The oil and gas industry is hiring again (nsfw maybe)

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The oil and gas industry is hiring more than it’s letting go for the first time in three years, a new report from recruitment firm NES Global Talent and Oilandgasjopbsearch.com shows. This is the latest sign of recovery in oil and gas after the 2014 price crash, reinforcing the belief that a lot of oil and gas companies have successfully adjusted to the new level of oil prices, which is still more than 50 percent below the 2014 highs. The report’s authors surveyed more than 3,000 oil and gas employers as well as almost 7,000 employees, and found that an impressive majority of 60 percent of employers had plans to hire significantly more people over the next 12 months. In fact, NES Global Talent notes, 2018 will be the first year since 2014 in which there will be more new hires in oil and gas than layoffs. In the last three years, more than 440,000 jobs were wiped out in the industry, but now 17 percent of employers surveyed plan to raise their workforce by over 10 percent, with another 19 percent planning to increase workforce by 5-10 percent in the next 12 months. Only 11 percent of employers have further layoff plans.

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