Funny thing is, I'm not sure if the reason is the fact that XOM is doing great right now so people are choosing to stay or if it's because everybody is accepting the fact that recession is coming and they don't want to risk leaving right now. In either case, the result is the same. I'm not sure if this is true company-wide, but where I'm at, attrition has slowed to a crawl in the last few months.
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Announcing that 5% of employees Need Significant Improvement prior to those employees filling out their PDS forms is just headcount reduction/Layoff.
A good leader would call it a Layoff and not blow smoke up employees calling it an improvement program.
NSI = 5% for this performance assessment
Good luck to ya
Attrition has slowed because everyone with a brain mostly has already left. If you haven’t figured it out by now, you never will. If you want a job elsewhere that pays more, is less toxic, and works you less hours you can easily go find it.
Well, the attrition numbers must not have been met yet and hence the mgmt. is not interested in improving anything, except being busy decorating DW and the gangs new space on campus. I wonder how many on campus would even have a free opportunity to meet their beloved CEO while on campus. They may have to buy United Way raffle to meet their CEO.
The attrition may have slowed but that's not because the company is all of a sudden providing anything to retain remaining employees. It is because those smart employees with externally marketable skills have already left and leaving. So now, only those with no externally marketable skills, only XOM specific skills (we all know what they are), or those close to RE remain. Yeah, XOM is trying hard to lure and rope in new college recruits and even that's a struggle. Look at all the dog and pony show and drama portrayed on LI by employees at all levels now. We the employees seem to have become insensitive to what happened over last two years and how poorly the mgmt. treated us and even worse those who were forced out and yet we continue as all is well and back to norms. I am retiring next month, don't want to keep put with all this sh-t here. And no I am not going to put how great XOM treated me and how lucky was I to travel for work all this years because that was simply a business transaction where XOM paid for my time I had to sell to be away from my family while travelling.
@OP The recession is an elite talking point. Much like the deficit. It’s being used in part as a retention tactic. You pointed to this effect in your post.
Probably, anyone who can walk out of Exxon has walked out of Exxon, and those who remain have no better options. Therefore, anyone still working where they were this time last year is getting what they’re worth.
Still seeing a healthy rate of resignations in BTES. As assessments go out, expect it will pick up.
We've had 3 people in my group and one we work with leave this week due to the Dallas move. We'll see a few move, but most people have no desire to move after how the XTO staff was treated "post-move". Brilliant E&PS strategy on office space planning!
Oil and Gas is not going to be that stable (never really was) if we get a recession. With the obvious exception of companies in industries that clearly over hired over the last couple of years, there will be better places to be during a recession than at XOM.
People are still leaving in my group. I know two that are quitting next month and 3 retiring at the end of the year (two of those 3 are retiring early (at 55 - earlier than they would prefer).
If I’m not PIPd, I am going to leave at the end of the summer when my house is paid off and I’ve banked some financial cushion. My group is so toxic, I plan on giving myself a few months to recover, and then find another job.
People still leaving commercial and trading
I think we'll get another little spike after ranking feedback.
Those Dallas folks who don’t want to move to Houston are getting out in a hurry. Been seeing it on my LinkedIn for weeks now
The wave of retirees ended in June.
Probably another wave of retirees next quarter as the interest rate increases at an alarming rate erasing lump sum values.
The non retiree wave seemed to have coincided with end of school year and opportune time to relocate.
Attrition will continue but likely not peak like the retiree+school year ending that we recently experienced.
Also the PIP will now release the undesirables. Mostly very competent people, just no sponsorships or actually offended someone with enough power to exit them.
Plenty still leaving in Europe.
PIP season starts this week. Hold on to your hat!
@OP are you one of those sponsored kool-aid drinkers at Spring? Nah mate, attrition is well and alive here but still not high enough for DW. Remember, everyone is replaceable in their role and non-regrettable loss for the company.
Colleagues are getting less job offers. The “pull” has significantly slowed down, I am sure if the offer is in, anyone of us will leave.