Increased hiring, but skills shortages still a problem in oil & gas, research finds
However, as new projects and business investment lead employers to increase headcount, skill shortages are still affecting recruitment plans.
The job index, which charts the number of jobs posted on nine oil and gas job portals across the world, rose to a high of 1.65 in the first quarter of 2014, a substantial increase from the end of last quarter’s index of 1.31 and on par with the year-on-year score of 1.68.
The Index was established in October 2010 when it was set at 1 all subsequent months have been compared to this benchmark. Many of the regions are facing an increase in hiring for 2014 and in order to attract top talent in competitive markets, are increasing salaries and benefit packages.
“The first quarter of 2014 has been a strong one globally, with Africa, CIS and North America seeing the biggest hikes in job numbers,” said John Faraguna, Global Managing Director of Hays Oil & Gas. “Investment in businesses and new technologies to support enhanced oil recovery (EOR) is driving new projects. As a result, optimism is high and we expect to see further growth in 2014. However, as companies look to increase their headcount in specialist, niche areas, employers may struggle to find the talent needed and be forced to fight it out with other companies for these sought after profiles.”
The Hays Oil & Gas Global Job Index provides a measure of month-to-month jobs posted on the principal online job portals within the global oil and gas industry. The data is compiled by a team of analysts and researchers, and is broken down to reflect regional differences in hiring activity.
To view further detail on the index and the regional results, go to the Hays Oil & Gas website on www.hays-oilgas.com