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    Singapore Salary

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    cyuenk
    The document discusses the job market and salaries in the oil and gas sector in Singapore. It notes that the oil and gas industry accounts for about 5% of Singapore's GDP and the country is a hub for this sector. Demand was high over the past year for subsea specialists and business development managers. Professionals with safety, quality and project management experience are highly sought after. Average salary increases of 10-15% for job changes and 5% for staying are expected. Demand will remain strong across all levels and areas of the oil and gas sector.

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    Singapore Salary

    Uploaded by

    cyuenk
    25 views4 pages
    The document discusses the job market and salaries in the oil and gas sector in Singapore. It notes that the oil and gas industry accounts for about 5% of Singapore's GDP and the country is a hub for this sector. Demand was high over the past year for subsea specialists and business development managers. Professionals with safety, quality and project management experience are highly sought after. Average salary increases of 10-15% for job changes and 5% for staying are expected. Demand will remain strong across all levels and areas of the oil and gas sector.

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    Singapore salary

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    The document discusses the job market and salaries in the oil and gas sector in Singapore. It notes that the oil and gas industry accounts for about 5% of Singapore's GDP and the country is a hub for this sector. Demand was high over the past year for subsea specialists and business development managers. Professionals with safety, quality and project management experience are highly sought after. Average salary increases of 10-15% for job changes and 5% for staying are expected. Demand will remain strong across all levels and areas of the oil and gas sector.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    25 views4 pages

    Singapore Salary

    Uploaded by

    cyuenk
    The document discusses the job market and salaries in the oil and gas sector in Singapore. It notes that the oil and gas industry accounts for about 5% of Singapore's GDP and the country is a hub for this sector. Demand was high over the past year for subsea specialists and business development managers. Professionals with safety, quality and project management experience are highly sought after. Average salary increases of 10-15% for job changes and 5% for staying are expected. Demand will remain strong across all levels and areas of the oil and gas sector.

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    SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES

    HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE

    OIL & GAS

    25

    SALARY & EMPLOYMENT FORECAST 2012/13

    OIL & GAS


    Market overview
    The job market within the oil and gas sector performed positively over the last 12 months, largely driven by the fact that it is a key industry within Singapore and South East Asia. Singapore has established itself as a hub for the oil and gas industry, which now accounts for about 5% of the countrys GDP. It also has a strong downstream sector and is a leading producer of rigs and floating prodction storage and offloading (FPSO) conversions. In addition, Singapore is home to many of the worlds major oil companies, equipment manufacturers, offshore service providers and engineering, procurement and construction (EPC) organisations, and all of these companies are seeking specialist oil and gas professionals. Subsea Specialists were in high demand over the past year, due to the requirement for skilled professionals to assist in the quest for harder-to-reach oil and gas reserves. Business Development Managers were also in demand as existing oil and gas manufacturing and oilfield service companies expanded their operations or built new facilities in Singapore, or new companies set up commercial offices in the country. Hiring activity is currently steady across the oil and gas market as the need for talented professionals is a focus for many companies across the region. However, due to the increase in talented oil and gas professionals in the region, expat packages are now very rare and the preference is for local candidates. Professionals with safety and quality experience are currently highly sought-after to help companies meet the high demands and strict safety and quality regulations in the oil and gas industry. Project management professionals (PMP) are also required to manage high value and complex projects, as are Project Engineers with the technical knowledge required for specific projects. Professionals in positions such as Quality, Health, Safety and Environment Managers, Project Managers/ Engineers, Process Engineers, Subsea Specialists and Project Controls are in the highest demand. Experience is sought at all levels due to the ever increasing focus on the oil and gas sector in South East Asia. Average salary increases for oil and gas professionals over the coming year are expected to be between 10% and 15% for employees changing companies and around a 5% increase for those staying with their current employer. Above average salary increases will be driven by employer demand, and offered to professionals that possess skills in highest demand. Employers will look at bonuses as an employee retention tool, in particular the Annual Wage Supplement plus variable bonus components. Continued recruitment activity is anticipated within the oil and gas sector over the coming year due to the maintained focus on the Asian market from global oil and gas companies. Demand will be strong for professionals across all areas of the oil and gas sector and at all levels. The challenge for most companies moving forward will be the battle to attract the best talent from the limited pool of oil and gas candidates available in the region at the right price. The influence from China will also impact the market moving forward as the country continues to increase its competence in providing services to the oil and gas market across the broader Asia region. To secure talent, companies will continue to offer attractive remuneration packages, especially when winning new projects, and will also look at offering more incentives and career development frameworks to retain their best people.

    26

    SALARY & EMPLOYMENT FORECAST 2012/13

    OIL & GAS


    Salary tables

    Oil & Gas


    Experience Salary 3 to 5 Years $'000 5 to 10 Years $000 10 to 15 Years $000 More than 15 years $000

    Electrical Engineering Business Development/Technical Sales Process Engineering Mechanical Engineering Structural/Civil Engineering HSE/QHSE QA/QC Proposal/Tender/Contract Engineer Subsea Drilling Project Management Geosciences

    4590 40100 5080 5085 5095 6090 6090 6090 6090 60100 7095 70100

    85125 70160 75125 80120 80120 95155 95155 90140 85140 100160 80145 90150

    115165 140220 110165 120160 120160 140180 140180 100180 140175 140250 120250 135190

    160+ 160+ 160+ 160+ 160+ 180+ 180+ 180+ 180+ 180+ 180+ 180+

    Please note: 1. Salaries indicated are based on an annual basic salary, excluding bonus/incentive schemes. 2. Market rates are becoming much less uniform. While we have taken great care, these salary ranges can only be approximate guides, as there are often specific circumstances relating to individual companies. Please call us for additional information.

    27

    SALARY & EMPLOYMENT FORECAST 2012/13

    SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE

    SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE

    HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES

    LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY

    SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE

    HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY CHAIN SALES TECHNOLOGY FINANCE LEGAL MARKETING FINANCIAL SERVICES

    LEGAL MARKETING FINANCIAL SERVICES OIL & GAS PROPERTY & CONSTRUCTION HUMAN RESOURCES HEALTHCARE & LIFE SCIENCES PROCUREMENT & SUPPLY

    contact us
    Singapore - Raffles Place
    One Raffles Place Office Tower 2, #09-61 Singapore 048616 Tel +65 6533 2777 Fax +65 6533 7227 enquiries@michaelpage.com.sg

    www.michaelpage.com.sg

    Worldwide leaders in specialist recruitment


    www.michaelpage.com.sg

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