compensation tracker

COMPENSATION TRACKER
stay competitive with real time tracking
Rigzone.com
Rigzone.com
COMPENSATION TRACKER | stay competitive with real time tracking
stay competitive with real time tracking
27%
The Problem: What You Don’t Know Can Hurt You
Top 5 Reasons Employees Leave a Job
Source: Salary.com 2008 Employee Job Satisfaction & Retention Survey
19%
80%
17%
60%
Inadequate
Compensation
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
Source: Salary.com Annual Job Satisfaction Survey
Your Company Has A Problem:
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.
Compensation is the
Number 1 Reason for
Leaving a Job
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.
| COMPENSATION TRACKER
Lack of Career
Advancement
Insufficient
Recognition
11%
11%
Boredom
Inadequate Pro.
Development
Average cost to replace an energy industry employee:
$28,512
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.
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.
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What’s an employer to do !?!
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COMPENSATION TRACKER | stay competitive with real time tracking
stay competitive with real time tracking
| COMPENSATION TRACKER
The Solution: Stay Competitive With Real Time Tracking
Constantly Updated
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.
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.
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.
Worldwide Reach
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.
users from around
1) Rigzone
the world submit salary data
team reviews salary
2) Rigzone’s
submissions to remove any
bad data
20,000+ 700+
Reponses from Nov 2009 - Nov 2010
New responses per week
approval, new salary data
3) After
is available for reporting
Detailed & Segmented Results
Five Years of Historical Data
In 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:
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.
details on background
& career level:
over 90 different job functions
details on current work situation:
• company size
• education
• work region
• experience
• onshore/offshore split
• management level
• work schedule
• citizenship
Salary Survey Responses per Year
30k
25k
22k
18k
In addition, while data was previously collected
during the 3rd & 4th quarters, it is now collected
on an ongoing basis throughout the year.
7k
• residence
2006
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Rigzone.com
2007
2008
2009
2010
Projected
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COMPENSATION TRACKER | stay competitive with real time tracking
stay competitive with real time tracking
| COMPENSATION TRACKER
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 Data
1.2
750
emails per week
Rigzone Members
279
170
508
active resumes
new resumes
unique visitors
each week
each month
335
17%
1
active email subscribers
in members
9
million
page views per month
thousand or more thousand
By 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
million thousand
thousand growth
million
visits per month
year over year
• and more
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COMPENSATION TRACKER | stay competitive with real time tracking
stay competitive with real time tracking
The Stats: A Look at the Compensation Data Being Collected
| COMPENSATION TRACKER
Compensation Data by Job Function
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 Region
With 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.
$120,000
$100,000
$80,000
$60,000
$40,000
Europe
$20,000
-5.4%
Far East
+0.3%
North America
-4.8%
$-
Drilling
Engineering
Drilling
Africa
+4.2%
South America
+5.1%
Region
Africa
Australia & Oceania
Central Asia
Europe
Far East
Middle East
North America
South America
Southern Asia
Responses
Job
Titles
2010
Avg Salary
2,562
606
871
1,715
784
2,913
8,100
1,421
1,121
95
87
93
95
89
96
97
91
93
$ 104,000
$ 109,000
$ 88,000
$ 89,000
$ 110,000
$ 91,000
$ 95,000
$ 99,000
$ 92,000
Rigzone.com
Percentage
Change
4.2%
-12.8%
-2.3%
-5.4%
0.3%
5.4%
-4.8%
5.1%
3.4%
HSE
2010 Avg $119,000
Maritime
Mgmt/Support
Engineering
Oilfield
Service
Production
512
responses
Mechanical Engineer
542
responses
Driller
482
responses
Petroleum Engineer
511
responses
Directional Driller
367
responses
Electrical Engineer
425
responses
Foreman or Superintendent
314
responses
Maintenance Engineer
379
responses
Toolpusher
311
responses
General / Other Eng.
344
responses
Plus 7 More
1183
responses
Plus 13 More
1914
responses
All Drilling Jobs
3169
responses
All Engineering Jobs
4115
responses
2010 Avg $87,000
Production
2010 Avg $90,000
MWD/LWD/Logging
418
responses
Production Operator
486
responses
Field Service Tech
363
responses
Workover or Completion
259
responses
Mud Engineer
310
responses
Offshore Worker
182
responses
Cementing
174
responses
Operations Manager
171
responses
Plus 12 More
997
responses
Plus 3 More
187
responses
2262
responses
All Production Jobs
All Oilfield Service Jobs
Maritime
2010 Avg $95,000
Trades
1295
responses
2010 Avg $84,000
Captain
369
responses
Mechanic
395
responses
Dynamic Position Officer
330
responses
Electrician
375
responses
Ships Engineer
147
responses
Elec. or Instr. Tech
372
responses
Plus 9 More
All Maritime Jobs
Geoscience
477
1323
responses
Plus 8 More
responses
All Trade Jobs
2010 Avg $94,000
HSE
651
responses
1793
responses
2010 Avg $83,000
Geologist
448
responses
Safety Officer
659
responses
Geoscientist
273
responses
Safety Engineer
241
responses
Plus 3 More
192
responses
Plus 5 More
1132
responses
All Geoscience Jobs
921
responses
All HSE Jobs
1707
responses
Rigzone.com
Trades
2010 Avg $95,000
Drilling Consultant
Oilfield Service
8
Geoscience
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COMPENSATION TRACKER | stay competitive with real time tracking
stay competitive with real time tracking
The System: Inside the Compensation Tracker Online System
| COMPENSATION TRACKER
Job Title
Overview Report
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.
Get a global overview for a given
job, with results broken out by
experience, education, region,
company size and more.
Focused Executive
Summary
Create an easy-to-digest
2-page report that provides a
complete compensation overview 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.
Detailed
Response List
See specific responses to
take a detailed look at the
underlying data.
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COMPENSATION TRACKER | stay competitive with real time tracking
stay competitive with real time tracking
| COMPENSATION TRACKER
The Reports: One-Time Reports To Be Emailed or Printed
The Purchase: Getting The Compensation Data You Need
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.
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.
Standard Reports
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].
Based 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
Compensation Tracker Online System
• Get complete access to all 90 + job titles
• Or access to data for individual job titles
Standard One-Time Report for a Single Job Title
• work region
• company size
• Quantity discounts available
when ordering five or more reports
• onshore/offshore
experience
A detailed list of responses
for the requested job title
Custom Reports
• Pricing varies depending on requirements,
please call us to discuss your needs and get a quote.
Custom Reports
In 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.
Need More Information
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.
Email: [email protected] T: +1 (281) 345.4040 F: +1 (281) 345.4848
Address: 5870 Hwy 6 N, STE. 107 Houston, TX 77084
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