Considering the inflation and the significant drop in benefits over the years that increased our overall expenditures, what would you consider a decent raise? How much would be enough for you to say, okay, this is fair? I don't expect to be anything but severely disappointed when I find out what I'm getting, but I am curious what they'd need to do to make the majority happy.
27 replies (most recent on top)
For O, >=10%
BK should be removed, demoted and PIP' or just retire already.
And your RSUs will actually significantly increase in value between the time of award and when you cash them out unlike ExxonMobil RSUs.
Way more than they will give us. My pay hasn’t kept up with inflation for years. I’m looking for a new job in an industry that isn’t dying a slow death.
CL23, 2 yoe with masters degree. Making 110k.
Unless I get 180k I will be leaving (yes I know that’s 100% not going to happen and so I am leaving). Even 180 is lowish. I’m currently negotiating between two companies in Seattle/Redmond trying to hit $250k, although it’ll at least be $225k. The biggest thing is in 3 years at those companies I could be at $300k relatively easily, which for xom it would take me 15-20 years.
If I could get 1% of what BK and EO are going to pocket this year, I would be extremely happy
I got a $100 raise very early in my career at Exxon. I wanted to tell them to keep it, sounds like Exxon needs it more than me.
I just wonder how much is the compensation raise for the executives across the board...are they going to get more than what they received for 2020 ?
Since the oil and gas price is going up, pretty sure the executives are getting big bonus as well...Can't wait to hear it :)
Given the poor attitude and sh-t ho-e mentality, a fair raise will be reduction in salaries across the board.
2019 basis reset to Jan +3%
2020 freeze +3%
2021 increment +3%
CL if any +5%
I think we can all agree that The US and India are both shithole countries if I can use your beloved president's phrase 😉
TBH, I would rather forego a salary increase to have my lunch breaks, nights, and weekends back.
No one wanting a BK apology or resignation? I’m a bit surprised. I’d like to see 6% increase this year.
https://youtu.be/Humfsis-QLI
@dms+1dYp0ACN - don't exaggerate...~ 60% of American workers make less than 40000USD/year... so please don't complaint...so how are majority of average Americans survive with such salary...
if people in India want to have the same "standard" of child care, education and health care that you receive in USA, people in India also have to pay higher price in order to get the same quality...
How much does daycare cost in India? Is it more than 50USD? In the US it’s easily 1000+ USD per month.
How much is college in India? Oh I forgot it’s almost free. In the US it’s a 200k bill that you have to pay for each child of yours.
How much do you pay for a hospital visit in India for let’s say a broken leg? In the US it’s more than 30k.
Nobody with a US salary living in India is complaining. Get your act together.
American, early 30s, and outstanding category here. Based on the salary bump for the poeple who have left Exxon for other companies, if I do not get at least 20% this year, I am out.
US employees already receive a higher salary vs the rest of the world. Reading other posts in this forum about CL + salary of US employees prove the reality. Other employees in other countries like India and China have even higher inflation than in the US.
I think even without a big raise, US employees will still survive with their current salary.
I'm American, so a hundred gazillion percent
Those ranked in 20 to 40% quintile will be lucky to get 6%. Bottom quintile will be lucky to 3%. Very good raises for top quintile thought 15% or so.
I'd settle for something the company holds too dear to just give it away.
A little Respect.
Since they converted us from full time to 1-year contracts, I need a 100% raise. This is for the increased risk I need to take to work in a company that any day can lay off sneakily 50% of their personnel and call it performance assessment.
10% would be okay but I’m not holding my breath
20% because inflation will continue thru 2022 at above average rate and the raise is spread out over the 24 paychecks per year
Suggest everyone “manage your expectations”. I doubt few working people anywhere got a raise last year, so having the thought that XOM should “make you whole” since 2019 is unrealistic
Personally, 6% will probably do the trick for me. It shouldn’t, but it will. I look at the match being removed as cr@ppy, but something lots of companies did (I realize we did it longer, while giving bozos RSU’s), and something that unfortunately I understand I won’t recoup. Inflation appears real, but we do not factor that in to our raises, we go off of benchmarking as do other similar companies, so I’m also not planning on getting and inflation bump rn, nor will I let myself be disappointed by how it doesn’t affect the raise.
This place isn’t the majority. 10% is what it would take to make up for match being taken away / compounding 401k effect. Would need 5-8% on top of that (minimum) to catch up for the 2 yrs no one received a raise. 15-18% is what it’s going to get people on pre-covid.