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Your Company Has a Problem
As much as 60% of your workforce may be looking for a new
job. And the number one reason an employee might leave is
compensation.
Compensation is the Number 1 Reason for Leaving a Job
Right now, your competitors are posting jobs, searching through candidate resumes, and networking with
potential hires, including your employees. With a limited pool of educated and experienced candidates
with the technical expertise to find, develop, and manage major oil and gas projects, your competitors
may have a good shot at hiring away some of your most talented people simply by hitting the mark on
their compensation.
Making matters worse, the average cost to your company to replace an energy industry employee lost
because of turnover is between $25,000 and $30,000.
At the same time, you don't want to overpay underqualified employees, negatively impacting the profitability
of your company. You need to know what employees and potential employees should be earning.
Your Company Has An Opportunity
By being proactive in seeking out the best candidates for your company's positions, your organization
can become an industry leader, or stay in front of the pack.
Offering competitive salaries that compensate employees well is a key component of hiring the most
talented individuals. Better compensation can allow you to bring the best talent into your organization.
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