Since vacations are now accrued monthly, it makes more sense to resign in December than in January.
Are you seeing any uptick? Has the situation stabilized in your team?
Mine looks like a zombie town, the few that are left are either apathic or pathetic.
I'm just hanging on milking this circus for an easy salary. I'm off some point in '23.
Mass exodus from Annandale, folks leaving weekly. Maybe we can work for the new warehouse 😪😪 we are doomed, should have moved all to Paulsboro, NJRSC = failure pilot units just wasting hydrogen……total chaos
Always best to leave after youf pay raise is given in Jan and accrue vacation and negotiate increase based on new salary...chance to double up on pay and vacation, plus get signing bonus Hopefully more High personnel will resign so more dividends can be paid out. Need to focus on a 35% reduction in numbers of executives and down grade job levels (CL 30 becomes a CL 28).
A lot of the ‘do-era’ have already left. Many of the managers know so little about the actual jobs, that they cannot tell the difference….as value seeps out of the company like a sieve. The managers still seem 100% engaged in talking among themselves, which uses a 100% of their time but results in 0% earnings. (I’m glad they feel useful.)
Right now, as long as the refineries are running, we make money by happenstance. It will be a sad awakening for the company when the economics change.
It’s will be interesting when most of the actual “do-ers” are gone and all that’s left is a company full of “managers” directing each other and the few remaining worker bees.
I'm guessing it's pent up demand whilst people wait to see what pay cycles look like.
I know I'm waiting before making a decision whether to stay or not
People should actually read the emails the company sends out concerning policy changes. A mind is a terrible thing………….to waste.
Hard to tell, folks are using vacation for year end, but suspect some won’t come back. I’m Out in 2Q23, will capture any possible raise in Dec and the last full yr vacation option for ‘23 retirees. Mood around my ‘neighborhood’ has a ‘ oh yeah - we got a participation trophy’ feel.
They must be retiring in 2023, there was an exclusion for retirees
Sadly, we're actually far from 50k, something around 58k-59k. Keep in mind that even tough attrition is/was high throughout the year in the US, XOM hired like crazy in low cost locations before hiring freeze came.
So, people leaving in droves in HC10 are a blessing for mgmt if we get cheaper stuff elsewhere. Bleeding will continue before we get to 50k...
I believe we have reached 50k employees already.
The official numbers for 2021 were 63k, down from 72k in 2020.
According to the Bloomberg article attrition in 2022 is around 20%.
Therefore, headcount at the end of 2022 is 63k-20% = 50.4k.
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I’m leaving in 2023. I still get all my vacation and will sell back in August. Not an option after Dec 1 ,2023.”
Does anyone understand this? What’s magical about Dec 1, 2023 when it comes to unused vacation payout? I thought the policy changed Jan 1. What does “sell back” mean?
I would wager the underwhelming salary treatments that will be communicated in Dec and be effective Jan 1 will go over about as well as a sand paper dil……….
I know a couple of people who are ready to leave if they don’t get CL bumps and double digit treatments. The bu-t kissers will say “But they can just give everyone 20% raises duhhh derp derp” which would be true if this was 2019 or earlier. But people have not had decent raises in a few years now. Some have gotten nothing for years. Inflation is high. Job market is hot. Boomers left huge gap in workforce. XOM doesn’t do bonuses and hasn’t profit shared this year even though each Q has had record profits.
Someone here mentioned they will use this opportunity to further disappoint people and drive attrition until they hit 50k people. That person is likely correct.
Company still is looking for separations. Everything is negotiable. I have worked out with my (EMTEC) management for full ‘23 vacation. O last two years. Don’t settle for less.
Every time I hear the company speak about HR policy and compensation I become more and more convinced that they are encouraging people to resign.
I’m leaving in 2023. I still get all my vacation and will sell back in August. Not an option after Dec 1 ,2023.
I wouldn’t be surprised if people are just hanging on long enough to see if the salary increases make it worth hanging around just a little bit longer. If not, I presume we’ll see another batch in 1Q.
that policy doesn't start till Jan 2023
With the price of crude dropping, the staff reductions will continue in the HC10 countries. Houston, Belgium, Canada and Singapore beware.
Seems to have slowed down - the people that were likely to leave have left. I do think we'll see some more folks dip out as hotdesking kicks in on campus next year. I also expect the background attrition rate will settle on something a fair bit higher than in the past, but seems like the bigger spike is probably done at least until the next shake up or layoff.