Results from the 6th Maritime Employee Survey from Coracle and Halcyon
The official launch of the results of the 6th Maritime Employee Survey is taking place in Singapore on October 3rd.
Now in its 6th consecutive year, this survey of the global shore based maritime market allows you to see how each sector of the industry is faring with respect to salary increases, bonus payments and training and development opportunities.
The teams at Coracle and Halcyon say a big thank you to all of the participants. This year nearly 2,500 people from 94 countries took the time to take part. This is the best response to the survey to date.
There are some really interesting developments this year compared to last years' results. One of the most notable changes within the last 12 months relates to bonus payments. Not only have more respondents received a bonus, but the amount received has also increased.
The Technical / HSE sectors and the P&I / legal / insurance markets have seen the most dramatic increases in bonus and it is the broking / chartering / trading community who appear to be the most dissatisfied.
Salary increases have also become more common with the Asia Pacific region coming out as the leading region for pay rises with 54% of respondents having received one in the last 12 months.
General confidence about job security continues to improve and the number of people changing jobs has remained largely the same, with 79% staying in the same job as they were in 12 months before.
In general terms, the market remains driven by employers rather than employees. However, the results of the survey this year suggest that the tide may be turning as employees have more of a say in their outlook. Nothing is going to change overnight but with notable shortages of skilled candidates in certain sectors and significant numbers of newbuildings due to come to the market, employers need to be paying careful attention to their employee retention strategies if they value the talent they have.
You can find the full results by going to halcyon.mycoracle.com