So what are we gonna get, 2.5?
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between 3% - 8% guaranteed
@2kox when markets are down that's exactly when you want a company match. Ever heard of "buy low, sell high"?
Don’t you see that we are are just like that crew on the Andrea Gail. We just went through the first part of the storm and now we are getting a small reprieve and are now in the eye of the storm. We will head into the most horrific wave in 2023. They will only give the minimum they can get away with because the economy will be just like that ship….on a nose dive to the bottom. Good luck and prepare!
I would rather have a frozen 401k match for a year and a 9% pay bump over continued match and sub-inflation pay bumps….
Markets are down so is frozen match really hurting them Exxon much? Plus it’s been reinstated at this point..
Remember Exxon stiffed their employees for 2 years of 401k matches.
There's a US recession coming. If indeed the bump is 9%, you just about guarantee a layoff late 2023/early 2024.
Chevron will have to do something. I think they recognize talent is looking elsewhere
Workers will receive an average salary bump of 9%, and those who got promoted will see a further 5% increase, according to people familiar with the matter who asked not be identified discussing non-public information. The current US consumer price index is 7.7%.
It will be under 2. Probably 1.6.
I heard 5