asia oil & gas sector market trends - 2015
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Oil & Gas in AsiaMarket Trends
Salary & Benefits
March 2015
Introduction to WRS
• Global sector focus: Power, Construction, Oil & Gas, Marine & Mining
• Technically skilled permanent / contract staff
• Our key differentiator: “Finding the talent others can’t”
• £31.5m turnover in 2014,
• Placed candidates in 50+ countries worldwide
Introduction - Sector/Market Knowledge
• Each year we visit key clients and regions• Establish more in-depth client partnerships
• Build market awareness and consolidate third party relationships
• Attend industry conferences, trade fairs and exhibitions
• Dedicated teams to cover specific regions and skill sets:• Asia Pacific, Middle East, Latin America, North America, Europe, Africa
• Developed an international service / in-depth market knowledge• Market trends analysis – sector/region specific
• Customer buying behaviours
• Market Trends Survey of over 5,300 job seekers
• Salary & Benefits Survey of over 2260 job seekers
Type of Oil & Gas Company worked in
39.5
24.8
17.815.9
2 Operator
Engineering contractor
Consultancy
Other inc EPC and Drilling
Service company
Oil & Gas Disciplines worked in
26
14.88.88.48
7.2
5.65.6
5.6 3.6 2.422 Upstream Drilling, Wells & Completions
HSEQInstallation / constructionMechanical & PipingOperations Maintenance & IntegrityGeosciencesReservoir, Petroleum/Production EngineeringProject EngineeringE&I / AutomationSupply Chain / ProcurementSubsea/PipelinesProduction OperationBusiness Development / Commercial
• 62.6% work contract, 37.4% are permanently employed• The average annual Upstream Drilling/Wells & Completions salary is USD 96,357• The average annual HSEQ salary is USD 29,460• The average annual Installation/Construction salary is USD 26,280• Top 5 benefits actually received across all disciplines are Flights to/from point of hire,
Healthcare, Bonus, Accommodation Allowance then Life Insurance• The most popular e benefits amongst respondents are Healthcare, Life
Insurance, Accommodation Allowance, Flights to/from point of hire, Bonus
Demographic of Age Groups
30.6
26.323.8
16.41.8
1 35-4445-5425-3455-6465-7418-24
Of the 35-44 age group• 65.4% work contract, 34.6% permanently
employed•The average annual salary is USD 45,716•The average day rate paid is USD 560•Top benefits actually received are Flights to/from Point of Hire , Healthcare, Bonus then Accommodation Allowance•The most popular amongst respondents are Flights to/from Point of Hire, Healthcare, Life Insurance, Accommodation Allowance then Relocation Allowance
Of the 45-54 age group• 66.7% work contract, 33.3% permanently employed• The average annual salary is USD 88,757• The average day rate paid is USD 823• Top benefits actually received are Flights to/from
Point of Hire, Accommodation Allowance • Healthcare then Bonus• The most popular amongst respondents are Flights
to/from Point of Hire, Healthcare, Accommodation Allowance then Life Insurance
Number of years’ experience
24.3
18.718.7
13.5
11.67.5
5.625+6-1011-1521-2516-203-5Up to 3
Of those with over 25 years’ experience• 73.9% work contract, 26.1% are permanently employed• The average annual salary is USD 159,280• The average day rate paid is USD 1,478• Most popular actual benefits received are Flights to/from point of
hire, Healthcare , Accommodation Allowance then Bonus• Respondents favour the following benefits - Flights to/from point of
hire, Healthcare, Accommodation Allowance then Life Insurance
Number of years’ experience: Average Salaries
• 6-10:• The average annual salary is USD 31,894• The average day rate paid is USD 435
• 11-15:• The average annual salary is USD 377,578• The average day rate paid is USD 519
• 21-25:• The average annual salary is USD 44,650• The average day rate paid is USD 591
• 16-20:• The average annual salary is USD 29,340 • The average day rate paid is USD 663
• 3-5:• The average annual salary is USD 24,756• The average day rate paid is USD 98
• Up to 3:• The average annual salary is USD 48,467• The average day rate paid is USD 35
24.3
18.718.7
13.5
11.67.5 5.6
25+6-1011-1521-2516-203-5Up to 3
Highest Level of Qualification Achieved
30.8
23.719.7
7.25.7
3.6 3.6 2.91
1
DegreeMasters DegreeCollege Diploma/CertificateHonours DegreeSchool qualificationMBAProfessional/CharteredVocationalApprenticeshipDoctorate
Of those with a Degree/Masters Degree level qualification:• 57% work contract, 43% are permanently employed • The average annual salary is USD 328,894• The average day rate paid is USD 580• Benefits actually received are Flights to/from point of hire, Healthcare, Bonus• then Accommodation Allowance • The most popular benefits amongst respondents are Flights to
/from point of hire, Healthcare, Life Insurance then Accommodation Allowance
Most popular benefits offered Asia wide
62.6
56.6
48.4 48
28.5 28.5 28.1
19.6
14.2 13.2 12.8 12
5.7
Age Group
Benefits rated as extremely important78
67.4
56.854.6
39.236.8
31.6127.6 27.6 26.3
Age Group
Other Benefits:• 46.8% of respondents rated Gym Membership as the least important• 42% rated Shares of little or no importance• 36.9% rated IT equipment – Phone/laptop etc as fairly important
Split of Contract vs Permanent employees
62.6
37.5
ContractPermanent
31.7
30.515
12.6 10.2
7-12 months13 -24 months6 months or less36 months +25 - 36 months
Split of Contract Length
Of those working on contracts up to 7-12 months’ duration:• The average day rate paid is USD 836• Top 4 actual benefits received are, in order of popularity, Flights
to/from point of hire, Healthcare, Accommodation Allowance then Life Insurance
• Most popular benefits are those listed above but Life Insurance is more popular than Accommodation Allowance
Actual benefits for permanent employees28.1
24.2
20.6 19.9
11.7 11.410
8.9 8.5 8.2 7.56
4.3
Age Group
Of those permanently employed:• Top 5 most popular benefits as rated by respondents - Healthcare,
Flights to/from point of hire, Life Insurance, Accommodation Allowance followed by Bonus
• The least popular were Gym Membership (39.9% rated this fairly or totally unimportant) and Shares (32.8% rated this as fairly or totally unimportant)
Split of Asian countries worked in
16.6
10.8
9.7
8.3
6.56.54
3.63.2
2.9
2.92.9
2.52.5
2.22.2
2.22.21.81.4
1.4
10.7 0.7 0.4 0.4 0.4 0.4
United Arab EmiratesIraqMalaysiaSaudi ArabiaIndiaIndonesiaQatarOmanChinaKorea, SouthSingaporeThailandIranKazakhstanKuwaitPakistanPhilippinesRussian FederationTurkeyBruneiYemenVietnamEast TimorTurkmenistanBangladeshJapanSyriaUzbekistan
In which currencies do day rates tend to be paid?
81.7
9.8
5.2 2.60.9
US Dollars (USD)
Euro (EUR)
British Pounds Sterling (GBP)
Malaysian Ringgit (MYR)
Australian Dollars (AUD)
Most popular currencies in which annual salary is paid
75.3
9.7
8.6 5.4 1
US Dollars (USD)
Euro (EUR)
British Pounds Sterling (GBP)
Malaysian Ringgit (MYR)
Australian Dollars (AUD)
Respondent Feedback on Market
• Respondents were asked: With regard to job opportunities and salaries offered within the country you currently work what do you predict in 2015?
36.9
34.3
9.1 3
They will stay the same over the next 12 months
An increase in the next 12 months
A reduction in the next 12 months
Not sure
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