Rigzone Announces 2015 Q2 Global Hiring Survey Results Oil and Gas Hiring Managers Still Reluctant to Restart Hiring Initiatives
HOUSTON, Texas, June 25, 2015—Results from Rigzone’s latest global hiring survey indicate that oil and gas companies continue to curtail recruitment as a result of ongoing market uncertainty. Over half (51%) of the global oil and gas hiring managers polled said that they have decreased their hiring efforts in the past three months, with an additional 13 percent saying that they have frozen their recruitment plans completely.
While market trends have begun to show some early positive signs, with the price of oil beginning to rise this quarter, the majority of global hiring managers remain reluctant to expand their hiring efforts over the next six months, with 65 percent acknowledging that they have decreased their hiring plans in this timeframe. In addition, 54 percent of global hiring managers surveyed indicated that they believe job cuts are more likely in the next six months, and 65 percent said they expect to experience a loss of budget for approved headcount for the year.
Similarly to last quarter, companies who are still in the market for talent have quite the advantage. 81 percent of the global hiring managers surveyed say that the candidate pool has grown in the last three months. Additionally, 34 percent of global hiring managers surveyed said the “time-to-fill” open positions has shortened over the last three months. In terms of salary expectations, 70 percent of global hiring managers polled indicated that candidates are not asking for more compensation as compared to three months ago.
“Despite some early positive signs in market trends, the oil and gas market continues to experience volatility and, as a result, companies remain reluctant to expand their hiring plans,” said Bob Melk, President of Rigzone. “For many companies, potential hiring opportunities have been postponed for the foreseeable future.”
Oil and gas professionals are uncertain about the career prospects available to them due to the decreased availability of employment options in the market. Professionals who are currently employed are expected to stay in their current positions, with nearly 70 percent of global hiring managers surveyed indicating an anticipated decline in voluntary departures over the next six months.
About the Survey
From May 26, 2015 to June 4, 2015, Rigzone surveyed hiring managers and recruiters who recruit oil and gas professionals across the globe. Covering upstream, downstream, corporate and college recruiting, 209 responded to the survey, with 23% representing companies which have more than 5,000 employees.
Rigzone, a DHI service, is the leading global online resource for the oil and gas industry delivering news, data, advertising and career services. Dedicated to bringing oil and gas news and data, including in-depth information on exploration, drilling and production markets to organizations tackling the energy challenge, its online community of highly-skilled and experienced professionals is unmatched. For more information visit www.rigzone.com.
Marketing Manager, Americas