A sincere thank you Jeff. Received my payment today. Even after taxes it is enough for me to pay off my mortgage. I've got a lead on a management position at a green energy company. Constructive Dismissal was the right option for my family.
7 replies (most recent on top)
Wow, Husky bonus structures were terrible!!!! Any legacy HSE staff who remain at CVE must be over the moon with the new bonus target structures. It sounds like the average senior or staff technical employee received bigger bonuses at CVE than managers at HSE. Wow!
It does not surprise me the lack of credentials comment. IT kept the worst leader (Director), a guy without education, no credentials, everybody hates him. As I read here, Do not trust the fat guy he will eat your food.
Well how is it fair that leads and superintendents with grade 10 education at Husky get 40 k in bonuses? Doesn’t senior management check their credentials? At least have grade 12?
I remember as a manager we always tried to give admin and technicians their full bonus to top them up, as the comment below is very accurate. Their bonuses were closer to $5K vs an engineer at $20k+ so we always maxed them out. Easy to justify when you ask yourself who probably needs it more. It’s important to stop for a moment and make sure we don’t become what we criticize (i.e. like our greedy senior leadership).
Husky has a history in letting go smart people. They were a nuissance for the political games.
obscure ways of promoting people to manager positions, including skirt shortening.. been there saw that. Gland Im out. It was toxic
Don’t worry, Big N was heard talking about how he will be replacing Jeff soon. It’s going to happen.
Wow...
This is really hard to read. I'm not sure if this is real or just to make others feel bad. Reading others posts about bonus & payouts & how great they are is really hard to swallow.
I know we are all Oil and Gas, & for the most part we should be thankful for the opportunities that we have been given & don't get me wrong I am.
There were some great years for many of us, both with compensation but also in the satisfaction of a great job, team & for some of us we actually used to be proud of where we worked. Those years are long gone for me & most of those I have worked with.
The smart ones have been frugal with their money, but there is a major disconnect between the different levels of people at both CVE & I assume Husky. For those that are not the upper levels of teams, or management life is not as rosy.
If your a lowly support staff person there is a major discrepancy between the way you are treated.
Right from the opportunities for job advancement, to education & training opportunities even the BS of where you can have your desk & how big your space can be. But most especially for your compensation.
For those that are complaining about the $20, 000 bonus discrepancy vs the six figure discrepancy. I agree, but why don't you look at those below you? Try watching others do the same work you do but you get a great bonus of $ 5000.00 or your LTI"s are capped at 900 ( total grant) & your severance package?
Oh yeah.. I really do hope they treated you well because everyone should get the best they can. I don't wish ill upon anyone.
Please remember when you have that golden parachute that those on the bottom are barely getting 2 weeks per year severance (base salary not total comp) & that's if they are lucky. (with over 15 years with the company) With your benefits cut off immediately. These support people that I'm speaking of work hard, have little opportunity for advancement & get screwed over time & again.
The final kick out the door is no different. If I'm lucky my payout will cover 2.5 months on what I''m betting is a very different lifestyle than yours.
There is nobody left to fight for them.
There should be a consistent and fair severance for all. It shouldn't be like haggling for a c-appy used car.
I really do hope that you did well. For those of you still standing, look after each other & remember not every one gets treated as well as you do.
Good luck everyone.