Thread regarding Phillips 66 layoffs

Success Share Announced

Hello anonymous coworkers, I’m a new engineer here so this is my first Success Share. Everyone has been somewhat doom and gloom about VCIPs next year. I’ve never really worked anywhere with real bonuses before Is there a loose correlation between Success Share and VCIP? I’m assuming this is probably one of the lowest Success Shares ever, but it’s still 100% of target. Would it be reasonable to speculate that we’ll still get something for a VCIP? Maybe even 100%?

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Post ID: @OP+17sByJiq

4 replies (most recent on top)

Not sure why New Engineer is getting downvoted. Seems like reasonable questions.

Sonya's comments during a recent town hall suggest that they budgeted for 2021 VCIP even with the recent cuts. Her forward-looking comments about VCIP restructuring in 2022 and beyond are probably more of a concern. My unsolicited advice for any new hire is to not budget for the bonus and put the extra money towards savings/investments if you do get it. New cars and boats are fun, but retiring a bit earlier is cool, too.

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Post ID: @hydv+17sByJiq

It's not one of the lowest success shares, but I wouldn't could on a VCIP like we've had in the past. Still, part of the VCIP is safety and High Performing organization (whatever that is - I could never get an answer of how that's measured) so we should get something.

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Post ID: @6xzu+17sByJiq

It's not one of the lowest success shares, but I wouldn't could on a VCIP like we've had in the past. Still, part of the VCIP is safety and High Performing organization (whatever that is - I could never get an answer of how that's measured) so we should get something.

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Post ID: @6sjb+17sByJiq

Set your sight to a low or insignificant VCIP. If lowering the variable bonus helps save jobs at our already lean refinery, you can count me in for the long-term vision...

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Post ID: @5sxe+17sByJiq

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