global construction sector market trends - 2015

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Construction Sector Market Trends April 2015

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Page 1: Global Construction sector market trends - 2015

Construction SectorMarket Trends

April 2015

Page 2: Global Construction sector market trends - 2015

Introduction to WRS

• Global recruitment specialists within the Construction, Oil & Gas, Mining,

Maritime and Power industries.

• Our head office is based in the UK; in 2014 we opened our 1st overseas office in

Kurdistan, early 2015 saw us open up in Singapore and we will be on the ground

in Houston, Texas before the end of 2015.

• Technically skilled permanent / contract staff

• We live and breathe our values of Integrity, Pride, Hard Work and Expertise

• £31.5m turnover in 2014

• Placed candidates in 50+ countries worldwide

Page 3: Global Construction sector market trends - 2015

Sector and Market Knowledge

• Each year we visit key clients and regions

• Establish more in-depth client partnerships

• Build market awareness and consolidate third party relationships

• Attend industry conferences, trade fairs and exhibitions

• Dedicated teams to cover specific regions and skill sets:

• Latin America, North America, Europe, Africa, Asia Pacific, Middle East

• Developed an international service / in-depth market knowledge

• Market trends analysis – sector specific

• Customer buying behaviours

• Market Trends Survey of over 5,300 job seekers

• Salary & Benefits Survey of over 2260 job seekers

Page 4: Global Construction sector market trends - 2015

Construction Disciplines Worked in

18.8

16.9

159.9

7.5

6.8

4.74.2

3.33.3 2.82.4 2.4

2.4

Project ManagementEngineering

Site & construction Management

HSEQ

Procurement & Logistics

Operations & Maintenance

QS

Commercial Management

Business Development

Admin

Finance

HR

Executive

Architecture

% of Responses

Key Facts

• 38.7% work contract, 61.7% are permanently employed

• The average annual Project Management salary is USD24,534• The average annual Engineering salary is USD35,320• The average annual Site & Construction Management salary is USD61,188

• Top benefits actually received across all disciplines are Bonus, Healthcare, IT Equipment then Accommodation Allowance

• The most popular benefits amongst respondents are Healthcare, Flights to/from point of hire, Bonus and Life Insurance

Page 5: Global Construction sector market trends - 2015

Demographic of Age Groups

36.75

26.5

19.66

11.113.42

1.7

0.85 35-44

25-34

45-54

55-64

65-74

18-24

75+

• Just 17% of respondents were 55+• Only 6% were 65+

% of Responses

Of the 35-44 age group:

• 23% work contract, 77% are permanently employed

• The average annual salary is USD246,156• The average day rate paid is USD844

• Benefits actually received are Bonus, IT Equipment, Healthcare, then Company Car/Vehicle

• The most popular amongst respondents are Healthcare, Bonus, Contributory Pension then Flights to/from Point of Hire

Page 6: Global Construction sector market trends - 2015

Number of Years’ Experience

19.6

18.7

15.913

13

11.28.4

25+6-10

16-20

3-5

11-15

21-25

Up to 3

% of Responses

Of those with over 15+ years’ experience

• 46% work contract, 54% are permanently employed

• The average annual salary is USD 200,240• The average day rate paid is USD 829

• Most popular actual benefits received are Bonus, then Healthcare with IT equipment then Accommodation Allowance

• Respondents favour the following benefits – Healthcare, Bonus, Flights to/from point of hire and then Life Insurance

Page 7: Global Construction sector market trends - 2015

Highest Level of Qualification Achieved

29.06

23.0818.8

16.24

3.42 3.422.56

2.56

0.85 Degree

College Diploma/Certificate

Masters Degree

Honours Degree

School qualification

MBA

Vocational

Professional/Chartered

Doctorate

Of those with a degree level qualification or above:

• 34.2% work contract, 65.8% are permanently employed • (For those who have no degree the split is 50/50 for type of employment)

• The average annual salary is USD 52,927• The average day rate paid is USD 584

• Benefits actually received: Bonus, Healthcare, Accommodation Allowance, Life Insurance , Company Car/Vehicle

• The most popular benefits amongst respondents are Healthcare, Bonus then Flights to/from point of hire

% of Responses

Page 8: Global Construction sector market trends - 2015

Most Popular Benefits Offered Worldwide

17.1

14

11.9

10.39

8.1

7.4

6

5.53.72.9

2.11.3

1.3

Bonus

Healthcare

IT equipment – Phone/laptop etc

Accommodation allowance

Company car/vehicle

Flights (To/from point of hire)

Contributory pension

Relocation allowance

Other

Life insurance

Schooling/childcare subsidy

Hardship allowance

Gym membership

Shares

% of Responses

Other Observations:

• 2% of respondents receive no benefits

• Car and travel allowances offered in SA

• Cell phone airtime offered in both Nigeria and SA

Page 9: Global Construction sector market trends - 2015

Benefits Rated as Extremely Important

66.3

50

43.8 42.238.6

36.7 36.7

31.9 30.8

Healthcare

Flights (To/from point of hire)

Bonus

Life insurance

IT equipment – Phone/laptop etc

Contributory pension

Relocation allowance

Accommodation allowance

Company car/vehicle

Other benefits:

• 35.4% of respondents rated Schooling/Childcare as the least important

• 43.9% rated Gym Membership as unimportant

• 36.9% rated Hardship allowance as neither important or unimportant while 16.6% rated it of no importance at all

• 23.6% also rated Shares as neither important or unimportant

% of Responses

Page 10: Global Construction sector market trends - 2015

Benefits Offered vs Benefits Preferred

14

8.1

17.1

3.7

11.97.4 6

10.3 9

66.3

50

43.8 42.238.6 36.7 36.7

31.9 30.8

% of Responses

Offered Preferred

Page 11: Global Construction sector market trends - 2015

Split of Contract vs Permanent Employees

38.7

61.3

Contract

Permanent26.8

24.422

14.612.2

6 months or less7-12 months

13 -24 months

36 months +

25 - 36 months

Split of Contract Length

Of those working on contracts up to 12 months duration:

• The average day rate paid is USD 165

• Actual benefits received are, in order of popularity, Bonus, Accommodation Allowance, IT Equipment, with Healthcare and Flights to/from hire equal

• Most popular benefits are Flights to/from point of hire, Healthcare, Company car/vehicle with Bonus and Accommodation Allowance rate equal fourth

% of Responses

Page 12: Global Construction sector market trends - 2015

Benefits for Permanent Employees

37.6

31.6

23.9

18 18 18 18

12

8.66

4.3 4.3

0.9

BonusHealthcareIT equipment – Phone/laptopAccommodation allowanceContributory pensionCompany car/vehicleLife insuranceFlights (To/from point of hire)Relocation allowanceSchooling/childcare subsidyGym membershipSharesHardship allowance

Of those permanently employed:

• Top 4 most popular benefits as rated by respondents are Healthcare, Contributory Pension, Bonus followed by Life Insurance. The least popular were Gym membership and Schooling/childcare subsidy

% of Responses

Page 13: Global Construction sector market trends - 2015

Split of Continent respondents Working On

56.0319.83

18.1

2.591.72

1.72

Africa

Asia

Europe

North America

Oceania

South America

% of Responses

Page 14: Global Construction sector market trends - 2015

Geographic Split of Respondents by %

66.633.3

Canada USA

23.8

14.3

9.59.5

9.54.8

4.8

4.84.8

4.8

4.84.8

UKPoland

Germany

Ireland

Italy

France

Netherlands

Romania

Serbia

Belgium

Denmark

Finland17.86

17.86

10.717.147.14

7.14

7.14

3.57

3.573.57

3.573.57

3.57

3.57

QatarUAEAfghanistan

India

Iraq

Saudi Arabia

Singapore

Kazakhstan

Kuwait

Malaysia

Mongolia

Oman

Philippines

Asia

Europe

% of Responses

Page 15: Global Construction sector market trends - 2015

50

10.94

9.38

4.69

4.69

3.13

3.133.13

3.133.13

1.561.56

1.56

South AfricaMozambiqueNigeriaCameroonKenyaAlgeriaAngolaBotswanaLiberiaNamibiaIvory CoastMoroccoTunisia

Focus on Africa

Countries worked in

Split of South African Provinces worked in

% of Responses

Page 16: Global Construction sector market trends - 2015

Annual Salary Bands for SA Rand Paid Employees

25

21.9

15.6

15.6

12

3.1 3.1 3.1

R530,001-700,000

R700,001-880,000

R350,001-530,000

R1,050,001-1,230,000

R175,001-350,000

R1,230,001-1,410,000

R1,410,001-1,580,000

R1,760,001-2,230,000

% of Responses

Page 17: Global Construction sector market trends - 2015

Currencies in Which Salaries Are Paid

26.3

26.315.8

10.5

10.55.3 5.3

British Pounds Sterling (GBP)Euro (EUR)US Dollars (USD)Nigerian Naira (NGN)South African Rand (ZAR)Australian Dollars (AUD)

Day Rates

Annual Salaries

52.422.2

19

3.21.61.6

South African Rand (ZAR)

US Dollars (USD)

Euro (EUR)

Nigerian Naira (NGN)

Australian Dollars (AUD)

British Pounds Sterling (GBP)

% of Responses

Page 18: Global Construction sector market trends - 2015

Respondent Feedback on Construction Market

• Respondents were asked: With regard to job opportunities and

salaries offered within the country you currently work what do

you predict in 2015?

51.8

21.9

19.37.02

An increase in the next 12months

They will stay the same over thenext 12 months

Not sure

A reduction in the next 12months

% of Responses

Page 19: Global Construction sector market trends - 2015

Next Steps

If you would like more information on our Construction Sector

survey, or require assistance with recruiting for this market,

then please contact our dedicated team of consultants.

Likewise, if you are thinking of making a career change and require

support in sourcing your next role in Construction, please

view our latest jobs or get in touch with our team.

Phone: +44(0) 161 926 2525 Email: [email protected]

www.worldwide-rs.com