As 2023 gets underway, we reflect on our final quarter of last year to bring you the latest superyacht job market update.
With a 7% increase in new candidate registrations, it’s clear that the interest in getting into or staying in the industry remains high.
One fifth of our placements were temporary, mainly covering leave over the Christmas period or plugging any personnel gaps until our permanent candidates could start. Temp placements were most common in the engineering department.
The deck department saw the biggest increase in jobs, making 9% more placements than in Q3.
The average salary was €5,381, representing a 5.5% uplift overall, and there’s been an increase in all onboard departments apart from engineering, although this is reflective of more roles being 2nd and 3rd Engineers and was only 4% lower than Q3.
- Captain – €16,960 – Time for Time (T4T)
- Deck – €4,805 – 60 days
- Engineering – €6,746 – T4T
- Interior – €4,622 – 3:1 or better
In terms of leave, the upwards trend in rotational roles continues with 10% more offering 2:1, 3:1 or 4:2. Although there was no change in the number of placements offerings 60 days or less, there were fewer roles in the superyacht job market only providing 45 days or less leave.
Over a quarter of our placements were onboard yachts in the 60-69m range and we placed 9% more jobs onboard superyachts over 100m in length.
There was a significant increase in yachts that operate both privately and commercially last quarter, accounting for almost half compared to 29% between July and September.
As single season yachts prepare for the summer and others plan Atlantic crossings back to the Med, we expect it to be a busy few months.
If you’re considering your next superyacht job or are in need of crew, be sure to get in touch with your specialist onboard consultant.
