WorkplaceDynamics, an well-known employee survey company, has named Talos Energy the best local small business workplace. While the company is typical compensation do not rank near the top, it has built that reputation by allowing its employees to have a greater stake in company.
Talos Energy was created by Tim Duncan along with a team of partners. The environment of the financial crisis of a decade ago forced him and his partners, who were then running private equity backed oil and gas company, to change their focus. By focusing on the most lucrative spots they were able to double in size and sell their company to Apache Corp. in 2011.
Tim Duncan, his partners in tow, then went on to start Talos Energy with the equity earned from their earlier backers, as well as their assets in the Gulf of Mexico that have been producing 16,000 barrels of oil per day. They went on to grow the company up to a total of 120 employees.
It’s the presence of an entrepreneurial spirit within the company that Tim Duncan believes attracts the best candidates for employment. It also encourages a free flow of ideas, which pushes innovation. He credits this tendency to the way he was treated by his bosses in his early years of his professional life. They wanted to hear what he had to say, and that made him work that much harder.
The smaller size of the Talos Energy has a lot of influence, as well. Michael Harding, chief accounting officer and controller, believes being a private equity pushes Talos Energy toward a more entrepreneurial atmosphere. This leads to more innovative thinking than is possible with typical larger firms. Having a smaller employee pool also means that the work each individual does has larger reverberations throughout the rest of the company.
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