QUOTE(azraeil @ Oct 1 2011, 07:54 PM)
I am relating to you the situation 5 years ago, I know they have changed the salary scheme for technical professionals. The starting pay for fresh grads has increased to 4K now. When I joined the company, it was RM2050 per month, so that's doubled after 15 years. They also implemented during my last 2 years there the technical allowance for specific skill groups such as SKG9, SKG10 (G&G and Petroleum Engineering) where you get a range of allowances for your technical skills (900 for Senior Execs, 1300 for Staff and 2500 for principal etc etc)
When Dato' Shamsul came on-board 2 years ago, he drastically changed the remuneration scheme, those in the technical ladder or in certain critical skill groups are got a 30% pay raise and (I'm not sure about this), a bump in bonuses and skill allowances (though I've heard that have been removed ... not too sure).
My colleague who is at the same skill level as me is earning close to 17K a month now so that was close to 2.5 times the salary when I left 5 years ago so they have changed a lot nowadays.
They have even allowed for ex-Petronas to return on a contract basis (3 years contract IIANM) and the salary is upwards of 30K and above per month. The previous CEO had some sort of vendetta against ex-staff where there is an unwritten rule where any subsidiary is NOT ALLOWED to hire ex-staff (this must be against the labor law but it was done nonetheless). That unwritten rule has been abolished as per the new CEO.
They removed the skill group allowance, and increase about 40%, based on experience and skill group, staffs with 3 years experience and below doesn't affected much.
BUT drilling engineers still getting the scarce skill allowance.
QUOTE(ICDeadPeople @ Oct 8 2011, 11:27 AM)
True. And even if ONG is sunsetting, there is still other unconventional resource that currently picking up rapidly, like coal bed methane and shale gas. So its always opportunity out there. Just you need to be in the right discipline.
Even right now im working in cbm field for client in Australia. A bit different but quite interesting.
I think you are someone that I know...
I know only one company that working on CBM for an Australian company.
QUOTE(azraeil @ Oct 9 2011, 12:54 PM)
I wouldn't say that. Easy oil is getting harder and harder to find and demand for oil is extremely high right now so that's another reason why the price has quadrupled in the last 6-7 years. I remembered 7 years ago when oil price was trading in the 25 USD range and 13 years ago it was trading at USD10 range. A lot of those skill engineers are retiring so getting skilled people is becoming harder thus due to supply and demand, these skilled people are getting paid higher and higher.
When I was in a task force in Petronas, you can see the almost 1-1 correlation with regards to the price of oil and the number of attrition in the skilled personnel that we had. By the time it was 2006, Petronas had lost a total of 1500 skilled personnel to the Middle East/Europe/Other IOC oil companies
Now the Middle East companies re concentrating on Petrochemicals and I know of an entire department (from the managers downwards) that was poached. It was a Cut & Paste operation ... the entire department became the new department in the new company but triple the pay ....
I heard that nowadays Middle East companies lower their requirement (recruitment) from 10yrs -> 7yrs -> and now 5yrs, is that true?