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Posted by Jim Fearon, Vice President, on Thursday, Feb 13, 2014
Bringing in skills from outside of Canada continues to contribute to the success of the national oil and gas workforce. In our Oil and Gas Global Salary Guide published this month, it is revealed that the number of employers who hire expat workers in Canada increased by 7.6 per cent year-on-year. Interestingly, 21 per cent of Canadians were working abroad in 2013 indicating that the flow of talent is moving in two directions.
The oil and gas industry has traditionally engaged talent from around the world and as borders are growing increasingly fluid, employers are able to take advantage of the skills and experience from areas outside of North America. In 2013, 3.8 per cent of the imported talent into Canada came from India, 3.2 per cent from the United Kingdom and 21 per cent from the Philippines. Hiring expatriates provides employers with a more diverse set of skills, decreasing workload pressures caused by skills shortages.
Targeting top talent from overseas requires a focused attraction strategy. To make sure your offering is attractive to the right candidate pool, it is vital to understand what professionals in other regions want. The global salary guide details the regional differences in salaries across discipline areas and seniority levels and what benefits are most popular in different areas. For example, locally in Canada, health plans are the number one benefit, however employees in South America value overtime as one quarter of their total earnings and professionals in the Middle East attribute 21 per cent of their total compensation to company paid housing. Knowing these regional differences will lead to successfully engaging the right skills for your business.
At our global salary guide launch events and webinars we will drill deeper into the trends of local and imported talent, breaking down the demographics both globally and by geographically regions. Attend your local event and learn how compensation and benefits differ by region and find out what employers predict for 2014. Furthermore, find out how to utilize this information to impact your international recruitment plans and target the skills you need in your business.