Hiring of oil and gas professionals scaled back.
Current market conditions have caused global oil and gas professionals to remain cautious in the negotiating process, a report said, noting a continued scale back in hiring.
A majority of global hiring managers have not seen an increase in the number of candidates asking for more money in the last three months, added the latest Global Hiring Survey from Rigzone, a leading online resource for the oil and gas industry delivering content, data, advertising and career services.
For companies still in the market for talent, now is the opportune time to look, with 76 per cent of global hiring managers surveyed seeing an increase in the number of candidates applying for positions now as compared to three months ago.
While the global candidate pool is getting larger, companies remain cautious, with many companies 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 per cent of survey participants indicated that they reduced their hiring plans in the past three months, while an additional 16 per cent said they had halted their hiring plans completely for the time being.
Given the continued volatility of the market, the majority of oil and gas companies globally have changed their hiring plans in the short and, in some cases, medium term.
Fifty-three per cent of global hiring managers surveyed said they had decreased their hiring plans for the next six months as a result of the market environment, with only a fifth (18 per cent) saying 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.
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