Oil and Gas Industry Looking to the Future with Confidence as Salary Guide Reveals Sentiment and Wages Continue to Rise Strongly

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Oil and Gas Salary Guide reveals an industry brimming with confidence despite worldwide concerns over the global economy. The average worldwide salary for a full time professional is now US$80,458 per annum, up 6.1% in the past 12 months.

Three quarters of all employers expect staffing levels to increase in the next 12 months.

Wages and confidence are surging in the global oil and gas industry, according to the annual Salary Guide produced by Hays Oil & Gas and leading jobsite Oil and Gas Job Search.

The Salary Guide, based on over 14,000 respondents worldwide, reveals an industry generally brimming with confidence despite widespread concerns over the global economy.

Employer confidence has seen a large increase with 26.7% extremely positive about the current market: up from just 9.7% in 2011. Three quarters of all employers expect staffing levels to increase in the next 12 months.

Matt Underhill, Managing Director of Hays Oil & Gas, comments: “There has been a distinct move to employ permanent staff rather than contractors for many oil companies, which displays an outlook that suggests the industry is on a firm footing.”

“However, conversely there is still great demand for contractors due to a raft of major projects coming on board and new regions increasingly using contractors. With the upward progression of contractor rates throughout 2011, the signs are positive as we enter 2012.”

The average worldwide salary for a full time professional is now US$80,458 per annum, up 6.1% in the past 12 months.

Duncan Freer, Managing Director of Oil and Gas Job Search points out: “Many industry professionals are rewarded at far higher rates than the average figures suggest, especially if they have a good level of experience or particular in-demand skills such as drilling and the geosciences.”

Freer continues: “While many western economies have witnessed anaemic rises in wages, the oil industry has rewarded its professionals with robust growth and a wealth of opportunities.”
The USA, Canada, Norway, The Netherlands and Australia once again feature prominently in the current guide but, as Matt Underhill points out, there are also areas of tremendous potential around the world.

“Brazil, China and Iraq are rising stars that have seen significant salary hikes driven by some very exciting and bold projects.”

Underhill summarises: “There are concerns that the Guide highlights such as the continuing issue of skills shortages and, of course, economic and political instability. Nevertheless, the Salary Guide points to an industry full of confidence and opportunity as we progress through 2012.

Salaries are rising as are staffing levels and with a range of promising projects coming to fruition, there is every reason to be upbeat about the oil and gas industry over the coming 12 months and beyond.”

Download your free copy at http://www.oilandgasjobsearch.com/salary or www1.hays.com/oil-and-gas/salaryguide2012.aspx

For further information please contact John Roberts, Marketing Director of Oil and Gas Job Search on + 44 (0) 161 975 6026 or john(at)oilandgasjobsearch(dot)com or Daniel Lynch: +61 (0) 2 8062 6122 or daniel.lynch(at)hays(dot)com(dot)au

Notes
2012 Salary Guide Summary:
Disciplines covered        24
Countries represented    53
Respondents to the survey    14,400
Respondents working with a global super major    1,200
Respondents who are employers in the industry    5,400

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. Its recruiting experts deal in both permanent positions and contract roles within upstream, project development and downstream operations.

Hays employs 7,620 staff operating from 257 offices in 32 countries across 20 specialisms. For the year ended 30 June 2011, Hays placed around 60,000 candidates into permanent jobs and around 190,000 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:

400,000+    searchable resumes
10,000+    new candidate registrations per month
1 million+     job searches per month
50,000+    job applications per month
380,000     visits per month
3.2 million     page views per month

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John Roberts
Oil and Gas Job Search
(440) 161-9256 x286
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