Talisman Energy

  www.talisman-energy.com
  www.talisman-energy.com
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Talisman Energy Reviews in Canada

Updated September 4, 2014
Updated September 4, 2014
71 Reviews
2.8
71 Reviews
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Recommend to a friend
Approve of CEO
Talisman Energy President & CEO Hal Kvisle
Hal Kvisle
33 Ratings

Review Highlights

Pros
  • great people who are willing to help (in 5 reviews)

  • Good benefits and good salaries (in 3 reviews)


Cons
  • High turnover whether it is with staff switching roles or just quitting (in 6 reviews)

  • Senior management would have been better off having a session with Dr (in 5 reviews)

More Highlights

54 Employee Reviews Back to all reviews

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  1.  

    Still going through change - hoping new CEO will improve culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Talisman Energy full-time for more than a year

    Pros

    There are opportunties to lead and show what you can do.

    Cons

    Management seems loathe to do anything other than keep the lights on until new CEO arrives and more asset dispositions are completed.

    Advice to ManagementAdvice

    Build a new culture to attract and retain top staff.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  2.  

    Slow in the summer, not in a role to make decisions (a supportive, fetch information role), great co-workers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Talisman Energy part-time

    Pros

    Great co-workers to network with
    Not micromanaged
    Travel opps to international offices
    Nice office

    Cons

    Slow work, cyclical
    Going through mgmt change, difficulties/uncertainties
    Not challenging

    Neutral Outlook
    Approves of CEO
  3.  

    Used to be great but not so much anymore

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Student  in  Calgary, AB (Canada)
    Former Employee - Student in Calgary, AB (Canada)

    I worked at Talisman Energy as an intern for more than a year

    Pros

    Nice office environment/amenities with desirable downtown location
    Slurpee and iced capp machine in the employee lounge
    Free food from meetings, lunch and learns, town halls
    Decent pay
    Knowledgeable and experienced co-workers
    Flex days and Christmas week off
    Fun Stampede and Christmas parties
    Likely to extend student terms if you are competent and they like you

    Cons

    Many of the best employees left in 2012 and 2013 during the downturn and layoffs
    Corporate takeover target = low morale, job instability
    Company lacks focus and discipline, which is what got it into the mess it's in today
    Stock price has gone nowhere and underperformed it's peers over the last 2 years
    Assets in the UK are dragging the whole company down
    A lot of people only pretend to be busy
    Hires students to do menial work with no long term plan to keep them as a permanent employee

    Advice to ManagementAdvice

    Now that you've pared down the balance sheet, focus on operational efficiency and smart strategic growth to benefit investors and secure a future for the company as an independent
    Cut down on useless meetings and time wasters (safety moments in the head office on irrelevant topics)
    Stop spending money like you are a super major
    There are still some good employees left, be open and honest with them and don't treat them like they are disposable - contractors/external hires cost a lot more money and have no loyalty
    Get rid of employees that aren't adding value

    The incoming CEO that replaces Hal will define Talisman's future as a success or failure, so don't mess it up!

    Neutral Outlook
    Approves of CEO
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  5.  

    Terribly disappointing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Geoscientist  in  Calgary, AB (Canada)
    Current Employee - Geoscientist in Calgary, AB (Canada)

    I have been working at Talisman Energy full-time for more than 10 years

    Pros

    They pay you..............almost comparably to other companies. The training quality and quantity depends on which part of the company you work in. I have received reasonably good training, but know others who have received very little. I have worked with many great people here, very few in management positions though. And those that were are no longer with the company.

    Cons

    Company is run by a group of incompetent executives that are simply waiting to cash in on a take over. Long term incentives are non existent which is why approximately 80% of the company employees have been there less than 4 years. Executives are all incredibly over paid, their salaries are in no way tied to performance as you can see from share price performance. Company has something like 70 to 80 executives, roughly the same number of geoscience staff. Corporate structure looks like an upside down triangle. Management expects staff to pinch every penny twice, while they freely throw money around on excessive and lavish travel and executive retreats to Banff. If shareholders were privy to the spending habits that go on they would be appalled. No career development opportunities as a geoscientist. Benefits are so bad you are better off opting out completely. There is a savings plan, however it involves putting some of your own money into Company stock that continues to underperform related to many of the things mentioned herein. So buy at $12 and sell at $10 is great if you need to write off capital gains, but not so great if you hope to make any money from it. The current management is grossly incompetent, and breeds further incompetence by promoting people that..........well lets just say they promote the real go getters (polite for backside kissers). Truly a relic attitude from all the ex-BP execs. This has created a culture that encourages entitled behaviour and breeds arrogant and incompetent leaders that very quickly climb the corporate ladder. Five rounds of layoffs in five years have obliterated technical staff head counts, however, the executive head count hasn't declined.

    Advice to ManagementAdvice

    None, they know all of this and choose to ignore it. A huge number of employees have told them this at exit interviews and HR just pass it off as a disgruntled employees. I would say I am disappointed, when I began it was the best place to work in town, now it's not even a shadow of it's former self. I have stayed with the hope of resurrecting the company to it's former glory, but this is not going to happen. The CEO has long ago announced his exit at the end of 2014 and quite clearly doesn't care what goes on now. A clear corporate strategy has been identified but no one follows it, and there are no consequences for it.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Summer Student Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Summer Student
    Former Employee - Summer Student

    I worked at Talisman Energy as an intern for less than a year

    Pros

    I had real work and responsibilities as a student intern; was respected and trusted. Everyone I worked with or spoke with at the company added to my experience and provided a useful piece in my learning / work experience!

    I was impressed with the level of expertise and number of senior level specialists employed at the company, whom I was fortunate to work with and learn from during my summer with Talisman.

    I would work here again.

    Cons

    The hierarchical structure is a nightmare! I have worked at several medium to large companies and the corporate structure at Talisman is quite deep and counter-intuitive; hard to find the “right” people to talk to when working on projects or problem solving.

    Advice to ManagementAdvice

    The management and company structure seems a bit inefficient. There are many "managers" and VPs, more than I have ever seen at another similar sized company.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    Toxic cesspool of incompetent posers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Calgary, AB (Canada)
    Former Employee - Anonymous Employee in Calgary, AB (Canada)

    I worked at Talisman Energy full-time for less than a year

    Pros

    Can't think of one. Not one.

    Cons

    Perhaps with a new CEO they can turn the ship around. Wait and see before you consider spending any time at this company.

    Advice to ManagementAdvice

    Clean house. The Emperor and his merry men are on in fact wearing new clothes

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    Need to get it together

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Engineering Co-op Student  in  Edson, AB (Canada)
    Current Employee - Engineering Co-op Student in Edson, AB (Canada)

    I have been working at Talisman Energy as an intern for less than a year

    Pros

    The people in the field offices are fantastic. Easy to get along with, friendly, and very helpful.

    Cons

    Constant changes in management and constant asset sales are worrysome. Every few weeks there is a major change in the upper management and thus in the organizational structure. The company doesn't really have it together from an upper management point of view.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Gained great experience as an engineering coop student at Talisman Energy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Student  in  Calgary, AB (Canada)
    Former Employee - Student in Calgary, AB (Canada)

    I worked at Talisman Energy as an intern for less than a year

    Pros

    Good locations, working environment and supportive colleagues.

    Cons

    Fast employee churn rates, lower morale than other companies.

    Recommends
    Negative Outlook
    No opinion of CEO
  10.  

    Experienced mid-level managment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Talisman Energy full-time for more than 8 years

    Pros

    Generous vacation & flex day policy. I've been here long enough that the total compensation is good.
    If you are just starting out there can be lot's of challenges and learning opportunities.

    Cons

    We keep selling assets, therefore fewer career opportunities. It seems that the few opportunities that do come up they are rarely posted and the few times they are posted, the successful candidate is pre-determined. Significant staff turn-over at all levels - this is hurting the company.
    The LTIP program for senior employess is worth nothing - the company has made changes the last couple of years to bring value back to the program - they fail to recognize that the previous 8 years of LTIP is worth nothing and that other companies are willing to off-set that to recruit senior people.

    Advice to ManagementAdvice

    Read and follow the company values - they're quite good! I find that the lack of fair and open career opportunities very disappointing - you need to address the favoritism & nepotism.The turn-over post- April 1st has been very high - more has to be done to retain people.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Fast paced, interesting work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Calgary, AB (Canada)
    Current Employee - Anonymous Employee in Calgary, AB (Canada)

    I have been working at Talisman Energy full-time for more than a year

    Pros

    Talisman is getting back on track. I'm hopeful and excited about the future. There's lots to do, plenty of opportunity to shape the future.

    Cons

    A high energy environment that employees need to manage for themselves.

    Advice to ManagementAdvice

    Stay the course.

    Recommends
    Positive Outlook
    Approves of CEO

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