Jump to 2 years contract in Oil n Gas, or remain at permanent office role?

[fieldofroses]

@notaperfectchristian O&G companies usually have very good annual leave allocation. What you're getting on that front sounds quite bad to me. 12 days a year not to mention only 12 days of allowed medical leave a year? This sounds like a very petty O&G company to me. Extra strange since this seems to be a European company. Is this an O&G vendor or an actual O&G company that does exploration and/or production?

You have to factor in your guaranteed bonus, allowances, claimable expenses, and days of annual leave (calculate how much they are worth daily) when comparing current vs new offer's monthly salary.

 

[handlotion]

@fieldofroses This. Thats the worst benefit package I've heard for an O&G company, esp EU based O&G company. They'd give their angmoh staffs good benefits and expect locals to deal with shit benefits. Try to nego the benefits or reject the deal, there's definitely double standards here

 

[tctruongson]

@handlotion Because the benefit is not set by the O&G company but the vendor. It’s 2 different payroll system. Vendor only provides manpower. If OP’s company is what I think it is, the benefit though for Full time staff….

 

[tctruongson]

@fieldofroses Because the benefit is not set by the O&G company but the vendor. It’s 2 different payroll system. Vendor only provides manpower. If OP’s company is what I think it is, the benefit though for full time staff….

 

[rmo2380]

@fieldofroses It’s a contract position. Contracts, vendors of O&G can be quite bad.

 

[debbieelaine]

@notaperfectchristian

1. Your take home pay will be 1.3k more (after taxes) but you will lose out on day to day life (3pm to 12am working hours). However, its not entirely a bad thing as you do have a work from home option.
2. Working hours is entirely up to you. I personally wouldn't care given that you're young and you still have the capability to adjust your hours. The only issue is your social life.
3. Since this role is a contract role, Id say that you will only need to consider if this is going to be sufficient enough to leapfrog.

Play safe - stay.

Play the long game - go.

 

[fieldofroses]

@debbieelaine Does the 1.3k factor in the guaranteed 3 months bonus, RM2000 dental/health claimables, and working an extra 8 days a year (20 vs 12 days leave)

 

[debbieelaine]

@fieldofroses Nope.

 

[notaperfectchristian]

@debbieelaine All in all, as what one of the commenter above mentioned, based on my current package, it will amount to around 89k for 2024 (if bonus remains 3 months), while the new job would be 96k.

 

[apa]

@notaperfectchristian I'd stay

The months bonus would offset the salary bump being offered

 

[thedeconverter]

@notaperfectchristian I work in Oil and Gas Industry with the company based in Scotland and Australia .

Oil and Gas currently Booming and the forecast showing it will be for another 5 year,

It is normal practice for most company in OIL and Gas is only Hiring Contract worker because various reason and one of them of uncertainty in the industries.

Potential role as permanent worker is a Hook Especially if you working remotely and there is a lot of layer before you know someone that actually has the power to make you a permanent worker. But if this is not the case and you actually working in a hub with proper management there is a potential you become a permanent depending on your performance.

Remember, like anything else, a real time GLOBAL issue will affect the industry.

 

[mlorrainee]

@notaperfectchristian For me, jump

 

[tctruongson]

@notaperfectchristian OP, I hope this company is the company that I have in mind.

In my opinion you should nego for higher pay.

However I have to say that contractor does have the opportunity to become full time. If really full time, you will be in good hands.

Also another pro: this will boost your resume a lot if you take up the job. Even at the end of the 2 years if it doesn’t work out, you will have advantage when you apply jobs for energy sector.

 

[notaperfectchristian]

@tctruongson Hahaha I can hint to you that their logo is green/yellow and it doesn't start with P.

 

[tctruongson]

@notaperfectchristian G….green? Then it’s not the company I think of liao

 

[rmo2380]

@notaperfectchristian OP if you do jump, your first priority would be to build up your emergency savings to 6 months salary or even 12 months.

You are a contract for a reason. I had a lot of friends to went unemployed for a very long time because of covid.

 

[morningredsky]

@notaperfectchristian I wouldn't go from permanent to contract unless your annual can get at least 20% bump imo.

If the O&G company is one you are really trying to get into, then sure try it! I have seen a few people who, for example, work as contractor/ vendor with PETRONAS who get absorbed into a permanent post after a manager observes them and realizes they are very good at their job.

 

[ursus1985]

@notaperfectchristian I'll add my 2 cents.

Working those hours are tough. I worked 11 years on shift or standby and it's hell after a while. You miss out on a lot of family and social activities. Is it worth the trade off? This you really need to think long and hard.

I've also jumped from a nice MNC perm position to O&G contract. When times are good, no issues with loans. When times are bad, they avoid you like the plague.

As some others also have shared, when you consider in all the factors (overall package), you might be in a better position now.

My personal take, if I'm OK with current position... I'd get the offer letter and then let my current company counter offer me to nego for a pay raise/bump.

Cheers and good luck!

 

[notbob]

@notaperfectchristian If you look at it from a total remuneration perspective, you may be losing out more with the contract job compared to your current job. Definitely factor in the medical benefits (e.g. outpatient coverage, hospitalisation & specialist).

I would try to calculate and bump on my base salary to make up for the loss in benefits. Plus, the cost of commute, etc.

Personally, I would make a counter offer or just let the opportunity pass.

 

[ovo]

@notaperfectchristian It a contract , n termination penalty within first year , both make it sound like too high risk