Major employment report shows signs of returning confidence in the oil and gas market
Industry survey of 10,000 respondents shows:
• Almost 60% of employers expect to recruit significantly over next 12 months
• Almost half of employers expect salaries to rise
After a tough four years new research shows that for the first time since 2014 the oil and gas industry expects more new jobs to be created than lost over the next 12 months.
Since the price of oil crashed in 2014 it is estimated that more than 440,000 jobs have been cut in the sector worldwide. However, with the price of oil having stabilised since July this year, new research by recruiter NES Global Talent and oilandgasjobsearch.com shows that almost 90% of employers expect staffing levels to either increase or remain the same in 2018.
The survey shows that in total almost 60% of employers expect to recruit significantly over the next 12 months. Of those almost a quarter (23%) of employers expect to increase their workforce by 5%; almost a fifth, (19%) expect to increase staffing by between 5 and 10%; and more than a sixth (17%) by more than 10%.
Almost a third (30%) of employers expect staffing levels to remain the same and just 11% of employers expect to cut jobs.
In total NES Global Talent and oilandgasjobsearch.com surveyed more than 3,000 employers and almost 7,000 workers as part of their Oil and Gas Outlook 2017 report.