Want to know what the year 2006 brings in terms of compensation?
Answer: Radical Salary Increases Within Unexpected Job Types!
August 3 2006 - McNeil Group Inc., a Calgary Human Resource
consulting company, conducts compensation studies each year. The 2006 Oil &
Gas - Service Industry report provided startling changes to several unexpected
job classes. The most incredible change in the 2006 market is that we are
finding it more difficult to recruit and retain junior administrative
personnel; it is easier to find a Vice President than it is to find a
qualified receptionist.
In 2006 we experienced a significant jump in most base salaries; the
average increase in our survey was 8.06%. The biggest surprise occurs in
junior administrative, human resources and finance positions. Human Resources,
for example, increased by over 30% in base compensation; this trend appears to
be linked to a chronic shortage of qualified workers in Alberta. This leads
companies to attract and retain key talent, which usually falls under the
guidance of qualified HR providers. Administrators and accounting clerks also
increased significantly, this again relates to a shortage of qualified
administrators, which means companies pay more to retain the talent. Other
surprising details were the increase in coordinator roles with incredible 40%
increases. Procurement and purchasing staff also increased by 30% and Field
operators of all levels increased by up to 25% of base pay in this year's
survey. It appears that companies are competing tooth and nail to attract and
retain competent staff in all sectors of operations.
Last year we experienced a significant increase in compensation for all
technical positions; Engineers, Geologists, Project Mangers and Drafters. This
year we still see a steady increase of about 12%, yet the non-professional
sector appears to be gaining ground.
Beyond base salary increases, benefits and perks have become all the more
common. Total compensation in all sectors is at the forefront of
organizational challenges and success in 2006. Comprehensive compensation
packages may include such benefits as tuition reimbursement, vehicle
allowances, peer to peer recognition programs, health spending accounts and
professional or recreational club memberships.
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