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The Water Cooler
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A casualty of the oil bust
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<blockquote data-quote="Larry Morgan" data-source="post: 2849270" data-attributes="member: 4676"><p>Sorry to hear it.. I have a friend who is just waiting for the axe to drop too..</p><p></p><p>Dennis is right on this one. I've worked with a lot of salty dogs in my industry who have survived this stuff. They all warn me many times it's the senior ones to go. They are making the most and look like the biggest expense ON PAPER. But when you only look at the balance sheet, you are asking for trouble. You might think it'll be better to pay less for the younger employees, but you can't put a price on the tribal knowledge and wisdom that walks out the door when the experienced ones go.</p></blockquote><p></p>
[QUOTE="Larry Morgan, post: 2849270, member: 4676"] Sorry to hear it.. I have a friend who is just waiting for the axe to drop too.. Dennis is right on this one. I've worked with a lot of salty dogs in my industry who have survived this stuff. They all warn me many times it's the senior ones to go. They are making the most and look like the biggest expense ON PAPER. But when you only look at the balance sheet, you are asking for trouble. You might think it'll be better to pay less for the younger employees, but you can't put a price on the tribal knowledge and wisdom that walks out the door when the experienced ones go. [/QUOTE]
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A casualty of the oil bust
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