What have you heard about raises or additional special payments in the US?
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4%, 5 if you're lucky.
Even with industry leading profits with reduced headcount, raises should not be expected to be in line with our competitors who’s lead announced 8% or higher.
It should be a little better than last year.
Executives expected to vote each other huge bonuses by end of November.
Watch the SEC form 4 filings
Don’t forget the splintered 2x4.
If I recall correctly, the salary escalation for corporate planning was 6% in 2019. So everyone who got ranked in the middle received a ~6% raise or a bit higher if you are low on your salary curve. Our profit wasn’t that high compared to what we have now. Inflation back then was 3%. After COVID, the company just kept doing crazy things that does not make sense as it was possessed.
Raises far below inflation (or 0.0) until all US workers quit.
On remuneration: Darren doesn’t care. He has a chip-on-his-shoulder from when we laughed at his claim he was underpaid. He has a chip-on-his-shoulder because of Engine No. 1, and having to fund LCS. He threw in the extra OPEX cuts just for posterity. In his mind, he probably sees outsourcing and less-competitive benefits&wages as payback. …or karma…or cause-and-effect….depending on how you assign his motives.
He is happy to only profit share with the Shareholders. If asked about it, I bet he would tell us to ‘buy more stock if we want a piece of the profit.’
Doubt Biden’s windfall profit goes anywhere. …but how sad would it be to know that a portion of those OPEX savings came out of employees’ Benefits&Wages just to be given to the government? It makes you really wonder how you define ‘winning,’ doesn’t it?
Tell us more about this training material. Competitive total remuneration? That has been the pitch since forever. It has been truer in other years.
As weird as it sounds, can’t we just take the sticky note and be done with it. Direct supervisors don’t decide remuneration. I don’t need some befuddled, I-don’t-believe-it-either explanation.
Before COVID and all the other stuff what was considered a normal year in terms of raises?
Just missing some data points so I am curious how much things have changed.
Take whatever you believe realistically computes given the last couple years and then reduce it by at least 50%
That is likely to be the raises offered, even though they completely missed the mark last year on the inflation factor for raises (thanks salary planning folks).
We got free ice cream. Is that not enough? ;P
You want a rise? Turn around, bend over, grab your ankles and be grateful for what you get.
Across the board 3% raise, O 10% (OD 12%), E 8%, VG 6%, G 4%, rest 3%
Last year in my company, the raises were 8%, 5%, and 2.5% for O, E, and VG. Extra 5% for a CL bump. I'm guessing they'll be slightly higher this year, but not much. Maybe 10%, 8%, and 5%, similar extra for a CL bump. I have no actual knowledge of the salary program this year. I'm just guessing.
But I wouldn't expect more than that, even though our windfall profits coupled with high inflation and multiple years of terrible raises and the loss of the 401k for a year should equate to big raises for everyone... If they're trying to retain talent, which they clearly aren't.
I bet the house that it will be less than inflation!
They aren’t using stickies this year to save on paper. Already saving on styrofoam and plastic silverware.
2%
All of the training material this year is geared towards talking about total remuneration. EM is doubling down on “we compensate for the long term career” and “we benchmark against like companies. Not tech companies. Tech companies are too short sighted. our long term compensation exceeds all.”
Supervisors were instructed to not give a sticky note with % raise and new salary, but rather verbally talk about the new salary only. I guess HR thinks figuring out percentages after a verbal discussion won’t happen? Or they don’t want us to dwell on how low the % increases are?
There will be no additional special payments. Quit dreaming. They said in the Uncon forum we are behind kn compensation and there are no plans to catch up. Studies continue. If they came out and asked us to quit the message wouldn’t be any clearer.
No raises this year. In lieu, outstanding employees can wear jeans one day of the week!
5% OPD and another 5% for CL increas
I think this is going to be a gutcheck year for exxon. The company would prefer if you left. I guess they don't realize all they're going to have left is the low/middle performers once everyone that is worth a damn finds a new job.
The fact that there's been absolutely no mention from 'leadership' about it during and since release of the earnings should tell you all you need to know...
Why won't you folks accept our strategy and just leave???? 😉
I heard it will be somewhere between 0% and 100%