It is becoming increasingly apparent that the company is bleeding talent. The vast majority of high performers have left for greener pastures, leaving the remaining to pick up the slack. Compensation is lacking far behind competitors even at the large cap level. Will Conoco wake up and stop the bleeding before it is too late? If history repeats itself, this will be COPC’s third strike out in the Permian Basin. It’s time to fairly compensate the employees pushing the weight before this titanic reenactment concludes.
4 replies (most recent on top)
I dont know about Midland talent. But when we get an average of 5.0% salary increase across the company, but inflation is at 6%+, we all effectively have taken pay decreases. HR shouldn't be concerned that peer companies are in the same boat. In a year of record financials, the company should do the right thing and set the merit increases at a bare minimum of keeping up with inflation.
Where are you getting that information from? All operators have the same struggle to find talent in the Permian. Obviously you are there and want a pay increase; who doesn’t? Sorry but just because you put this as a fact will not mean HR will give you guys a raise.
“We’re on top of the world!!”
What leadership doesn’t realize is that their elevated position is because they’re at the back of the boat as it tilts ever-downward into the abyss. Their apparent “LIFT” is thanks to the rest of the thing plummeting.
Fast followers indeed.
Titanic reenactment concludes? What’s you talkin’ about Willis???