Worldwide oil and gas professionals experience wage growth, according to Global Salary Guide
Oil and gas industry professionals are enjoying significant wage growth, according to the Oil and Gas Global Salary Guide 2013, which is based on data from 25,000 respondents and more than one million items of data. Companies that specialise in upstream represented 26 per cent of the respondent’s employers, 12 per cent downstream specialists and 62 per cent worked within both spheres.
The Guide produced by recruiting experts Hays Oil & Gas and leading jobsite Oil and Gas Job Search, shows that permanent oil and gas professionals enjoy global average salaries of US$87,300 per annum. This shows a rate of growth of 8.5 per cent from last year which is extremely positive during a period of uncertain economic activity across the globe.
The high salaries and impressive rates of growth can be attributed to a buoyant industry with a relatively stable oil price and a worldwide skills shortage.
Matt Underhill, Managing Director of Hays Oil & Gas comments: “Australian-based oil and gas industry professionals are paid the best salaries in the world, closely followed by Norway, New Zealand, the Netherlands and Canada.”
Matt Underhill continues: “Australia’s major projects, particularly those in LNG, have meant Australia’s remuneration rates remain competitive.”
The Salary Guide revealed that a rise in bonuses has continued and is now the dominant mechanism by which companies attract and retain talent. On average, bonuses account for a further 5.8 per cent of the employees overall package with almost two thirds receiving some kind of benefit or allowance on top of their basic salary.
Duncan Freer, Managing Director of Oil and Gas Job Search adds: “Almost 65 per cent of the respondents receive some benefit or allowance in addition to their base pay, the highest rate of participation since the survey was launched four years ago.”
Employer confidence in increasing staffing levels during 2013 remains high. A quarter expects staffing levels to increase by more than 10 per cent with almost 75 per cent anticipating some level of increase.
Duncan Freer comments: “Despite the concerns in Europe and a slowdown in China’s growth, the sentiment in the industry remains positive. Current employees and new entrants to the industry can look forward to working in a dynamic and highly rewarding sector.”
Download a free copy of the Guide at www.oilandgasjobsearch.com/salary or hays.com.au/oil-gas-salary-guide/
For further information, please contact Matthew Roberts, Media Relationship Manager of Oil and Gas Job Search on +44 (0) 161 9756026 or firstname.lastname@example.org
2013 Salary Guide Summary:
Disciplines covered 24
Countries represented 53
Respondents to the survey 25,000
Respondents working with a global super major 2,500
Respondents who are employers in the industry 8,200
Hays is the leading global specialist recruiting group. It is the expert at recruiting qualified, professional and skilled people across the full lifecycle of the global oil and gas industry. Our recruiting experts deal in both permanent positions and contract roles within upstream, project development and downstream operations.
Hays employs 7,800 staff operating from 245 offices in 33 countries across 20 specialisms. For the year ended 30 June 2012, Hays placed around 55,000 candidates into permanent jobs and around 180,000 people into temporary assignments.
Oil and Gas Job Search is the world’s premier job site dedicated to professionals who work in the oil and gas industry:
500,000+ searchable resumes
12,000 new candidate registrations per month
1 million job searches per month
100,000 job applications per month
500,000 visits per month
4 million page views per month
Source: Hays Oil & Gas
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