15 months of service? What?
Leave! Now!
8 replies (most recent on top)
You can expect more floggings until any critical is formed out to communist and 3rd world countries. Durwood and the second lines have been compromised
Sorry, thought you had 15 years, with only 15 months, I’d be long gone! Sad to say, It will not get better. Cut your losses and get in to a better company, asap.
@aom+1rtqpUKd If you take a LS on your pension and roll it in to your 401K, it might surprise you how fast it grows.
I took the PIL in 2021 after 22 years, rolled my LS pension in to my 401K in 2022, and the compound interest made on the account in just 2 years, has more than DOUBLED the pension value. I’d have had another 12 years to retire from EM, so with me controlling how this money is invested - I’ll be able to invest it way more aggressively than had it just been tied up in EM’s pension fund.
The slam to your morale is crippling when you get PIP’d. I’d suggest get the heck out of there: take your self dignity, experience, energy - enthusiasm, and bring it to a company that values you.
Don’t worry too much about what comes next. Work hard, the money will follow. Roll the LS pension in to your 401K, and it will sky rocket.
I'm in my early 50s, so just waiting for the inevitable PIP this quarter. #inspire
If you only have 15 months with the company and you have been put on a Performance Improvement Plan (PIP), it is time to resign and accept one of the alternative job offers.
You will be in the bottom 1/3 of the ranking for the next five years before the company will even consider moving you up in the ranking.
If you are unhappy with your daily routine you should get out. Beyond that it depends on a variety of factors.
How old are you? (If you are closer to retirement it makes less sense to leave, see below)
How many years of service do you have? (Unless you will retire with lots of service your pension may not be worth what you think… check the pension estimators. 20 years of service will yield an annuity of around 30 to 40 % of your monthly salary…. Impressed?)
Can you retire at 55 financially? (Again can you leave early on your own terms in a few years?)
What is the career path potential at new job offers? If you’re younger you really need to look for a good situation that will have opportunities to grow… if you’re a U.S. based employee ExxonM likely ain’t it.
Does the new offer meet the current salary (including enough extra pay to save to make up for the pension)? Money is important but it’s not happiness or satisfaction. If you can make yourself financially whole and be more satisfied elsewhere then why stay? If you’re going to take a pay cut then the decision may be harder.
I'm currently facing an unwarranted PIP, which, despite being advised not to take personally and being unrelated to specific tasks, is a darn surprise to me. I've completed 80% so far, I have to wait til April to finish it. Fortunately, had some interviews... I now have three job offers: one from Total and two from other companies in the renewables space. I'm at a crossroads about whether to stay or go. Any advice would be greatly appreciated in making this difficult choice. While Exxon offers a pension plan, which is a significant consideration, I'm still taken aback by the PIP, especially given my track record of very good performance and nothing but 100% dedication over the past 15+ months with the company. Go figure.