After ranking E last year, I had surprisingly low and disappointing % increase. That made me wonder if any of the more experienced folks, who have lived through $100/bbl+ can share how possible an off cycle increase would be?
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Actually, this could happen in a multi universe scenario.
So true, @1swx+1ffGvsX1, so true.
Salary midpoints are drifting down. Most of us got a bone thrown our way after a couple years of nothing. Expect salary treatment next year with a more drawn out time scale for most of us. Trending down not up. Forget it for a while.
In 2021, our OPEX is still higher than Shell, BP, Chevron, and Total according to the data released by Engine #1 which was provided to Engine #1 by the energy consulting companies.
That is why we are staffing up in Kuala Lumpur and Bengaluru, India. The cost of an employee in Malaysia and India is 1/5 to 1/7 the cost of an employee in the EU and USA.
Our raises in the EU and USA will be much less on average for the next five years until our OPEX is comparable to the other four majors.
If the $100 oil could just parlay into some higher quality toilet paper on campus again, that would be a small victory.
The good ‘ole days are gone forever.
NOT A CHANCE!
Some at BTC received mid cycle last year and it was a joke. Very small % and went by the ranking so many got 0%..
Least mid-cycle raise was 2006 (or 2007), when industry salaries were going up exponentially. EM won't do this again until they have to in order to retain talent. Given we are still trying to go down in numbers, not gonna happen any time soon.
Nope. Not gonna happen.
Impossible. No point in making 8% redundant if you're going to give that back in payrises to the remaining left.
He-l will freeze over first. Maybe in two years decent raise if these prices hold.
No likely