It’s been widely reported that 2020 represents a ‘Perfect Storm’ for those of us who rely on the UK Energy industry for a living. The combined effects of Covid-19, Oil Price Crash, Environmental Pressures and our ageing industry infrastructure have caused many to question the very future of our domestic Oil & Gas industry. Having only begun to recover from the previous crash the government’s furlough scheme and other industry support measures have largely only delayed the mass redundancies we all feared.
What has never been in doubt is the range and volume of exceptional talent that exists in our industry. While permanent staff jobs may be in short supply for some considerable time, the industry will still require skills and experience as we emerge from the storm and will turn initially to the contractor market to fill the immediate need.
We have already seen a significant move towards the ‘gig economy’ in recent years, more than doubling in size between 2016 and 2019, and this growth was widely predicted to continue. The anticipated move toward increased utilisation of a professional freelancer model within the Energy industry will only, in my view, be accelerated by the effects of the current pandemic.
As such, if you haven’t already, isn’t it time to take control of your own destiny?
Even for those who value the perceived “security” of a permanent staff job I would still recommend that you take the steps to set yourself up as a freelancer. It may provide the step into the permanent job you are looking for or you might find that the flexibility and variety offered is actually an attractive, long term, option for you after all.
Having taken the jump into the unknown myself 12 months ago, and never looked back, I would recommend the following simple steps:
Worth being aware that, with the proposed changes to IR35 legislation still hanging over us, some clients may only offer contract positions on a PAYE, rather than Limited Company basis.
We at Nudge are in the process of building a revolutionary platform, with the support of The OGTC TechX Programme, to seamlessly manage the entire contracting process from sourcing assignments through to getting paid. In the mean time we have created the ‘Nudge Community’ LinkedIn Group to share contracting opportunities and industry insights. If you’re already an established freelancer or simply considering taking the step please join the community and register your interest in the Platform, due for launch later this year, at www.nudgeexchange.com.
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