Forget Tech, Big Oil is Doling Out America's Fattest Paychecks
https://www.rigzone.com/news/wire/forget_tech_big_oil_is_doling_out_americas_fattest_paychecks-05-jul-2018-156194-article/?all=hg2July 05, 2018
...Spurred partly by the shale boom, energy companies paid their median workers $123,000 last year, according to data newly mandated by the U.S. That topped all sectors, including utilities, tech and health care. While energy’s chief executives made an eye-popping 120 times more, the gap with their employees was still the second-smallest among all industries.
What’s fueling this paycheck potency? First, a reliance on geologists, petroleum engineers and other highly skilled, well compensated professionals. Add to that the efforts needed to retain expertise -- and lure young talent -- after the recent oil price rout led to hundreds of thousands of job losses.
“They had to retain critical employees at almost any cost,†said Bill Arnold, a former Royal Dutch Shell Plc executive who now teaches energy management at Houston’s Rice University. “Companies had little managerial flexibility.â€...
