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Editor's Intro |
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While researching the topic for this month's newsletter, I
came across a few websites that claim to provide up to date online salary surveys for
most places in the world, for free. One of them in particular impressed me
with its ease of use and the fact that a few random entries for Port of Spain,
Trinidad & Tobago, actually look reasonable. I even signed up with
them to provide this service from our websites.
However, when I played around a bit more, I was amazed
to find that it gave salaries (broken down by our cities of Port of Spain and
San Fernando) for every job category in its extensive list, including such
uncommon careers as archivist, chimney builder and horse exerciser. They
claim that "these numbers are derived from real,
area specific, survey data".
It seems that you can't believe even the most convincing
of websites. Perhaps we will consider developing our own salary data
instead. Is this something you might find useful? If so, what
criteria should we use?
CRS can query our recruitment database for actual
salaries currently being earned by candidates with particular education and
experience.
This has proved helpful to many clients who want to know what to offer to make
their jobs attractive to the best talent. Let me know if you are
interested in our customised salary survey service.
NOTE: Back issues of CRS NEWS are published at
http://www.crsoilandgasjobs.com/Newsletter.htm.
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 It is natural to want to know whether or not you are
adequately paid for the job you do. Companies also want to know whether
they are underpaying their staff so that they don't lose people to much better
paying jobs elsewhere. On the other hand, if staff are overpaid then this is
at a cost to company profits. It's a delicate balance of getting the best
resources for an affordable price.
Of course there are other factors that can make a job desirable and I wrote
about this in a previous newsletter
http://www.crsoilandgasjobs.com/Newsletters/Newsletter%20O&G%201-2.html .
Salary surveys are a useful tool to gauge what someone
with a given job title and defined education and experience should be earning.
Employees can certainly use this information to support their case for salary
increases. However, the data provided in salary surveys is just a guide
and is subject to inaccuracies.
For instance, how was the salary data gathered and how
long ago, and how many were surveyed?
Salaries are rising quite rapidly for technical staff in
Trinidad, particularly in the Energy sector, because of the booming economy. It's not helpful to be guided by a survey that was taken a year
or more ago, as the data is out of date.
Salary surveys are always organised by job title.
Yet, the meanings of job titles may be inconsistent. For instance, someone may
claim a title of project manager
but he is really a senior technician. His salary of TT$7,000/month may
get lumped in with a senior project manager with a salary of TT$30,000/month.
You can see how the average salary for a project manager could get seriously
skewed here.
Salaries also vary widely according to the company and
industry that employs people. An engineer working for a wealthy oil
company will earn considerably more than one working for a construction
company - this is just a fact of life that some can afford to pay more.
Also, someone working in a large company may well have more complex duties to
perform than a similar position in a small or medium-sized company, and this is
reflected in a higher salary.
Another important factor is the number of people in the
survey. Trinidad is pretty small in terms of population. If there
were only 2 people in the survey with the title project manager and they both
worked for salaries of $20,000 and $30,000, say, then the salary
range for project manager would show as $20,000 - $30,000, when in fact there
are many earning $15,000 or so elsewhere.
So, while salary surveys are certainly interesting to us
all personally and to those who have to decide what salaries to pay, you have to
be very cautious about using them as your main source of information. As
mentioned above, we at CRS can help by querying our recruitment database for
actual salaries currently being earned by candidates with particular education,
experience, etc.
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We would love to hear what you think of this issue of
CRS News. And of course, if you have any suggestions for upcoming issues that
you would like to share with us, please send those too.
Comments, suggestions, feedback?
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LOOKING FOR A QUICK, CONVENIENT,
INEXPENSIVE YET HIGHLY EFFECTIVE WAY OF TESTING THE SUITABILITY OF
PERSONNEL FOR THEIR JOBS?
Have a look at this renowned UK psychometric test, now
available online
Online
Psychometric Testing
Caribbean Resourcing Solutions Ltd (CRS)
www.crsoilandgasjobs.com
.... a leading provider of technical resources for permanent and contract jobs in the Caribbean
and elsewhere in the world. We are based in
Trinidad & Tobago.
We also do technical recruiting for Information Technology
professionals.
http://www.crsitjobs.com/
© Copyright 2007
Caribbean Resourcing Solutions Ltd.
All Rights Reserved Worldwide.
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In This Issue:
-
Editor's Intro
-
Salary
Surveys
- Tell Us What You Think
-
Subscriptions
- Psychometric Testing
-
Who is CRS?
See
our website for a complete list of JOBS
To find out more about a particular job below, click on the
Job Ref below its description.
New Requirements include:
Planning Engineer (TRINIDAD):-
- To develop the most appropriate method and sequence of
construction operations for a particular project, in conjunction with the site
manager.
- Responsible for the planning and overseeing of the entire programme of work
and must anticipate a contract's demands in terms of labour, materials,
equipment and technical challenges.
Job Ref:AD6
Materials Manager (TRINIDAD):-
- Responsible for overseeing and successfully directing the work
activities of personnel in the receiving, material control and distribution
functions.
Job Ref:AD4
Senior Mechanical
Engineer (TRINIDAD):-
Provides assistance to Operations Department in trouble-shooting,
failure analysis, investigations, performance evaluation and reliability
assessment of plant equipment.
Job Ref:AD3
Senior I&E Engineer (TRINIDAD):-
Provide I&E engineering, quality control and verification of design
basis, for all aspects of the basic engineering at the front end design of
projects and through the detail engineering phase, including analysis and
evaluation of existing plant operations.
Job Ref:AD2
Field Service Engineer (TRINIDAD):-
Provide commissioning, preventive maintenance and troubleshooting
services for the company as well as conducting training of customer personnel.
Job Ref:SJ232
Still urgently required:
Plant Manager (TRINIDAD):-
To manage a small production plant, taking responsibility for the
daily operations of the plant, ensuring that all targets are met.
(Package is
TT$20,000 - $24,000 per month)
Job
Ref:SJ198
Senior E&I Engineer (TRINIDAD):-
To initiate and oversee
Electrical/Instrumentation design engineering activities within the project.
Job Ref:SB67
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...
a leading supplier of technical resources in the Caribbean