Not enough people are resigning! We need more quitters or else raises are going to be bad to try push more people out of the boat.
12 replies (most recent on top)
Hotdesking will not double profit. The things that will double with Hotdesking:
- Attrition
- Misery
- WFH
- KM’s bonus
Hotdesking will not save or make any measurable money for EM.
Dallas knows that RE will be largely gone in next 5 years (even earlier with rising interest rates cutting lump sum), so the PIP effort is directed at 3 to 30 year experience low performers in groups that will be sold off or wound down. You better have a critical skill or you are gone if you are in bottom 10%. With recession coming, pay raises will suck for everyone except top quintile. For example, Tech companies are rapidly cutting compensation now. Bottom quintile will get nothing, second from botttom will not keep up with inflation. Mid quintile will get about inflation.
If you got promoted and are in a higher rank group...get ready for a 20% RG drop.
Raises will be astronomical. EM made $59 billion profit last year and with full implementation of Hotdesking, that number should double this year.
@1waq They’re discussing it because most of them don’t work for Exxon.
Most of the posts here are by people who’ve been PIPed in the last 12-24 months. The few posters who do work there are on their way out the door.
Either way, there’s been almost no useful workforce information shared here for months. It’s just whining about DEI and other culture war BS.
@jau+1nibRQ8e Imagine non-sarcastically typing that a KL bot can produce the same as a US resource.
You realize that if that were true, there would be one KL replacement per US head cut instead of the 3 or 4 that they use to try to make up for it? There would be no reason to hire beyond one.
Why are you guys discussing this? Did you already forget last year and how "THE RAISE" went to DW?? No wonder they pull the cr-p they pull - no one remembers!!! Hopeless!
Raises will not be good this year for US based on early feedback from Dallas. No more RE leaving as interest rates are historically high. Suck it up early career as you are now targeted. This will be the trend for the next 3-5 years. Not to mention KL knowledge is surpassing Spring. Why pay MLB salaries when hungry penny on dollar can produce just as well, just to give y’all arrogant Aggie/Longhorns time to pay off college loans. Losers.
26s and 27s are flowing downward . They are not over any people. I do not know if they deserved to be let go over the last 3 years or not but that’s a problem. Next is @XOM is supposed to purchase someone. I will be shocked if raises are above 5% for the non politicos.
Each business unit has a maximum cap on OPEX. In order to increase salaries, you need to encourage higher cost employees to retire and rehire lower cost employees or force a significant number of people to quit and not rehire the open positions or transfer people out of your business unit and not backfill the position.
Bottom line, if a business unit is overstaffed, raises will be few and far between.
Raises will likely not cover inflation unless you’re a anointed HiPo
They are going to be bad either way…