Anyone who is elated over their CIP just put a price on their self worth and dignity and proved that the golden handcuffs still work.
No doubt it’s nice for the short term and good for personal cash flow but let’s see how we feel after the next PDC or next round of ROMs or when we are working on something that has no real value or true impact but only exists to appease your leadership or help your boss CYA.
I plan to take the money and run.
That 1.5 CIP bonus will be offset by a less than stellar salary action come April 1. Watch and see.
MW had to move the CIP to 1.5 to placate the masses. It won't be anywhere near that next year. This is just the consolation prize. The real money is with the HiPots and those in PSG 25 and above. If you aren't in that category, you aren't going to be.
The regular man without any reports are here because the money is good. period. Isn't it obvious that retention is not due to job satisfaction? ROMs taught us that. So enjoy the CIP because it floats the boat.
1iip+1f65AAGr: thanks for your insight popcorn: Said no one!
High CIP multiplier is the opiate of the masses. It doesn’t make anything less broken here.
@mqw, speak for yourself only, dear. "no ambition" would apply mostly to others on the layoffs site, the types who have no life and troll here all day wondering how little work they can do and still get paid, and how long they can get away with the fake WFH excuse to stay unsupervised while doing nothing, lol.
OP, you have to realize that the average Chevron employee has absolutely no ambition. They're fine with having no opportunities for career growth as long as they can show up, do nothing of value, and collect an above average paycheck. If they had any ambition to earn more money, get higher job titles, or build marketable skills, they would have left a long time ago.
@bpf, if you're only looking at the time frame 2015-now, you're correct. The sad part is, before that Chevron was a much better place to work, one with honesty and integrity, which valued performance and ingenuity (that is, Chevron Way) regardless of what you looked like. All four of those have been pushed aside for D&I and outward appearance, rather than inward substance. MW changed everything, and not for the better.
Mine! I will take it, bank it and be thankful for it! Integrity, dignity, service, professionalism, blah, blah, blah… I am here for one reason; to become Financially Independent as soon as possible. If you are not financially independent, you are job dependent, a paycheck is your master and you are right there alongside the indentured servants. Call it what you want, for me, the goal is financial freedom. I do my job, I harm nobody else, and I bank it, am grateful for the opportunity afforded to me.
Yes, let's bask in the short-term windfall we'll get next month. It's basically a 'retention bonus' so the whole company doesn't quit this year. Remember lurking in the background are those 'high cost employee benefits' mentioned in the quarterly report, that are sure to be cut later this year. Save some of that bonus for your 401(k), or to pay higher medical insurance premiums / higher deductibles next year.
OP: Adios!
Understandable sentiment OP. There is also nothing wrong with simply being pleased with the CIP factor after a tough couple years. Nothing to do with golden handcuffs. If my pension is still there for me in retirement, great, but I’m planning my retirement funding to ignore that sum so I’m not dependent on the company for my financial security.
As far as the day to day goes of working on meaningless things, people generally know who the terrible managers are in their respective functions and avoid them like the plague. I plan to continue avoiding bad managers if at all possible, even if it means passing up a couple of jobs I’d like to take on. Mental wellness and reduced stress are much more important to me.
Look. I know I'm going to keep working here until they eliminate my position, simply because I'm too unmotivated to execute a job search until I have to. I have friends in other jobs in Corporate America, in higher academia, in K-12 schools, nonprofits, etc. We all complain about the same general things. Short of self-employment or outright retirement, there is no escaping the things that frustrate me at Chevron. We're all handcuffed by economic need to continue working. At Chevron, the handcuffs are gold. Elsewhere, not so much. Forgive me if I celebrate something that enables me to take them off sooner.