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Oil & Gas and Mining Salary and Contract Rate Survey - April 2011
After a clear trend of pay rises in late 2010, we have witnessed contract rate increases levelling off in 2011 to date. We expect sustained pay increases however to recommence in the second half of 2011.
In the past twelve months, workers in both the Mining and Oil & Gas sectors have experienced pay rises of 10 to 20% or more. However, increases were mostly achieved during 2010 – with the first months of 2011 seeing pay remain flat (compared with December 2011) or with modest pay rises of 5% or less (especially evident for contract rates).
We predict that with several large projects slated to commence operations in coming months, demand will once again outstrip supply for skilled workers. As a result, salaries and contract rates are likely to rise especially in the second half of 2011.
To download our April Salary & Contract Rate Index click here