Rigzone-TRG Survey Finds Strong Industry Loyalty Among APAC O&G Employees

Rigzone and Australia's management consultancy firm specializing in employee engagement research and talent strategy The Right Group found that oil and gas professionals maintained a strong sense of loyalty to the industry in spite of recent turmoil in the sector, according to a joint employee engagement survey released recently. Ninety-two percent of oil and gas professionals indicated that they are proud to be a part of the oil and gas workforce, with 75 percent responding that they are proud to tell people that they work for their current company.

Yet, despite professionals’ overwhelming devotion to the oil and gas industry, they appear to be less than impressed with what companies are offering them in the form of benefits, with half of professionals surveyed indicating that they are dissatisfied with their current benefit packages. This suggests that, if companies want to recruit and retain the best talent, perhaps a good start would be to reconsider their present benefit offerings. In fact, compensation and benefits remain the primary consideration for professionals who are trying to decide whether they should stay at their current organization or look to move elsewhere, with a strong majority (77 percent) responding that these two elements factor significantly into their decision-making process.

While salary and benefits remain top-of-mind, strong personal and professional development opportunities also appear to be of meaningful importance to professionals. Nearly half of professionals (49 percent) indicate that they would be willing to move for greater opportunities for advancement and approximately 40 percent (39 percent) responded that they would be willing to move for more learning opportunities.

Despite employees’ strong interest in professional development, there appears to be a perceived lack of training and career progression within the organizations they work for. Only 44 percent of professionals surveyed feel that their current company has paved a clear career path for them, with slightly more than half (52 percent) agreeing that there is equal opportunity for advancement within their organization.

About the Survey

During the months of December 2014 to January 2015, in a first of its kind initiative, Rigzone and The Right Group surveyed oil and gas professionals in the Asia Pacific (APAC) region about what it was like working in the oil and gas industry. Over 500 professionals responded to the survey, with 40 percent working onshore, 33 percent working in metro/head offices and 27 percent working offshore.

Full survey results were presented at the 2015 Australasian Oil & Gas Exhibitions & Conference on March 12.

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