Rigzone Survey Indicates Continued Scale Back in Hiring

Current market conditions have caused global oil and gas professionals to remain cautious in the negotiating process, according to Rigzone’s latest Global Hiring Survey. More than 55% of global hiring managers reported that they have not seen an increase in the number of candidates asking for more money in the last three months.

With that being said, for companies still in the market for talent, now is the opportune time to look, with 76% of global hiring managers surveyed seeing an increase in the number of candidates applying for positions now as compared to three months ago.

The results go on to show that the industry remains cautious. Many companies are continuing to scale back on hiring plans due to ongoing market volatility and low oil prices. Polling industry hiring managers from across the globe, 47% of survey participants indicated that they reduced their hiring plans in the past three months, while an additional 16% said they had halted their hiring plans completely for the time being.

Given the continued volatility of the market, a majority of oil and gas companies globally have changed their hiring plans in the short and, in some cases, medium term. Fifty-three percent of global hiring managers surveyed said they had decreased their hiring plans for the next six months as a result of the market environment; however, only a fifth (18%) said that present market conditions actually caused them to increase their hiring plans over this same timeframe.

The Global Hiring Survey results were released in conjunction with Rigzone’s announcement that OilCareers.com, an international oil and gas job board, has successfully integrated this week into Rigzone. Rigzone and OilCareers combined strengths and now sit under one global platform, operating extensively across Europe, the Middle East, the Asia-Pacific region and the Americas.

Statistics released this week show that Rigzone now has the largest oil and gas database in the world, with over two million searchable CVs and a highly-targeted audience of over three million oil and gas members. This comes in addition to a variety of services and products now available to those who were previously members of OilCareers only such as daily global oil and gas news coverage, Rig Data and Events, further cementing Rigzone’s reputation as a leading oil and gas industry resource.

"Rigzone now has the largest industry recruitment database in the world, with more than half a million CVs registered with us in Europe alone. What this means is that we have a wealth of data about oil and gas recruitment and market trends at our fingertips, allowing us to be one of the most comprehensive industry career resources available to organizations and professionals in the marketplace today," said Mark Guest, managing director of Rigzone International.

About the Survey

From February 17, 2015 to March 9, 2015, Rigzone surveyed hiring managers and recruiters who recruit oil and gas professionals across the globe. Covering upstream, downstream, corporate and college recruiting, 679 responded to the survey, with 21% representing companies that have more than 5,000 employees.