DNV Maritime Solutions\' Working Environment Survey of the Norwegian Maritime Cluster 2009

1,376 views
1,257 views

Published on

Taking the pulse on the maritime industry

In 2007, DNV Advisory Services initiated a working environment survey for the maritime industry in Norway. The ambition was to contribute to the continuous work of the industry to maintain the competitive advantage for both the Norwegian maritime industry as a whole, as well as for individual companies.

Together with YoungShip, DNV has developed the reference on the working environment for young people in the maritime industry – what attracts them, how they are and want to be developed, and how companies work to attract and retain them. The survey database currently contains more than 1000 unique respondents from the maritime industry in Norway, the UK and Singapore. This unique material allows for a peek into the mechanisms that makes this industry of ours tick.

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,376
On SlideShare
0
From Embeds
0
Number of Embeds
8
Actions
Shares
0
Downloads
37
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

DNV Maritime Solutions\' Working Environment Survey of the Norwegian Maritime Cluster 2009

  1. 1. DNV Maritime Solutions Working Environment Survey 2009 Taking the pulse on the maritime industry Ari Marjamaa, Director, DNV Maritime Solutions October 8th 2009
  2. 2. Executive summary (1/2) About the respondents in the survey In Norway, the atmosphere is perceived to be better at the largest companies The typical respondent is around 30 years old, but almost 40% are between 30 and 40 The majority of the Norwegian respondents have a MSc degree …but we are still satisfied working in the maritime industry compared to around a third having Bachelor degrees Despite the market turmoil and uncertainties, more than half of Norwegian women and men choose differently when it comes to the respondents are happy in their current job education, but not dramatically so Most of the respondents are happier with their job now than in Shipowners represent one third of the population, with the rest the previous years, except people working with ship finance and relatively evenly distributed across the remaining segments classification Commercial positions are represented by a third of the population, while operational roles represent a fifth Why do we work in the maritime industry? All age groups have similar reasons for choosing the maritime The crisis is felt by us all… industry, but family & traditions are more important for the youngest and the oldest The financial crisis and the downturn in shipping have influenced all parts of the maritime industry, leading to recruitment freezes Both women and men choose the maritime industry because it is and cost cutting initiatives an exciting business, but men rank the salary higher than women do The larger the firm the more initiatives have been taken to adapt to the changes in the shipping market All educational backgrounds choose the industry because it is exciting, but MBAs in particular find the career opportunities Consulting and ship insurance are the most positive segments, attractive while agents and shipowners are the most negative segments Shipowners are the natural hub for employers in the maritime Only 7 % of the respondents are afraid of losing their job, but industry 14% would be willing to reduce their salary to keep it DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 2
  3. 3. Executive summary (2/2) How does the industry players attract talents? The satisfaction of the job largely depends on the satisfaction with development initiatives and remuneration, but also of how Advertisements are still the primary source for attracting future challenging your tasks are employees, but headhunting and personal network have been more important in the past 12 months as a means of getting a - The three factors explain more than half of the variability in the new job happiness with the current job, with challenging tasks being the most important Developing talents – an upside potential - The way the employer contributes to personal development Junior management training and job rotation are most used influences how happy you are in your job career development initiatives - The remuneration is important for job satisfaction, but not the Less than a fifth of respondents report having talent programmes main point or structured career planning in place in their organizations But job happiness only explains about 20% of how long an Talent management is a key issue in today’s HR landscape, and employee expects to remain in her position it appears that the industry has some improvement potential here Less people are actively looking for a new job, while a larger percentage have increased their time perspective in the current Retaining talents by challenging and developing them job Satisfaction is generally lower than the importance, creating a - The employees on the move will leave their current employer, latent dissatisfaction (AKA upside potential) but the majority will remain in the industry There are clear changes in 2009 compared to the overall - The shorter the perspective, the more likely that the employee averages for motivational factors, but little change in relative will leave the company or the industry altogether satisfaction There is a strong correlation between the factors important to the What are tomorrow’s challenges? employee and how happy she is in her job Environmental issues, recruitment and competence and There is a clear relationship between how happy you are in your increasing overcapacity of vessels are perceived as the major job and how long you expect to stay future challenges for the industry DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 3
  4. 4. What does the presentation contain? Background and introduction The survey population - Who are they? - What do they do? The times are tougher – does that make a difference? - What are the effects of the market turbulence? - Does the charm of the maritime industry remain, despite the tough times? Managing your talents - Attract them - Retain them - But is that enough to keep them? Who are tomorrow’s winners? Where to next? DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 4
  5. 5. Shifting the focus from the sea to the shore The big issue has left a shadow onshore Keeping the ball rolling For many years, the maritime industry has been aware of the In 2007 DNV Advisory Services initiated a working environment challenges in recruiting and retaining offshore personnel. Many survey for the maritime industry in Norway. The ambition was to efforts have been made to tackle this issue and a lot of attention contribute to the continuous work of the industry to maintain has been given to it. To a certain degree, this has come at the competitive advantage for both the Norwegian maritime industry cost of the attention given to onshore personnel. as a whole, as well as for individual companies. Also, the maritime industry is inherently traditionalist, some Together with YoungShip, DNV has developed the reference on would say conservative, and has not always lead the way in the the working environment for young people in the maritime implementation of sophisticated management practices and industry – what attracts them, how they are and want to be organizational philosophy. developed, and how companies work to attract and retain them. The survey database currently contains more than 1000 unique People – the building block of companies and industries respondents from the maritime industry, allowing a peek into the mechanisms that makes this industry of ours tick. DNV Advisory Services work with our clients on a wide range of issues. A constantly repeating factor in all the work we do is the Since we started the Survey in 2007, we have noticed a shift in importance of the competence, experience and skills of the the way companies thing about onshore employees – more people working at our clients’ organizations. focus, more development, more structure. It may seem as if the ball has started rolling. Over and over again, we see that this is the key driver for competitive advantage and long term business performance. Same procedure as last year, or maybe not? We also see that often too little attention is given to the development and nurturing of onshore human resources. The survey is currently in its third year – and what a year! The shipping industry has gone from a once-in-a-lifetime high to a Not only individual companies suffer from this, but also the once-in-a-lifetime low. Within less than 12 months! How does industry as a whole. Only the best people can build the best this affect life in maritime companies? And how are the people industry – but they have to be recruited, trained and developed within them affected and changing? (not to say retained) by the industry to really matter. In the following we hope to give you a glimpse of this, so let us move on. DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 5
  6. 6. About the survey The survey consists of 50+ questions on topics such as - The respondents background (age, sex, nationality, education) - Current workplace and employer (what company and department, size of company, etc) - What attracts to the industry or a certain job - What are the motivation in the current position - Mobility - Remuneration (salary, bonus & benefits) - Personal development (training, etc.) The survey is distributed as an online questionnaire provided by Questback, www.questback.com DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 6
  7. 7. What does the presentation contain? Background and introduction The survey population - Who are they? - What do they do? The times are tougher – does that make a difference? - What are the effects of the market turbulence? - Does the charm of the maritime industry remain, despite the tough times? Managing your talents - Attract them - Retain them - But is that enough to keep them? Who are tomorrow’s winners? Where to next? DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 7
  8. 8. About the population and the respondents DISTRIBUTION OF SEGMENTS DISTRIBUTION OF RESPONDENTS’ NATIONALITY Percent of France N total 1,3 % Shipowner 75 32 % Equipment maker 8 3% Sweden 3,1 % Singapore Yard 2 1% 0,9 % Ship management 21 9% United States Ship broking 19 8% 0,9 % Other China Ship financing 23 10 % Norway 0,4 % 6,2 % Finland Ship insurance 15 6% 90,7 % 0,4 % Consulting 16 7% New Zealand 0,4 % Poland Maritime law 6 3% 0,4 % Class society 15 6% Turkey Spain 0,4 % 0,4 % Agent 4 2% United Kingdom Other, please specify 27 12 % Share of respondents 0,4 % 231 DISTRIBUTION OF AGE & SEX DISTRIBUTION OF LOCATION THE SURVEY POPULATION Percent of The population consists of the members of Youngship Percent of total N total in Norway, spread out among the entire maritime N Oslo 119 52 % industry as well as geographically in Norway 20-25 years 16 7% Bergen 75 32 % (including some abroad) 26-30 years 132 57 % Haugesund 1 0% 31-40 years 83 36 % Kristiansand 10 4% 231 • The breadth and diversity of this group allows for Stavanger 2 1% drawing conclusions on an industry wide level. Percent of total Other, please 22 10 % N Total 229 Female 77 33 % • There are few respondents in some of the segments, Male 154 67 % which dictates some caution to be made in the Total 231 conclusions drawn here. DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 8
  9. 9. The typical respondent is around 30 years old, but almost 40% are between 30 and 40 Age distribution of respondents (2007-2009) A total of 231 respondents 60,00 % participated in the survey in 2009 Share of respondents Total number of respondents over the last 3 years is 1000+, including 40,00 % respondents in Singapore and the UK 2007 2008 2009 The respondent group is dominated by respondents in the 26-30 age 20,00 % bracket, representing almost 60% of the respondents The youngest age bracket 0,00 % represented less than 10% in 2009 20-25 years 26-30 years 31-40 years DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 9
  10. 10. One third of respondents are women and the share is rising Distribution of gender in 2009 Development in distribution of gender since 2007 100 % Share of respondents 90 % 80 % 70 % Female 60 % 34 % 50 % Male Female Male 40 % 66 % 30 % 20 % 10 % Share of respondents 0% 2007 2008 2009 About one third of the respondents are female Since the first survey, the share of women has risen by almost 10 percentage points This is probably a reflection of a higher share of women in the shipping industry in Norway DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 10
  11. 11. The majority of respondents are located in Oslo, but around one third in Bergen and 15% in other locations IN WHICH LOCATION you work (Norway 2009)(NO 2009) In which locatio do DO YOU WORK? IN WHICH LOCATION DO YOU WORK? (NO 2007- 9) Other 100 % Share of respondents Stavanger 10 % 1% Kristiansand 90 % 4% 80 % Haugesund 0% 70 % Other 60 % Stavanger Kristiansand 50 % Haugesund Oslo 40 % Bergen 52 % Oslo 30 % 20 % Bergen 33 % 10 % 0% Share of respondents 2007 2008 2009 The majority are located in Oslo, with Bergen a good The survey has increased in scope, as the population number two has widened from being purely Oslo & Bergen based, to being national Among “Others” are Bangkok, Bombay, London, Sopot (Poland), Tønsberg, Arendal, Grimstad, Sortland & Offshore DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 11
  12. 12. The respondent group is overwhelmingly of Norwegian nationality The vast majority of the Norwegian Distribution of nationality of Norwegian respondents are of Norwegian respondents nationality The second biggest group is Swedish Around 5% are of other origins, among Sweden these 3% - Singapore France 1% - China Norway Other - Finland 91 % 5% - New Zealand - Poland - Spain, - Turkey - United Kingdom Share of respondents - USA DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 12
  13. 13. The majority of the Norwegian respondents have a MSc degree compared to around a third having Bachelor degrees THE LEVEL OF EDUCATION OBTAINED THE LEVEL OF EDUCATION OBTAINED SPLIT BY SEX None of the above 5% MBA 3% Diploma 2% Diploma Female Male Bachelor Master Mariner Bachelor Master of Science / Master (incl. 33 % Siviløkonom & Sivilingeniø Master of Science / MBA Master (incl. Siviløkonom & Sivilingeniø 53 % None of the above Master Mariner Other 4% 0,00 % 20,00 % 40,00 % 60,00 % Share of respondents Share of respondents DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 13
  14. 14. Norwegian women and men choose differently when it comes to education, but not dramatically so What is your educational background? Overall the picture is relatively similar, but with different weights 100 % Share of respondents More women have chosen “other” 90 % and among these are - Natural sciences 80 % - Teaching - Merchandising/design 70 % Other, please specify - Marketing Military education - Marine sciences (fishery and 60 % Nautical aquaculture) Law - Humanities/Language 50 % IT Finance/Economics The men that have chosen “other” 40 % Technical/Engineering have background from among Administrative/Business others 30 % - Logistics 20 % - Shipping and Logistics - Nautical & Business 10 % - Mathematics and Statistics - Logistics 0% - Maritime Business w/law Female Male DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 14
  15. 15. The average total work experience in Norway is between 1 to 5 years, while the majority have been 1-3 years in the maritime industry How many years ofwork experience (Norway 2009) Total total work experience do you have? 35 % Similar distribution of the respondents in all Share of respondents 30 % 3 years the survey have been undertaken 25 % Around 50% of the respondents have 20 % between 1 and 5 years of experience, with 15 % 5-10 years being the second largest bracket 10 % with about 30% 5% 0% In 2009, less than 5% were “straight-out-of- <1 year 1-3 years 3-5 years 5-10 years >10 years, school” please specify How long have you worked in the maritime industry? 50 % Almost half the respondents have been 1-3 Share of respondents 40 % years in the maritime industry, with around 30 % 45% (2009) having more than 3 years 20 % experience 10 % Around 10% have less than a year 0% <1 year 1-3 years 4-5 years 6-10 years >10 years, experience from the maritime industry please specify 2007 2008 2009 DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 15
  16. 16. No educational groups stand out with very short work experience, but law and technical/ engineering have the most respondents with less than 5 years experience Total work experience by educational background 100 % Share of respondents 90 % 80 % 70 % >10 years, please specify 60 % 5-10 years 50 % 3-5 years 1-3 years 40 % <1 year 30 % 20 % 10 % 0% w al IT s e ify s g n es ag ic La io rin tic ec om at in er au ee sp uc us Av on N in ed /B se ng Ec e ea ry l/E iv e/ a t pl nc ra ca ilit , t na ni er is M in ch th Fi m O Te Ad DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 16
  17. 17. Some segments have very low average work experience, especially yards and maritime law Total work experience by employer Other, please specify Agent Class society Maritime law Consulting <1 year 1-3 years Ship insurance 3-5 years Ship financing 5-10 years Ship broking >10 years, please specify Ship management The red marker delimits the percentage with less Yard than 5 years experience Equipment maker Shipowner 0% 20 % 40 % 60 % 80 % 100 % Share of respondents DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 17
  18. 18. Similar distribution of work experience in the different size segments Total work experience by size of company Large <1 year 1-3 years Medium 3-5 years 5-10 years >10 years, please specify The red marker delimits the percentage with less Small than 5 years experience 0% 20 % 40 % 60 % 80 % 100 % Share of respondents DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 18
  19. 19. What does the presentation contain? Background and introduction The survey population - Who are they? - What do they do? The times are tougher – does that make a difference? - What are the effects of the market turbulence? - Does the charm of the maritime industry remain, despite the tough times? Managing your talents - Attract them - Retain them - But is that enough to keep them? Who are tomorrow’s winners? Where to next? DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 19
  20. 20. Shipowners represent one third of the population, with the rest relatively evenly distributed across the remaining segments At what type of company do you work? Yards and agents are the least Maritime law Agent Yard 3% 2% 1% represented segments with only a Equipment maker few respondents. This will be taken 3% Class society into consideration in the remaining 6% segment wise analyses. Shipowner 33 % Ship insurance The other segment consists of 6% among others Consulting -Drilling company -FPSO contractor 7% -Bunker Trading -Tax law -IT -Marine Insurance -Coastguard Broker Ship broking -Carrier -Oil company 8% -Maritime supply and -Ships Service Other, please logistics -Marine Operations Ship management specify -Maritime services -Coating contracting 9% Ship financing 12 % -Research -Oil insurance, 10 % -Ministry of Trade Share of respondents DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 20
  21. 21. Commercial positions are represented by a third of the population, while operational roles represent a fifth The “Other” segment include In which area of the company is your current position? - Analyst Legal - Finance 7% Other, please - Broking, Sales & Purchase + specify Newbuilding 11 % - Insurance - Trainee - Bank Commercial - Product marketing 32 % - Customer service - Insurance Administrative - Client Relationship 15 % - Captein - Inspection co-ordinator - Service Operational Technical - IT 20 % 15 % - Consultancy/ advisory - Business Development - Marine & HSEQ Share of respondents DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 21
  22. 22. More than half the respondents still being with their first employer in the maritime industry 55% of the respondents are still with their first How many employers have you previously had in the maritime industry? employer in the maritime industry Only about 7% have had 3 or more employers With work experience the number of previous employers grows, but still a third of the respondents with more than 10 years experience in the industry have only had one other previous employer or less 55% How many employers have you previously had in the maritime industry? 80 % 60 % None None 1 2 3 >3 40 % 1 Share of respondents 2 Share of respondents 3 >4 20 % 0% <1 year 1-3 years 4-5 years 6-10 years >10 years, please specify DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 22
  23. 23. What does the presentation contain? Background and introduction The survey population - Who are they? - What do they do? The times are tougher – does that make a difference? - What are the effects of the market turbulence? - Does the charm of the maritime industry remain, despite the tough times? Managing your talents - Attract them - Retain them - But is that enough to keep them? Who are tomorrow’s winners? Where to next? DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 23
  24. 24. The financial crisis and downturn in shipping have influenced all parts of the maritime industry The company has experiences loss of business Profitability has dropped All players in the maritime industry 100% have experienced loss of business Share of respondents 75% Maritime law is “the winner” in the 50% cluster 25% 100 % of the shipbuilding industry 0% report loss of profitability and class and shipbuilding report most r g t g g g e er w ne en ty cin tin in in nc la th cie ok em ow ild ul ra negative effect of the situation* O an e so ns bu m br su ip ag fin it i Sh ip Co ip in s an ar as ip Sh Sh ip M m Sh Cl Sh ip Sh Newbuilding cancellation affect the company Lay-up of ship affect the company Equipment makers, class and 100% shipbrokers suffer the most from Share of respondents 75% cancellations 50% Lay-up of ships effects insurance, 25% ship mgmt companies and owners 0% Maritime law firms and consultants r g t g g g see little or no negative effect of the e w er ne en ty cin tin in in nc la th cie ok em ow ild ul ra an O e so ns bu m br overcapacity in the markets su ip ag fin it i Sh ip Co ip in s an ar as ip Sh Sh ip M m Sh Cl Sh ip Sh * Note: Few respondents in shipbuilding segment DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 24
  25. 25. The downturn has lead to recruitment freezes and cost cutting Recruitment is stopped The company has laid off people External recruitment is widely 100% Share of respondents stopped 75% 50% Maritime law and ship insurance companies are the only employers 25% that have not yet laid off people 0% Ship building and ship management r g t g g g e w er ne en ty cin tin in in nc la th cie companies report most employment ok em ow ild ul ra an O e so ns bu m br su ip ag fin it i Sh ip Co ip in ss terminations an ar ip Sh Sh a ip M m Sh Cl Sh ip Sh Cost cutting efforts are initiated Restructuring has been initiated Organisational measures are initiated 100% in all part of the industry Share of respondents 75% Cost cutting initiatives are more 50% common than restructuring of the 25% organisation 0% Maritime law and consulting have experience least restructuring ng t r g e ng g w er en ne ty in nc in la th e ci lti em ok w ld ci ra an e O su po ui so m br su ag on fin pb hi it i in p ss an S ar C hi hi p p la hi S M m S hi C S S p hi S DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 25
  26. 26. The larger the firm the more initiatives have been taken to adapt to the change in the shipping market Has your company laid Is external recruitment to Has your company started Has your company restructured off people? your company put on hold? cost cutting initiatives? to adapt to the crisis? Small S (< 50 employees) S S S Medium size Yes Yes Yes Yes M M M M (50-200 employees) No No No No L Larger L L L (>250 employees) 0% 25% 50% 75% 100% 0% 25% 50% 75% 100% 0% 25% 50% 75% 100% 0% 25% 50% 75% 100% Share of respondents Employees at smaller More than half of the 90 % of the largest The larger the firm the companies have up to companies with less companies have started more initiatives has now had the safest than 50 employees in cost-cutting initiatives, been taken to adapt to jobs, with less than 25 Norway are still while only 60 % of the the change in the % reporting that their recruiting smaller owners have shipping market company has laid up done the same people DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 26
  27. 27. Consulting and ship insurance are the most positive segments, while agents and shipowners are the most negative segments How would you describe the atmosphere at your company? Consulting Ship insurance Maritime law Class society Ship broking Ship management Other, please specify Ship financing Yard Equipment maker Shipowner Agent 0% 10 % 20 % 30 % 40 % 50 % 60 % 70 % 80 % 90 % 100 % Share of respondents Bad atmosphere Good atmosphere Consulting and ship insurance have the A high number of the respondents find that best atmosphere in the companies the atmosphere at agents and shipowning companies is bad DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 27
  28. 28. The atmosphere is perceived to be better at the larger companies How do you perceive the atmosphere at your company? Very good atmosphere Good atmpsphere Large Indifferent Bad atmosphere Largest companies have all Very bad atmosphere respondents on the positive or neutral note Very good atmosphere Medium Good atmpsphere Medium sized and small Indifferent companies show more Bad atmosphere mixed results, with Very bad atmosphere respondents ranging all over the specter Very good atmosphere Good atmpsphere Small Indifferent Bad atmosphere Very bad atmosphere 0% 10 % 20 % 30 % 40 % 50 % 60 % Share of respondents DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 28
  29. 29. Only 7 % of the respondents are afraid of losing their job, but 14% would be willing to reduce their salary to keep it What would you be willing to sacrifice to keep your job? Are you afraid of losing your job? Class society 100 % Share of respondents Maritime law Ship insurance 75 % Yard Ship financing 50 % No Shipowner Yes Yes No Consulting 25 % Other, please specify Equipment maker Ship management 0% I w ould be w illing I w ould be w illing I w ould be w illing I w ould be w illing Other, please Agent to reduce my to w ork overtime to reduce my to reduce my specify bonus unpaid benefits & perks salary Ship broking 0% 25 % 50 % 75 % 100 % Share of respondents Overtime payment is set higher than benefits and perks 7 % of the respondents are afraid of losing their job Reduction in salary is the least favourable situation, however employees People with business and administration as with high bonus schemes (e.g. Ship brokers) are more willing to give up educational background and people in commercial base salary positions are most afraid of losing their jobs DNV Maritime Solutions Working Environment Survey 2009 Overall average 18 June 2009 © Det Norske Veritas AS. All rights reserved. 29
  30. 30. There is a clear willingness to sacrifice bonuses to keep the job, but more mixed with regards to bonus and overtime payment reductions What would you be willing to sacrifice to keep your job? 100 % Ship owners, ship Share of respondents Half the respondents would finance and insurance be willing to reduce bonus to the least motivated to keep the job, with equipment reduce salary makers and ship finance being the least willing Shipowner 75 % Equipment maker Ship management Ship broking Ship financing 50 % Ship insurance Consulting Maritime law Class society 25 % Other 0% I would be willing to I would be willing to I would be willing to I would be willing to Other, please specify reduce my salary reduce my bonus work overtime unpaid reduce my benefits & perks DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 30
  31. 31. What does the presentation contain? Background and introduction The survey population - Who are they? - What do they do? The times are tougher – does that make a difference? - What are the effects of the market turbulence? - Does the charm of the maritime industry remain, despite the tough times? Managing your talents - Attract them - Retain them - But is that enough to keep them? Who are tomorrow’s winners? Where to next? DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 31
  32. 32. Despite the market turmoil and uncertainties, more than half of the respondents are happy in their current job How satisfied are you in your current job? 60,00 % Share of respondents 40,00 % 2007 2008 2009 20,00 % 0,00 % Very Unsatisfied Unsatisfied Indifferent Satisfied Very Satisfied More respondents are “satisfied”, while fewer are Somewhat less respondents are “very satisfied” “indifferent” in their current job No difference in satisfaction between the different All segments are more satisfied this year, except sizes of company ship finance and classification DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 32
  33. 33. Most of the respondents are happier with their job now than previous years, except people working with ship finance and classification Satisfied 2009 Unsatisfied 2009 Satisfied 2008 Share of respondents 100 % 100 % Share of respondents 90 % 90 % 80 % 80 % 70 % 70 % 60 % 60 % 50 % 50 % 40 % 40 % 30 % 30 % 20 % 20 % 10 % 10 % 0% 0% Shipbuilding Ship broking Other Consulting Ship Shipowner Ship financing Class society Ship Maritime law management insurance Ship management has improved the most with ship Overall, people seem to be more satisfied in their insurance second jobs in 2009 than in 2008 Both ship finance and classification are less Satisfaction in the job is positively correlated with satisfied than last year, but marginally so the general atmosphere in the company DNV Maritime Solutions Working Environment Survey 2009 18 June 2009 © Det Norske Veritas AS. All rights reserved. 33

×