Since the Petrotech supplement went from 8% to 5% I'll make less money in 2016 than 2015. Did this happen to anybody else? I guess that guy asking why we don't trim salaries across the board kind of got his wish.
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Just a dumb Texan but (thinking out loud) any petrotech / geotechnical Etc....receiving an uplift in this price environment should consider themselves very fortunate. Doesn't make any sense when layoffs in the industry exceeds natural attrition. I do hope ,chevron can continue the 5% dividend for its shareholders for those of us left onsite
No, we weren't lucky to get Petrotech. It was a sleazy way for the company to deal with the fact that they were paying below market.
Honestly I'm shocked there is still a petrotech supplement. It's very prudent to think of it as a gift every year, you are lucky to get it at all!
That's such a shame that you got a minuscule reduction in your self-entitled supplemental pay, essentially a bonus, while others are sweating it out with no job or getting ready to lose theirs. Remind the rest of us to cry you a river.
Only at Chevron would they let go of Petrotechs and still pay a premium for Petrotechs. This place is nuts.
Got a very small raise in base pay, but more that i expected since a salary freeze had been announced by Watson.
OP, don't feel so bad. Since I was laid off from Chevron, my salary went from 100% to 0%. I'll make less money in 2016 than 2015. This also happened to many others. So count your blessings that you still have a job, you conceited bastard.
If you got a base increase are you safe? Why increase someone's base pay if your going to fire them
Nope. Salary didn't go down; raise just wasn't as big as in the past
This is by design.. Chevron for years has been lowering base salaries but increasing variable pay to make up the difference. The intent is to have the ability to adjust variable pay effectively lowering salaries without reducing base salary...it's quite slick really.
Say this coming years ago, and you should have too
It's always dangerous to view variable pay the same as fixed pay. Things like the supplement or CIP are not guaranteed "safe" year over year. I'm sorry you are now feeling the pinch of a lower supplement.