Oil and gas firms compete for skilled labour
Big signing bonuses offered as international energy firms recruit in Calgary
CBC News
Posted: May 3, 2012 9:40 AM ET
Last Updated: May 3, 2012 9:16 PM ET
Calgary's oil and gas companies are digging deeper to attract skilled workers.
There's a wage war going on, with big bonuses being offered to new recruits just to sign up with a company.
Darcy Spady, who has worked as a petroleum engineer for 25 years in the city, says it was much different when he was starting out.
"Most of my classmates and myself struggled to find a job for 10 years,” said Darcy Spady. Now Spady is managing director of Saint Brendan's Exploration, a small oil and gas company. "We are so understaffed as an industry that there is competition. How do you address competition? Cash, location, lifestyle,” he said.
That often means hefty bonuses — thousands of dollars just to sign on with a company.
And the fight for talent is international. Oil and gas companies as well as mining firms from Australia, New Zealand and Peru are in Calgary this weekend hoping to lure away skilled labour.
Companies that came for the job expo are prepared to compete for the best talent available in cities like Calgary, which is seen in Australia as a "global hub for skills, especially in the oil and gas, engineering and mining sectors," said Rupert Merrick, director of operations for Working In Ltd., the firm the organized the event.
“Salaries are actually higher in Australia,” he said. “When employers come here they’ll actually relocate people to Australia, they’ll take care of the visa.”
But Cheryl Knight , who speaks for the Petroleum Human Resources Council of Canada, said it is not sustainable to get into salary bidding wars.
“In the end we really can't let costs just escalate to infinity ... we have to find other strategies to find and train skilled workers we need,” she said.
The industry is focusing on hiring foreign trained workers and training new graduates more quickly before the baby boom generation starts to retire en masse.
Share Tools
Top News Headlines
- Harper chief of staff resigns amid Senate expense scandal
- Nigel Wright has resigned as Prime Minister Stephen Harper's chief of staff, following revelations he wrote a $90,000 cheque to repay living expenses claimed by Senator Mike Duffy. more »
- Jeep driver apologizes after stunt kills Edmonton woman
- A man claiming to be the driver of a Jeep that struck and killed a spectator at a charity event in Edmonton says he is sorry for what happened. more »
- Senior Pakistani politician Zahra Shahid shot dead
- Voting in Karachi goes ahead a day after gunmen killed a senior member of Imran Khan's Movement for Justice (PTI) party outside her home in Karachi. more »
- US Virgin Islands environment head arrested for drug trafficking
- Federal agents have arrested the top enforcement officer for the U.S. Virgin Islands environment agency on drug trafficking charges after he was allegedly caught with a cache of cocaine on a government patrol boat. more »
Must Watch
Latest Business Headlines
- 1 year later, Facebook stock remains below IPO price
- A year after Facebook's high profile IPO, investors are still skeptical about its prospects and the stock price is wallowing. more »
- IRS's integrity at stake in scandal over screening of conservative groups
- Unloved in the best of times, the Internal Revenue Service will have to scramble to convince U.S. lawmakers and the public that its intentions were pure, not partisan, when it subjected groups affiliated with the Tea Party movement and other conservative causes to special scrutiny. more »
- GM shares close above IPO price for 1st time in 2 years
- Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 US for the first time in more than two years. The day wasn't bad for GM's rivals either, with Ford shares closing above $15 for the first time since May 2011 and Toyota, Honda and Nissan all hitting 52-week intraday highs. more »
- AECL to cost $236M more than expected this year
- A new report from the parliamentary budget officer shows Atomic Energy of Canada Ltd. continues to be a drain on the public purse and will cost an additional $236 million this year. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12613.05 | 105.45 |
| DOW | 15354.40 | 121.18 |
| NASDAQ | 3498.97 | 33.73 |
| SP 500 | 1667.47 | 17.00 |
| TSX-VENTURE | 934.68 | 1.82 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
- Harper chief of staff resigns amid Senate expense scandal
- Spectator killed at Edmonton Jeep event
- Jeep driver apologizes after stunt kills Edmonton woman
- Car drives into crowd at Virginia parade
- Astronaut Chris Hadfield adjusts to 'earthling' life
- Email is proof Senate greenlit expenses, Brazeau says
- Toronto Mayor Rob Ford cancels weekly radio show
- Senior Pakistani politician Zahra Shahid shot dead
- Iran hangs 2 men convicted of spying

