30% rise in daily pay rates for oil and gas engineers
25 Feb 2011
Hemel Hempstead, UK – Daily rates for oil and gas contractors increased by 30% in 2010, according to Matt Underhill, managing director of recruitment firm Hays Oil & Gas to The Scotsman newspaper.
“To have [a pay rate] increase of this level shows the UK oil and gas industry is on a strong recovery curve following the tough times of 2008,” Underhill said in the report.
Contractor day rates are a good indicator of the state of the job market as they reacted quickly to short-term changes in demand for skills, Underhill added in The Scotsman report. This, he said, is positive news for contractors as they can demand higher daily rates due to the shortage of skilled candidates
