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Oil and gas salaries on their way up according to new in-depth Salary Guide

Oil and gas salaries on their way up according to new in-depth Salary Guide
The Salary Guide, produced by recruiting experts Hays Oil & Gas in partnership with specialist jobsite Oil and Gas Job Search, reveals that 75% of employers expect salaries to increase in the next 12 months. 
This is good news for an industry which was hit hard by the global recession. The scars are still very clear to see and salaries in many countries are yet to increase, says Matt Underhill, Managing Director of Hays Oil & Gas.
This year our global salary survey turned out an average permanent salary of US $75,700 per annum which interestingly is approximately the same as last year. While this suggests salaries have been flat this is not the case.
The figures were collected during September and October last year and they very much reflect where each country was in the recovery cycle. Average permanent salaries in Norway, Brazil and Qatar increased significantly compared with what was reported in our 2010 guide while they dropped in the UK, Oman and India. 
On the other hand, average day rates have risen by more than US $100. This is a good indicator of the state of the job market as they are much more reactive to short-term changes in demand for skills. To have an increase of this level shows the oil and gas industry is on a strong recovery curve following the tough times of 2008.
Duncan Freer, Managing Director of Oil and Gas Job Search, comments: Overall the figures demonstrate a level of confidence and more than half the respondents indicated they are positive about the current employment market. With an increase in the number of jobs posted and applications to jobs on Oilandgasjobsearch in the past 12 months, I am equally optimistic.
Freer however cautions, The oil and gas industry has to make a concerted effort to attract talented individuals, including new graduates, to ensure that skills shortages do not hamper its growth over the coming decade. It is clear from our survey that this didnt happen through the recession and there is now a certain amount of catch up to be done.
The 2011 Oil & Gas Global Salary Guide is based on the responses of almost 11,000 industry professionals worldwide. Figures are based on the exchange rates at the time of writing (as originally collected in US dollars).


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