It feels like Exxon isn't the same place anymore. Everyone I talk to just expects the next change to make things worse. There's no real hope for things improving, just this constant worry about what's coming. It's really difficult to stay positive in this atmosphere.
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@10a The ranking system encourages and rewards a$@hol# behaviors. Culture of "We Are A$@hol# Managers"
Definitely, morale is lowest I've ever experienced, even worse than covid. How is the culture SO broken?
It’s because your “chairman” is ruining the company and everything related to it. Anyone who thinks he has vision is confusing that we ego. He’s about to drive the entire place off a cliff.
Different company but our burden rate is 43% above salary level so 1.43x salary is cost to employ
@qb What’s your annual TC?
Putting 5 to 8 percent of valuable experienced employees on NSI/PIP annually really demoralizes every employee, except those with sponsors.
0% here too. HC10 unsurprisingly.
How many regular employees and contractors are left in Clinton?
I thought everyone has quit, retired, or relocated to Houston.
@a6, same in Clinton :(
@k2 not everyone is mid career or on the A or B curves. 350k is a very reasonable estimate on an average, US-based employee basis.
@es Best advice I ever got 👍👍👍
@jh that's false. Base salaries for mid career are close to 300k to begin with. Need to double that to add on benefits like pension and insurance.
@d5 Where is this “rule of thumb” coming from? For corporate plan, we generally use $300-$350k for US employees for SWB (salary, wages, and benefits). Nowhere close to $1M.
NEVER stop looking for the next job. Ever.
@OP mood is great on 6th floor of E4, come visit… oh wait, you won’t have access
@bd it is because I believe DW is a real con man. He hasn't delivered any "real" value nor there has been real innovation other than the stupid four legged spot robotic dog.
I am based on Campus, and older folks look at me with either disgust because they think they will get PIPd before me, or sorrow because they know there is only a 5% chance I will stay employed until retirement age.
I now tell college kids to avoid interviewing at EM.
I feel sorry for the new hires that I meet each year, knowing they have a 0% chance to be employed until retirement.
There is no future at EM and everyone know it.
KM leaving is the most positive thing I've seen in a while
@d5 That’s significantly less than what it costs to keeps executives “on the books.”
Every U.S. corporation can instantly reduce costs by capping executive compensation at, say, $5M/year. Most people should be able to live decently on that I think.
It is all about "cash flow", ROCE, and ROI. ExxonMobil's greatest assets (their employees) is also their greatest OPEX expense (salary, retirement benefits, medical, etc.)
As a Rule of Thumb it costs the corporation $1 million USD per year for every regular employee on the books.
In other news, I see lots of comments in various places that want gas to drop to $1 per gallon. How much production would that shut in?
Usually a company tries to grow its “most valuable asset” but somehow all the ExxonMobil Execs are trying to shed as many of their declared “most valuable assets” as they can. Very weird strategy if you believe what they constantly tell employees.
@b3 Not sure what you mean - I think things are tarriffic. See what I did there?
@OP The mood everywhere is bleak.
Weird how the economy and job market was better this time last year. Wonder what changed…
They need to stop the NSI quotas. Its extremely demoralizing.
Cheer up! Gas prices are down! Filled my F150 for 70 bucks. Always look on the brightside. Gas prices are getting lower. WIn win
The next change will make things worse …. Couldn’t have said it better myself.
You should see it in Calgary. These changes have destroyed the soul of the company.