Study: Shipping Employees Concerned About Job Security

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November 16, 2016

Photo: Mike Schuler

More shore-based employees in the shipping industry are concerned with their job security than ever before, according to research conducted by international maritime jobs specialist Halcyon Recruitment and online training provider Coracle.

The findings, revealed today in Holcyon’s Maritime Employee Survey, now in its eighth year, are based on nearly 3,000 responses. The study found that 63% of participants were concerned about their jobs and that more expected to change jobs in the next 12 months than ever before. 

According to the study, confidence in shipping jobs right now is in an all-time low in the 8 years the survey has been running, primarily due to the depressed shipping markets. 

Responses were drawn from all the key maritime centers and included respondents representing all the major trades working in both commercial and operational roles. 

“The results this year are unlikely to surprise most, as shipping markets have been, and continue to be, depressed,” commented Heidi Heseltine, Halcyon Recruitment Chief Executive Officer. “Save for some short-term improvements, there is no evidence to suggest any notable change on the horizon in the next 12 months. With a severe lack of promotion and advancement opportunities, morale is low and one of the leading reasons for dissatisfaction among employees in their current role.”

Looking specifically at the potential impact of Brexit, Heidi went on to report:

“With the impact of Brexit still remaining to be seen our participants found that no positives could arise from Brexit. The results revealed that respondents perceive the biggest negative as being the impact of business tariffs on trade between the UK and EU, followed by the potential of employers relocating their business.”

Among other key findings, the survey also found 37% of respondents are considering a job change within the next year, and a further 25% within two years. Meanwhile 38% of respondents have received a salary increase, and 49% have received a bonus in the last 12 months (both significantly down from 2015). 

Those working in the technical/health and safety markets are faring best with 53% receiving a salary increase and 60% a bonus, according to the study.

The tanker segment is one of the more positive markets with 56% receiving a bonus and 42% a pay increase.

You can download the full report HERE.

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