Thread regarding Chevron Corp. layoffs

Are you satisfied with the current benefits Chevron offers?

I'm asking specifically about benefits, not your salary.

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Post ID: @OP+1iLI6oZo

29 replies (most recent on top)

Kaiser, & California? Well there's your problem. Lmao
Nuff said!

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Post ID: @6fwx+1iLI6oZo

The health insurance is much better than my last job. And the rest of the benefits are much better than all of the other offers I've received at my hire date and also recently. It's almost as if there are one or two trolls populating this board with false negative comments to make it seem like more than one or two losers are disgruntled. You always get a few losers always complaining, namely one and the same as those who refuse to carry their own weight. It's no big surprise that they would be on the layoffs board, a place that suits them quite nicely.

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Post ID: @6kup+1iLI6oZo

I love how OP just assumes that we all know the pay is horrible. And it really is

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Post ID: @6foy+1iLI6oZo

The points are worthless. 75 is all you need.

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Post ID: @4fsc+1iLI6oZo

The health insurance is terrible.

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Post ID: @4xbo+1iLI6oZo

The retiree medical and dental costs have dramatically increased. In California, Kaiser permanente medical is $1000 per month of a pre-65 couple. Absolutely ridiculous for those that worked to get 90 points for the medical benefits! The pre-2008 lump sum was awesome though. I see that dramatically changed post 2008.

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Post ID: @3ibv+1iLI6oZo

@2gbb, Your post is 100% inaccurate. Nothing in your post is true and it all sounds like a Q-anon style completely fabricated conspiracy theory. If you can come up with any one point of grievance that has any truth to it we would love to hear and discuss but nothing that you brought up has any basis in fact so I suppose you have nothing, like your post reveals so we won't hold our breath.

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Post ID: @3cyl+1iLI6oZo

Pay in the lower echelons is quite meager. All PSGs should have genorous stocks.

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Post ID: @3huq+1iLI6oZo

Some may consider the expat benefits good, but they have been trimmed back vastly over the past 15 years or so.

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Post ID: @3hln+1iLI6oZo

Come on guys.. I’m no blanket apologist, but when you state blatant misinformation you discredit all your other points..

To the previous poster, 401k match hasn’t changed in literally decades.. pension hasn’t changed since ‘08, and those employed before then were grandfathered..

Medical benefits do change from time to time, but Chevron benefits are pretty competitive..

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Post ID: @2wtx+1iLI6oZo

@1zzm, entirely correct. Chevron has quietly, plan by plan, year by year, degraded virtually every former benefit. 401(k) match... pension calculation... vacation calculation... medical benefits (co-pays, deductibles, authorizations needed, etc.)... retiree medical benefits... "... it feels more and more like the downgrades in our benefits are designed to hurt employees in the older age bracket ... and the upgrades, if any, are to address what a younger employee base might care about..." Precisely. Chevron does not expect you to last with them beyond year 20 of your career. More correctly, they don't want you to stay with the company beyond that time, you're too expensive and not producing enough. Their analytics have shown that younger employees, with less vacation and fantasies of rising in the company, work harder with fewer complaints. Older employees have realized that it is an illusion and have quietly quit by about year 20 (or their mid-late 40's), assuming they made it that far. Diminishing benefits older employees value has pushed quiet quitting to younger ages, it used to start around age 55 before.

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Post ID: @2gbb+1iLI6oZo

I've worked for two other oil companies. Chevron's benefits are above average to excellent compared to other companies, and the retirement benefits for those hired prior to 2008 are spectacular. That's precisely why our pay is average to below average, because the benefits are so good.

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Post ID: @2ybv+1iLI6oZo

I am very satisfied with the current benefits compared to my last company. Particularly with the health plans. You guys don't know how good you've got it if you haven't been anyplace else. Sometimes these threads are like people commenting who are living and working in some magic bubble where they have no idea what's happening at other companies.

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Post ID: @2dgi+1iLI6oZo

Where are the 20% bump rumors coming from? I would love that but doesn’t seem like a reality.

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Post ID: @2yih+1iLI6oZo

I'll be happier with my salary once we get the 20% inflation adjustment. Although with the current inflation numbers it will need to be 25-30% to keep pace.

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Post ID: @2crb+1iLI6oZo

I’m not paid enough.

I did hear a rumor that the are expanding LTIP down to PSG 23. In the surface, the amounts look good, but when you factor in the vesting period and tax impacts, it’s really nothing special.

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Post ID: @2rwf+1iLI6oZo

Chevron pays competitive benefits. In some quarters, many will be quick to say Chevron pays excellent benefits. So shut up or quit your job, you whining runt.

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Post ID: @2mzk+1iLI6oZo

@ Tr4pp3d , complaining about family care benefits. Do some research on the extended family care benefits that were put in place. This is verbatim from the hr website… 7 weeks..

Extended Family Care provides up to seven weeks of pay per rolling 12-month period to care for an eligible family member with a serious health condition, or for any similar purpose under any paid family or sick leave law that applies to you. More information about how the rolling 12-month period works can be found below in the when it can be used section below.

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Post ID: @1rkj+1iLI6oZo

Id like to see HR revamp all the bennies and modernize them.

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Post ID: @1jvo+1iLI6oZo

Topic keeps coming up

https://www.thelayoff.com/post/@1bhc+1i0IptQ7

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Post ID: @1yyl+1iLI6oZo

Chevron has consistently been downgrading our benefits and sneakily doing so. I would actually have some respect if communications were clear and transparent when changes are made, but they, by design, are not.

How many realized that the vacation payout rules changed, for example? Previously we were entitled to the value of our entire allotted (not necessarily earned) vacation days for a year, no matter when our employment with the company ceased. Now we just get paid off for the days we have actually earned at the time that employment ends. That change alone is worth thousands of dollars.

If you kept some of the medical health benefit summaries from prior years and compared to current benefits you would see a similar pattern of pruning our benefits. Look at coinsurance amounts, for example. If you got hospitalized 5 years ago vs. today, what would the coverage %s be? What are the max out of pocket expenses today vs. In the past?

Lifeworks membership was another quietly axed benefit without fanfare.

There was a benefit of something like 7 days at full pay and 7 days at half pay (depending on your years of service) that you could use to take care of an ill family member. For those who are caregivers it made a significant difference (think if you take care of a dementia parent). Again, that got axed. What really got my goat was that we now are granting expanded bonding benefits to parents. Nothing wrong with that, but it feels more and more like the downgrades in our benefits are designed to hurt employees in the older age bracket (think those who would need medical care most & are more likely to be taking care of an elderly parent), and the upgrades, if any, are to address what a younger employee base might care about (e.g., child-related benefits).

I wish I weren’t trapped because at this point it is obvious that CVX does not value employees over 50 and is actively doing all it can to make our lives as uncomfortable as possible to push us out.

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Post ID: @1zzm+1iLI6oZo

The Sugared, Oiled & Salty food provided by Eat S#!t or Starve in the camp is woeful.

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Post ID: @1dkr+1iLI6oZo

I wish they would triple our pay, quadruple the lump sum and give the future value of it to us now so that we can actually use it, and of course WFH forever, which, as everyone knows WFH means, we wouldn't have to work at all, just pretend work while we F-off like everyone always does when we say we are WFH.

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Post ID: @ilu+1iLI6oZo

I'd like to see them expand the stock options to other PSGs. Its ridiculous you have to a 26, should start somewhere down at say 22?

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Post ID: @swz+1iLI6oZo

I wish they would close out the pension, give us a lump sum, and double the 401k match. And WFH.

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Post ID: @psh+1iLI6oZo

Came here from a mid-sized E&P and their bonuses, 401(k) and stock grants were all much better. Our health insurance is better though and significantly better than many other companies. Wish they'd fix the cr-p dental insurance.

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Post ID: @fro+1iLI6oZo

Post 2008 employee here. I’d rather get stock benefits than the post 2008 pension. I’ve compared our pension vs mid/small e&p annual stock benefits and the stock is much more lucrative. Our vacation benefit lacks as well, but the 9/80 combined with 2 Days WFH offsets this.

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Post ID: @yyh+1iLI6oZo

I think they could improve the gym offerings in some locations and subsidize parking better.

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Post ID: @ont+1iLI6oZo

A lot of people have been complaining lately, I'd like to see how prevalent that position is. I'm personally satisfied.

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Post ID: @huy+1iLI6oZo

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