compensation tracker - rigzone · 2011-03-03 · while the online compensation tracker provides a...

Rigzone.com

COMPENSATION TRACKERstay competitive with real time tracking

Rigzone.com

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COMPENSATION TRACKER | stay competitive with real time tracking

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| COMPENSATION TRACKERstay competitive with real time tracking

Rigzone.comRigzone.com

Your Company Has A Problem: Compensation is the Number 1 Reason for Leaving a Job

As much as 60% of your workforce may be looking for a new job. And the number one reason an employee might leave is compensation.

Right now, your competitors are posting jobs, searching through candidate resumes, and networking with potential hires, including your employees. With a limited pool of educated and experienced candidates with the technical expertise to find, develop, and manage major oil and gas projects, your competitors may have a good shot at hiring away some of your most talented people simply by hitting the mark on their compensation.

Making matters worse, the average cost to your company to replace an energy industry employee lost because of turnover is between $25,000 and $30,000.

Source: Salary.com Annual Job Satisfaction Survey

Eighty percent of employers think that employeees will not be looking for a new job in the near future

Sixty percent of employees plan to intensify their job search in the next three months

The Problem: What You Don’t Know Can Hurt You

80% 60%

Inadequate Compensation

Lack of CareerAdvancement

InsufficientRecognition

Boredom Inadequate Pro.Development

$28,512Average cost to replace an energy industry employee:

Your Company Also Has An Opportunity:By being proactive in seeking out the best candidates for your company’s positions, your organization can become an industry leader, or stay in front of the pack.

Offering competitive salaries that compensate employees well is a key component of hiring the most talented individuals. Better compensation can allow you to bring the best talent into your organization.

Source: Salary.com 2008 Employee Job Satisfaction & Retention Survey

What’s an employer to do !?!

Top 5 Reasons Employees Leave a Job

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COMPENSATION TRACKER | stay competitive with real time tracking | COMPENSATION TRACKERstay competitive with real time tracking


Landing the best new hires and keeping your top talent working happily don’t have to be major concerns. By paying competitive salaries, your organization can take the single most important step to bring in the best people and keep your current employees on board.

With the Rigzone Compensation Tracker, your company will have access to one of the largest and most up-to-date compilations of oil & gas compensation data ever created.

The worldwide reach, constant stream of new data, and detailed, industry-focused results provide an unparalleled look at the employment market, helping you stay ahead of changes and take advantage of opportunities.

The Solution: Stay Competitive With Real Time Tracking

700+20,000+New responses per weekReponses from Nov 2009 - Nov 2010

Detailed & Segmented ResultsIn collecting data for the Compensation Tracker, Rigzone polls thousands of oil & gas professionals regarding their work situation and their professional background. Besides compensation details, key data points include:

over 90 different job functionsdetails on current work situation:

• company size

• work region

• onshore/offshore split

• work schedule

details on background & career level:

• education

• experience

• management level

• citizenship

• residence

Thousands of visitors to the Rigzone web site and candidates in the Career Center are pointed to the Salary Survey each day, bringing in more than 100 new responses daily.

Rigzone began collecting compensation data through its annual salary survey in 2007, with data covering salary levels for 2006. Since that time, the survey has been conducted each year, growing both in terms of the number of roles covered and the number of respondents.

In addition, while data was previously collected during the 3rd & 4th quarters, it is now collected on an ongoing basis throughout the year.

Hundreds of thousands of visitors from around the world turn to Rigzone each month. That international audience translates into a source of compensation data from every major oil & gas producing region on earth.

Constantly Updated

Five Years of Historical Data

Worldwide Reach

7k

18k

22k25k

30k

2006 2007 2008 2009 2010

Salary Survey Responses per Year

Projected

Rigzone users from aroundthe world submit salary data

Rigzone’s team reviews salary submissions to remove any bad data

After approval, new salary datais available for reporting

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2)

3)

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The Source: How Rigzone Gathers More Oil & Gas Compensation Data Than Anyone Else To put it simply, no other publication of any kind anywhere in the world reaches as many oil & gas professionals as Rigzone.

Combine the reach of the next 4 most popular industry news web sites along with top 5 oil & gas print publications, and you’ll still fall far short of the number of unique visitors that come to Rigzone each month.

Rigzone’s targeted oil & gas industry audience is unrivaled.

More Visitors=

More Salary DataBy leveraging the largest oil & gas audience in the world to gather salary data, Rigzone is in a unique position to quickly and continually collect this valuable information on a daily basis.

Rigzone reaches out to job seekers and other users of Rigzone, promoting the Salary Survey via:

• Links throughout the Rigzone web site

• Welcome and Login information emails

• Weekly Job Register emails

• Job Notification emails

• and more

9million

page views per month

1million

visits per month

17%growth

in members

year over year

1.2million

emails per week

170or more

new resumes

each week

750thousand

Rigzone Members

508thousand

unique visitors

each month

279thousand

active resumes

335thousandactive email subscribers

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The Stats: A Look at the Compensation Data Being Collected

Region ResponsesJobTitles

Africa 2,562 95Australia & Oceania 606 87Central Asia 871 93Europe 1,715 95Far East 784 89Middle East 2,913 96North America 8,100 97South America 1,421 91Southern Asia 1,121 93

2010 Avg Salary

104,000$ 109,000$ 88,000$ 89,000$ 110,000$ 91,000$ 95,000$ 99,000$ 92,000$

Percentage Change

4.2%

-12.8%

-2.3%

-5.4%

0.3%

5.4%

-4.8%

5.1%

3.4%

$-

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

Drilling Engineering Geoscience HSE Maritime Mgmt/Support Oilfield Service

Production Trades

Drilling

Drilling Consultant 512 responsesDriller 482 responses

Directional Driller 367 responses

Foreman or Superintendent 314 responses

Toolpusher 311 responses

Plus 7 More 1183 responses

Engineering

All Drilling Jobs All Engineering Jobs

2010 Avg $119,000 2010 Avg $95,000

2010 Avg $87,000 2010 Avg $90,000

2010 Avg $95,000 2010 Avg $84,000

2010 Avg $94,000 2010 Avg $83,000

Mechanical Engineer 542 responses

Petroleum Engineer 511 responses

Electrical Engineer 425 responses

Maintenance Engineer 379 responses

General / Other Eng. 344 responses


3169 responses 4115 responses

All Oilfield Service Jobs All Production Jobs2262 responses 1295 responses

Geoscience

Geologist 448 responses

Geoscientist 273 responses


HSE

Safety Officer 659 responses

Safety Engineer 241 responses


Maritime

Captain 369 responses

Dynamic Position Officer 330 responses

Ships Engineer 147 responses


Oilfield Service

MWD/LWD/Logging 418 responses

Field Service Tech 363 responses

Mud Engineer 310 responses

Cementing 174 responses


Production

Production Operator 486 responses

Workover or Completion 259 responses

Offshore Worker 182 responses

Operations Manager 171 responses


Trades

Mechanic 395 responses

Electrician 375 responses

Elec. or Instr. Tech 372 responses


All Geoscience Jobs All HSE Jobs921 responses 1707 responses

All Maritime Jobs All Trade Jobs1323 responses 1793 responses

Compensation Data by RegionWith results continually coming in from around the world, the Compensation Tracker provides a global view of oil & gas industry compensation. The data below provides an overview of the data collected by region for 2010.

North America

-4.8%

South America

+5.1%

Africa

+4.2%

Europe

-5.4% Far East

+0.3%

Compensation data is collected across nine different functional areas for over 90 job titles. The chart below provides a look at 2010 averages by function.

Compensation Data by Job Function

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The Compensation Tracker online system is the best way to have unlimited, real-time access to the latest compensation information. The screenshots below provide a glimpse of the functionality available to subscribers.

Create an easy-to-digest 2-page report that provides a complete compensation over-view with current breakdowns & historical comparisons.

Results can be filtered to focus on respondents with a specific job title, level of experience, citizenship, work region, and onshore/offshore background.

After creating your report, print or export to PDF to share with others in your company.

The System: Inside the Compensation Tracker Online System

Focused Executive Summary

Get a global overview for a given job, with results broken out by experience, education, region, company size and more.

See specific responses to take a detailed look at the

underlying data.

Job Title Overview Report

Detailed Response List

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While the online Compensation Tracker provides a real-time look at compensation trends, for those with less frequent or more focused needs, one-time reports are available for any job title tracked in the system.

The Reports: One-Time Reports To Be Emailed or Printed The Purchase: Getting The Compensation Data You Need

Standard ReportsBased upon the reports found in the online system, standard printed or emailed reports contain:

An overview of current compensation figures for the selected job title that provides breakdowns by:

• salary range

• education

• experience

• work region

• company size

• onshore/offshore experience

A detailed list of responses for the requested job title

Custom ReportsIn addition to our standard reports, we can work with you to provide specific compensation data from our system to match your exact requirements.

Whether you are looking for very specific compensation numbers or simply need a different view of the data, we can create exactly the output that you want.

With several options available, getting access to the compensation data that best suits your needs is simple. Pricing for each option can be found below. When you are ready to make a purchase or if you have any questions, please call us at 281-345-4040 or email [email protected].

Compensation Tracker Online System

Standard One-Time Report for a Single Job Title

Custom Reports

• Get complete access to all 90 + job titles• Or access to data for individual job titles

• Pricing varies depending on requirements, please call us to discuss your needs and get a quote.

• Quantity discounts available when ordering five or more reports

Need More Information

Email: [email protected] T: +1 (281) 345.4040 F: +1 (281) 345.4848

Address: 5870 Hwy 6 N, STE. 107 Houston, TX 77084

If you would like to receive a demonstration of the Compensation Tracker Online System, please let us know. We would be happy to arrange an online meeting or come to your offices.

compensation tracker - rigzone · 2011-03-03 · while the online compensation tracker provides a...

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