Add me to the list of folks whose ranking plummeted at age 50. Went from upper 1/3 (old system), outstanding, good, NI (50), NI (51) all as CL28. I turn 52 next year - am I correct that I can ride out any ranking til 55? It’s totally demoralizing and maddening, but I want the retirement status (75% pension, health insurance) … and the paychecks will be nice too (thorough those could be replaced). My sup alluded to needing to get me out of NI for 3rd ranking… as if that was ground for termination (even as NRE)?! I just want to put on the cruise control for the next 3ish years!
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Went NRE and NI in 2020, then NSI and back to NI. Retired 2023. Net worth increased by another $1MM since NRE. Went from comfortably NI to comfortably FI. Good luck to everyone.
@4qzh What is it with you EM guys and all these weird spouse analogies?
All DW cares about is humping India. They are the new hot girlfriend and we are the wife they just dumped
@1hhw+1o2ss5Bm delusional much? Part of the brainwashed?
I did exactly what you did and put XOM in the rear view mirror. The toxic culture was horrible and the things I was asked to do goes against my sense of integrity. I can’t imagine finishing my career that way. So much happier now that I’m out of this place.
@1jfx The “good old days” for O&G have been over since 2015. There was a short-lived hiring bo-m from 2017-2018, with a lot of chatter about reducing headcount towards the end of 2019.
In other words, all Covid did was accelerate existing trends and expose bad business practices. What happened post-Covid is that they came for you and the other white-collar peons who thought yourselves to be tycoons in waiting, and thus safe from the avarice of the borderline psychopaths for whom you toil.
First of all, the “baby bo-m” ended in 1964, so if someone is just turning 52 next year, they are a decade past boomer status. Second, the “safety” of NRE only stems from the companies’ legal advice that if they terminate too many people too close to retirement eligibility, they could be sued for age discrimination. Third, there are also rules in the new system about a maximum number of consecutive NSI years employees are permitted before termination. There is no such thing as safety at the mother ship anymore. They could flip you back and forth between NI and NSI a few times and still comply with the rules.
At this stage of your career, you are working for the lump sum and nothing else (proverbial pot of gold at the end of the rainbow-even if you aren’t a boomer). The future won’t look promising from a salary treatment perspective, but play the long game as best as possible, the big reward comes after retirement.
Investing in knee pads is the best option.
I honestly never noticed my ranking until i reached my 60's. After that my ranking started to drop until I final retired at 65. I did not retired because of my ranking, retired because I was old, tired, and had enough money. Today, I still am, are and do.
What was such a shocker to me, is how prevalent it is that XOM tanks people in ranking as they get older. Never imagined it would happen to me, until they delivered the NSI. I immediately realized I have two options.
Option 1: stay @ EM and be a victim, live a life of resentment, fear, dread, and bitterness - holding on to my “career”, paycheck, benefits, and pension for who knows how long - before the next annual lashing. Although, I could be canned at any time. How could I trust a company with my livelihood after a complete NSI blindside?
Or…
- GET OUT. Put EM in the rearview mirror. Live my one precious life with all the joy I can, put my talents and energies somewhere they will be valued and celebrated.
I chose Option 2. This is a radical and scary change to make. Because: You might not make as much money. Your benefits might not be as lucrative. You might need to downsize your house, car, and spending habits. But, in return you will have a QUALITY of life and soul enriching experience that money CANNOT buy.
Imagine, this is your last year of life. Or perhaps your last decade. How do you want to spend it? If it’s all about the money, money, money you could be in the right place.
If it’s not and your soul is crushed, and continues to be crushed - - - recognize that you can have so much more from life and go get it.
PS: emerging from covid, the world is different and the “good old days” of big oil are over. Thinking if you hang in there, just work a little harder and things will improve is a fool’s errand. Offshoring, end of pensions, significant cost reductions abound - the vice is only getting tighter.
Those that believe that being NRE between 52 and 55 makes you safe from PA NSI/PIP are delusional. Remember that this is employment at will. Exxon can get rid of you for any or no reason with a two week notice. So, stop the bullsh-t. Nobody is safe here. And with DW in charge and his passion of moving jobs to India we will all be fired one way or another very soon. My very strong suggestion is save as much as you can starting NOW, polish your CV like right now, send out job applications now, and be ready. More layoffs are coming. Exxon is not making enough money in Darren's opinion. He is looking for more "cost savings", or like KM said: above the ground costs (that means all of us) And, of course, there is someone in India ready to take your job for one third of the cost. Good luck to us all.
That’s the problem. If you put on cruise control, your performance will suffer
You will be safe as turning 52 anytime next year counts.
You can defer pension to 60 if you want 100%. Live on your EM savings. See "IRS Rule of 55".
If you go lump sum, you get more like 90% vs 75%. I did this (but when rates were much better SEP22)
I find it hilarious. You old boomer republicans are all for "right to work" style rules and anti-worker protections under the guise of "that's SoCiAlIsM" yet you now cry wolf when the door hits you on the way back. So glad I live in an actual first world country...
Don’t count on being safe at 52! That’s only the current policy and can change at any time, just like everything else they have taken from us.
You aren't guaranteed an extra million, entitled boomer.
Sorry to hear that.
Supervisors will often reassigning work with high visibility to favorites. That’s even if you are the most qualified. Once they write you off the list for any further promotions, your best hope to stay alive is be a stepping stool for HiPos on their journey up. Or let others take credit for your work even if their contribution is minuscule.
Depends on when you turn 52! If it’s prior to ranking then you hit NRE status and all good because you are safe from performance ranking till 55. If it’s not prior then you need to get out your knee pads to avoid NSI.
@ngb Good luck with that. Government in the US at every level is bought and paid for by corporate donors.
It’s especially rich reading a comment like yours on an EM discussion board, as EM employees skew heavily towards republicans, and it’s republicans who have spent the past five decades removing any and all checks on corporate power. I guess it was fun until they came for your livelihood.
@OP Occam’s Razor:
You got complacent and your performance dropped-off.
Once you hit NRE you’re safe from anything “performance” related
This is sickening to hear of another obviously targeted person. You have to get gone so someone, somewhere in a low cost country can SCAB your position. For starters start becoming proactive against the American exxonmobil employee replacement action occurring. Speak up! Seek out sources to enforce laws, create laws! Anything you can except sitting silent!