Thursday 24 May 2018

Energy firms upbeat on hiring; 83pc see new jobs

Manama, December 26, 2012

Recruiters from the oil and gas sector in the region are positive on the hiring outlook, with 83 per cent of them saying that new jobs will be created in the coming quarter, a report said.

Most of these opportunities will be for the 4-8years experience levels, added the survey conducted by, a leading job site in the Gulf region.

At a time when most recruiters from other sectors predicted layoffs, none from the Oil and Gas sector said that there will be layoffs and only 5 per cent said that there will be no hiring in the coming quarter.

This survey was conducted with about 20+ recruiters from the oil and gas sector to gauge the hiring trends for the next quarter. It gives a clear perspective about the employment opportunities in the market and throws light on increments, job opportunities and attrition levels.

Tarun Aggarwal, business head, said: “We are happy to see positive sentiments in the oil and gas industry.  Energy has a robust demand and with rates well above the budgeted figures, we expect a sustained, or even increased hiring patterns in the mid-term.”

The survey also revealed the increments organizations in the oil and gas sector gave out to their employees in 2012.

Twenty-eight per cent of the recruiters surveyed said that the range of increments were within the range of 5 per cent and 10 per cent.  However, it is interesting to note that about 14 per cent recruiters said that they gave no increments.

The widening gap between demand and supply for the talent workers has become a major cause of worry across sector.

Fifty-six per cent of recruiters who took the survey said that they face a talent crunch while hiring their employees and most of them said that it is most difficult to hire talent at the 8-15 years experience level. Also, about 46 per cent said that Arab nationals are difficult to hire. – TradeArabia News Service

Tags: Jobs | oil and gas | Employment | Job site |

More Energy, Oil & Gas Stories

calendarCalendar of Events