We spent a career being told that the pension and 401k match make our salary competitive. We didn’t forget. Our salary is no longer competitive. Click is ticking.
10 replies (most recent on top)
You can chip in by quitting so XOM can replace you with someone in India.
Prime example of best and brightest in exxonmobil. Too stupid to realize others ARE hiring and they ALREADY have their 401k match back
The 401K match should return only when stock reaches $90. In the meantime, we all have to chip in.
Heading to the Shell job board right now lol
ExxonMobil fixing the balance sheet is not my problem. However, poor compensation is my problem. Sounds like I should be applying to Shell.
Got an offer in December from Shell for 5% more base salary, a 15% annual bonus, 5% 401k match, pension, and 9/80 schedule. So yeah, other oil companies are still hiring lol.
if you dont feel your current compensation is competitive, feel free to leave to a higher paying job (vote with your feet)... you know, to one of those high paying O&G companies that's currently hiring.... crickets
Exxon needs to fix the balance sheet before any match is coming. We borrowed quite a bit last year to survive.
Most of the remaining survivors will need to accept a pay cut. Their job skills and incompetence do not warrant matching funds against the 401K plan, let alone their bloated salaries.
No soup for you