Falling oil prices adding talent to recruiting pool in Oil and Gas industry

As one of the leading Oil and Gas executive search firms, Key Corporate Services follows the industry closely. As you can imagine, the falling prices of a barrel of oil has had an adverse affect on hiring in the industry.

Rigzone, an online Oil and Gas Industry site, recently published a survey of hiring managers and recruiters who recruit oil and gas professionals across the globe. The results show an industry grappling with the falling oil prices by being cautious in hiring.

“Many companies are continuing to scale back on hiring plans due to ongoing market volatility and low oil prices. Polling industry hiring managers from across the globe, 47% of survey participants indicated that they reduced their hiring plans in the past three months, while an additional 16% said they had halted their hiring plans completely for the time being.”

While the survey did show some scaling back in hiring, any recession in this industry is expected to be short-lived.

But there is some silver lining to be found in this dark, ominous cloud hovering over the industry. With a lot of people out of work, it’s a great time for those companies still hiring to find great talent.

At Key Corporate Services, we see current market conditions as an opportune time for both companies who are hiring and candidates looking to make a move.

Our industry specialists welcome the opportunity to find your perfect match.

From The Key Corporate Services Blog Team