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Hays releases ‘The Oil and Gas Global Salary Guide 2012’

Hays has revealed UK oil and gas industry professionals are enjoying competitive wages according to ‘The Oil and Gas Global Salary Guide 2012’, which is based on data from over 14,000 respondents.

The Guide, produced by Hays Oil & Gas and leading jobsite Oil and Gas Job Search, shows that full time UK oil professionals enjoy average salaries of £55,850* per annum which is more than twice the national salary average of £26,244**.

The 2012 survey also demonstrates strong growth in salaries for imported labour. Expat labour can command average salaries of £51,890 per annum: up 6.8% on the previous year.

Contractor day rates for those working in the North Sea (including the UK, Scandinavia and the Netherlands) are amongst the most competitive worldwide. Experienced engineers and managers can expect average rates of £540 per day and, for director level contractors, this figure rises to around £900 per day.

Matt Underhill, Managing Director of Hays Oil & Gas commented: “Last year we reported a 30% rise in contractor wages for UK professionals. This was particularly encouraging for UK based oil and gas professionals as the rates are a good indicator of the state of the job market, being more reactive to short-term changes in demand for skills.”

Underhill continued: “The figures from the 2012 guide figures demonstrate that the UK oil and gas industry has maintained this recovery and day rates remain buoyant.”

Duncan Freer, Managing Director of Oil and Gas Job Search added: “Average oil and gas salaries in the UK are around 8% more than the worldwide average.

“Greater activity is scheduled for 2012 and beyond following a difficult period during the recession. Despite some forecasts many oil companies are continuing to invest in the North Sea so it is a time to look forward with confidence.”

The Salary Guide, which features data from over 50 countries, revealed that continuing global confidence is the central finding of the report. Over 30% of respondents expect salaries to go up by more than 10% in the next 12 months.

Employer confidence has also seen a large increase with 26.7% being extremely positive about the current market: up from just 9.7% in 2011. Three quarters of all employers expect staffing levels to increase in the next 12 months.

Matt Underhill, Managing Director of Hays Oil & Gas, commented: “The salaries, day rates and general sentiment in the guide reflect a strong and confident industry. There are now tremendous opportunities for new graduates and candidates with transferable skills to enter a buoyant and rewarding industry.”

Via EPR Network
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Hays Plc Calls For G20 Action On Global Jobs Creation

Hays plc, the global specialist recruiting firm, has called on governments and industries across the world to take joined-up action to tackle the looming threat of increased global unemployment as the world’s working population is set to increase dramatically. With many countries already at record levels of unemployment, co-ordinated action needs to be taken now to avert future labour crises as significantly more people are set to join the global labour force. To this end Hays has developed a Five Point Plan.

Hays, which placed more than 230,000 people in work across 30 countries in 2010, has published a seminal report; Creating Jobs in a Global Economy, compiled in partnership with economic forecaster, Oxford Economics, illustrating the challenges ahead for employers, employees and governments across the world.

The report forecasts the dramatic movements of workforce, power and wealth across the globe over the next 20 years. The world’s working-age population is expected to increase by over a billion people in this timeframe. However, all of this growth will be developing economies. The developed world will see its workforce shrink and age.

Governments and industries must start to plan now how they will deal with this imbalance, both to harness the economic potential that this larger workforce can provide as well as creating the skills that will otherwise become in increasingly short supply in many areas. Developing markets will face a period of rapid industrialisation and infrastructure construction which will require access to skilled and experienced workers currently unavailable in sufficient numbers domestically. Similarly, the developed markets will need to find ways of maintaining their competitive edge in key industries by investing in the future skills required, albeit against a backdrop of a smaller and older pool of workers.

Alistair Cox, CEO, Hays, said: “Our report illustrates the profound and stark challenges our world will face in the future both to create employment opportunities for a billion more people and balance the mismatch we are already seeing between supply and demand of key skills. Only by thinking globally can governments and companies put in place the environment to solve these conflicting challenges and create the basis for full employment and a sound global economy.”

The report demonstrates the need for employment policy to be discussed at the G20 in Mexico and at the WEF next year. Cox added: “Everyone is talking about the growth in the Chinese population. The fact is that China’s working age population is set to plateau and then decline in our generation, just like many countries in the West. No one is yet talking about how industries will employ the extra billion people who will soon be looking for work in India, Africa and South America. That is a huge opportunity if governments and businesses get it right, but a big social problem if we get it wrong.”

‘Creating Jobs in a Global Economy 2011-2030’ follows the publication last year of ‘Action on Skills and Jobs: The Hays Manifesto for Employment’ which outlined the actions needed to create a healthy employment market in the UK.

Via EPR Network
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Hays Reports Millions Being Spent On Coaching Without A Business Purpose

Hays Senior Finance reports that while multi-millions of pounds are spent on coaching across the UK, 15% of organisations admit they have absolutely no measurements in place to assess the impact of their programmes.

A new survey from Hays Senior Finance, working with expert coach/ mentors LeaderShape, shows that coaching is often undertaken without evaluating the return on investment. The survey also shows that 68% of businesses fail to use coaching directly to address corporate objectives and outcomes are often simply referenced at a personal level.

According to the data, the majority of coach-mentoring programmes are for individuals, with 72% deployed to develop individual talents or address personal worries.

Chris McCarthy, director at Hays Senior Finance, said: “In far too many cases companies are leaving it to individuals to set the framework for their own coaching or mentoring – with little or no reference to business needs. They then fail to check the standards of their programmes and show little concern for the outcomes. Support can be extremely effective when a professional starts a new role, but it is essential it is carried out in the right manner by people who understand the specific needs of these individuals.”

The survey showed that if a senior finance professional leaves within three months of starting a new role not only is there a financial cost, but it dampens staff morale. The vast majority of respondents (96%) agreed that these appointments would benefit from confidential support during this period.

One major concern revealed by the Hays Senior Finance/LeaderShape survey is the lack of ongoing professional development for providers. Internal coach-mentors are the preferred choice by those who use coaching, with 73% of companies using in-house support. However, 16% of coaches and 28% of mentors do not receive any training or support themselves, while companies describe 29% of team or group facilitators as untrained.

Chris Gulliver from LeaderShape commented: “This is a very expensive missed opportunity for UK Plc in fast-moving times. Increasing amounts of money are being spent on coaching as a universal panacea but many companies have no comprehensive overview or sense of purpose.

Via EPR Network
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