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Power Sector Market Trends April 2015

Global Power sector market trends - 2015

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Page 1: Global Power sector market trends - 2015

Power SectorMarket Trends

April 2015

Page 2: Global Power sector market trends - 2015

Introduction to WRS

• Global recruitment specialists within the Construction, Oil & Gas, Mining, Maritime and Power industries.

• Our head office is based in the UK; in 2014 we opened our 1st overseas office in Kurdistan, early 2015 saw us open up in Singapore and we will be on the ground in Houston, Texas before the end of 2015.

• Technically skilled permanent / contract staff

• We live and breathe our values of Integrity, Pride, Hard Work and Expertise

• £31.5m turnover in 2014

• Placed candidates in 50+ countries worldwide

Page 3: Global Power sector market trends - 2015

Introduction - Sector/Market Knowledge

• Each year we visit key clients and regions• Establish more in-depth client partnerships

• Build market awareness and consolidate third party relationships

• Attend industry conferences, trade fairs and exhibitions

• Dedicated teams to cover specific regions and skill sets:• Latin America, North America, Europe, Africa, Asia Pacific, Middle East

• Developed an international service / in-depth market knowledge• Market trends analysis – sector specific

• Customer buying behaviours

• Market Trends Survey of over 5,300 job seekers

• Salary & Benefits Survey of over 2260 job seekers

Page 4: Global Power sector market trends - 2015

Type of Power Company Worked in

21.8

21.8

12.97.9

6.9

6.9

5.95

4 3 2 11

Engineering Company

Transmission & Distribution

Wind

IPP

Thermal

Gas

Diesel

OEM

Coal

Hydroelectric

Solar/PV

Developer

Biofuels% of Responses

Page 5: Global Power sector market trends - 2015

Power Disciplines Worked in

32.7

21.821.2

13.5 5.82.61.9

0.6 Operations & Maintenance

Technical Specialists

Projects

Construction

Quality & HSE

Finance

Executive

Legal & Compliance

% of Responses

Key Facts:• 41.4% work contract, 58.6% are permanently employed

• The average annual Operations & Maintenance salary is USD 158,843• The average annual Technical Specialists salary is USD 87,816• The average annual Projects salary is USD 15,162

• Top 4 benefits actually received across all disciplines are Bonus, Healthcare, Accommodation Allowance then IT Equipment

• The most popular e benefits amongst respondents are Healthcare, Flights to/from point of hire, Life Insurance then Accommodation Allowance

Page 6: Global Power sector market trends - 2015

Demographic of Age Groups

33.9

31.4

24.65.9

2.51.725-34

35-4445-5455-6465-7418-24

25-34 years’ experience (33.9%) 35-44 years’ experience (31.4%)• 50/50 split between contract and permanent • 33.8% contract, 66.2% permanently employed

•The average day rate paid is USD 198 •The average day rate paid is USD 553

• Most popular received benefits are Bonus, Healthcare/IT Equipment equally, then Contributory Pension and Accommodation Allowance

• Most popular received benefits are Healthcare, Bonus, Accommodation Allowance then IT Equipment

• Respondents favour Healthcare, Accommodation Allowance, Life Insurance then Bonus

• Respondents favour Healthcare, Flights to/from Point of Hire, Life Insurance then Contributory Pension

% of Responses

Page 7: Global Power sector market trends - 2015

Number of Years’ Experience

27.9

16.214.4

13.5

12.6

9.95.4

6-1025+11-15Up to 316-2021-253-5

Of those with 6-10 years’ experience:• 29% work contract, 71% are permanently employed

• The average annual salary is USD 161,681• The average day rate paid is USD 226

• Most popular actual benefits received are Bonus, then Healthcare with IT equipment then Accommodation Allowance

• Respondents favour the following benefits – Healthcare, Accommodation Allowance, Contributory Pension then Flights to/from point of hire

% of Responses

Page 8: Global Power sector market trends - 2015

27.9

16.2

14.4

13.5

12.6

9.95.4 6-10

25+

11-15

Up to 3

16-20

21-25

3-5

Number of Years’ Experience: Average Salaries

Years’ Experience Annual Salary Average (USD) Day Rate Average (USD)Up to 3 11,520 133

11-15 25,600 210

16-20 155,850 616

% of Responses

Page 9: Global Power sector market trends - 2015

Split of Contract vs Permanent Employees

41.4

58.6

ContractPermanent

37

32.6

138.7 8.7

7-12 months13 -24 months6 months or less36 months +25 - 36 months

Split of Contract Length

% of Responses

Of those working on contracts of up to 24 months duration:• The average day rate paid is USD 327

• Top 4 actual benefits received are, in order of popularity, Healthcare, Bonus, Accommodation Allowance then IT Equipment

• Most popular benefits are Healthcare, Flights to/from point of hire, Accommodation Allowance then Contributory Pension

Page 10: Global Power sector market trends - 2015

Highest Level of Qualification Achieved

36.5

33.9

19.5 3.4

2.5 2.50.9

0.9Degree/Honours Degree

Masters Degree/MBA

College Diploma/Certificate

Professional/Chartered

Vocational

Apprenticeship

No formal qualifications

School qualification

% of Responses

Of those with a Degree/Honour’s Degree level qualification:• 41% work contract, 59% are permanently employed

• The average annual salary is USD 73,036• The average day rate paid is USD 333

• Benefits actually received: Bonus, Healthcare, IT Equipment then Accommodation Allowance

• The most popular benefits amongst respondents are Accommodation Allowance, Flights to/from point of hire, Healthcare then Bonus

Page 11: Global Power sector market trends - 2015

Most Popular Benefits Offered Worldwide Across Contract & Permanent Roles

54.251.7

45.844

39

34.8 34.6

20.3

8.5 8.5 7.6

4 3.4

Age Group

% of Responses

Other benefits:• 2% of respondents receive no benefits

• Car and travel allowances offered in SA

• Cell phone airtime offered in both Nigeria and SA

Page 12: Global Power sector market trends - 2015

Actual Benefits for Permanent Employees38.1

34.8

30.528

24.622.9

21.2

13.6

6.8 5.9 5.93.4 2.9

Age Group

% of Responses

Respondents preferred benefits:• Top 5 most popular benefits as rated by respondents shows a marked disparity -

Healthcare, Contributory Pension, Flights to/from point of hire, Accommodation Allowance followed by Life Insurance.

• The least popular were Gym Membership (56.5% rated this unimportant) and Shares (22.7% rated this as not important at all)

Page 13: Global Power sector market trends - 2015

Benefits rated as Extremely Important Worldwide Across Contract & Permanent Employees

6661.8

53.450 48.9

45.5

39 37.434

28.6Age Group

% of Responses

Other benefits:• 35.4% of respondents rated Gym Membership as the least important

• 32.4% rated Shares of no importance

• 36.9% rated Schooling/Childcare Subsidy as neither important or unimportant while 22.8% rated it of no importance at all

Page 14: Global Power sector market trends - 2015

Benefits Offered vs Benefits Preferred Worldwide Across Contract & Permanent Roles

Bonus

Health

care

Accom

mod

ation

allo

wance

IT e

quipm

ent –

Pho

ne/la

ptop

etc

Flight

s (T

o/fro

m p

oint o

f hire

)

Contri

buto

ry p

ensio

n

Compa

ny c

ar/v

ehicl

e

Reloca

tion

allow

ance

Life

insur

ance

54.251.7

45.8 44

3934.8 34.6

20.3

4

45.5

66

50

34

61.8

48.9

37.4 39

53.4

Offered Preferred

% of Responses

Page 15: Global Power sector market trends - 2015

Split of continent respondents working on

55.219.8

19.8

3.5 1.7Africa

Asia

Europe

South America

North America

% of Responses

Page 16: Global Power sector market trends - 2015

5050

USA Canada

Geographic Split of Respondents by %

Asia

Europe

% of Responses

17.4

13

8.7

8.78.78.7

8.74.4

4.44.4

4.4 4.4 4.4

UKGermanyBelgiumDenmarkFranceNetherlandsSpainIrelandItalyMacedoniaPortugalSlovakiaSweden

18.5

18.5

11.111.1

7.4

7.43.7

3.73.7

3.73.7 3.7 3.7

PakistanSaudi ArabiaIndonesiaIraqQatarUAEAfghanistanBangladeshChinaIndiaKazakhstanKorea, SouthNepal

Page 17: Global Power sector market trends - 2015

Focus on Africa

35.4

21.59.27.7

6.1

4.6 4.61.5

1.51.5

1.5 1.5 NigeriaSouth AfricaKenyaCameroonMoroccoAngolaIvory CoastChadEgyptEthiopiaSenegalSierra LeoneUgandaZambia

Countries worked in

Split of South African Provinces worked in

54.518.2

18.2 9.1Gauteng

KwaZulu-Natal

Western Cape

Northern Cape

% of Responses

Page 18: Global Power sector market trends - 2015

Annual salary bands for SA Rand paid employees

25

21.915.615.6

12

3.13 3.1 3.1R530,001-700,000

R700,001-880,000

R350,001-530,000

R1,050,001-1,230,000

R175,001-350,000

R1,230,001-1,410,000

R1,410,001-1,580,000

R1,760,001-2,230,000

% of Responses

Page 19: Global Power sector market trends - 2015

Currencies in Which Salaries Are Paid

39.314.3

10.73.6

1.2

Euro (EUR)Nigerian Naira (NGNBritish Pounds Sterling (GBP)South African Rand (ZAR)US Dollars (USD)

Day Rates

Annual Salaries26.8

21.421.4

19.68.9 1.8

US Dollars (USD)Euro (EUR)Nigerian Naira (NGN)South African Rand (ZAR)British Pounds Sterling (GBP)Peruvian Nuevo Sol (PEN)

% of Responses

Page 20: Global Power sector market trends - 2015

Respondent Feedback on Market

Respondents were asked: With regard to job opportunities and salaries offered within the country you currently work what do you predict in 2015?

50.4

24.8

6.8 1.2

An increase in the next 12 months

They will stay the same over the next 12 months

A reduction in the next 12 months

Not sure

% of Responses

Page 21: Global Power sector market trends - 2015

Next Steps

If you would like more information on our Power Sector survey, or require assistance with recruiting for this market,

then please contact our dedicated team of consultants.

Likewise, if you are thinking of making a career change and require

support in sourcing your next role in Power, please

view our latest jobs or get in touch with our team.

Phone: +44(0) 161 926 2525 Email: [email protected]