Maritime Jobs
Monday, February 6, 2023

Report: Job Security an Issue for Maritime Execs

Posted by September 18, 2017

Mark Charman (Photo: Faststream)

Mark Charman (Photo: Faststream)

Maritime recruiter Faststream has surveyed more than 3,000 of the industry’s senior executives for a report examining maritime executives’ thoughts about their careers.

 
“Business leaders and executives have the most dynamic view of the marketplace, but they are rarely asked about their own careers and what they think about working in the maritime sector,” said Faststream CEO, Mark Charman. “This report looks at the views of the employers and not the employees and is the first of its kind which gets beneath the surface to discover what maritime leaders really think.”
 
The report looks in-depth at job security and motivations, pay and reward, becoming a senior executive, leadership and stress.
 
Along with 41 percent of executives planning to move jobs, 52 percent have been worried about their job security at some point over the last two years. “Job security is clearly a real issue when it comes to maritime executives. If you’re concerned about your job you’ll likely be more risk adverse, more conservative and less open to pushing the boundaries. The result could lead to considerable disadvantages for a business if it’s your CEO or executive team feeling this way,” Charman said.
 
Pay and reward was also highlighted as a potential danger area with 38 percent of executives believing they were paid less than their counterparts in other industries and 65 percent indicating that the maritime industry doesn’t pay enough to compete with other sectors for new talent. 
 
Singapore was the standout winner when it came to the future talent pool with 36 percent of executives believing that the Lion City would hold the largest pool of maritime talent over the next 5 years, beating London (12 percent), Copenhagen (10 percent), Hamburg (9 percent) and Hong Kong (5 percent).  
 
Charman presented extracts of the report during London International Shipping Week at Faststream’s ‘Lethal Leadership’ breakfast seminar at Trinity House, London.
Mark CharmanSingapore

Featured Jobs

Crew Manager

Mumbai, Maharashtra, India

Shipyard Project Manager

Allen Marine ToursSitka, Alaska, United States

First Assistant Engineer

Military Sealift Command

Chief Engineer

Galveston, Texas, United States

Seismic Vessel Observer

Drillmar ResourcesTurkey

Ferry Crew Member I - Entry-Level!

NC Department of Transportation Ferry DivisionOcracoke, NC, United States

Assistant Operations Manager

Atlantic Container LinePort Newark, NJ, United States

Assistant Operations Manager - WAF

Atlantic Container LineWestfield, New Jersey, United States

Featured Employers

Drillmar Resources

Drillmar Resources is a recruitment company based in Aberdeen, Scotland. Our core activity is the pr

Military Sealift Command

The Military Sealift Command (MSC) is a United States Navy organization that controls most of the re

Allen Marine Tours

Allen Marine Tours was established in 1970 when Bob and Betty Allen, and their five children, restor

Atlantic Container Line

ACL is a specialized transatlantic carrier of containers, project and oversized cargo, heavy equipme

NC Department of Transportation Ferry Division

We are leading the nation's move to smart transportation. With over 11,000 employees and an annual b