Retention efforts remain critical ///

Despite the current upstream market downturn, companies cannot sacrifice long-term success for short-term gains, particularly as it relates to human capital. Companies can maximize retention by addressing individual employees’ financial and non-financial needs. Priorities shift quickly in today’s dynamic business environment. This year’s headlines about oil and gas workforce reductions, and company restructurings, have replaced story lines that previously highlighted critical skill shortages and lucrative compensation packages.

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