The oil giant has been named as Malaysia’s most attractive company for the second year running at the Randstad Employer Brand Award 2017.
Shell Malaysia has consolidated its position as the country’s most appealing organisation for would-be employees.
The oil conglomerate was named as the most attractive employer in Malaysia for the second successive year at the Randstad Employer Brand Award 2017 organised by recruitment firm Randstad.
An impressive 68.89% of all respondents who knew the company said they would like to work for Shell Malaysia.
Trailing closely behind Shell Malaysia were Malaysian Petroliam Nasional Berhad (PETRONAS) (65.69%) and Nestle Berhad (62.01%).
These top three most attractive companies were unchanged from last year.
The results suggest that despite global slowdown of the oil and gas sector, it remains an alluring career choice for the Malaysian workforce.
“We‟re operating at a time that is constantly evolving and we must evolve at lightning speed alongside these changes. Understanding workforce trends and understanding what jobseekers are looking for will help us as industry leaders shape talent power houses of the future,” said Farm Mooi Fung, HR Director, Shell Malaysia.
“We are as strong as our people who have entrusted us as their employer of choice, who have contributed to our efforts to be a responsible corporate citizen in the country, and whom we know will continue to power Malaysia’s progress one way or the other.”
Ryan Carroll, Country Director of Randstad Malaysia, said the fact that Shell Malaysia, Petroliam Nasional and Nestle have managed to retain their top three spots from last year illustrates the “painstaking effort” made by these organisations to cultivate and maintain their employer brands.
“As more and more organisations in Malaysia begin to see the benefits that employer brand has on their talent attraction and retention efforts, it will be very interesting to see how the employer brand strategies from our top three most attractive organisations evolve,” he added.
The Randstad Employer Brand Award, which held its inaugural event last year, is awarded yearly to the most attractive employers in 26 countries worldwide.
The views of over 4,500 employees and job-seekers in Malaysia between the ages of 18-65 were canvassed.
Something interesting to share?
Join NrgEdge and create your own NrgBuzz today
Headline crude prices for the week beginning 10 June 2019 – Brent: US$62/b; WTI: US$53/b
Headlines of the week
Midstream & Downstream
A month ago, crude oil prices were riding a wave, comfortably trading in the mid-US$70/b range and trending towards the US$80 mark as the oil world fretted about the expiration of US waivers on Iranian crude exports. Talk among OPEC members ahead of the crucial June 25 meeting of OPEC and its OPEC+ allies in Vienna turned to winding down its own supply deal.
That narrative has now changed. With Russian Finance Minister Anton Siluanov suggesting that there was a risk that oil prices could fall as low as US$30/b and the Saudi Arabia-Russia alliance preparing for a US$40/b oil scenario, it looks more and more likely that the production deal will be extended to the end of 2019. This was already discussed in a pre-conference meeting in April where Saudi Arabia appeared to have swayed a recalcitrant Russia into provisionally extending the deal, even if Russia itself wasn’t in adherence.
That the suggestion that oil prices were heading for a drastic drop was coming from Russia is an eye-opener. The major oil producer has been dragging its feet over meeting its commitments on the current supply deal; it was seen as capitalising on Saudi Arabia and its close allies’ pullback over February and March. That Russia eventually reached adherence in May was not through intention but accident – contamination of crude at the major Druzhba pipeline which caused a high ripple effect across European refineries surrounding the Baltic. Russia also is shielded from low crude prices due its diversified economy – the Russian budget uses US$40/b oil prices as a baseline, while Saudi Arabia needs a far higher US$85/b to balance its books. It is quite evident why Saudi Arabia has already seemingly whipped OPEC into extending the production deal beyond June. Russia has been far more reserved – perhaps worried about US crude encroaching on its market share – but Energy Minister Alexander Novak and the government is now seemingly onboard.
Part of this has to do with the macroeconomic environment. With the US extending its trade fracas with China and opening up several new fronts (with Mexico, India and Turkey, even if the Mexican tariff standoff blew over), the global economy is jittery. A recession or at least, a slowdown seems likely. And when the world economy slows down, the demand for oil slows down too. With the US pumping as much oil as it can, a return to wanton production risks oil prices crashing once again as they have done twice in the last decade. All the bluster Russia can muster fades if demand collapses – which is a zero sum game that benefits no one.
Also on the menu in Vienna is the thorny issue of Iran. Besieged by American sanctions and at odds with fellow OPEC members, Iran is crucial to any decision that will be made at the bi-annual meeting. Iranian Oil Minister Bijan Zanganeh, has stated that Iran has no intention of departing the group despite ‘being treated like an enemy (by some members)’. No names were mentioned, but the targets were evident – Iran’s bitter rival Saudi Arabia, and its sidekicks the UAE and Kuwait. Saudi King Salman bin Abulaziz has recently accused Iran of being the ‘greatest threat’ to global oil supplies after suspected Iranian-backed attacks in infrastructure in the Persian Gulf. With such tensions in the air, the Iranian issue is one that cannot be avoided in Vienna and could scupper any potential deal if politics trumps economics within the group. In the meantime, global crude prices continue to fall; OPEC and OPEC+ have to capability to change this trend, but the question is: will it happen on June 25?
Expectations at the 176th OPEC Conference
Global liquid fuels
Electricity, coal, renewables, and emissions