Looks like attrition is really bad in Houston. Many posts in LinkedIn about folks leaving with Iconic Cube picture.
Is anyone who was hired in last 5 years still wanting to be with the company?
Has anyone seen any groups leaders provide a compelling vision for folks to stay in the company?
@4bpl+1cMy01lg
You do realize how relative rankings work right? If I have 10 employees ranked under the current system, and the middle 5 quit, 2 move down and 1 moves up.
Outstanding 10 9
Excellent 8 7
Very Good 6 5
Good 4 3
NSI 2 1
10
9
8
2
1
You guys are stupid to worry about attrition particularly the ones with 10 to 20 years service. Most quitting are in the middle three quintiles (very few in top quintile quitting...yes it is more than zero but not high compared to high attrition years in 2004 to 2008 (much lower after that because salary curves and increased and promo matrix increased promo). This makes room for all you low performers to take on higher level work which will get you more money (whether you stay or go). Eventually XOM must stop the loss by fixing culture, salary curves and promo frequency. Encourage your colleagues to quit...it will be good for your salary ad career. But you might have to Work a little.
@2yxq+1cMy01lg Your data are correct, the analysis though is wrong. Indeed, in the last 2-3 months the linked in announcements of people leaving are about 5 per week from Houston. That will be 300 on an annual basis or a rather normal 3%. The problem is that among all the people (10 or so) that I know they resigned, none posted an announcement. So, the real resignation rate is a multiple of 3%. I would say at least double or higher based on some data that I saw.
@2twf+1cMy01lg
There are A LOT of people in ExxonMobil that do not have degrees suitable to switch to another industry. I’m 45 years old. Switching industries would require another degree, which is difficult to justify at my age. Those 50 spots I mentioned are such degrees.
@2hob+1cMy01lg yes, EM has its (many) problems, but another oil and gas company in Houston is the last place on many people’s minds when they think about making a career change.
@2yxq+1cMy01lg
There are cracks appearing in OPEC+‘s ability to meet world oil demand in 2022. Very real possibility of $100+ oil. They will have to lock the gates to keep everyone from leaving if that happens. There is a growing energy company very close to the campus that is about to hire 50 people. I know that isn’t a lot of people versus Exxon worldwide, but that will be a decent chunk out of one particular GBU that will be targeted.
If there is a merger, hopefully we can get a little more creative with the name to keep it short and pithy: ExxonMobilCheveronShell ;-)
About 1 per day posting resignation on is 300 per year, pretty minor and much less than 2006 to 2008, because that is less than 1% MPT staff. Attrition is running a little above 4%; 3% retirement and 1 % resignation closer to 7% with PIP (3% PIP attrition); Some groups hit harder (IT). Some groups not at all. COVID delayed 2020 attrition into 2021, so it will slow down in 2022. I expect 2022 salary treatment to be terrible for bottom 3 quintiles (Less than inflation), that will encourage more to quit in 2022. Then attrition slows down in 2022 and 2023.
@2voe+1cMy01lg Non-answer, devoid of content.
@1zqe+1cMy01lg Kathy Mikells’ career history is publicly available, well documented, and a simple internet search away. She has led several massive deals at her previous employers.
There was a huge line on Friday for pictures with the Cube. If you are leaving and want a picture picture another day for your picture!
@OP (and everyone else):
The attrition is the the point
EM publicly announced in June 2021 that they were implementing a performance-based model of workforce reduction that was specifically designed to make “white collar” employees want to quit their jobs. Every other major operating company (Shell, BP, et al) has done the same thing in some form.
Posts about attrition are, at this point, tautological (not to mention boring). Let’s try being a little more constructive.
They better hope they don’t fall below the employee minimum like they almost did before. The fines will be costly.
@1yue+1cMy01lg Please cite a reference or two. I would like to do some more reading.
The external CFO is literally an M&A expert, the writing on the wall can’t be more obvious than that.
It definitely feels like a potential M&A.
Expect a merger. That’ll explain the cost cutting and personnel losses.
@ihr+1cMy01lg:
I do not know where you get your numbers. March (post layoff) to today (pre Pip PIL) headcount reduction in my organization is about 10% in the US (group more than 150), so way above historical. Management does not care because positions/work is transferring to cheap locations.
I know I'm getting out of this company, this industry and especially this show-biz Alamo currently called a state.
I'll petition to have my childrens' birthplace changed on their passports.
Adios.
@ugo+1cMy01lg Too many to link them all here. I noticed the Yammer cheerleaders are now at LinkedIn too, what better way to gain attention and display winning behavior than posting content to show the desired behavior and leadership.
Someone post a link to a picture please? Love to see it! Thanks!
We haven't seen the trend in Europe yet but expecting it will come in the upcoming months, as the planned lay-off is almost completed. LCM even have to make early announcement regarding salary and promotion in 2022 as management are worried if Europe will follow the great resignation trend.
Regrettable attrition is ~4x higher in each region versus historical. Still only about 5% in US so don’t expect management to care. India and China leaving in droves, ~20-25% YTD. They will get the attention.
I was just coming to post the same thing. The LinkedIn cube posts are accelerating.
@iib+1cMy01lg
That was my thought too before I was Pipd
It’s the beginning of my third year, I plan on staying yea. Everyone good quit and there’s loads of positions open above me. Why go somewhere where there’s talent to compete against when I could coast up towards the top here unopposed?
The original plan was for everyone to take their last day selfies in front of Rex's tree at the campus but they cut it down. So the cube will have to do.
Is there a line to take Cube pictures yet? A professional photographer could make some money there.
No, and no
When they commissioned the cube, do you think they had any idea it would be used in such a 'give it to the man' way???
Don't worry. Once the headcount in Houston is nice and low, EMRE could dump it's people there.