Probably so huh. I mean it has worked so well at Gorgon.
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"and one that leads and can figure out what needs to be done" LOL thanks for the levity
Even at a "cheap" rate of $45 per hour, we pay $100k annual in the end for most contractors (General cheap ones). Average employee including all the over head is only $200k. Difference is between a position that waits to be told what to do and one that leads and can figure out what needs to be done. You get what you pay for.
The $s excludes higher level management. ETC contractors tend to be more competent too.
Don't forget the cost of those $500/hr BCG consultants that never had oil/gas experience until they hit Chevron on three separate engagements and used all three as vague dots on a chart of experience. "We have loads of oil/gas experience!" Oh yeah, where? "SJV, Downstream S&T, and this ORG ROM." Uh, that's all chevron. When did you have these engagements? "Now."
some contractors in ETC as I know make about $250 per hour, quite high still.
Contractor rates are way down and they are cheaper than employees. No health insurance, 401k match, pension, retiree healthcare or severance when fired.
A part time employee will never produce more than a full time employee can. A part time employee will never be loyal or pretend to be.
It seems that we are hiring contractors while we are trying to lay off people