New hires aren’t just getting high signing bonuses, but also getting higher base comp, bonuses and stock than existing employees in the same role. What is going on here???
14 replies (most recent on top)
Lol at the guy with severe entitlement thinking he’s “owed” a promotion bc he’s been a loyal minion for 25 years
Typical MPC BS
Companies need to hire based off merit - if the best candidate is external, then tough sh-t
If they don’t hire off merit, they’ll end up like MPC where’s it’s mostly incompetent friends and family
Been here around 25 years, climbed my way to better roles through hard work and dedication to the company. Now New people with half my experience are coming in at way higher pay than I’m at. Tenure used to matter at mpc, we never would’ve filled these roles external before, someone internal would have been given the opportunity. Total slap in the face
I’m a new hire, and loving life; if that is discouraging to people, they can simply deal with it, or leave.
This is funny. I actually just had an interview last week for another company (been searching since last year) and the HR person asked what my current salary was. When I gave the honest answer the reply was “oh, wow, I figured it would be much higher than that!”. I did state that I was planning on making more, but this should tell us something. This company is also not an oil company. They allow 3 days a week WFH, way more vacation, and better financial/med benefits.
What numbers are people hearing for outside hires?
Any idea on job grade level and respective comp for the outside guys?
A 6-8% every couple of years isn’t much compared to: outside hires being hired 30% OVER what an equivalent internal is at, and retention bonuses of 50%+ that were handed out to the friends and family
You don’t owe MPC any loyalty. You need to start learning to be loyal to your paycheck. New MPC leadership doesn’t give a c*ap about you. They’re desperately trying to get new talent and if you think they’re going to increase your pay to match new hires you are truly a fool.
Don't agree with the comments that ALL of the existing employees being treated poorly. In addition to my regular bonus, I got a little over 6% raise in 2020 and just a hair under 8% last year. I didn't sit around and hope the company takes care of me, I have never done that with other companies either, I ask for what I want. I don't always get it but more often than not I get close to what I want. I also don't ask for big pay bumps every year either, only when I think the timing/situation is right or when I've gotten average raises for 2-3 years in a row.
It’s not a very well kept secret. New executive team wants to upgrade talent, and has directed HR to find people. HR has lots of new/added flexibility around comp, location, etc to make this happen. If you are a long time employee your days are either numbered, or you should expect to be treated as a second rate employee going forward. Decades of MPC is no longer a badge of honor
Why should they pay their existing employees more? Not like they are going anywhere. Company is banking on the fact that existing employees are afraid to quit so they will not work on increasing pay for their current employees. Now if enough people leave, then maybe - just maybe - upper management will address the issue.
I work so hard for this company. Salary and working 60+ hrs a week since October 2020 with no additional pay, no positive feedback. My supervisor makes fun of all the people who “pretend to have such a heavy workload.” I’m scared of losing my job if I don’t get everything done and meet the deadlines. It is so discouraging to hear about things like this.
I’m on my way out for this reason
@led+1eHvw6Lm spot on. Why stick around when another company will pay you better?
Talent costs money. If you have the talent, apply for the jobs and demand the money. Or leave and get it somewhere else. Some companies have no real way to deal with salary compression that happens over time, and your best bet is to leave and go elsewhere, or leave and come back. (Or get an offer elsewhere and get them to match.)