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16 | Oil & Gas Salary Guide

INDUSTRY BENEFITSOverview of Industry Benefits

Once again the number of people receiving benefits has increased. Compared to 2012, we have seen a two per cent increase in the number of people receiving benefits.

As candidate shortages continue to rise, it is evident that employers are utilising benefits such as bonuses as a mechanism for attracting top talent. Despite this increase, there is a still a significant portion of oil and gas professionals not receiving benefits (33 per cent) worldwide. Employers who utilise their benefits as a key selling feature may be able to more effectively target this candidate pool in their recruitment plans.

Bonuses once again rank as the number one benefit offered by employers, staying steady with 2013 at 42.8 per cent. Bonuses, particularly those directly relating to performance can be a strong motivator.

What is most notable about this year’s results is the increase in health plans. Health plans have consistently been ranked second next to bonuses. However, for the first time health plans rank first in North America.

Background: The bar chart shows two figures related to benefits that employees in the oil and gas industry receive. The first figure represents the percentage of respondents that receive that particular benefit, i.e. 42.8 per cent of respondents receive some sort of bonus. The second figure represents the value of that benefit stated as a percentage of their overall package for those that receive it, which in the case of bonuses is 15.9 per cent.

15.9%

16.0%

10.2%

16.5%

13.1%

13.0%

11.6%

13.2%

14.5%

17.0%

11.7%

15.1%

18.8%

18.6%

14.8%

42.8%

10.2%

8.9%

8.4%

11.4%

18%

20.8%

7.9%

33.2%

10.6%

24%

14.7%

22.8%

18.6%

23%

33.28%

Bonuses

Hardship allowance

Commission

Hazardous danger pay

Tax Assistance

Meal allowance

Pension

Share scheme

Health Plan

Schooling

Car/Transport/Petrol

Training

Housing

Overtime

Home leave allowance/flights

No Benefits

Percentage that receive the benefit

Average percentage of their total package

OVERVIEW OF INDUSTRY BENEFITS

More people are receiving benefits than in the past five years

Oil & Gas Salary Guide | 17

INDUSTRY BENEFITSCompany Benefits

Bonuses top the list as the highest ranked benefit across all company types, staying consistent with 2012. Global Super Majors and Equipment Manufacturer & Supplier companies offer pension plans more so than other company types. On the other hand, EPCM and Oilfield Services offer more overtime pay.

As candidates move within sectors employers should be mindful of the benefits professionals are used to receiving and be flexible with their offerings in order to attract their desired talent.

TOP BENEFITS BY COMPANY TYPE

Overtime

Home leave allowance/flights Overtime

19%

17%

Home leave allowance/flights22%

17%

Housing

Pension Home leave allowance/flights

21%

22%

Car/Transport/Petrol22%

20%

No Benefits

No Benefits

No Benefits

No Benefits

32%

24%

23%

32%

Health Plan

Health Plan Health Plan

26%

31%

Pension25%

28%


Meal allowance Housing

20%

18%

Housing23%

19%


Car/Transport/Petrol Car/Transport/Petrol

21%

28%

Health Plan35%

20%

Bonuses

Bonuses

Bonuses

Bonuses

35%

44%

46%

36%

EPCM/CONTRACTOR

EQUIPMENT MANUFACTURER & SUPPLY

GLOBAL SUPER MAJOR/OPERATOR

OILFIELD SERVICES/CONSULTANCY

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Despite bonuses being the highest ranked benefit across all company types, health plans realised the highest increase of five per cent


INDUSTRY BENEFITSRegional Benefits

PERCENTAGE OF EMPLOYEES WHO RECEIVE BENEFITS BY REGION

Bonuses are the most popular benefit offered to employees for all regions bar North and South America. In North America in the last year, health plans have taken over the number one spot for most prevalent benefit offered. This could be in response to the recent US ‘Obama Care’ implementation.

In South America, health plans are again the most popular benefit. South America also has the lowest number of employees who are not receiving benefits.

Australasia, although experiencing a small decline in the number of people receiving benefits, is still above its lowest number in 2010.

The Middle East has seen the highest percentage increase in the number of people receiving benefits, as benefits are offered to >10 per cent more people than in 2013. The number of people receiving benefits in the Middle East currently surpasses the previous high in 2010.

Africa Asia Australasia CIS Europe Middle East North America

South America

0%

10%

20%

30%

40%

50%

60%

70%

80%

2013

2011

2012

2010

Middle East, Asia and South America are the regions with the fewest number of oil and gas professionals without benefits

Oil & Gas Salary Guide | 19

INDUSTRY BENEFITSRegional Benefits

TOP BENEFITS BY REGION

Meal allowance

Training

Overtime22%

9%

20%

Housing


Housing25%

12%

25%

No Benefits

No Benefits

No Benefits29%

44%

23%

Health Plan

Pension

Health Plan31%

19%

34%




11%

23%


Health Plan


15%

27%

Bonuses

Bonuses

Bonuses37%

30%

48%

AFRICA

AUSTRALASIA

Meal allowance10%


No Benefits39%

Pension25%

Overtime10%

Health Plan21%

Bonuses33%

EUROPE

Training12%


No Benefits29%

Bonuses36%

Overtime16%

Pension21%

Health Plan39%

NORTH AMERICA

ASIA

Meal allowance16%

Health Plan31%

No Benefits23%



Housing33%

Bonuses41%

MIDDLE EAST


Housing20%

No Benefits35%

Health Plan24%

Meal allowance18%


Bonuses30%

RUSSIA AND CIS

Training17%


No Benefits22%

Bonuses40%

Pension18%

Meal allowance25%

Health Plan46%

SOUTH AMERICA

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SECTION FOURINDUSTRY EMPLOYMENTPlans for increasing staffing levels stays consistent with 2012


0%

20%

40%

60%

80%

100%

2009 2010 2011 2012 2013

12.6%12.7%

27.0%

34.2%

13.5%

13.9%

14.7%

34.1%

27.6%

9.7%

26.1%

25.3%

20.9%

23.3%

24.8%

22.9%

23.9%

23.2%

22.3%

23.8%

24.7%

23.5%

CONFIDENCE THAT STAFFING LEVELS WILL CHANGE IN THE NEXT 12 MONTHS

Remain static

Increase between 5-10%

Decrease

Increase up to 5%

Increase more than 10%

>70 per cent of employers plan to increase headcount in 2014

2010 2011 2012 2013 2014

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