was told that rate will be extremely low this year, and so is the chance for exceeding in PMP. what a joke? why people's promotion is tied to stock performance??
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IT is cutting their promotions down significantly this year. The honeymoon with digital is over now that we are moving from CTC to SPD. Of course, they will still promote the already high PSGs into even higher PSGs with a ROM just around the corner. This might actually be a good year to fly under the radar and not get promoted. Play the long game and survive the ROM!
we were told 10% for our whole org. pretty arbitrary number.
It is ten times easier to get promoted by just changing jobs. I do it every three years.
Is this related to layoffs?
Promotion is a big joke in Chevron.
10% for us, which is really cr appy because we've been used to that 20% range in the past.
The guidance we were given is 15%.
The 2020 transformation introduced grade inflation to Chevron, what every parent sees in their kids' report cards. EE's handed out like candy with the 'promise' of advancement, but the same number of promotions as past years. The alternative was the prior evaluation system, where high-pots got all the 1's, the hoi polloi routinely got 2's (maybe a 2+ if you walked on water that year), and the trouble-makers and complainers got the 3's. We are about due to bring in another consultant group and introduce yet another flaccid evaluation system.
From what I've been hearing they don't want managers to give many exceeds this year to keep things down. I'm somewhat suprised there isn't another "Transformation" being discussed with the way management seems to relish layoffs here.
Two chances of getting a promo
Promotion rate is same every year - about 15-20%. If boss is signaling otherwise they are simply making up nonsense to avoid a difficult conversation.
The shareholders haven't gotten an big enough bump yet. Nothing for the workers!
YOU are the "higher returns" part of the vision (ie, no one will be getting promoted ever again)
heard the same thing from recent mid-year PMP