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A survey by Naukrigulf to gauge the hiring trends for the next quarter, conducted with about 20+ recruiters from the Oil and Gas sector, has revealed decidedly positive sentiments. Firms in this space were the most optimistic set of recruiters in the region with 83% of them saying that new jobs will be created in the coming quarter. Most of these opportunities will be for the 4-8years experience levels.
At a time when most recruiters from other sectors predicted layoffs, none from the Oil and Gas sector said that this will occur in their space, and only 5% said that there will be no hiring in the coming quarter.
Tarun Aggarwal, Business Head, Naukrigulf.com said, "We are happy to see positive sentiments in the Oil and Gas industry. Energy has a robust demand and with rates well above the budgeted figures, we expect a sustained or even increased hiring patterns in the mid-term."
The survey also revealed the increments organizations in the Oil and Gas sector gave out to their employees in 2012. 28% of the recruiters surveyed said that the range of increments were within the range of 5% and 10%; while roughly 14% recruiters said that they gave no increments.
The widening gap between demand and supply for the talent workers has become a leading cause of worry across sector. 56% of recruiters who took the survey said that they face a talent crunch while hiring their employees and most of them said that it is most difficult to hire talent at the 8-15 years experience level. Also, about 46% said that Arab nationals are difficult to hire.