- A global hiring survey has revealed oil and gas companies’ reluctance in Nigeria and other oil-producing countries to increase hiring efforts in the near term.
- Still grappling with market uncertainty, 51 per cent of global hiring managers in the industry decreased their efforts in the past three months, the report, which was released by Rigzone for the second quarter of 2015, revealed.
- Additionally, 13 per cent have completely frozen their recruitment plans, it added.
- Since oil prices bottomed out in mid-March, the industry has seen slight increases in oil price per barrel, but not enough for oil and gas companies to feel comfortable enough to actively increase hiring plans in the near future, the survey explained.
- A very valid concern among oil and gas companies during a downturn, especially with the continued challenge of the Great Crew Change, is employee attrition. According to the same hiring survey, almost 70 per cent of global hiring managers expect an anticipated decline in voluntary departures of employees throughout the next six months.
- Despite the decreased hiring and recruitment efforts, opportunities still exist for oil and gas companies to secure skilled workers, with 81 per cent of global hiring managers stating that the candidate pool had grown in the last three months and 34 per cent said the time to fill open positions had shortened in the last three months.
- Additionally, 70 per cent indicated candidates were not asking for more compensation compared to three months ago.
- Source: Punch
Oil And Gas Companies Are Reluctant To Hire
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