Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Copper Tip Energy Services
Hazloc Heaters
Copper Tip Energy
Hazloc Heaters


Oil’s Workforce Open to Job Switch as Pay Bumps in Short Supply


English Español 简体中文 हिन्दी Português
These translations are done via Google Translate

Most oil workers around the world have yet to cash bigger paychecks despite the run up in crude prices, with many ready to leave the oil patch.

Less than a third of surveyed oilfield employees report receiving a pay bump in the past year, while another 21% said pay was actually cut. That’s according to the latest Global Energy Talent Index released by recruiting firms Airswift and Energy Jobline. The good news: A little more than half of those workers say they expect to get a boost in pay sometime in the next 12 months.

At the same time, 82% of oil industry workers would consider switching to another energy-related sector, with renewables being the most popular landing spot, according to the survey of 10,000 workers and hiring managers across 166 countries. It’s the second straight year the survey has reported an increase in workers’ willingness to leave the oil industry.“This should sound a warning for companies,” Janette Marx, chief executive officer for Airswift, said in the report. “Some companies will need to step up their effort on the retention front.”

GLJ
GLJ

The oil industry has struggled to add workers to meet growing demand amid surging crude prices as the global economy recovers from the pandemic. Russia’s invasion of Ukraine has further jolted those efforts. In the U.S., the oil and gas workforce is still 20% below pre-pandemic levels.



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE