Download - Global Power sector market trends - 2015
Power SectorMarket Trends
April 2015
Introduction to WRS
• Global recruitment specialists within the Construction, Oil & Gas, Mining, Maritime and Power industries.
• Our head office is based in the UK; in 2014 we opened our 1st overseas office in Kurdistan, early 2015 saw us open up in Singapore and we will be on the ground in Houston, Texas before the end of 2015.
• Technically skilled permanent / contract staff
• We live and breathe our values of Integrity, Pride, Hard Work and Expertise
• £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:• Latin America, North America, Europe, Africa, Asia Pacific, Middle East
• Developed an international service / in-depth market knowledge• Market trends analysis – sector specific
• Customer buying behaviours
• Market Trends Survey of over 5,300 job seekers
• Salary & Benefits Survey of over 2260 job seekers
Type of Power Company Worked in
21.8
21.8
12.97.9
6.9
6.9
5.95
4 3 2 11
Engineering Company
Transmission & Distribution
Wind
IPP
Thermal
Gas
Diesel
OEM
Coal
Hydroelectric
Solar/PV
Developer
Biofuels% of Responses
Power Disciplines Worked in
32.7
21.821.2
13.5 5.82.61.9
0.6 Operations & Maintenance
Technical Specialists
Projects
Construction
Quality & HSE
Finance
Executive
Legal & Compliance
% of Responses
Key Facts:• 41.4% work contract, 58.6% are permanently employed
• The average annual Operations & Maintenance salary is USD 158,843• The average annual Technical Specialists salary is USD 87,816• The average annual Projects salary is USD 15,162
• Top 4 benefits actually received across all disciplines are Bonus, Healthcare, Accommodation Allowance then IT Equipment
• The most popular e benefits amongst respondents are Healthcare, Flights to/from point of hire, Life Insurance then Accommodation Allowance
Demographic of Age Groups
33.9
31.4
24.65.9
2.51.725-34
35-4445-5455-6465-7418-24
25-34 years’ experience (33.9%) 35-44 years’ experience (31.4%)• 50/50 split between contract and permanent • 33.8% contract, 66.2% permanently employed
•The average day rate paid is USD 198 •The average day rate paid is USD 553
• Most popular received benefits are Bonus, Healthcare/IT Equipment equally, then Contributory Pension and Accommodation Allowance
• Most popular received benefits are Healthcare, Bonus, Accommodation Allowance then IT Equipment
• Respondents favour Healthcare, Accommodation Allowance, Life Insurance then Bonus
• Respondents favour Healthcare, Flights to/from Point of Hire, Life Insurance then Contributory Pension
% of Responses
Number of Years’ Experience
27.9
16.214.4
13.5
12.6
9.95.4
6-1025+11-15Up to 316-2021-253-5
Of those with 6-10 years’ experience:• 29% work contract, 71% are permanently employed
• The average annual salary is USD 161,681• The average day rate paid is USD 226
• Most popular actual benefits received are Bonus, then Healthcare with IT equipment then Accommodation Allowance
• Respondents favour the following benefits – Healthcare, Accommodation Allowance, Contributory Pension then Flights to/from point of hire
% of Responses
27.9
16.2
14.4
13.5
12.6
9.95.4 6-10
25+
11-15
Up to 3
16-20
21-25
3-5
Number of Years’ Experience: Average Salaries
Years’ Experience Annual Salary Average (USD) Day Rate Average (USD)Up to 3 11,520 133
11-15 25,600 210
16-20 155,850 616
% of Responses
Split of Contract vs Permanent Employees
41.4
58.6
ContractPermanent
37
32.6
138.7 8.7
7-12 months13 -24 months6 months or less36 months +25 - 36 months
Split of Contract Length
% of Responses
Of those working on contracts of up to 24 months duration:• The average day rate paid is USD 327
• Top 4 actual benefits received are, in order of popularity, Healthcare, Bonus, Accommodation Allowance then IT Equipment
• Most popular benefits are Healthcare, Flights to/from point of hire, Accommodation Allowance then Contributory Pension
Highest Level of Qualification Achieved
36.5
33.9
19.5 3.4
2.5 2.50.9
0.9Degree/Honours Degree
Masters Degree/MBA
College Diploma/Certificate
Professional/Chartered
Vocational
Apprenticeship
No formal qualifications
School qualification
% of Responses
Of those with a Degree/Honour’s Degree level qualification:• 41% work contract, 59% are permanently employed
• The average annual salary is USD 73,036• The average day rate paid is USD 333
• Benefits actually received: Bonus, Healthcare, IT Equipment then Accommodation Allowance
• The most popular benefits amongst respondents are Accommodation Allowance, Flights to/from point of hire, Healthcare then Bonus
Most Popular Benefits Offered Worldwide Across Contract & Permanent Roles
54.251.7
45.844
39
34.8 34.6
20.3
8.5 8.5 7.6
4 3.4
Age Group
% of Responses
Other benefits:• 2% of respondents receive no benefits
• Car and travel allowances offered in SA
• Cell phone airtime offered in both Nigeria and SA
Actual Benefits for Permanent Employees38.1
34.8
30.528
24.622.9
21.2
13.6
6.8 5.9 5.93.4 2.9
Age Group
% of Responses
Respondents preferred benefits:• Top 5 most popular benefits as rated by respondents shows a marked disparity -
Healthcare, Contributory Pension, Flights to/from point of hire, Accommodation Allowance followed by Life Insurance.
• The least popular were Gym Membership (56.5% rated this unimportant) and Shares (22.7% rated this as not important at all)
Benefits rated as Extremely Important Worldwide Across Contract & Permanent Employees
6661.8
53.450 48.9
45.5
39 37.434
28.6Age Group
% of Responses
Other benefits:• 35.4% of respondents rated Gym Membership as the least important
• 32.4% rated Shares of no importance
• 36.9% rated Schooling/Childcare Subsidy as neither important or unimportant while 22.8% rated it of no importance at all
Benefits Offered vs Benefits Preferred Worldwide Across Contract & Permanent Roles
Bonus
Health
care
Accom
mod
ation
allo
wance
IT e
quipm
ent –
Pho
ne/la
ptop
etc
Flight
s (T
o/fro
m p
oint o
f hire
)
Contri
buto
ry p
ensio
n
Compa
ny c
ar/v
ehicl
e
Reloca
tion
allow
ance
Life
insur
ance
54.251.7
45.8 44
3934.8 34.6
20.3
4
45.5
66
50
34
61.8
48.9
37.4 39
53.4
Offered Preferred
% of Responses
Split of continent respondents working on
55.219.8
19.8
3.5 1.7Africa
Asia
Europe
South America
North America
% of Responses
5050
USA Canada
Geographic Split of Respondents by %
Asia
Europe
% of Responses
17.4
13
8.7
8.78.78.7
8.74.4
4.44.4
4.4 4.4 4.4
UKGermanyBelgiumDenmarkFranceNetherlandsSpainIrelandItalyMacedoniaPortugalSlovakiaSweden
18.5
18.5
11.111.1
7.4
7.43.7
3.73.7
3.73.7 3.7 3.7
PakistanSaudi ArabiaIndonesiaIraqQatarUAEAfghanistanBangladeshChinaIndiaKazakhstanKorea, SouthNepal
Focus on Africa
35.4
21.59.27.7
6.1
4.6 4.61.5
1.51.5
1.5 1.5 NigeriaSouth AfricaKenyaCameroonMoroccoAngolaIvory CoastChadEgyptEthiopiaSenegalSierra LeoneUgandaZambia
Countries worked in
Split of South African Provinces worked in
54.518.2
18.2 9.1Gauteng
KwaZulu-Natal
Western Cape
Northern Cape
% of Responses
Annual salary bands for SA Rand paid employees
25
21.915.615.6
12
3.13 3.1 3.1R530,001-700,000
R700,001-880,000
R350,001-530,000
R1,050,001-1,230,000
R175,001-350,000
R1,230,001-1,410,000
R1,410,001-1,580,000
R1,760,001-2,230,000
% of Responses
Currencies in Which Salaries Are Paid
39.314.3
10.73.6
1.2
Euro (EUR)Nigerian Naira (NGNBritish Pounds Sterling (GBP)South African Rand (ZAR)US Dollars (USD)
Day Rates
Annual Salaries26.8
21.421.4
19.68.9 1.8
US Dollars (USD)Euro (EUR)Nigerian Naira (NGN)South African Rand (ZAR)British Pounds Sterling (GBP)Peruvian Nuevo Sol (PEN)
% of Responses
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?
50.4
24.8
6.8 1.2
An increase in the next 12 months
They will stay the same over the next 12 months
A reduction in the next 12 months
Not sure
% of Responses
Next Steps
If you would like more information on our Power Sector survey, or require assistance with recruiting for this market,
then please contact our dedicated team of consultants.
Likewise, if you are thinking of making a career change and require
support in sourcing your next role in Power, please
view our latest jobs or get in touch with our team.
Phone: +44(0) 161 926 2525 Email: [email protected]