Hays Oil & Gas Global Job Index


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Het aantal online geplaatste Oil & Gas vacatures blijft wereldwijd toenemenen. Lees hier meer over in de Hays Oil & Gas Global Job Index.

Volg ons ook op LinkedIn! Voor het laatste nieuws, vacatures & discussies omtrent de Olie & Gas industrie http://www.linkedin.com/groups?gid=3722774 &

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Hays Oil & Gas Global Job Index

  1. 1. hays oil & gasglobal Job Indexrecord job NUMBERSDURING last quarterhays-oilgas.comQuarter 4, 2012.
  2. 2. IntroductionEach month Hays Oil & Gas records the number of on-line jobsadvertising oil and gas vacancies. To do this we reference nineof the world’s largest on-line job advertisers in the industryand collate these to produce a headline figure for the GlobalJob Index in that month. The Index was first established inOctober 2010 when the Index was set at 1.00 against whichall subsequent months are then compared. Further analysis isprovided with a regional break down of the figures.backgroundFinding a new job via an online medium is now the norm forany job seeker looking for work. This trend has of course ledemployers to rely on their web presence, either direct or indirect,to source, attract and drive candidates to apply for their jobs.The oil and gas industry is no stranger to the use of onlinemedia to attract candidates, with globalisation and remote worklocations meaning the vast majority of roles in the industry arenow resourced using online portals. These sites range from acompany’s own online web pages to large recruitment groups,specialist job boards focused on specific geographies, and thosededicated to the oil and gas industry in all its guises across theworld. These global boards have grown considerably in the lastfew years and now contain many thousands of jobs and resumesof users eager to access their next opportunity.This data offer us some unique insights and with this in mind wehave sought to measure this activity producing the Hays Oil &Gas Global Job Index. This Index gives employers an up to datemeasure of activity in the global oil and gas recruitment industryby measuring the numbers of jobs posted on a month tomonth basis. Our aim is to provide stakeholders in the industryinformation on trends, hot spots and regional variations in anever-changing recruitment market.MethodologyOur team of analysts and researchers measure the numbers oflive jobs posted on all the major job boards that are specific tothe oil and gas industry. These are collated into regional figuresand compared against a datum of 1.00 taken from October 2010.At this time the industry had largely recovered from the globalrecession, and the oil price reflecting this recovery slowly edgingupwards over $80 bbl. Capital had flowed back into the industryboosting exploration, project starts and profits. Recruitment hadrecovered steadily since the start of 2010 in line with the increasein revenues although there were no significant skill shortages atthat time. With expectations of a growing recruitment marketthrough 2011, October 2010 appeared to be an ideal point fromwhich to set our benchmark for the Global Job Index.Each month since this date we have measured job postingactivity on the same sites making sure we are consistent in howand what we measure. From time to time the sites themselveswill change the way in which they post and maintain jobs, andthis is closely monitored to ensure that this does not alter theresults of our research over and above the specific measure ofjob posting activity we are seeking.This data is broken down further to give a measure of regionalactivity and the trends within those regions. This further analysisis essential to oil and gas recruiters that scan the world foravailable talent.The ResultsHays Oil & Gas publishes its results on a quarterly basisproducing the Global Job Index along with dedicated figures foreach region; Europe, Africa, Middle East, Russia and CIS, Asia,Australasia, North America and South America.The oil and gas industryis no stranger to the useof online job boards, withglobalisation and remotework locations meaning thevast majority of roles in theindustry are now resourcedusing online portals.”2 | Hays Oil & Gas: Global Job Index Q3 2012“
  3. 3. As in previous years the Global Job Index fell in the final quarterof the calendar year, reflecting a slowdown in activity as the yearcame to a close. The Index started the quarter at close to anall-time peak of 1.59 – a level it had maintained through the busymonths of August and September. However we saw the traditionalseasonal drop bring this level down to 1.23 in December.Whilst this is undoubtedly a larger fall than previous years, incontrast our own recruiters saw continued activity all the way upto the Christmas break. This activity without new job postings isnot necessarily at odds with a typical busy year, where recruitersmay rush to close off their assignments before they head off touse up their leave entitlements. In essence new job postings canwait till the New Year where there will be more time to devoteto them. With Christmas also falling on a Tuesday we saw littleactivity, if any, in the week preceding the year end (the point atwhich we record our figures). This also contributed to the lownumbers we saw for the end of December.Now back after the holidays, it is with a bit more interest and sometrepidation that we track how the Index rebounds in early 2013.The second half of 2012 was undoubtedly a strong period ofrecruitment in the oil and gas industry with activity through mostregions of the world. European fears were waning and we hadstarted to see more economic good news than bad (although itlargely depended on which day you opened the paper).China’s lack of growth (relative) put a hole in the commodityprices and this in turn reduced the work load of many in themining industry, and particularly the engineering and designhouses. A certain amount of redeployment went into oil and gasprojects to use up spare manpower capacity, and this ultimatelyreduced the need to go to the market to hire. This said, explorationand production activity were largely untouched and continued toshow good job numbers.GLOBAL Job Index - FINDINGS“The second half of 2012 wasundoubtedly a strong period ofrecruitment in the oil and gasindustry with activity throughmost regions of the world.”3 | Hays Oil & Gas: Global Job Index Q4 2012GLOBAL Job Index: Global Results
  4. 4. AFRICAAfrica saw a significant drop in the local Index, however, many ofthese businesses are supported and resourced from Europe, alongwith an extensive network of expats ‘in country’. Consequently,holiday periods take their toll on job postings and this Christmas wasno different. Inherently the industry is in good shape with activitynow spreading from the West and North to include the Eastern sideof the continent.EUROPEEurope saw an all-time peak in the Index in October of 2.10 before theseason took its toll. This was a record globally for the Index in any regionand reflects acute skill shortages around the North Sea fields, alongwith extensive use of on line job boards as the main source of recruiting.With the North Sea fields in decline this represents something of acontradiction, however, with brownfield projects and decommissioning itmakes for some labour-intensive projects.The brain drain of UK oil and gas professionals to overseas marketsundoubtedly takes its toll too. This has been happening for many years,although the salary differential to locations such as Australia, Canadaand parts of East Asia is exacerbating the flow at present.NORTH AMERICAIn North America, as with other northern hemisphere regions, the dropoff in activity happened early as the winter months arrived. In previousyears the bounce back has been pretty quick in the New Year and we’dexpect the same in 2013. Both Calgary and Houston are experiencingsignificant skill shortages at present with counter offers and sign onbonuses now the norm.RUSSIA & CISThe other major Northern Hemisphere region is Russia and the CISand again we saw a slowdown in activity for job postings as autumnarrived. The Index in this region, however, now sits at 0.87 – the lowestof any of our regions apart from South America, and the largest drop inactivity since last quarter.4 | Hays Oil & Gas: Global Job Index Q4 2012
  5. 5. AUSTRALASIAAustralia is now experiencing the peak in construction work witha whole raft of mega projects on site. The only saving grace forthe country’s stretched skill base is that the mining industry saw asignificant downturn in the quarter, freeing up much-needed skillsto redeploy into LNG projects. Whilst this was good news for stakeholders on these projects, it reduced new hiring considerably and sawthe Index in Australia drop to 1.05 in December, down from a peak of1.50 in October.SOUTH AMERICAThe Index in South America continued to oscillate between 0.8 and 1.0,and is a patchwork of varying fortunes. Brazil is in a holding patternuntil new auctions in the second quarter of next year give the market alift. Argentina and Venezuela are struggling with falling production anddevelopment in general, where as Colombia is the leading light in theregion with a great deal of opportunity and activity, all be it on a smallerscale than some of their bigger neighbours.MIDDLE EASTThe Middle East continued to thrive in 2012 and unsurprisingly theend of year failed to stall the progress. With the oil price sustainedat high levels, operators are all seeking to develop assets and boostproductivity. This produced an Index of 1.44 in December, off an all-time high for the region of 1.5.5 | Hays Oil & Gas: Global Job Index Q4 2012ASIAAsia saw a slight easing of the Job Index to 1.48, reflecting asustained busy market through most of the last six months. Continuedinvestment in India, China and Malaysian fields, increasing fabricationwork in Korea, and a general drive on non-conventional assets are theprinciple developments behind the buoyant market.© Copyright Hays plc 2013 Limited. HAYS, the Corporate and Sector H devices, Recruiting experts worldwide, the HAYS Recruiting experts worldwide logo and Powering theWorld of Work are trade marks of Hays plc. The Corporate and Sector H devices are original designs protected by registration in many countries. All rights are reserved. Thereproduction or transmission of all or part of this work, whether by photocopying or storing in any medium by electronic means or otherwise, without the written permission ofthe owner, is restricted. The commission of any unauthorised act in relation to the work may result in civil and/or criminal action.