for top talent is high
According to a recent IEA report, demand for workers in the clean energy industry is up world-wide, and “the number of workers pursuing degrees or certifications relevant to energy sector jobs is not keeping pace with growing demand.” Heightened competition for skilled leaders, especially those with direct industry experience, has the potential to not only drive salaries up, but also to increase the need for employers to differentiate themselves with potential hires.
What’s your unique value proposition? What can you offer senior leaders that sets you apart from others in your area?
Organizations that are winning the race for talent in this growing industry are also typically not afraid to look outside the box when it comes to finding new team members – focusing on transferable skills, looking at up-and-coming leaders, and more. - Be prepared to answer questions around the industry’s stability
The clean energy sector is by no means new, but it’s rapid growth, changing technology, and dependence (in some cases) on government funding can result in hesitation for some candidates. The industry also operates within a changing regulatory environment, which can pose challenges for hiring managers. Changes in government policies and incentives can impact the market demand for projects, leading to uneven hiring needs and the need for flexible talent acquisition strategies.
Overcoming these perceptions requires everyone on the hiring committee to have a solid understanding of your organization’s past, as well as current and future plans so that they can address any questions about forward-looking strategies and highlight the potential for career advancement and innovation.
Recruiting top talent to emerging industries like clean energy comes with unique opportunities and challenges, and hiring managers need to be ready and able to navigate a complex landscape with a strategic mindset and adaptability. That’s where working with an executive search firm like DRiWaterstone can help. In addition to staying on top of what’s happening in the clean energy industry, our team of experts bring depth of knowledge and a network of purpose and mission-driven candidates who are uniquely suited to roles in the nonprofit and social impact sectors to every search we take on.
Schedule a call with our team today to learn more.