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Compensation Tracker

Since 2007, Rigzone has been collecting detailed salary information from our members in order to create a comprehensive system for tracking and understanding oil & gas industry compensation trends. The result of that ongoing effort is the Compensation Tracker system and reports.

To learn more about why you should track compensation trends, how Rigzone collects its data, and how you can get access to this vital information, explore the tabs below.

 
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The Problem: What You Don't Know Can Hurt You


Your Company Has a Problem
As much as 60% of your workforce may be looking for a new job. And the number one reason an employee might leave is compensation.

Compensation is the Number 1 Reason
for Leaving a Job

Right now, your competitors are posting jobs, searching through candidate resumes, and networking with potential hires, including your employees. With a limited pool of educated and experienced candidates with the technical expertise to find, develop, and manage major oil and gas projects, your competitors may have a good shot at hiring away some of your most talented people simply by hitting the mark on their compensation.

Making matters worse, the average cost to your company to replace an energy industry employee lost because of turnover is between $25,000 and $30,000.

At the same time, you don't want to overpay underqualified employees, negatively impacting the profitability of your company. You need to know what employees and potential employees should be earning.


Your Company Has An Opportunity
By being proactive in seeking out the best candidates for your company's positions, your organization can become an industry leader, or stay in front of the pack.

Offering competitive salaries that compensate employees well is a key component of hiring the most talented individuals. Better compensation can allow you to bring the best talent into your organization.

Top 5 Reasons for Leaving a Job
The Solution: Stay Competitive With Real Time Tracking


Landing the best new hires and keeping your top talent working happily don't have to be major concerns. By paying competitive salaries, your organization can take the single most important step to bring in the best people and keep your current employees on board.

With the Rigzone Compensation Tracker, your company will have access to one of the largest and most up-to-date compilations of oil & gas compensation data ever created.

The worldwide reach, constant stream of new data, and detailed, industry-focused results provide an unparalleled look at the employment market, helping you stay ahead of changes and take advantage of opportunities.

Worldwide Reach
Hundreds of thousands of visitors from around the world turn to Rigzone each month. That international audience translates into a source of compensation data from every major oil & gas producing region on earth.


Constantly Updated
Thousands of visitors to the Rigzone web site and candidates in the Career Center are pointed to the Salary Survey each day, bringing in more than 100 new responses daily.

Detailed & Segmented Results
In collecting data for the Compensation Tracker, Rigzone polls thousands of oil & gas professionals regarding their work situation and their professional background. Besides compensation details, key data points include:

  • over 90 different job functions
  • details on current work situation:
    • company size
    • work region
    • onshore/offshore split
    • work schedule
  • details on background & career level:
    • education
    • experience
    • management level
    • citizenship
    • residence
Compensation Tracker