At what point do you think one passes the turning point to stay or to go? Base on low ranking and minimal raises or no promotion? Is there any hope or just walk out after a decade? I feel like I’ve weather the COVID and post COVID storms but here I am just putting in time…
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I left earlier in 2022. Was ranked O for the last 3 years. I wasn't fulfilled by my work. The company did not seem like it was focused on producing oil and gas. Meetings that were pointless from 7:30am-5pm and you never had a chance to do any actual work. The role I had gotten moved into was not really explained to me and seemed like a "filler" role. I took a small pay cut on salary to leave but with YE bonuses at my new company should outpace earnings from XOM. The culture is amazing where I am now and there has not been a day that I regret my decision. It was a tough leap because of the perceived safety at XOM, but you can do it. Once you get over that fear it becomes very easy to see how toxic the employer/employee relationship is at XOM.
If you're 45, try to hang on until NRE.
If you're right there in the middle, it's a tough call. I saw my ranking drop from O to E to VG the year I left so I knew the writing was on the wall.
That 35-45 age range is tricky for sure. Hitting stride with company at this age, but company seems uncertain with future. Management needs to do something fast to try to address attrition in this age range, or we’ll be short on leaders in next 5-10 years
Never too late.
Some hang in there because of the status of working for XOM. Be aware that status of your role is not permanent. Some hang in there because they are really near retirement. So really examine what is of real value to you.
Time to go are:
- When you are not being developed and not growing in skills.
- When you are pressured to do things that violates ethics or misalign with your values
- When your job is affecting your health
Never too late.
Some hang in there because of the status of working for XOM. Be aware that status of your role is not permanent. Some hang in there because they are really near retirement. So really examine what is of real value to you.
Time to go are:
- When you are not being developed and not growing in skills.
- When you are pressured to do things that violates ethics or misalign with your values
- When your job is affecting your health
If you are under 35yo your best option is to be looking for switching industries as O&G will continue to decline over the coming decades. Between 35-45yo gets a little more dicey just because you might make it to retirement here without too many big cuts in benefits (e.g. pension) but it’s kind of a crapshoot at this point based on current management decision making. For those over 45yo it’s probably best to stay as there is a high likelihood your benefits will not be drastically different from now. The only caveat is if you are ranked Good or lower, you might not make it to retirement before being PiPd. Obviously this is just my take on the situation and I’ve been known to be wrong.
I’m EMIT, the time to go is now for anyone under 45 or so, as the writing is on the wall with where they want to take the organization, especially in the US