global construction sector market trends - 2015
TRANSCRIPT
Construction SectorMarket Trends
April 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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