I'm considering a job at Schlumberger. What does the benefits package look like? Health insurance costs for family, profit sharing, bonuses, employee stock purchase plan and vacation/sick time are primarily what I'm interested in.
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Year after year, this company reduced their benefits in par with hiring third country nationals with visa sponsorship needs and of cause an army of contractors. It has become a near disposable workforce; of cause excluding top management.
Pragmatism and integrity are uncalled for and potentially damaging to one's upper reporting line.
The argument among top and upper management is that everyone is a commodity and overcompensated. This is due to them being dislodged as they only concern their own pay and how much they do for it. Yes, they are aware that they're frauds. So they relate from them onto anybody else and feel everyone is out to steal and rob their balance sheet dry... because that's what they do. Reality is that it is an international plumbing business with a bad culture, little employee development, zero liability towards its employees, and a benefits package that is the bare minimum for employees and their families to not consider switching jobs.
I hear rumor slb will annouce big lay off next quarter, please answer respectfully
The benefits are good if you need them, but if you are young fit and healthy you might not appreciate each pay check when you see you medical deductions you are paying out.
Do not ever pick a job purely for the salary or benefits - try to pick one you will enjoy.
No matter whom you work for you are still an employee, again slb is a good one maybe not the best.
Each company changes attitude toward employees. Slb does too.
Lots of growth opportunities with slb. I did certainly enjoyed working for slb. Maybe because I was working during good time of slb.
All aside if you like what you do,you will enjoy working for anyone including slb.
You should work in Procurement.
That way, you don't have to do any work, no accountability, but still have job security.
I got laid off from my job at slb. In fairness slb is a good company to work for for a while or forever,it's all in your hands.
Regarding the bonus, approximately 50% of it is linked to the company and product line financial performance. It is a buffer out of your control. The other half is split equally between your team performance and yours. That said, objectives tend to be overly obscure and generally are irrelevant to your day-to-day job.
A practice that got more and more common since the "blueprint" (another genius initiative from our CEO) is to cascade management objectives directly down. A failed implementation of the balanced scorecard system.
My last meaningful objectives were in 2010.
I would never recommend SLB as an employer.
Depend on which department you will working, how quick you can get engage with your manager daily talk. Slb is not the best to work for. But it is a good place to get a name for yourself, squeze all the money drop as you can then leave because most likely you will be laide off when you get above 50. My advise pump your salary high at start and you wont regret when you leave.
benefits are not higher than any other company. so it doenot not make up for lower salary. bonus is mostly based on your team and company performance. chance you wont lot of it. the issue is that there is always high chance to be laid off. stress level is too high. not worth it
No interview yet. Talking to a recruiter and trying to decide if I want to interview or not. Salary range is lower than I want, but if the recruiter is being honest about benefits then they would more than make up for the salary.
Basically, I think the recruiter is over selling the benefits and I'm trying to get realistic information. I don't want to waste my time or the interviewer's if compensation isn't where I need it to be.
Agreed, if you didn't ask and they didn't tell, you didn't make the cut.
Thanks, that's good information.
Is the bonus only based on individual performance or overall company performance as well? Do goals tend to be reasonably attainable?
Lots of layoffs in the past year, so strange you are being hired from the outside.
6% match 401k
decent insurance, but high deductibles, cost is a few hundred a month
Either no bonus, 10%, or 20% depending what level you are at. Bonuses are based on your yearly performance reviews, if you are eligible for one.
15 days vacation, 40 hours sick time, vacation approved by your boss.
I don't want to waste their time or mine. I got a rough salary estimate which is a little lower than I would like but I was assured the benefits were great and would more than make up for it. I'm skeptical though because recruiters will tell you anything to get you to take the job so they get paid.
I know most on here are jaded and cynical and are more likely to be honest about how good or bad the benefits really are.
Go to the interview and ask. If you have already had your interview then I feel you may have made an elementary mistake and your progression in this lame company will be nil.
I should also add the job is in Houston.