Cost Insights
by PowerAdvocate

Intelligence for energy companies seeking a data-driven approach to cost management

[Video] Oil & Gas Labor Market Update

August 26, 2016 at 5:11 PM / by Energy Intelligence Group

With billions of dollars of Oil & Gas projects still in the forecast, craft labor markets are becoming more and more constrained. And at the same time that demand for labor is rising, supply of skilled laborers has declined drastically and benefits & health care costs have risen to new highs.

The result is an especially challenging labor market for Oil & Gas firms working with welders, equipment operators, electricians, pipefitters, carpenters, and other craft laborers.

In our latest Labor Market Update, we share:

  • Why labor market supply has plummeted since the recession and which sectors are experiencing the greatest hit
  • Where supply/demand dynamics are expected to result in the greatest risks
  • Which wage build-up components you can negotiate against in service RFP's
  • And lots more...

Interested in viewing the labor update? Click here to access the brief 20-minute recording:

View Labor Update

 

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