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UK Oil and Gas Salary Survey 2014
What are
you worth?
Welcome to the 2014 edition of the Nigel Wright Energy UK Oil and Gas Survey.
As a company that is at the core of recruitment in the oil and gas sector, it is
essential that we acknowledge market movements and understand the effects
these changes have on employment and the overall business environment.
Due to the effect that these fluctuations will ultimately have on any company’s
recruitment strategy, we see it as essential to provide our clients with the most
up-to-date information available.
Introduction
There continues to be real optimism in the oil and gas industry, with most businesses expecting to
increase permanent and contractor staffing levels in the next 12 months. Consequently, average
salaries and overall benefits packages have continued to rise. We believe, however, that these
inflated labour market conditions are not sustainable.
Many companies within the sector are becoming wise to the fact that these inflated conditions, in
some respects, have been made possible by industry stakeholders, such as recruiters, encouraging
prospective candidates to demand more. Companies are beginning to combat this by being
creative around the benefits packages they offer, in the knowledge that money perhaps isn’t
always the best way to attract talent.
Certainly, the results of our survey highlight that although financial rewards remain important,
there are in fact a range of other benefits that are attractive to candidates in today’s market. We
fully support creative approaches to incentivising prospective candidates and always make a point
of advising clients on what the options are in this area.
The information in this survey has been gathered from over 1000 respondents who completed our
online survey in the first quarter of 2014, as well as data from our own extensive networks. This
provides us with a large data-set allowing us to understand in more depth the average salaries and
the types of benefits people working within the oil and gas industry receive.
Other factors include what benefits people see as an important part of their remuneration package
and the reasons why people move jobs, as well as the methods that they utilise to search for a new
job. We hope that the results presented within the general overview, discipline and level specific
sections will be of interest.
We hope you enjoy reading the report and find the perspectives offered useful.
Should you have further questions, please do not hesitate to contact a member
of our team who would be more than happy to clarify any of the information
presented. For further information and advice please contact a member of our
team using the contact details on page 27.
ANDREW MEARS
ASSOCIATE DIRECTOR − ENERGY
04 05UK Oil and Gas Salary Survey 2014 UK Oil and Gas Salary Survey 2014
Respondent’s Profile
Company And Employee Profile
46% of respondents are employed by companies with over 500 employees. 39% work for
companies with more than 1000 employees.
33% are employed by companies with a turnover greater than £500 million. 45% work for
companies with a turnover in excess of £100 million.
Respondents are involved in all of the major oil and gas sub-sectors covering Reservoirs, Wells,
Facilities, Subsea and Marine and Support Services.
1. Executive summaryContents
1. 	 Executive summary 		 05
2. 	 Non-monetary indicators	 08
2.1	 Weekly hours worked by discipline	 09
2.2	 Job satisfaction by job level						 10
2.3	 Intention to move jobs 	 11
2.4	 Factors influencing a change of roles 				 12
2.5	 Methods used to search for a new role 	 13
3.	 Salary, benefits and bonuses	 14
3.1	 Average percentage of salary increase received by level	 15
3.2 	 Importance of benefits as part of a remuneration package	 16
3.3 	 Overall benefit and bonus entitlement	 17
3.4	 Company performance related bonus, received and expected, by level	 18
3.5 	 Personal performance related bonus, received and expected, by level	 19
4. 	 Skills and views	 20
4.1	 Perception of oil and gas industry skill shortages	 21
4.2	 Perception of the skills and qualities you need to be successful by discipline	 22
5. 	 Analysis of salaries in relation to discipline 			 23
5.1	 C-Level/Managing Director/General Manager		 24
5.2	 Technical (Projects/Engineering) 		 24
5.3	 Operations (Supply Chain, Health & Safety, Quality, Contracts, Planning)		 25
5.4	 Commercial (Sales & Marketing, Business Development)		 26
5.5	 Support (HR, Finance) 	 26
6. 	 Contact details 			 27
Male:
88%
Female:
12%
BASE:
1000+
Average age: 45 (Range: 21-70)
57%
Are educated to
degree level or above
21%
hold a professional
qualification such
as CEng.
06 UK Oil and Gas Salary Survey 2014 UK Oil and Gas Salary Survey 2014 07
Work History And Job Satisfaction
50% of respondents have worked for their current employer less than two years. 31% have been
with the same company for more than five years.
On average, respondents work 44 hours per week.
The majority of respondents were either satisfied (35%) or moderately satisfied (40%) with their
current job. Only 12% described themselves are very satisfied.
Basic Salary, Excluding Benefits And Bonuses
The average salary, excluding benefits and bonuses, received by respondents was £80,000, with
salaries ranging from between £30,000 at non-management level up to £250,000 at C-Level.
The majority of respondents were either satisfied (28%) or moderately satisfied (32%) with their
current remuneration. 17% claimed to be very satisfied.
Salary increase received and expected
As part of their last salary review respondents received, on average, a 4.1% increase.
Overall, respondents were expecting slightly more in their next salary review, with the average
increase expected, rising to 4.2%.
Job Seeking And Job Changing
66% of respondents would approach a recruitment company when searching for a new job.
This was followed by directly approaching employers (57%).
Social networking sites (38%) and job boards (28%) were also popular.
Increased remuneration, new challenges and promotion were the most important factors for
respondents, when looking to change jobs.
Benefits
89% of respondents receive some form of company benefit or bonus as part of their remuneration
package.
Respondents felt that the three most important employer benefits as part of a remuneration
package were a personal bonus (48%), employer contributory pension (45%), and flexible working
(44%).
On average, employers contribute 7.5% to employees’ pensions via employer contributory
pension schemes.
Bonuses
40% of respondents receive both a company and personal bonus.
Company performance related bonus
75% of respondents receive a company performance related bonus as part of their remuneration
package, the average being 11%. This ranges from an average of 6% at non-management level to
23% at C-Level.
Personal performance related bonus
46% of respondents receive a personal performance related bonus as part of their remuneration
package, the average being 13%. This ranges from an average of 5% at non-management level to
30% at C-Level.
UK Oil and Gas Salary Survey 2014 09
2.1 Weekly hours worked by discipline
Technical = (Engineering, Projects)
Operations = (Supply Chain, Planning, Health & Safety, Quality, Contracts)
Commercial (Sales & Marketing, Business Development)
Support = (Finance, Human Resources)
On average, respondents work 44 hours per week. 52% of respondents work between 41-50
hours per week and a further 12% work between 51-60 hours per week.
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
c level/md operations technical
Discipline
Avg.No.Hours
commercial support
UK Oil and Gas Salary Survey 2014
2. Non-monetary 			
indicators
How many hours do you work in a week?
10 11UK Oil and Gas Salary Survey 2014 UK Oil and Gas Salary Survey 2014
%ofrespondents
Timescales for moving jobs
changing
jobs
now
(w
ithin
a
m
onth
or
so)
w
ithin
6
m
onths
in
the
next
18
m
onths
in
the
next
2-3years
in
5years+
not
planning
to
change
jobs
0
5
10
15
20
25
30
35
40
45
2.2 Job satisfaction by job level
The results show a fairly satisfied workforce overall. Although there are variations between the
strength of respondents’ satisfaction, over 80% of respondents at each level rated themselves as
being between satisfied and very satisfied.
2.3 Intention to move jobs
Our survey highlighted that 50% of respondents had been with their current employer for less
than two years and the average length of time respondents had worked for their current employer
overall was 2.4 years. This was unsurprising within an industry well known for its transient
workforce. As expected, the intention to move jobs was also fairly consistent across the different
respondent levels and disciplines. 55% of respondents were in fact planning to change jobs within
the next 18 months.
Respondents were asked to rate their level of job satisfaction on the following five-point scale:
1 = very dissatisfied
2 = moderately dissatisfied
3 = satisfied
4 = moderately satisfied
5 = very satisfied
How would you rate your current job satisfaction?
If you are planning to change jobs in the future, when will this be?
0
20
40
60
Level of satisfaction
very
satisfied
m
oderately
satisfied
satisfied
m
oderately
dissatisfied
very
dissatisfied
management
non-management
c-level/md
director/senior management
%ofrespondents
12 13UK Oil and Gas Salary Survey 2014 UK Oil and Gas Salary Survey 2014
Respondents were asked to select the top three factors that would motivate them to change jobs.
It is perhaps no surprise that the three most popular influencing factors are quite closely linked
– one leading to the other in most cases. These were increased remuneration, new challenges
and promotion. Only at C-Level did the motivation to change jobs change slightly. C-Level
respondents placed new challenges (89%) first, followed by remuneration (80%).
0
10
20
30
40
50
60
70
80
90
Factor
%ofrespondents
change
discipline
change
location
different
environm
ent/culture
flexible
w
orking
achieve
an
im
proved
w
ork-life
balance
gain
new
skills
prom
otion
new
challenges
increased
rem
uneration
Respondents were asked to select all methods that they would utilise when looking for a new role.
Traditional methods of finding a job such as approaching recruiters or approaching employers
directly still remain important to candidates working within the oil and gas industry. Social
networking is also an increasingly important method for job seekers. Using Social Networking sites
to identify job opportunities now surpasses the use of traditional media such as newspapers and
magazines.
0
10
20
30
40
50
60
70
80
90
Factor
%ofrespondents
regionalor
localnew
spapers
netw
orking
trade
m
agazines
online
job
boards
internalbulletin
boards/em
ployer
intranets
socialnetw
orking
sites
direct
approaches
to
em
ployers
recruitm
ent
consultancies
2.4 Factors influencing a change of roles 2.5 Methods used to search for a new role
What top three factors would motivate you to change your job? What methods would you utilise to search for a new job?
15UK Oil and Gas Salary Survey 2014
3.1 Average percentage of salary increase
received level
Salary increases were typically larger at the most senior and most junior ends of the spectrum.
Expectations for salary increases next year were fairly similar, with the average only rising to 4.2%.
The average salary, excluding benefits and bonuses, received by respondents was £80,000, with
salaries ranging from between £30,000 at non-management level up to £250,000 at C-Level. The
majority of respondents were either satisfied (28%) or moderately satisfied (32%) with their current
remuneration. 17% claimed to be very satisfied while only 1% indicated they are very dissatisfied.
What percentage increase did you receive at your last review?
3. Salary, benefits 		
and bonuses 0
1
2
3
4
5
Factor
Average%salaryincrease
m
anagem
ent
non-m
anagem
ent
director/senior
m
anagem
ent
c-level/m
anaging
director
overall
4.1%
4.8%
3.1%
2.8%
4.6%
UK Oil and Gas Salary Survey 2014
16 17UK Oil and Gas Salary Survey 2014 UK Oil and Gas Salary Survey 2014
3.3 Overall benefit and bonus entitlement
Overall 89% of respondents receive some form of benefit or bonus. The most common being a
pension (92%), followed by healthcare (84%) and a company bonus (75%). On average, employers
contribute 7.5% to employees’ pensions via employer contributory pension schemes. 40% of
respondents receive both a company and personal bonus.
0
20
40
60
80
100
Benefit
%ofrespondents
personalbonus
car
allow
ance
com
pany
bonus
healthcare
pension
3.2 Importance of benefits as part of a
remuneration package non permanent employment
Respondents were asked to select their top three preferences towards benefits and bonuses. It
is perhaps no surprise that employees, on average, value a personal bonus as the most important
benefit. This was consistent across the different levels and disciplines.
0
10
20
30
40
50
60
Benefit
%ofrespondents
share
options
health
insurance
com
pany
car
and
petrol
holiday
entitlem
ent
bonus
-com
pany
perform
ance
childcare
allow
ances
com
pany
car
w
ithout
petrol
career
breaks/sabbaticals
car
allow
ance
non-contributory
pension
flexible
w
orking
em
ployer
contributory
pension
bonus
-personal
In your opinion, what are the top three most important benefits? Do you get any company bonuses or benefits?
18 19UK Oil and Gas Salary Survey 2014 UK Oil and Gas Salary Survey 2014
3.5 Personal performance related bonus, 		
received and expected, by level
46% of respondents receive a personal performance related bonus as part of their remuneration
package, the average being 13%. This ranges from an average of 5% at non-management level to
30% at C-Level.
0
10
20
30
%ofbonus
Job Title
overallc-level/m
anaging
directordirector/senior
m
anagem
ent
m
anagem
ent
non-m
anagem
ent
received
expected
3.4 Company performance related bonus, 	
received and expected, by level
75% of respondents receive a company performance related bonus as part of their remuneration
package, the average being 11%. This ranges from an average of 6% at non-management level to
23% at C-Level.
0
10
20
30
Job Title
overallc-level/m
anaging
directordirector/senior
m
anagem
ent
m
anagem
ent
non-m
anagem
ent
received
expected
%ofbonus
What was/is the value of your last/next company performance related bonus? What was/is the value of your last/next personal performance related bonus?
21UK Oil and Gas Salary Survey 2014
4.1 Perception of shortage of skills and attributes
within the oil and gas industry.
Respondents highlighted that industry knowledge and experience (61%), having the right attitude
and personality (49%), communication skills (42%) and commercial acumen (44%) were the
four key attributes that people often lack in the industry. C-Level executives (72%) in particular
considered the lack of industry knowledge and experience to be particularly concerning. Those
in non-management (49%) roles however placed a greater emphasis on the need for better
communication skills.
Respondents were asked to select as many of the skills and attributes listed below, that they
perceived to be lacking in the oil and gas industry.
0
10
20
30
40
50
70
60
Skills/attributes
%ofrespondents
literacy
and
num
eracy
skills
professionalm
anner
none
com
m
ercialacum
en
professional/industry
qualifications
com
m
unication
skills
right
attitude/personality
industry
know
ledge
and
experience
4. Skills and views
What skills or attributes do you perceive to be lacking in your industry?
UK Oil and Gas Salary Survey 2014
22 UK Oil and Gas Salary Survey 2014
5. Analysis of salaries 	
in relation to discipline
4.2 Perception of the skills and qualities you need
to be successful by discipline
Overall, the ability to be flexible and adaptable (71%) was perceived to be the most important
quality to have in the oil and gas sector. Those at C-level, however, believed being action oriented
(82%) and having the confidence and foresight to act independently (64%) were more essential
at the top. Interestingly, those working in operations roles believed communication (78%) and
professional knowledge (68%) to be paramount. Commercial and support functions tend to value
networking (63%) and self confidence (77%) more.
C LEVEL/MD TECHNICAL OPERATIONS COMMERCIAL SUPPORT OVERALL
Flexible/adaptable 46% 81% 46% 82% 79% 71%
Action oriented 82% 29% 37% 49% 54% 46%
Self sufficient/
independent
64% 54% 56% 31% 44% 49%
Confident/self
assured
55% 63% 43% 54% 77% 65%
Excellent
communicator
55% 63% 78% 66% 73% 62%
Self starter 46% 31% 34% 39% 40% 37%
Cope well under
financial insecurity
36% 8% 8% 4% 0% 7%
Great networker 27% 23% 2% 63% 24% 27%
Professional
knowledge
64% 79% 68% 50% 73% 69%
Technical = (Engineering, Projects)
Operations = (Supply Chain, Planning, Health & Safety, Quality, Contracts)
Commercial (Sales & Marketing, Business Development)
Support = (Finance, Human Resources)
What traits are needed to be successful in your career?
UK Oil and Gas Salary Survey 2014
24 25UK Oil and Gas Salary Survey 2014 UK Oil and Gas Salary Survey 2014
Job Title Range Average Basic Salary
C-Level £120,000 – £250,000 £180,000
Managing Director/General Manager £80,000 – £140,000 £120,000
5.1	 C-Level/MD/General Manager
5.2 Technical
Job Title Range Average Basic Salary
Projects (Non Management) £30,000 – £80,000 £50,000
Projects (Management) £30,000 – £90,000 £80,000
Projects (Director/Senior Management) £80,000 – £120,000 £100,000
Engineering (Non Management) £30,000 – £80,000 £55,000
Engineering (Management) £50,000 – £80,000 £75,000
Engineering (Director/Senior Management) £80,000 – £120,000 £100,000
Salary ranges are broad and reflect the wide range of companies within the oil and gas sector. These results
should therefore only be used as a guide. For further information on your recruitment needs or on a particular
role within this discipline, please contact one of our consultants on 0191 222 0770.
Salary ranges are broad and reflect the wide range of companies within the oil and gas sector. These results
should therefore only be used as a guide. For further information on your recruitment needs or on a particular
role within this discipline, please contact one of our consultants on 0191 222 0770.
5.3 Operations
Salary ranges are broad and reflect the wide range of companies within the oil and gas sector. These results
should therefore only be used as a guide. For further information on your recruitment needs or on a particular
role within this discipline, please contact one of our consultants on 0191 222 0770.
Job Title Range Average Basic Salary
Supply Chain (Non Management) £30,000 – £50,000 £45,000
Supply Chain (Management) £50,000 – £80,000 £70,000
Supply Chain (Director/Senior Management) £70,000 – £100,000 £90,000
Health & Safety (Non Management) £30,000 – £45,000 £40,000
Health & Safety (Management) £50,000 – £80,000 £60,000
Health & Safety (Director/Senior Management) £100,000 – £120,000 £110,000
Quality (Non Management) £30,000 – £50,000 £40,000
Quality (Management) £40,000 – £60,000 £55,000
Quality (Director/Senior Management) £80,000 – £120,000 £100,000
Contracts (Non Management) £40,000 – £60,000 £55,000
Contracts (Management) £60,000 – £90,000 £80,000
Contracts (Director/Senior Management) £90,000 – £150,000 £120,000
Planning (Non Management) £30,000 – £50,000 £45,000
Planning (Management) £55,000 – £70,000 £65,000
Planning (Director/Senior Management) £100,000 – £120,000 £110,000
(Projects/Engineering)
(Supply Chain, Health & Safety, Quality, Contracts, Planning)
26 UK Oil and Gas Salary Survey 2014 27UK Oil and Gas Salary Survey 2014
5.4 Commercial
Job Title Range Average Basic Salary
Sales & Marketing (Non Management) £30,000 – £50,000 £45,000
Sales & Marketing (Management) £60,000 – £80,000 £75,000
Sales & Marketing (Director/Senior Management) £75,000 – £120,000 £100,000
Business Development (Non Management) £35,000 – £55,000 £50,000
Business Development (Management) £50,000 – £80,000 £70,000
Business Development (Director) £80,000 – £120,000 £100,000
Salary ranges are broad and reflect the wide range of companies within the oil and gas sector. These results
should therefore only be used as a guide. For further information on your recruitment needs or on a particular
role within this discipline, please contact one of our consultants on 0191 222 0770.
(Sales & Marketing, Business Development)
5.5 Support
Job Title Range Average Basic Salary
HR (Management) £40,000 – £90,000 £70,000
HR (Director) £80,000 – £125,000 £95,000
Finance (Management) £50,000 – £100,000 £80,000
Finance (Director) £90,000 – £150,000 £120,000
Salary ranges are broad and reflect the wide range of companies within the oil and gas sector. These results
should therefore only be used as a guide. For further information on your recruitment needs or on a particular
role within this discipline, please contact one of our consultants on 0191 222 0770.
(HR, Finance)
For more information on the UK Oil and Gas Salary Survey 2014,
please contact the Nigel Wright Energy team on the details below:
T: +44 (0)191 222 0770
E: info@nigelwright.com
W: www.nigelwright.com
6. Contact details
Newcastle office
Lloyds Court
78 Grey Street
Newcastle upon Tyne
NE1 6AF
Aberdeen office
Riverside House
Riverside Drive
Aberdeen
AB11 7LH
London office
Palladia Central Court
25 Southampton
Buildings
London
WC2A 1AL
About Nigel Wright Energy
Nigel Wright is a trusted recruitment partner to the global oil and gas sector. Our
clients are diverse and range from local niche suppliers to multi-national, global leaders.
Founded in 1988 in Newcastle upon Tyne, we now have established offices in London,
Aberdeen, Paris, Dusseldorf, Madrid, Copenhagen, Stockholm and Oslo.
Despite recent developments in renewable
energies, the oil and gas industry remains one
of the key engines for growth for the global
economy. The industry is worth £2.98 trillion
and a constant stream of investment is further
increasing this figure each year. In addition
to industry growth, high retirement rates,
changes in tax regimes and an ever increasing
global demand for energy are putting a great
amount of pressure on candidate demand. With
the demand for skilled employees currently
exceeding the supply, industry employers are
looking for ways to attract and retain talent.
Our experienced consultants work closely with
companies to recruit some of the most sought-
after professionals in the sector.
With a core focus in Oil and Gas on a global scale,
we work across the whole oil and gas project
life cycle, from exploration and production to
decommissioning and abandonment. Our clients
are involved in all of the major oil and gas sub-
sectors covering Reservoirs, Wells, Facilities,
Subsea and Marine and Support Services.
They are spread throughout the supply chain
and range from publicly listed global operators
to private, equity backed SMEs and start-ups.
We specialise primarily in the appointment of
professionally qualified to executive board level
talent in the areas of commercial, technical
and corporate functions and offer a range of
recruitment solutions including Executive Search,
Preferred Supplier Solutions (PSS), Contract,
Campaign Management and Talent Mapping.
Nigel Wright Energy is part of the Nigel Wright
Group, a leading specialist consultancy operating
in the dynamic global recruitment market.
www.nigelwright.com
A specialist consultancy operating within
the dynamic global oil and gas market.

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UK Oil and Gas Salary Survey 2014

  • 1. UK Oil and Gas Salary Survey 2014 What are you worth?
  • 2. Welcome to the 2014 edition of the Nigel Wright Energy UK Oil and Gas Survey. As a company that is at the core of recruitment in the oil and gas sector, it is essential that we acknowledge market movements and understand the effects these changes have on employment and the overall business environment. Due to the effect that these fluctuations will ultimately have on any company’s recruitment strategy, we see it as essential to provide our clients with the most up-to-date information available. Introduction There continues to be real optimism in the oil and gas industry, with most businesses expecting to increase permanent and contractor staffing levels in the next 12 months. Consequently, average salaries and overall benefits packages have continued to rise. We believe, however, that these inflated labour market conditions are not sustainable. Many companies within the sector are becoming wise to the fact that these inflated conditions, in some respects, have been made possible by industry stakeholders, such as recruiters, encouraging prospective candidates to demand more. Companies are beginning to combat this by being creative around the benefits packages they offer, in the knowledge that money perhaps isn’t always the best way to attract talent. Certainly, the results of our survey highlight that although financial rewards remain important, there are in fact a range of other benefits that are attractive to candidates in today’s market. We fully support creative approaches to incentivising prospective candidates and always make a point of advising clients on what the options are in this area. The information in this survey has been gathered from over 1000 respondents who completed our online survey in the first quarter of 2014, as well as data from our own extensive networks. This provides us with a large data-set allowing us to understand in more depth the average salaries and the types of benefits people working within the oil and gas industry receive. Other factors include what benefits people see as an important part of their remuneration package and the reasons why people move jobs, as well as the methods that they utilise to search for a new job. We hope that the results presented within the general overview, discipline and level specific sections will be of interest. We hope you enjoy reading the report and find the perspectives offered useful. Should you have further questions, please do not hesitate to contact a member of our team who would be more than happy to clarify any of the information presented. For further information and advice please contact a member of our team using the contact details on page 27. ANDREW MEARS ASSOCIATE DIRECTOR − ENERGY
  • 3. 04 05UK Oil and Gas Salary Survey 2014 UK Oil and Gas Salary Survey 2014 Respondent’s Profile Company And Employee Profile 46% of respondents are employed by companies with over 500 employees. 39% work for companies with more than 1000 employees. 33% are employed by companies with a turnover greater than £500 million. 45% work for companies with a turnover in excess of £100 million. Respondents are involved in all of the major oil and gas sub-sectors covering Reservoirs, Wells, Facilities, Subsea and Marine and Support Services. 1. Executive summaryContents 1. Executive summary 05 2. Non-monetary indicators 08 2.1 Weekly hours worked by discipline 09 2.2 Job satisfaction by job level 10 2.3 Intention to move jobs 11 2.4 Factors influencing a change of roles 12 2.5 Methods used to search for a new role 13 3. Salary, benefits and bonuses 14 3.1 Average percentage of salary increase received by level 15 3.2 Importance of benefits as part of a remuneration package 16 3.3 Overall benefit and bonus entitlement 17 3.4 Company performance related bonus, received and expected, by level 18 3.5 Personal performance related bonus, received and expected, by level 19 4. Skills and views 20 4.1 Perception of oil and gas industry skill shortages 21 4.2 Perception of the skills and qualities you need to be successful by discipline 22 5. Analysis of salaries in relation to discipline 23 5.1 C-Level/Managing Director/General Manager 24 5.2 Technical (Projects/Engineering) 24 5.3 Operations (Supply Chain, Health & Safety, Quality, Contracts, Planning) 25 5.4 Commercial (Sales & Marketing, Business Development) 26 5.5 Support (HR, Finance) 26 6. Contact details 27 Male: 88% Female: 12% BASE: 1000+ Average age: 45 (Range: 21-70) 57% Are educated to degree level or above 21% hold a professional qualification such as CEng.
  • 4. 06 UK Oil and Gas Salary Survey 2014 UK Oil and Gas Salary Survey 2014 07 Work History And Job Satisfaction 50% of respondents have worked for their current employer less than two years. 31% have been with the same company for more than five years. On average, respondents work 44 hours per week. The majority of respondents were either satisfied (35%) or moderately satisfied (40%) with their current job. Only 12% described themselves are very satisfied. Basic Salary, Excluding Benefits And Bonuses The average salary, excluding benefits and bonuses, received by respondents was £80,000, with salaries ranging from between £30,000 at non-management level up to £250,000 at C-Level. The majority of respondents were either satisfied (28%) or moderately satisfied (32%) with their current remuneration. 17% claimed to be very satisfied. Salary increase received and expected As part of their last salary review respondents received, on average, a 4.1% increase. Overall, respondents were expecting slightly more in their next salary review, with the average increase expected, rising to 4.2%. Job Seeking And Job Changing 66% of respondents would approach a recruitment company when searching for a new job. This was followed by directly approaching employers (57%). Social networking sites (38%) and job boards (28%) were also popular. Increased remuneration, new challenges and promotion were the most important factors for respondents, when looking to change jobs. Benefits 89% of respondents receive some form of company benefit or bonus as part of their remuneration package. Respondents felt that the three most important employer benefits as part of a remuneration package were a personal bonus (48%), employer contributory pension (45%), and flexible working (44%). On average, employers contribute 7.5% to employees’ pensions via employer contributory pension schemes. Bonuses 40% of respondents receive both a company and personal bonus. Company performance related bonus 75% of respondents receive a company performance related bonus as part of their remuneration package, the average being 11%. This ranges from an average of 6% at non-management level to 23% at C-Level. Personal performance related bonus 46% of respondents receive a personal performance related bonus as part of their remuneration package, the average being 13%. This ranges from an average of 5% at non-management level to 30% at C-Level.
  • 5. UK Oil and Gas Salary Survey 2014 09 2.1 Weekly hours worked by discipline Technical = (Engineering, Projects) Operations = (Supply Chain, Planning, Health & Safety, Quality, Contracts) Commercial (Sales & Marketing, Business Development) Support = (Finance, Human Resources) On average, respondents work 44 hours per week. 52% of respondents work between 41-50 hours per week and a further 12% work between 51-60 hours per week. 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 c level/md operations technical Discipline Avg.No.Hours commercial support UK Oil and Gas Salary Survey 2014 2. Non-monetary indicators How many hours do you work in a week?
  • 6. 10 11UK Oil and Gas Salary Survey 2014 UK Oil and Gas Salary Survey 2014 %ofrespondents Timescales for moving jobs changing jobs now (w ithin a m onth or so) w ithin 6 m onths in the next 18 m onths in the next 2-3years in 5years+ not planning to change jobs 0 5 10 15 20 25 30 35 40 45 2.2 Job satisfaction by job level The results show a fairly satisfied workforce overall. Although there are variations between the strength of respondents’ satisfaction, over 80% of respondents at each level rated themselves as being between satisfied and very satisfied. 2.3 Intention to move jobs Our survey highlighted that 50% of respondents had been with their current employer for less than two years and the average length of time respondents had worked for their current employer overall was 2.4 years. This was unsurprising within an industry well known for its transient workforce. As expected, the intention to move jobs was also fairly consistent across the different respondent levels and disciplines. 55% of respondents were in fact planning to change jobs within the next 18 months. Respondents were asked to rate their level of job satisfaction on the following five-point scale: 1 = very dissatisfied 2 = moderately dissatisfied 3 = satisfied 4 = moderately satisfied 5 = very satisfied How would you rate your current job satisfaction? If you are planning to change jobs in the future, when will this be? 0 20 40 60 Level of satisfaction very satisfied m oderately satisfied satisfied m oderately dissatisfied very dissatisfied management non-management c-level/md director/senior management %ofrespondents
  • 7. 12 13UK Oil and Gas Salary Survey 2014 UK Oil and Gas Salary Survey 2014 Respondents were asked to select the top three factors that would motivate them to change jobs. It is perhaps no surprise that the three most popular influencing factors are quite closely linked – one leading to the other in most cases. These were increased remuneration, new challenges and promotion. Only at C-Level did the motivation to change jobs change slightly. C-Level respondents placed new challenges (89%) first, followed by remuneration (80%). 0 10 20 30 40 50 60 70 80 90 Factor %ofrespondents change discipline change location different environm ent/culture flexible w orking achieve an im proved w ork-life balance gain new skills prom otion new challenges increased rem uneration Respondents were asked to select all methods that they would utilise when looking for a new role. Traditional methods of finding a job such as approaching recruiters or approaching employers directly still remain important to candidates working within the oil and gas industry. Social networking is also an increasingly important method for job seekers. Using Social Networking sites to identify job opportunities now surpasses the use of traditional media such as newspapers and magazines. 0 10 20 30 40 50 60 70 80 90 Factor %ofrespondents regionalor localnew spapers netw orking trade m agazines online job boards internalbulletin boards/em ployer intranets socialnetw orking sites direct approaches to em ployers recruitm ent consultancies 2.4 Factors influencing a change of roles 2.5 Methods used to search for a new role What top three factors would motivate you to change your job? What methods would you utilise to search for a new job?
  • 8. 15UK Oil and Gas Salary Survey 2014 3.1 Average percentage of salary increase received level Salary increases were typically larger at the most senior and most junior ends of the spectrum. Expectations for salary increases next year were fairly similar, with the average only rising to 4.2%. The average salary, excluding benefits and bonuses, received by respondents was £80,000, with salaries ranging from between £30,000 at non-management level up to £250,000 at C-Level. The majority of respondents were either satisfied (28%) or moderately satisfied (32%) with their current remuneration. 17% claimed to be very satisfied while only 1% indicated they are very dissatisfied. What percentage increase did you receive at your last review? 3. Salary, benefits and bonuses 0 1 2 3 4 5 Factor Average%salaryincrease m anagem ent non-m anagem ent director/senior m anagem ent c-level/m anaging director overall 4.1% 4.8% 3.1% 2.8% 4.6% UK Oil and Gas Salary Survey 2014
  • 9. 16 17UK Oil and Gas Salary Survey 2014 UK Oil and Gas Salary Survey 2014 3.3 Overall benefit and bonus entitlement Overall 89% of respondents receive some form of benefit or bonus. The most common being a pension (92%), followed by healthcare (84%) and a company bonus (75%). On average, employers contribute 7.5% to employees’ pensions via employer contributory pension schemes. 40% of respondents receive both a company and personal bonus. 0 20 40 60 80 100 Benefit %ofrespondents personalbonus car allow ance com pany bonus healthcare pension 3.2 Importance of benefits as part of a remuneration package non permanent employment Respondents were asked to select their top three preferences towards benefits and bonuses. It is perhaps no surprise that employees, on average, value a personal bonus as the most important benefit. This was consistent across the different levels and disciplines. 0 10 20 30 40 50 60 Benefit %ofrespondents share options health insurance com pany car and petrol holiday entitlem ent bonus -com pany perform ance childcare allow ances com pany car w ithout petrol career breaks/sabbaticals car allow ance non-contributory pension flexible w orking em ployer contributory pension bonus -personal In your opinion, what are the top three most important benefits? Do you get any company bonuses or benefits?
  • 10. 18 19UK Oil and Gas Salary Survey 2014 UK Oil and Gas Salary Survey 2014 3.5 Personal performance related bonus, received and expected, by level 46% of respondents receive a personal performance related bonus as part of their remuneration package, the average being 13%. This ranges from an average of 5% at non-management level to 30% at C-Level. 0 10 20 30 %ofbonus Job Title overallc-level/m anaging directordirector/senior m anagem ent m anagem ent non-m anagem ent received expected 3.4 Company performance related bonus, received and expected, by level 75% of respondents receive a company performance related bonus as part of their remuneration package, the average being 11%. This ranges from an average of 6% at non-management level to 23% at C-Level. 0 10 20 30 Job Title overallc-level/m anaging directordirector/senior m anagem ent m anagem ent non-m anagem ent received expected %ofbonus What was/is the value of your last/next company performance related bonus? What was/is the value of your last/next personal performance related bonus?
  • 11. 21UK Oil and Gas Salary Survey 2014 4.1 Perception of shortage of skills and attributes within the oil and gas industry. Respondents highlighted that industry knowledge and experience (61%), having the right attitude and personality (49%), communication skills (42%) and commercial acumen (44%) were the four key attributes that people often lack in the industry. C-Level executives (72%) in particular considered the lack of industry knowledge and experience to be particularly concerning. Those in non-management (49%) roles however placed a greater emphasis on the need for better communication skills. Respondents were asked to select as many of the skills and attributes listed below, that they perceived to be lacking in the oil and gas industry. 0 10 20 30 40 50 70 60 Skills/attributes %ofrespondents literacy and num eracy skills professionalm anner none com m ercialacum en professional/industry qualifications com m unication skills right attitude/personality industry know ledge and experience 4. Skills and views What skills or attributes do you perceive to be lacking in your industry? UK Oil and Gas Salary Survey 2014
  • 12. 22 UK Oil and Gas Salary Survey 2014 5. Analysis of salaries in relation to discipline 4.2 Perception of the skills and qualities you need to be successful by discipline Overall, the ability to be flexible and adaptable (71%) was perceived to be the most important quality to have in the oil and gas sector. Those at C-level, however, believed being action oriented (82%) and having the confidence and foresight to act independently (64%) were more essential at the top. Interestingly, those working in operations roles believed communication (78%) and professional knowledge (68%) to be paramount. Commercial and support functions tend to value networking (63%) and self confidence (77%) more. C LEVEL/MD TECHNICAL OPERATIONS COMMERCIAL SUPPORT OVERALL Flexible/adaptable 46% 81% 46% 82% 79% 71% Action oriented 82% 29% 37% 49% 54% 46% Self sufficient/ independent 64% 54% 56% 31% 44% 49% Confident/self assured 55% 63% 43% 54% 77% 65% Excellent communicator 55% 63% 78% 66% 73% 62% Self starter 46% 31% 34% 39% 40% 37% Cope well under financial insecurity 36% 8% 8% 4% 0% 7% Great networker 27% 23% 2% 63% 24% 27% Professional knowledge 64% 79% 68% 50% 73% 69% Technical = (Engineering, Projects) Operations = (Supply Chain, Planning, Health & Safety, Quality, Contracts) Commercial (Sales & Marketing, Business Development) Support = (Finance, Human Resources) What traits are needed to be successful in your career? UK Oil and Gas Salary Survey 2014
  • 13. 24 25UK Oil and Gas Salary Survey 2014 UK Oil and Gas Salary Survey 2014 Job Title Range Average Basic Salary C-Level £120,000 – £250,000 £180,000 Managing Director/General Manager £80,000 – £140,000 £120,000 5.1 C-Level/MD/General Manager 5.2 Technical Job Title Range Average Basic Salary Projects (Non Management) £30,000 – £80,000 £50,000 Projects (Management) £30,000 – £90,000 £80,000 Projects (Director/Senior Management) £80,000 – £120,000 £100,000 Engineering (Non Management) £30,000 – £80,000 £55,000 Engineering (Management) £50,000 – £80,000 £75,000 Engineering (Director/Senior Management) £80,000 – £120,000 £100,000 Salary ranges are broad and reflect the wide range of companies within the oil and gas sector. These results should therefore only be used as a guide. For further information on your recruitment needs or on a particular role within this discipline, please contact one of our consultants on 0191 222 0770. Salary ranges are broad and reflect the wide range of companies within the oil and gas sector. These results should therefore only be used as a guide. For further information on your recruitment needs or on a particular role within this discipline, please contact one of our consultants on 0191 222 0770. 5.3 Operations Salary ranges are broad and reflect the wide range of companies within the oil and gas sector. These results should therefore only be used as a guide. For further information on your recruitment needs or on a particular role within this discipline, please contact one of our consultants on 0191 222 0770. Job Title Range Average Basic Salary Supply Chain (Non Management) £30,000 – £50,000 £45,000 Supply Chain (Management) £50,000 – £80,000 £70,000 Supply Chain (Director/Senior Management) £70,000 – £100,000 £90,000 Health & Safety (Non Management) £30,000 – £45,000 £40,000 Health & Safety (Management) £50,000 – £80,000 £60,000 Health & Safety (Director/Senior Management) £100,000 – £120,000 £110,000 Quality (Non Management) £30,000 – £50,000 £40,000 Quality (Management) £40,000 – £60,000 £55,000 Quality (Director/Senior Management) £80,000 – £120,000 £100,000 Contracts (Non Management) £40,000 – £60,000 £55,000 Contracts (Management) £60,000 – £90,000 £80,000 Contracts (Director/Senior Management) £90,000 – £150,000 £120,000 Planning (Non Management) £30,000 – £50,000 £45,000 Planning (Management) £55,000 – £70,000 £65,000 Planning (Director/Senior Management) £100,000 – £120,000 £110,000 (Projects/Engineering) (Supply Chain, Health & Safety, Quality, Contracts, Planning)
  • 14. 26 UK Oil and Gas Salary Survey 2014 27UK Oil and Gas Salary Survey 2014 5.4 Commercial Job Title Range Average Basic Salary Sales & Marketing (Non Management) £30,000 – £50,000 £45,000 Sales & Marketing (Management) £60,000 – £80,000 £75,000 Sales & Marketing (Director/Senior Management) £75,000 – £120,000 £100,000 Business Development (Non Management) £35,000 – £55,000 £50,000 Business Development (Management) £50,000 – £80,000 £70,000 Business Development (Director) £80,000 – £120,000 £100,000 Salary ranges are broad and reflect the wide range of companies within the oil and gas sector. These results should therefore only be used as a guide. For further information on your recruitment needs or on a particular role within this discipline, please contact one of our consultants on 0191 222 0770. (Sales & Marketing, Business Development) 5.5 Support Job Title Range Average Basic Salary HR (Management) £40,000 – £90,000 £70,000 HR (Director) £80,000 – £125,000 £95,000 Finance (Management) £50,000 – £100,000 £80,000 Finance (Director) £90,000 – £150,000 £120,000 Salary ranges are broad and reflect the wide range of companies within the oil and gas sector. These results should therefore only be used as a guide. For further information on your recruitment needs or on a particular role within this discipline, please contact one of our consultants on 0191 222 0770. (HR, Finance) For more information on the UK Oil and Gas Salary Survey 2014, please contact the Nigel Wright Energy team on the details below: T: +44 (0)191 222 0770 E: info@nigelwright.com W: www.nigelwright.com 6. Contact details Newcastle office Lloyds Court 78 Grey Street Newcastle upon Tyne NE1 6AF Aberdeen office Riverside House Riverside Drive Aberdeen AB11 7LH London office Palladia Central Court 25 Southampton Buildings London WC2A 1AL About Nigel Wright Energy Nigel Wright is a trusted recruitment partner to the global oil and gas sector. Our clients are diverse and range from local niche suppliers to multi-national, global leaders. Founded in 1988 in Newcastle upon Tyne, we now have established offices in London, Aberdeen, Paris, Dusseldorf, Madrid, Copenhagen, Stockholm and Oslo. Despite recent developments in renewable energies, the oil and gas industry remains one of the key engines for growth for the global economy. The industry is worth £2.98 trillion and a constant stream of investment is further increasing this figure each year. In addition to industry growth, high retirement rates, changes in tax regimes and an ever increasing global demand for energy are putting a great amount of pressure on candidate demand. With the demand for skilled employees currently exceeding the supply, industry employers are looking for ways to attract and retain talent. Our experienced consultants work closely with companies to recruit some of the most sought- after professionals in the sector. With a core focus in Oil and Gas on a global scale, we work across the whole oil and gas project life cycle, from exploration and production to decommissioning and abandonment. Our clients are involved in all of the major oil and gas sub- sectors covering Reservoirs, Wells, Facilities, Subsea and Marine and Support Services. They are spread throughout the supply chain and range from publicly listed global operators to private, equity backed SMEs and start-ups. We specialise primarily in the appointment of professionally qualified to executive board level talent in the areas of commercial, technical and corporate functions and offer a range of recruitment solutions including Executive Search, Preferred Supplier Solutions (PSS), Contract, Campaign Management and Talent Mapping. Nigel Wright Energy is part of the Nigel Wright Group, a leading specialist consultancy operating in the dynamic global recruitment market.
  • 15. www.nigelwright.com A specialist consultancy operating within the dynamic global oil and gas market.