I hear of so many people quitting each week. Many people retired when the interest rate bumped upward.
Management finally started to admit that more people are leaving than were forecast when they released people in December 2020.
If anyone knows actual percentages of attrition at particular sites or as a whole, please tell us the percentages.
There are definitely a ton of people leaving. I see at least 4-5 per day on LinkedIn saying that is their last day.
Management clearly has a plan. Cut Costs by cutting people and selling marginal assets.
And shifting work to low cost countries. That means more PIPs and terrible pay raises and slow promotions except for a very few deserving people. Eventually start recruiting again on campus and hire some100k engineers and 120k MBAs to replace the slugs within XOM. That means most of you who waste time on this board.
I’m late to this topic, but I’m surprised it’s not been mentioned a top IT executive challenged his own people to find better jobs with a “Good Luck” when asked about the attrition.
Bill Keillor Wants more people to leave.
Every year I've been at this company i've been ranked highly, including last year when no raises happened. This is the first year where I was placed in the average category. A huge part of that is due to Global Projects losing so many folks and other organizational changes. Immensely frustrating to ask "what more could I have done?" and the answer be "nothing, that's just how it shook out". Meritocracy my a**
As you all know, we work hard to avoid attrition. Today, we have no attrition plans.
Management kept reciting the same line that “attrition is within annual norms” until June. This was laughable because many groups had over 20% attrition since February. Finally in June the VP level talking points were revised to say “attrition is higher than forecast”. Nothing substantial has been done to retain people, just management admitting attrition higher than expected.
@1agc+1caaQFRX
Thanks for that clarity on the 12% raises in 2006 or so. Standard fare that year.
I got just that and it hooked me.
All this time I thought it was the Manager liked me.
Poor fool me.
For the next several years, the only safe employees will be the sons and daughters of executives.
@1quq - Funnily enough, at least a few EM legacy hires have quit for other opportunities recently. When the children of executives refuse to work for EM, that should tell you all you need to know about the state of the company.
In my career of 30+ years there were two times that attrition got to the point that they actually responded-1998 after the 95-97 upturn and 2006-2007. In both instances practically everyone got a CL promotion with a significant raise and in 2006 an across the board 12% raise. Vacation policies were upgraded and TL and STC positions created in 2006-2007 as well as paid sabbatical. No PIPs or 8% NSI. I don't see signs of anything like that in the pipeline. So I think we have our answer.
The company welcomes and accepts attrition of any employees working at the Houston campus.
This is a commodity business. It’s not rocket science, so no one is really indispensable regardless of their current performance rating. For crying out loud, Darren Woods is the CEO (a thousand other inbred ExxonMobil bureaucrats could have done just as well).
Many campus employees will see their jobs outsourced internally and externally in the coming years. In the interim, the company will continue fire 8% per year and welcome resignations.
For the next several years, the only safe employees will be the sons and daughters of executives.
I agree that mgmt likely has no plan. Kind of obvious with how uncoordinated the whole thing is, truly amateur hour. This will be a case where by the time they do realize a significant problem, it’s far too late. I’ve been gone for 6 months but keep up with some prior colleagues. They’re reporting many good and even hipos leaving. Something mentioned by one colleague pretty well connected is that for most people it’s actually a better deal financially to go elsewhere. To me, that’s the death knell. It was the one thing EM had left, really high compensation. But, that’s no longer a huge pull, many other companies are equal or better (tech for example). Besides useless sheep, all the smart ones have or will soon figure this out and dust of the resume. Not to mention gaining a few years of your life back from getting out of the stressful and abusive relationship
Management has NOT admitted to any excess of attrition.
If you can provide some details, please do.
No internal links - I'm attrited!
They get the 401 k match too. They want a few to stay to coordinate the work in India and KL so someone can make the ppt. Why 8% NSI if they want people to stay?
@rxr it doesn’t look like they have a strategy. Mgmt is just flailing about like a blind di-k in space.
I can't figure out whether they are trying to get us to quit or are just really bad at convincing us to stay (in the US). The only thing that doesn't make sense is the return of the 401k match. If they truly wanted unlimited attrition... then why bring it back?
Unless your country received a mid-cycle raise this year, mgmt doesn't care that you're quitting.