Skills shortage in oil and gas sector 'pushing wages up'
Published in Press release on Wednesday, 18 September 2013
A survey of more than 2200 Oil and Gas companies has revealed that the average wage in the industry will rise 15% this year from £64,000 to £73,600 due to a severe shortage in qualified staff.
The survey, undertaken by Oilandgaspeople.com, the world’s leading Oil and Gas jobs board, found that 70% of oil and gas companies were worried that wages were rising too fast.
The survey of oil and gas companies found they blamed different reasons for the skills shortage, with 35% suggesting it has been caused by too little investment in apprenticeships due to an assumption that North Sea Oil was in decline. 37% suggested that industry did not expect the success of new technology to pump low-grade oil, so recent growth and investment was unexpected, while 46% suggested the skills shortage in the UK had been caused by growing demand for UK staff to work abroad.
Kevin Forbes, CEO of Oilandgaspeople.com, commented: “Our survey shows that with increased investment in North Sea Oil, demand for qualified staff is set to reach an all time high, which will exacerbate an already serious skills shortage, a problem that is being further exacerbated as UK candidates head abroad to earn even higher wages with a huge demand for qualified expats globally,” said Kevin Forbes, CEO of Oilandgaspeople.com.
“Terms and conditions are increasing at the same time as UK oil and gas companies try to compete for a dwindling number of skilled staff. The companies are right to pinpoint the dual impact of historic lack of training and pressure from well-paid jobs abroad.
“With the record investment in North Sea Oil in the last few months, this pressure on wages and skilled staff does not look likely to end any time soon. But there is a solution. The Government needs to step in and incentivise companies to invest more in people urgently,” Kevin Forbes said.
“So many people want to get into the industry but there is very little out there in the way of guidance in how to go about that. A lot more needs to be done and now is the time for the industry and government to take action,” he said.
“There is a lot of press around North Sea Oil being in decline, but the truth is there is still 30 – 40 years left in the North Sea and that estimate increases all the time as new fields are discovered and come online. Anyone looking to get into the industry now will enjoy a career that will last their lifetime easily,” he said.
Notes to editors:
Oil and Gas People matches up to 4000 companies with the most relevant candidates and in the three years since start up has successfully matched thousands of job seekers with employers.
Founded in Aberdeen in 2009, Oil and Gas People matches potential candidates with vacancies in the international oil and gas sector. Oil and Gas People has over 4000 registered companies that use their services globally.
Oil and Gas People has one of the largest social media presences online with LinkedIn groups with over 800,000 members. Their main group features in the top 20 LinkedIn groups from 1.5 million on the site. Oil and Gas People heavily interacts with social media to promote their available candidates and positions.
Within its first year, Oil and Gas People overtook multi-million pound competitors with large marketing budgets using Social Media and Viral Marketing online as a main route to market.
Oil and Gas People Managing Director, Kevin Forbes is an ex contractor who spent 7 years working in the Oil Industry as an HSE Professional covering large projects globally.
Oil and Gas People was started to help to address the current recruitment problems in the industry and to provide a service matching candidates to available openings. It is free for companies to advertise jobs on Oil and Gas People
For more information on this release please contact . firstname.lastname@example.org 07587 328123.
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