Heard that salaries would only be going up 3-6%. Essentially equal to this year when you factor in our "bonus". Or in other words 5-10% real wage loss.
Do they just assume we are headed into recession and that we won't have any other job opportunities?
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Any nuggets of wisdom? My gut is inflation/3 for non HiPo.
bump
I heard no less than 10%.
Any figures yet? We can’t be far off from communication starting
Speaking of raises, the only thing that's going up will be management's weiner$hnitzels.
So, I am making sure that I cover my A$$ets adequately to ensure that I don't get $crewed royally in the process.......GLTA
Someone in a lower assessment group can get a higher raise because they also received a promotion (merit + promotion) or you may have received a lower raise (merit) because you’re maxed out on your salary reference (i.e. you’ve hit the pay ceiling for your current CL)
How is it that you can be ranked excellent barely get any raise while someone with just a very good gets a higher % increase?
Good raise would give respect from my wife and kids. Who cares about the fake ones from managers.
If the US is getting that, I wonder how much less we'll get in Europe. Lights out...
Sick of hearing about the raises! Want some respect, honesty and loyalty!
The Business Line wants to dump people too so it cuts their costs!
Be glad you're getting any raises. Some have been fighting for one for over 5 years.
EM is awful.
BuT tHeRe’S a PeNsIoN… Run the pension calculator and read the fine print. If you can make more than 10-15% you are making now. You will make up the pension difference at a much less toxic workplace and will be laughing when your yearly RSU (not your bonus or base salary raise) is bigger than what a 3-6 EM raise would have been. With the track record of terrible middle management and the overall company taking massive dumps on the average employee… I can’t believe anyone still works here.
The bs we're being fed from site management is that XOM lags behind industry by about a year, so we should expect this year to be marginal, and next year to be better. That of course is bs, both years will be a$$ and I'll have left by then. Came in as an experienced hire, my real wages have only gone down working for this clown show.
Do they assume we are headed into recession? Yes. They have more-or-less said this in forum Q&A.
If I distill down the combined responses to salary questions and cut out all the fluffy words: They don’t want to believe inflation is as high as stated. Since any change to salary is cumulative (and not year-to-year like a bonus) they want to study it and get more data points. This is also self-fulfilling, since they know that the Fed it trying to battle inflation. Each data point will be subsequently lower. Therefore, the longer they wait, the lower the salary treatment. This approach probably saves 3%-4% salary treat.
Do they care about you quitting? No, not upper management. Your Business Line may care, but they are powerless.