Anyone done this? The process is very slow and the updates are vague. Any idea of the salary drop when being hired?
9 replies (most recent on top)
Contractors are paid more and have less workload. When you are employee, you go from doing 1-2 things, to 10 things. AND that is still not enough, you need to do more each and every year.
Converting to employee is very rare. Sites have been informed to reduce headcount. In doing so, they are outsourcing all the jobs. If you don't need to turn a knob, or pull a lever, you job will be outsourced.
the person who converted to employee then was PIP'ed was probably never told that doing just your job wasn't enough. Doing your job means doing the bare minimum meaning if you only do that, you will be PIP'ed. You have to do pretty presentations to upper management, do step outs and improve something globally.
Good Luck
No reason to convert to employee in any HC-10 location. You are simply PIP fodder over the next 3-5 years. Stay as a hat, stay sane, make your rate, and roll.
Don't do it. I converted to becoming an emp only to find myself PIP'd later. In ranking, they target experienced hires and the older folks, not unless you have a solid sponsor. Not worth it.
OP are you nuts? It's impossible these days. Darren and Kathy want to get rid of the "above the surface costs" which means us the employees. Why would they move you from contractor (cheap and easily disposable) to employee (expensive and difficult to fire)? Sorry dude, it ain't happening.
Exxonmobil employees work on a year to year contract, the performance assessment process is the worst in the industry. Don't join the dark side.
Don’t do it. You’ll likely regret it
I would enjoy the contract rate as long as you can. If you convert, you will be joining the PIP fear party.
If you are a hatted contractor that routes through an engineering firm, I would say you will take 25~30% paycut. If you are an employee that is sold to XOM as a contractor, you will likely get a pay raise. The 25-30% paycut is to exchange for vacation days so you don't feel guilty taking time off, pension (if you think XOM will still be around when you retire), and group health insurance.
I did that 20+ years ago and took about a 30% haircut, but after a few years and a couple of expat opportunities, plus the 7% match on 401K, I more than made up for it and have no regrets. But the gross salary reduction at the time was painful. However, we needed the insurance and the high deductible coverage/policy provided by the staffing agency was insufficient for a young family.