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Marine Sector
Market Trends
April 2015
Introduction to WRS
• Global recruitment specialists within the Maritime, Construction, Oil & Gas,
Mining and Power indust...
Sector and Market Knowledge
• Each year we visit key clients and regions
• Establish more in-depth client partnerships
• B...
Marine Disciplines Worked in
58.721.5
11.5
3.4
3 1.3
0.4
Bridge Crew
Engineering Crew
Deck Crew
Subsea and ROV personnel
O...
Types of Vessel Worked on
20.1
15.5
14.3
11.9
10.3
9.6
7.5
5.4
3.3 2.6 2.12.1
1.2
1.2
0.9
0.9
0.7
0.2
Multi-purpose Suppor...
Demographic of Age Groups
41
29.6
19.2
6.9 2.5
0.8 25-34
35-44
45-54
55-64
18-24
65-74
% of Responses
Of the 25-34 age gro...
Number of years’ experience
26.1
20.6
16.6
13.1
9.6
8.3
5.76-10
3-5
11-15
Up to 3
25+
16-20
21-25
3-5 years’ experience (2...
26.1
20.6
16.6
13.1
9.6
8.3
5.7 6-10
3-5
11-15
Up to 3
25+
16-20
21-25
Number of Years’ Experience
Years’ Experience Day R...
Highest Level of Qualification Achieved
35
22.7
21.7
5.6
5
4 2.3 1.7
1
1
College Diploma/Certificate
Masters Degree
Degree...
Most Popular Benefits Offered Worldwide Across
Contract & Permanent Roles
62.5
35.3
32.4
15.2 14.5
12.9
5.6 4.6 3.5 3.3 2....
Benefits rated as Extremely Important Worldwide Across
Contract & Permanent Employees
78.8
61.1
57.3
35 34.2
26.5
24.3
20....
Benefits Offered vs Benefits Preferred
62.5
35.3
32.4
15.2 14.5
12.9
5.6 4.6 3.5 3.3 2.5 2.5 1
78.8
35
61.1
26.5
57.3
26.5...
77.2
14.6
4.7 2.6
0.9
6 months or less
7-12 months
13 -24 months
36 months +
25 - 36 months
Split of Contract vs Permanent...
Actual Benefits for Permanent Employees
63.4
44.3 44.3
29
15.3
9.2 7.6 7.6
5.5 5.3 3.8 3.8 3.8
Flights (To/from point of h...
Split of Regions Respondents Work in
31.1
25.7
18.9
15.6
9.5
9.1
8.7
7.5 7.3
North Sea
West Africa
Middle East
South East ...
Currencies in Which Salaries Are Paid
39.3
24.3
16.5
0.9
0.3
0.3
Euro (EUR)
US Dollars (USD)
British Pounds Sterling (GBP)...
Respondent Feedback on Market
• Respondents were asked: With regard to job opportunities and
salaries offered within the c...
Feedback from Jobseekers
“Salaries and benefits are changing in relation to oil industry movements, however certain stagna...
Feedback from Jobseekers
“Higher salaries make happy employees, competency increases, thus avoiding the idea of leaving th...
Next Steps
If you would like more information on our Marine Sector
survey, or require assistance with recruiting for this ...
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Global Maritime sector market trends - 2015

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Take a look at the latest market trends in the global marine sector from Worldwide Recruitment Solutions, a leader in Marine recruitment.

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Global Maritime sector market trends - 2015

  1. 1. Marine Sector Market Trends April 2015
  2. 2. Introduction to WRS • Global recruitment specialists within the Maritime, Construction, Oil & Gas, Mining and Power industries. • Our head office is based in the UK; in 2014 we opened our 1st overseas office in Kurdistan, early 2015 saw us open up in Singapore and we will be on the ground in Houston, Texas before the end of 2015. • Technically skilled permanent / contract staff • We live and breathe our values of Integrity, Pride, Hard Work and Expertise • £31.5m turnover in 2014 • Placed candidates in 50+ countries worldwide
  3. 3. Sector and Market Knowledge • Each year we visit key clients and regions • Establish more in-depth client partnerships • Build market awareness and consolidate third party relationships • Attend industry conferences, trade fairs and exhibitions • Dedicated teams to cover specific regions and skill sets: • Latin America, North America, Europe, Africa, Asia Pacific, Middle East • Developed an international service / in-depth market knowledge • Market trends analysis – sector specific • Customer buying behaviours • Market Trends Survey of over 5,300 job seekers • Salary & Benefits Survey of over 2260 job seekers
  4. 4. Marine Disciplines Worked in 58.721.5 11.5 3.4 3 1.3 0.4 Bridge Crew Engineering Crew Deck Crew Subsea and ROV personnel Onshore Marine personnel Diving personnel HSEQ Key Facts: • 72.8% work contract, 27.1% are permanently employed • The average day rate for Bridge Crew is USD110 • The average day rate for Engineering Crew is USD • The average day rate for Deck Crew is USD • Benefits actually received across all disciplines are Bonus, Healthcare, IT Equipment then Accommodation Allowance • The most popular benefits amongst respondents are Healthcare, Flights to/from point of hire, Bonus then Life Insurance % of Responses
  5. 5. Types of Vessel Worked on 20.1 15.5 14.3 11.9 10.3 9.6 7.5 5.4 3.3 2.6 2.12.1 1.2 1.2 0.9 0.9 0.7 0.2 Multi-purpose Support (MPSV) Anchor Handling Tug Supply (AHTS) Platform Supply (PSV) Dive Support (DSV) Tanker Cargo Accommodation Pipe Lay Vessel Wind Farm Support Seismic Survey Support Staff/Onshore Maritime role Drill Ship Ferry ERRV (Emergency Response and Rescue) Jack Up Rig Cruise ROV (Remotely Operated Vehicle) FPSO Fishing % of Responses
  6. 6. Demographic of Age Groups 41 29.6 19.2 6.9 2.5 0.8 25-34 35-44 45-54 55-64 18-24 65-74 % of Responses Of the 25-34 age group: • 72.5% work contract, 27.5% are permanently employed • The average annual salary is USD 49,679 • The average day rate paid is USD 487 • Benefits actually received are Flights to/from point of hire, Bonus, Healthcare, Accommodation Allowance then Contributory Pension • The most popular amongst respondents are Flights to/from Point of Hire, Healthcare, Life Insurance, Contributory Pension then Bonus
  7. 7. Number of years’ experience 26.1 20.6 16.6 13.1 9.6 8.3 5.76-10 3-5 11-15 Up to 3 25+ 16-20 21-25 3-5 years’ experience (20.6%) 6-10 years’ experience (26.1%) • 73.2% contract, 26.8% permanently employed • 77.2% contract, 22.8% permanently employed • The average annual salary is USD 22,994 • The average day rate paid is USD 450 • The average annual salary is USD 82,266 • The average day rate paid is USD 539 • Most popular received benefits are Flights to/from point of hire, Healthcare, Bonus, Accommodation Allowance, Contributory Pension • Most popular received benefits are Flights to/from point of hire, Bonus, Healthcare, Accommodation Allowance, Contributory Pension • Respondents favour Flights to/from point of hire, Healthcare, Life Insurance, Bonus, Hardship Allowance • Respondents favour Flights to/from point of hire , Life Insurance, Healthcare, Bonus, Contributory Pension
  8. 8. 26.1 20.6 16.6 13.1 9.6 8.3 5.7 6-10 3-5 11-15 Up to 3 25+ 16-20 21-25 Number of Years’ Experience Years’ Experience Day Rate Average (USD) Up to 3 345 11-15 358 16-20 382 % of Responses
  9. 9. Highest Level of Qualification Achieved 35 22.7 21.7 5.6 5 4 2.3 1.7 1 1 College Diploma/Certificate Masters Degree Degree School qualification Professional/Chartered Honours Degree Vocational MBA No formal qualifications Apprenticeship Of those with a college diploma/certificate or above: • 71.9% work contract, 28.1% are permanently employed • The average annual salary band is USD 51,000 – 102,200 • The average day rate paid is USD 417 • Benefits actually received: Flights to/from point of hire, Bonus, Healthcare, Accommodation Allowance then Life Insurance • The most popular benefits amongst respondents are Flights to/from point of hire, Healthcare, Life Insurance, Contributory Pension then Bonus
  10. 10. Most Popular Benefits Offered Worldwide Across Contract & Permanent Roles 62.5 35.3 32.4 15.2 14.5 12.9 5.6 4.6 3.5 3.3 2.5 2.5 1 Flights (To/from point of hire) Bonus Healthcare Accommodation allowance Life insurance Contributory pension IT equipment – Phone/laptop etc Company car/vehicle Schooling/childcare subsidy Relocation allowance Gym membership Hardship allowance Shares % of Responses Other benefits: • 6.6% of respondents receive no benefits at all • Daily food allowance, expenses to attend training and non-flight related travel to/from workplace are other benefits offered
  11. 11. Benefits rated as Extremely Important Worldwide Across Contract & Permanent Employees 78.8 61.1 57.3 35 34.2 26.5 24.3 20.17 16.3 13.3 8.83 5.7 5.4 Flights (To/from point of hire) Healthcare Life insurance Bonus Contributory pension Accommodation allowance Relocation allowance Schooling/childcare subsidy Hardship allowance IT equipment – Phone/laptop etc Company car/vehicle Gym membership Shares % of Responses Other benefits: • 42% of respondents rated Gym Membership as the least important • 50%% rated Shares of limited or no importance • 43% rated IT equipment of limited or not importance
  12. 12. Benefits Offered vs Benefits Preferred 62.5 35.3 32.4 15.2 14.5 12.9 5.6 4.6 3.5 3.3 2.5 2.5 1 78.8 35 61.1 26.5 57.3 26.5 13.3 8.83 20.17 24.3 5.7 16.3 5.4 Offered Preferred % of Responses
  13. 13. 77.2 14.6 4.7 2.6 0.9 6 months or less 7-12 months 13 -24 months 36 months + 25 - 36 months Split of Contract vs Permanent Employees 72.8 27.2 Contract Permanent Split of Contract Length % of Responses Of those working on contracts of 6 months or less duration: • The average day rate paid is USD 468 • Top 5 actual benefits received are, in order of popularity, Flights to/from point of hire, Bonus, Healthcare, Accommodation Allowance then Life Insurance • Most preferred benefits as rated by respondents are Flights to/from point of hire, life Insurance, Healthcare, Bonus then Contributory Pension
  14. 14. Actual Benefits for Permanent Employees 63.4 44.3 44.3 29 15.3 9.2 7.6 7.6 5.5 5.3 3.8 3.8 3.8 Flights (To/from point of hire) Bonus Healthcare Contributory pension Accommodation allowance IT equipment – Phone/laptop etc Schooling/childcare subsidy Company car/vehicle Life insurance Gym membership Shares Hardship allowance Relocation allowance % of Responses Respondents preferred benefits: • Top 5 most popular benefits as rated by respondents shows a marked similarity in most cases - Flights to/from point of hire, Healthcare, Life Insurance, Contributory Pension, and Bonus. Life Insurance is the only disparity. • The least popular were Gym Membership (46.6% rated this not important at all), Shares and IT Equipment (50% and 48.1% respectively rated these unimportant)
  15. 15. Split of Regions Respondents Work in 31.1 25.7 18.9 15.6 9.5 9.1 8.7 7.5 7.3 North Sea West Africa Middle East South East Asia Baltics Gulf of Mexico Norwegian / Danish Waters % of Responses
  16. 16. Currencies in Which Salaries Are Paid 39.3 24.3 16.5 0.9 0.3 0.3 Euro (EUR) US Dollars (USD) British Pounds Sterling (GBP) Nigerian Naira (NGN Australian Dollars (AUD) Malaysian Ringgit (MYR) Day Rates Annual Salaries 37.7 32 23.6 2.8 1.9 1.9 US Dollars (USD) British Pounds Sterling (GBP) Euro (EUR) Nigerian Naira (NGN) Malaysian Ringgit (MYR) South African Rand (ZAR) % of Responses
  17. 17. Respondent Feedback on Market • Respondents were asked: With regard to job opportunities and salaries offered within the country you currently work what do you predict in 2015? 40.6 35.2 8.6 4.2 An increase in the next 12 months They will stay the same over the next 12 months A reduction in the next 12 months Not sure
  18. 18. Feedback from Jobseekers “Salaries and benefits are changing in relation to oil industry movements, however certain stagnation in rises have been seen over past several years. Currently, as market is improving, salary and benefits are also going up several percent. it's always good seeing an increase.” “Sufficient benefits should be paid because of the risks attached with this profession.” “Salary should be incorporated with the currency exchange rate. Life insurance & medical benefits are very important as we’re working in a hazardous environment most of the time as well as frequently travelling internationally.” “Salary level to be based on experience, knowledge and performance rather than Nationality of employee. Newly promoted officer with zero experience in rank can earn up to 30% more than one with 10 years’ experience.” “Pension and Healthcare benefits are most important.” “A seafarer should be given all the allowance which is essential as for other industries where he is leaving his family and working in very remote locations at times , hence he should be provided a little more salary compare to others who work onshore.”
  19. 19. Feedback from Jobseekers “Higher salaries make happy employees, competency increases, thus avoiding the idea of leaving the company, thus saving the company a great deal of time and effort to look for and train new employees which will then stay for a short time only because other companies offer a much bigger compensation.” “Pay should reflect experience as well as rank.” “As some of the most highly qualified people on board the ship, Marine officers salary should at least be in line with the likes of ROV, and Construction personnel. In order to attain the required qualifications takes at least 3-4 years, before even starting to get a chance of DP time. There are virtually no other positions on board that requires this level of commitment and length of study in order to start.” “The Benefits could be more flexible.” “Salary is important but based on my own present experience the most important thing is to get the chance to move forward in offshore sector = stable and permanent employment. Nowadays every employer is looking for candidates with huge experience and in the meantime there are no opportunities to gain it as no appropriate vacancies. In such situation I have doubts if there is future in marine sector for newcomers.”
  20. 20. Next Steps If you would like more information on our Marine Sector survey, or require assistance with recruiting for this market, then please contact our dedicated team of consultants. Likewise, if you are thinking of making a career change and require support in sourcing your next role in the Maritime industry, please view our latest jobs or get in touch with our team. Phone: +44(0) 161 926 2525 Email: info@worldwide-rs.com www.worldwide-rs.com

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