Thinking about bonuses next year helps me to endure all the things that don't work at Oxy.
17 replies (most recent on top)
@1obw+idsVurAN. If you make less than $100K or more than $150K that’s probably because that’s what your work is worth. Why pay people more than their work is worth?
Why pay white collar workers more if the job market can supply labor at or less than current wages. It is not like you people are the highly sought after grocery store or restaurant workers.
@lxm+1dsVurAN I guess you are the one writing checks. Why don't you asked all the people how much their salaries increased since 2019? Not everyone makes 150K a year and a lot are well below 100K. Why not pay them more.
That big bonus was a slap in the face to those who took the VSP the year before. Did those who were lucky enough to get the VSP in 2020 got the big bonus?
You are right on. The market determines raises.
Companies don’t have salary increase budgets based on inflation or cost of living. They are based on competitive need. Your cost of living is based on how you spend, your lifestyle, your preferences. Companies don’t try to keep you whole so you can spend based on your preferences.
To those who think Oxy wouldn't pay big bonuses because we have a lot of debt, perhaps you weren't around for the bonuses paid in 2020 six months after the merger?
@lxm+. “Most of the raises in the oil industry have traditionally not kept up with inflation.” Do you have data for this? Maybe it’s just your own experience. Please don’t tell us you surveyed your friends for this? If you don’t have data, this may be more about you and your friends then the industry.
What a cry baby. Most of the raises in the oil industry have traditionally not kept up with inflation. Why should this year be any different.
I sure hope so plus some good pay increases. Food, gas , and many other items cost have went up and will continue to do. All my insurances have went up even in the pandemic as well as my county and other taxes on my house. All have gone up with the exception of my wages. At some point our wages need to at least go up with the cost of living. I read where 2022 Social Security should see a 6% increase. I personally feel 2022 will be a tough year with the cost of things and any extra cash will help.
I believe bonuses will be paid at 100% of target for most people.
Question was already asked in the last townhall. EVP already told us no because all profits will be put towards paying down debt.
You might as well just ask your magic 8-ball the yes/no questions.
No. Sorry this year they will give your bonus to the Oxy shareholders where it belongs.
Sure they will, you can count on it, go take a payday loan out against it…
No, I don’t think Oxy will be generous. Remember “Raising the BAR?” The new performance evaluation matrix is designed to reduce the total bonus dollars paid. Also, we’re still in debt up to our eyeballs.
yea, i truly believe they will...i think they have something up their sleeves. i think they want to payout 100 percent because they want to purchase something IMO. i just want them to payoff debt asap.