I'm guessing a 1.5% salary program and a 0.9 corporate CIP factor. 2 years without a salary program will cause newer employees to consider leaving. 0.8 CIP (last year) seems low now that commodity prices are recovering. thoughts ?
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The faltalities will be used as a convenient excuse to set the corporate CIP factor to where the Board of Directors care to put it. For 3 years running, Chevron CIP is no longer an "Incentive" program, as the acroymn's middle letter would indicate. The corporate factor that's given is a figure that's backed into based on a defined "budgeted" amount.
No one mentioned the 10 fatalities that will certainly affect CIP. Pretty dismal performance financially and from a safety perspective. This is a shared bonus even for the ivory tower folks that have never seen a drop of crude oil.
Most IOC have frozen 2017 salary budget at 2014 to 2016 levels. There is no reason for increase because competition for talent and job hopping is non-existent. And competitive surveys show CVX salaries are competitive enough to retain talent. Don't expect big increases till attrition picks up.
CIP is only backwards looking when it helps the company. It was definitely forward looking two years ago when they set a low number because of the drop in oil prices that had only recently started.
If they have a good year set a low number and say next year is supposed to be really tough. Have a bad year, set a low number because previous year's results were poor. Employees lose either way.
0.9 Your A$$. You'll be lucky to keep your job, loser.
"CIP not even up for discussion this early. WAit another month or so." - 5ghv
seriously? they're discussing that right NOW. The worldwide townhall is in a few weeks when Watson announces the corp factor. I'm sure they're pretty close to figuring this out in the next week since 2016 financials close this week.
.9 CIP is my guess as well. Although the CIP is supposed to be backwards looking (i.e. 2016 results), which would suggest a .8 or lower, I can't help but think that the Board will set the CIP with an eye to the current stock price and commodity prices.
No idea about the salary program. I'd be happy with 1.5%. Another freeze would be unprecedented for Chevron.
CIP not even up for discussion this early. WAit another month or so.
True dat, my Butthurt Brothers.
Youll soon realize the only Bonus needed is another year on the job.
True 4fon. When you are out of the job, you realize how valuable it is. Hold on to it.
I was told no salary program or CIP increase from a reliable source. I am happy to have a job, no worries for me. Good luck and hope you don't have your hopes up. A job is very valuable these days. new hires and people wanting to quit can Bite me for all I care. Carry on. The more who quit, the less chance they will cut the ones of us with a work ethic.
I agree with you. You are guessing.