How is the Credit Crunch Affecting Yacht Jobs

For a long time luxury yacht owners and captainsleave sacrificing respite and time with their families or
have been bemoaning the inter-seasonal yachtto leave a yacht altogether and take the time out
hoppers; crew endlessly searching for the perfectunpaid to study and look for a new position once
itinerary/owner/crew/salary combination. Sufferingthey have finished their training.
from the grass is greener syndrome, yacht crew areWith 900 super yachts currently in construction,
seemingly always hearing stories of yachts withthere has never been higher demand for qualified,
better owners, training allowances, endless tips andexperienced crew, so those who have done their
time off.time and study are perhaps right to believe they will
The global credit crunch seems to be the answerbe able to get bigger better jobs. We know that
these yachts have been looking for. Whilst most ofdeck officers and engineers have to be recruited
the multi billionaire yacht owners are managing to getfrom outside the industry to fill these qualified
through these hard times without having to sacrificepositions, so the demand is surely there. Crew are
their yachts, the lowly crew with mortgages anddemanding more time off for themselves and
dwindling investments fear being out of work for anysupport for training, and this is definitely warranted
substantial period and worry that perhaps the jobsbut who can blame the yachts for being reluctant if
are no longer out there. In this climate , the crewthe crew then leave as soon as they are qualified?
seem to have had a change of heart and are goingThis has been the impasse for a while between the
with the "better the devil you know" way of thinkingyachts and their crew, perhaps the credit crunch will
and sticking it out.be the encouragement for crew to stick things out
This is definitely a bonus for the yacht industry,and show some more commitment to their positions
which is one of the few industries in the world whichand in return the yachts may see their way to
6 months in one position is considered a fair amountrewarding loyalty.
of time and 2 years a miracle. There are of courseIn order to for crew longevity , what is required is a
reasons for which in this industry there is a higherlittle give from both sides. Yachts need to support
turnover of crew. Crew burn out quicker with littlevaluable crew in regards to fair amounts of leave and
time off, working 12-16 hour days and living in suchgiving time off for training and putting their yacht
close quarters with their colleagues. Also, thoughcrew on required courses. The crew need to
more and more qualifications are required, yachts arereciprocate and commit to a yacht, accepting that in
reluctant to give crew extra time off to train whichall walks of life there is very rarely the perfect job.
leaves their only options either to use their annual