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

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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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Joslin Rowe Re-Launches New Website As Randstad Financial & Professional

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Joslin Rowe has announced it’s new brand name of Randstad Financial & Professional. By moving more formally to a Randstad brand, the company can offer clients and candidates a more complete service.

Four different recruitment companies have come together to form Randstad Financial & Professional. These companies are Joslin Rowe, Martin Ward Anderson, Hughes-Castell and Prolaw. This merger sees a number of experienced recruitment specialists coming together to offer stronger professional services recruitment expertise.

The integration first started in 2005, when Martin Ward Anderson was acquired by Randstad. Then in 2006 the Vedior recruitment group took a majority share in Joslin Rowe, Hughes-Castell and Prolaw. When Randstad subsequently acquired Vedior in 2008, it meant that the four firms were brought together under the Randstad umbrella. The four companies formally integrated in 2009, but were keen to conduct a thorough marketing campaign to educate the market on their intended name change to Randstad Financial & Professional.

Randstad Financial & Professional now operates out of twelve offices in the UK in Birmingham, Bristol, two offices in Edinburgh, Glasgow, Leeds, London, Manchester, Milton Keynes, Southampton, Welwyn Garden City and Windsor.

As a result of the rebrand, the new Randstad Financial & Professional website was launched on 4 July 2011.

Belinda Walmsley, director, Randstad Financial & Professional, said: “The launch of the new Randstad Financial & Professional website ensures that we can bring together our various specialisms in an easily searchable format for job seekers. We’re already seeing an increase in applications which is testimony to the new site’s ease of use.”

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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.

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Joslin Rowe Questions Whether The Lowest Point For HR Recruitment In London Has Passed

Joslin Rowe, the specialist recruitment company, has reported a recent noticeable upturn in HR recruitment following a year long slide in City HR job volumes. While most of 2009 has been characterised by a continuing slump in HR recruitment, job volumes reached their nadir during mid June 2009, with a 77% decrease in HR jobs compared with 2008.

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Daniel Cooper, a senior consultant with Joslin Rowe’s HR recruitment team, commented: “Mid-May to mid-June signalled the lowest point, where the only positions being recruited for were incredibly specialist, such as learning & development roles, expat positions and comp & bens. There were very few generalist positions available. However, the last few weeks has seen a marked increase. There’s been an incredible bounce upwards.”

According to Joslin Rowe data, the HR jobs desk is now handling more roles than at any time since the recession was declared in 2008. And, more importantly, the sheer variety of firms recruiting is a strong indicator the market may no longer be in a downward spiral.

“We’ve seen our first few senior HR jobs being released from the legal sector, whilst a number of investment banks and insurance firms are recruiting again – even those who were hardest hit,” said Cooper. “Another positive is the number of HR generalist jobs. Certainly, the recruitment we’re seeing at the moment is way ahead of previous client predictions which all pointed to the end of 2009 before recruitment would reach current levels.”

Conversations with Joslin Rowe clients indicate that departments are now so lean, even a small increase in business activity will necessitate increased HR headcount, with one HR Director admitting his team is so stretched, he might be back up to 2008 headcount levels by the start of 2010.

“The key is of course, whether this growth can be sustained,” admits Cooper. “I think if we start to see jobs for internal recruiters, we’ll certainly know we’re heading in the right direction. At the moment, entry level HR jobs, graduate recruitment and internal recruitment are yet to recover.”

Another positive is that salaries for roles coming to market have remained very competitive. Despite this, candidates who previously earned £70,000 are now willing to look at roles at the £65,000 mark in order to return to the labour market.

Dan Cooper believes, “Job seekers are realistic enough to realise that whilst in the good times they may have seen their salary soar from £50,000 to £70,000, the market has re-aligned itself and they are happy to do the same.”

About Joslin Rowe:
Established in 1982, Joslin Rowe is one of the leading UK financial services recruitment firms in the UK. Joslin Rowe consultants, candidates and clients work together to achieve the best employment opportunities and long term relationships. Joslin Rowe recruits for accountancy jobs and banking jobs along with other financial services jobs across London, Edinburgh and Glasgow including interim contracts, temporary and permanent positions. Joslin Rowe is a Randstad company – the second largest HR services group globally.

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Women Equal Men In Hunt For Financial Service Jobs Reveals Joslin Rowe

Joslin Rowe has revealed that women working within investment banking and investment management jobs are closer to reaching parity in terms of the percentage of job offers they’re receiving versus men, thanks to the longer and more rigorous interview processes put in place by City firms as a consequence of the recession.

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Lack of budget for head count in 2009 has ensured that when hiring for financial services jobs does take place, candidates are subjected to a more rigorous and lengthy interview process to guarantee the very best candidate is hired. This appears to have weeded out gender prejudices, whether passive or active.

Joslin Rowe, the financial services City recruitment specialist, analysed 1,244 City job offers across accountancy jobs, risk and finance jobs, banking operations jobs, compliance jobs and investment management jobs. Between May 2007 & May 2008 (when the recruitment process was typically 3 weeks) men received 55.1% of all financial services job offers compared to 44.9% for women.

Fast forward to May 2008/May 2009, when interview times jumped to over 6 weeks and more interview stages were introduced, and women now receive 48.4% of all financial services job offers – with men receiving 51.6%. In the year 2000, just 41.1% of financial job offers went to women compared to the 58.9% received by men.

Tara Ricks, managing director of Joslin Rowe, the City of London recruitment consultancy, explained: “Today’s interview process has become one of the most intense we’ve ever witnessed. With so many candidates to choose f r o m, and the need to justify every single hire, interviews are involving many more hiring managers and assessment stages. City firms have always been incredibly selective but now only ‘exact match’ candidates can expect to tick all the boxes on each financial services job spec and receive that job offer.”

“Of course there may be other factors at work behind these increases,” added Ms Ricks. “For example, many City firms have been working hard for years to ensure an improved diversity and equal opportunity culture and you can see that f r o m the progressive figures we’ve witnessed since the start of the Millennium.”

Ms Ricks concluded: “The recession may actually prove good news for women. According to a CIPD report, entitled ‘Women in the Boardroom’, female executives interviewed said the traditional rewards and trappings of a higher career status, such as huge bonuses, money and bigger cars, were geared towards a male perspective of success. What they wanted was more time and greater flexibility, something that may be more, rather than less, likely in the post hyper-bonus world.”

 

According to Joslin Rowe research 50.5% of job interviews are with women and 49.5% are with men. This means that although women are slightly more successful at gaining interviews this marginal advantage does not actually translate into job offers.

About Joslin Rowe:
Established in 1982, Joslin Rowe is one of the leading UK financial services recruitment firms in the UK. Joslin Rowe consultants, candidates and clients work together to achieve the best employment opportunities and long term relationships. Joslin Rowe recruits for accountancy jobs and banking jobs along with other financial services roles across London, Edinburgh and Glasgow including long-term contracts, temporary and permanent positions. Joslin Rowe is a Randstad company – the second largest HR services group globally.

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