Survey: Salary More Important to N. America Oil, Gas Workers
Wednesday Jun 13, 2018  
URL: https://www.rigzone.com/news/survey_salary_more_important_to_n_america_oil_gas_workers-13-jun-2018-155914-article/

More than 6,500 oil and gas professionals from around the globe expressed what they deem the most important attribute in a company in Rigzone’s second annual Ideal Employer Survey.

Just like factors such as employment status and industry sector influenced respondents’ opinions, in some cases so did their respective geographic region. The survey found significant differences in attribute importance among North America respondents and their counterparts in the rest of the world.

Ranking in a three-way tie for top company attribute according to North America respondents were “Commitment to Health and Safety,” “Competitive Salary” and “Manages Business with Integrity.” While a “Commitment to Health and Safety” was also the top attribute for respondents from the rest of the world, “Challenging/Interesting Work” ranked second, followed by “Competitive Salary” ranking third.

The importance of salary in North America may be due in part to the competitive nature of salaries. In the oil and gas industry’s recovery, the Permian has had record production numbers and the industry can’t get workers in those areas fast enough. As a result, some companies are now willing to pay top dollar for drillers, service providers and truckers.

North America respondents also rate “Manages Business with Integrity” (first) higher than those from the rest of the world (fourth). Some estimates have reported that the U.S. accounted for 40 percent of the industry’s layoffs during the recent downturn. And Rigzone’s survey exploring what happened to laid off industry workers found that 29 percent of U.S. respondents feel “uncertain” about the industry. So, it’s not hard to understand why some North America respondents will be a bit cautious about the industry and desire employers who conduct themselves ethically.    

Other Regional Differences

Oil and gas professionals in the rest of the world value “Challenging/Interesting Work” (ranked second) just above salary and more so than respondents from North America, who rank it fourth most important.

While “Solid Training and Development Programs” ranked in a three-way tie for fourth among respondents from the rest of the world, it wasn’t as important to respondents from North America. It tied for seventh along with “Financial Performance/Strength of Firm” for North American respondents.

Additionally, North America respondents ranked “Strong Executive Leadership” (fourth) higher than their counterparts in other countries (seventh).

Brought to you by Rigzone.com