I'm training a new experienced hire. She has a little less experience than me but hired in as a CL26 and is earning $75k more than me! Is anyone else seeing this in their areas?
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@1vkv+1gVH03AL ... what a stupid story. The fictitious "supervisor" is a fool. You don't give raises to everyone, only the victims of salary compression. All companies should be proactive about fair compensation. The best way to ensure this is through full pay transparency. If you weren't working for a despotic, anti-democratic, barbaric institution that might be a possibility.
Let's just say that if you work somewhere for maybe 4-5 years and you received only 2% (or no) raises each year AND you are not some clearly designated hipo: YOU ARE MOST LIKELY IN THIS SITUATION.
A similar tale from a prior company I worked for (15 years ago).
- Experienced Engineer confronts his Supervisor: "I understand some of the newer hires are making more money than me with years of experience here."
- Supervisor: "This might be the case."
- Engineer: "That doesn't seem fair to me. So I'm asking for an immediate raise now."
- Supervisor: "But if we give you a raise, then we'll need to give everyone else a raise. And we're right back where we started."
- Engineer: "I didn't think about that."
- Supervisor: "And that's the reason you are paid less. Because you don't think."
Market value is the price at which a willing buyer and willing seller will transact.. If you stay, you are a willing seller...and XOM is a willing buyer att your current salary, so YOU ARE PAID MARKET VALUE. You can resign and probably get 15% to 20% increase, in another Market value transaction, with a different buyer of your services. The new buyer may perceive your market value higher and give you an increase, but you must walk away from any pension or possibly unvested RSUs.
XOM has to pay close to market or attrition will increase. To attract experienced hires it must pay a bit above market, but the salaries equalize over the next several years. IT is A FREE MARKET. Make up your mind. Quit complaining and take action
@kxc The problem has more to do with their process than their reputation.
EM has a long, drawn out, and highly bureaucratic recruiting process (think GE, but somehow even worse). Nowadays candidates are taking the offer that comes quickest. Talent isn’t going to beat a path to anyone’s door like it did back in 2008.
@OP Its still none of your business what she makes, and if you can’t get up and walk out of EM right now, you’re getting what you’re worth. That’s reality.
Exxonmobil is trying to rebuild from the mass Exxodus. The reality is that they are having a tremendously difficult time recruiting due to the generally unfavorable impressions that have been left by their actions in the past 4 years. The only carrot they have to hang in front of the horse is starting salary.
This is common across corporate America. Some people have figured out job hoping is the way to earn more money. A lot of people have not.
I have seen the new hire offers outpace pay of existing employees in the past.
Back then it caused so many 2 to 5 year employees to quit that EM gave “compression raises” to adjust everyone above the new higher hire starting salaries.
If no system of compression raises implemented this time, then EM must desire the attrition.
Historically, EM is willing to pay for personal attributes and characteristics in addition to raw work experience. They'll get their pound of flesh out of her in some way, don't worry.
I didn't think we needed more Building Custodians at the 26 level.
Top-heavy area.
New hire. More money. No need to be bitter.
Go take another job for a few months and then come back to EM for the increase.
Lots of jobs out there.
On the other hand, maybe you are training your replacement.
Don't sweat it.
They probably marked her as a sls or dh if she’s truly clueless. Likely be your boss in a few months.
Psst, XOM lifers. Remember all that sweet, sweet Kool-aid you guzzled believing XOM>universe? It was a lie. Being a PowerPoint Jedi means little in the outside world. Having actual skills & knowledge matter out there. Instead of frappin', get on with learnin'. When y'all @ church or watching football on Sunday, I am on Coursera. See ya rankin' time, bi----s.
@OP It’s none of your business what she gets paid.
Can you get up and walk out of Exxon today? If not, then I’m sorry to tell you that you’re getting paid what you’re worth.
You have an option to go to another major with a substantial pay increase if the right opportunity comes around and you’re looking. Employers are not fair with their compensation, they pay you as little as they can to have you stay for the time they want you to stay for, plus you have little leverage once you’re in the door. There is typically always someone out there willing to pay you more for the same job if you look hard enough and ask.