Since the oil price has recovered there is more activity within the industry, with CAPEX spend increasing and more projects being kicked off. Companies should therefore be considering re-hiring all the oil and gas industry professionals they fired during the downturn, but instead they seem to be asking their existing workforce to just work harder. It seems the industry has now become scared to start hiring again.
This problem extends to the supply chain, where oil companies are still securing deals that result in no profit for supply chain companies, meaning that even though more projects are arriving there still are not many oil and gas jobs on the market.
Those who were lucky enough to keep their jobs seem to be under more pressure than ever before, with a lot of employed people who have good positions (on paper) contacting us to say they will accept anything to leave their current companies as they can’t take the relentless abuse from middle management any more. Until companies start hiring again the pressure on current employees will continue to increase, making them more likely to leave as soon as the job market picks up.
At some point we are confident that the oil and gas jobs will arrive, but trying to guess when isn’t easy. When companies do press the hire button again, make sure you consider TalEng for your oil and gas job search.