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Asia Oil & Gas sector market trends - 2015

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Oil & Gas in Asia Market Trends Salary & Benefits March 2015
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Page 1: Asia Oil & Gas sector market trends - 2015

Oil & Gas in AsiaMarket Trends

Salary & Benefits

March 2015

Page 2: Asia Oil & Gas sector market trends - 2015

Introduction to WRS

• Global sector focus: Power, Construction, Oil & Gas, Marine & Mining

• Technically skilled permanent / contract staff

• Our key differentiator: “Finding the talent others can’t”

• £31.5m turnover in 2014,

• Placed candidates in 50+ countries worldwide

Page 3: Asia Oil & Gas sector market trends - 2015

Introduction - Sector/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:• Asia Pacific, Middle East, Latin America, North America, Europe, Africa

• Developed an international service / in-depth market knowledge• Market trends analysis – sector/region specific

• Customer buying behaviours

• Market Trends Survey of over 5,300 job seekers

• Salary & Benefits Survey of over 2260 job seekers

Page 4: Asia Oil & Gas sector market trends - 2015

Type of Oil & Gas Company worked in

39.5

24.8

17.815.9

2 Operator

Engineering contractor

Consultancy

Other inc EPC and Drilling

Service company

Page 5: Asia Oil & Gas sector market trends - 2015

Oil & Gas Disciplines worked in

26

14.88.88.48

7.2

5.65.6

5.6 3.6 2.422 Upstream Drilling, Wells & Completions

HSEQInstallation / constructionMechanical & PipingOperations Maintenance & IntegrityGeosciencesReservoir, Petroleum/Production EngineeringProject EngineeringE&I / AutomationSupply Chain / ProcurementSubsea/PipelinesProduction OperationBusiness Development / Commercial

• 62.6% work contract, 37.4% are permanently employed• The average annual Upstream Drilling/Wells & Completions salary is USD 96,357• The average annual HSEQ salary is USD 29,460• The average annual Installation/Construction salary is USD 26,280• Top 5 benefits actually received across all disciplines are Flights to/from point of hire,

Healthcare, Bonus, Accommodation Allowance then Life Insurance• The most popular e benefits amongst respondents are Healthcare, Life

Insurance, Accommodation Allowance, Flights to/from point of hire, Bonus

Page 6: Asia Oil & Gas sector market trends - 2015

Demographic of Age Groups

30.6

26.323.8

16.41.8

1 35-4445-5425-3455-6465-7418-24

Of the 35-44 age group• 65.4% work contract, 34.6% permanently

employed•The average annual salary is USD 45,716•The average day rate paid is USD 560•Top benefits actually received are Flights to/from Point of Hire , Healthcare, Bonus then Accommodation Allowance•The most popular amongst respondents are Flights to/from Point of Hire, Healthcare, Life Insurance, Accommodation Allowance then Relocation Allowance

Of the 45-54 age group• 66.7% work contract, 33.3% permanently employed• The average annual salary is USD 88,757• The average day rate paid is USD 823• Top benefits actually received are Flights to/from

Point of Hire, Accommodation Allowance • Healthcare then Bonus• The most popular amongst respondents are Flights

to/from Point of Hire, Healthcare, Accommodation Allowance then Life Insurance

Page 7: Asia Oil & Gas sector market trends - 2015

Number of years’ experience

24.3

18.718.7

13.5

11.67.5

5.625+6-1011-1521-2516-203-5Up to 3

Of those with over 25 years’ experience• 73.9% work contract, 26.1% are permanently employed• The average annual salary is USD 159,280• The average day rate paid is USD 1,478• Most popular actual benefits received are Flights to/from point of

hire, Healthcare , Accommodation Allowance then Bonus• Respondents favour the following benefits - Flights to/from point of

hire, Healthcare, Accommodation Allowance then Life Insurance

Page 8: Asia Oil & Gas sector market trends - 2015

Number of years’ experience: Average Salaries

• 6-10:• The average annual salary is USD 31,894• The average day rate paid is USD 435

• 11-15:• The average annual salary is USD 377,578• The average day rate paid is USD 519

• 21-25:• The average annual salary is USD 44,650• The average day rate paid is USD 591

• 16-20:• The average annual salary is USD 29,340 • The average day rate paid is USD 663

• 3-5:• The average annual salary is USD 24,756• The average day rate paid is USD 98

• Up to 3:• The average annual salary is USD 48,467• The average day rate paid is USD 35

24.3

18.718.7

13.5

11.67.5 5.6

25+6-1011-1521-2516-203-5Up to 3

Page 9: Asia Oil & Gas sector market trends - 2015

Highest Level of Qualification Achieved

30.8

23.719.7

7.25.7

3.6 3.6 2.91

1

DegreeMasters DegreeCollege Diploma/CertificateHonours DegreeSchool qualificationMBAProfessional/CharteredVocationalApprenticeshipDoctorate

Of those with a Degree/Masters Degree level qualification:• 57% work contract, 43% are permanently employed • The average annual salary is USD 328,894• The average day rate paid is USD 580• Benefits actually received are Flights to/from point of hire, Healthcare, Bonus• then Accommodation Allowance • The most popular benefits amongst respondents are Flights to

/from point of hire, Healthcare, Life Insurance then Accommodation Allowance

Page 10: Asia Oil & Gas sector market trends - 2015

Most popular benefits offered Asia wide

62.6

56.6

48.4 48

28.5 28.5 28.1

19.6

14.2 13.2 12.8 12

5.7

Age Group

Page 11: Asia Oil & Gas sector market trends - 2015

Benefits rated as extremely important78

67.4

56.854.6

39.236.8

31.6127.6 27.6 26.3

Age Group

Other Benefits:• 46.8% of respondents rated Gym Membership as the least important• 42% rated Shares of little or no importance• 36.9% rated IT equipment – Phone/laptop etc as fairly important

Page 12: Asia Oil & Gas sector market trends - 2015

Split of Contract vs Permanent employees

62.6

37.5

ContractPermanent

31.7

30.515

12.6 10.2

7-12 months13 -24 months6 months or less36 months +25 - 36 months

Split of Contract Length

Of those working on contracts up to 7-12 months’ duration:• The average day rate paid is USD 836• Top 4 actual benefits received are, in order of popularity, Flights

to/from point of hire, Healthcare, Accommodation Allowance then Life Insurance

• Most popular benefits are those listed above but Life Insurance is more popular than Accommodation Allowance

Page 13: Asia Oil & Gas sector market trends - 2015

Actual benefits for permanent employees28.1

24.2

20.6 19.9

11.7 11.410

8.9 8.5 8.2 7.56

4.3

Age Group

Of those permanently employed:• Top 5 most popular benefits as rated by respondents - Healthcare,

Flights to/from point of hire, Life Insurance, Accommodation Allowance followed by Bonus

• The least popular were Gym Membership (39.9% rated this fairly or totally unimportant) and Shares (32.8% rated this as fairly or totally unimportant)

Page 14: Asia Oil & Gas sector market trends - 2015

Split of Asian countries worked in

16.6

10.8

9.7

8.3

6.56.54

3.63.2

2.9

2.92.9

2.52.5

2.22.2

2.22.21.81.4

1.4

10.7 0.7 0.4 0.4 0.4 0.4

United Arab EmiratesIraqMalaysiaSaudi ArabiaIndiaIndonesiaQatarOmanChinaKorea, SouthSingaporeThailandIranKazakhstanKuwaitPakistanPhilippinesRussian FederationTurkeyBruneiYemenVietnamEast TimorTurkmenistanBangladeshJapanSyriaUzbekistan

Page 15: Asia Oil & Gas sector market trends - 2015

In which currencies do day rates tend to be paid?

81.7

9.8

5.2 2.60.9

US Dollars (USD)

Euro (EUR)

British Pounds Sterling (GBP)

Malaysian Ringgit (MYR)

Australian Dollars (AUD)

Page 16: Asia Oil & Gas sector market trends - 2015

Most popular currencies in which annual salary is paid

75.3

9.7

8.6 5.4 1

US Dollars (USD)

Euro (EUR)

British Pounds Sterling (GBP)

Malaysian Ringgit (MYR)

Australian Dollars (AUD)

Page 17: Asia Oil & Gas sector market trends - 2015

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?

36.9

34.3

9.1 3

They will stay the same over the next 12 months

An increase in the next 12 months

A reduction in the next 12 months

Not sure


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