The resignations seem to be accelerating! People don’t want to put up with another assessment cycle when the market is so hot with opportunities.
7 replies (most recent on top)
Three 15 year employee resignations on my LinkedIn feed today
I received $90k worth of “RSUs” after working for about a month at my new employer. Even better, they vest MUCH quicker than XOMs!
@ooe+1fW3f2cg so true. I left and joined BP which is definitely smaller O&G major compared to XOM, however they are paying a bit more in base salary for equivalent level + 20% bonus + ready got RSUs. Benefits are better than ExxonMobil, better people and work culture than ExxonMobil. They are much more trusting of employees, modern, and current with market on the technology set, unlike dinosaur aged tech stack at XOM. Based on my comparative experience alone XOM can't even compete on all of these areas even with their smaller competitors. So tell me why shouldn't people leave XOM?
With the price of oil going through the roof and small companies seeing a flurry of activity, EM will find out soon how self-harming their new strategy of getting rid of experienced workers is. It takes some real “genius” to continue the big PIPs during the bo-m.
Wish upon a star and your dreams will come true
Never stop looking for the next job.
I did my own benchmarking study with a few industry peers working for other O&G companies. EM is 18-35% below market for compensation. No reason to put up with the culture for the pension or possibility of being unexpectedly pip’d for 3 months PIL.