Marine SectorMarket Trends

April 2015

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

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

Marine Disciplines Worked in

58.721.5

11.53.43 1.3

0.4

Bridge CrewEngineering CrewDeck CrewSubsea and ROV personnelOnshore Marine personnelDiving personnelHSEQ

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

Types of Vessel Worked on

20.1 15.5

14.311.910.3

9.6

7.55.4

3.32.6 2.1

2.1

1.21.2

0.9

0.90.7

0.2

Multi-purpose Support (MPSV)Anchor Handling Tug Supply (AHTS)Platform Supply (PSV)Dive Support (DSV)TankerCargoAccommodationPipe Lay VesselWind Farm SupportSeismic SurveySupport Staff/Onshore Maritime roleDrill ShipFerryERRV (Emergency Response and Rescue)Jack Up RigCruiseROV (Remotely Operated Vehicle)FPSOFishing

% of Responses

Demographic of Age Groups

41

29.6

19.2

6.92.5

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

Number of years’ experience

26.1

20.616.6

13.1

9.68.3 5.76-10

3-511-15Up to 325+16-2021-25

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

26.1

20.616.6

13.1

9.68.3 5.7 6-10

3-511-15Up to 325+16-2021-25

Number of Years’ Experience

Years’ Experience Day Rate Average (USD)Up to 3 345

11-15 358

16-20 382

% of Responses

Highest Level of Qualification Achieved

35

22.721.7

5.65

42.3 1.7

11

College Diploma/CertificateMasters DegreeDegreeSchool qualificationProfessional/CharteredHonours DegreeVocationalMBANo formal qualificationsApprenticeship

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

Most Popular Benefits Offered Worldwide Across Contract & Permanent Roles

62.5

35.332.4

15.2 14.5 12.9

5.6 4.6 3.5 3.3 2.5 2.5 1

Age Group

% 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

Benefits rated as Extremely Important Worldwide Across Contract & Permanent Employees

78.8

61.157.3

35 34.2

26.524.3

20.1716.3

13.38.83

5.7 5.4

Age Group

% 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

Benefits Offered vs Benefits Preferred

Flight

s (T

o/fro

m p

oint o

f hire

)

Bonus

Health

care

Accom

mod

ation

allo

wance

Life

insur

ance

Contri

buto

ry p

ensio

n

IT e

quipm

ent –

Pho

ne/la

ptop

etc

Compa

ny c

ar/v

ehicl

e

Schoo

ling/

child

care

sub

sidy

Reloca

tion

allow

ance

Gym

mem

bers

hip

Hards

hip a

llowan

ce

Share

s

62.5

35.332.4

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

20.1724.3

5.7

16.3

5.4

Offered Preferred

% of Responses

77.2

14.64.7 2.6

0.9

6 months or less7-12 months13 -24 months36 months +25 - 36 months

Split of Contract vs Permanent Employees

72.8

27.2

ContractPermanent

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

Actual Benefits for Permanent Employees63.4

44.3 44.3

29

15.3

9.2 7.6 7.65.5 5.3 3.8 3.8 3.8

Age Group% 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)

Split of Regions Respondents Work in

31.1

25.7

18.9

15.6

9.5

9.1

8.77.5 7.3

North Sea

West Africa

Middle East

South East Asia

Baltics

Gulf of Mexico

Norwegian / Danish Wa-ters

Caribbean

Mediterranean

% of Responses

Currencies in Which Salaries Are Paid

39.3

24.3

16.50.9

0.30.3

Euro (EUR)US Dollars (USD)British Pounds Sterling (GBP)Nigerian Naira (NGNAustralian Dollars (AUD)Malaysian Ringgit (MYR)

Day Rates

Annual Salaries37.7

32

23.62.8 1.9

1.9US Dollars (USD)British Pounds Sterling (GBP)Euro (EUR)Nigerian Naira (NGN)Malaysian Ringgit (MYR)South African Rand (ZAR)

% of Responses

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?

40.635.2

8.6 4.2An 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

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.”

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.”

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.comwww.worldwide-rs.com