Been with the company 8yrs and recently received an offer from another company for a similar role (remote) with a 20% pay increase. But no pension.
Part of me wants to stay at XOM and stay the course.
Anyone one have luck bringing this scenario in hopes XOM will counter the offer for me to stay?
I’ve only heard that “EXXON doesn’t negotiate” and just let’s you go.
Turns out you can say you have experience across broad segments of the industry when you literally have real experience at one site, lmao. AWS hiring standards are apparently just as re--rded as Exxon’s
Just take the offer! Especially with the pay raise and at this rate who knows how long XOM will keep the pension plan. You'll still get some $$ paid out to roll into your savings plan.
I had nearly 20 years of XOM service and a lot of time in Baytown OSD. I walked away on my own terms last year without a plan to the surprise of many and would do it again in a heartbeat given all the “change” that has taken place there. I highly recommend you just leave and enjoy the new opportunity. Glad to meet up for a drink to chat before you leave, if you wish… pretty sure you have my contact info.
I have a friend who tried to get ExxonMobil to match a competing offer. They said it was a slim chance and that it may take months to get an answer. It was a 30% diff in pay from their old role to the new one.
Lol at Everyone leaving XOM for amazon acting like amazon hasn’t been pip’ing bottom 10% for years. Look up Amazon’s “pivot plan” - if you can’t hack it at XOM well…. Good luck at amazon.
If you’re willing to leave, then there’s no downside in using your offer to negotiate. Just do it gracefully. “I don’t really want to leave, but 20% in a growth industry ...” see what they come back with. If nothing else, it’s excellent practice for when this situation may arise again for you in the future.
Having said that, it’s very unlikely they will be able to do much. Exxon HR systems are built around the idea they are a top tier company that has no trouble attracting elite talent. Salaries are set by HR, they follow directly from ranking, and that’s it. your boss (and boss’ boss, and boss’ boss’ boss) literally has zero ability to bump your salary outside of ranking. They can go ask HR, and HR might offer some flexibility to give you a bump. But 20% would be extremely unlikely. It wasn’t until I was a CL29 that I was able to give directives to HR on things like salary in situations like this, and even thenHR has limited flexibility, and beyond that they’ll say it takes DOAG 4 (president) to approve anything beyond (will never happen).
And even if you do get a salary bump short term, Exxon will claw it back over the next several years by allowing your salary to regress back to the salary curve.
Where managers have more ability to influence is on next role, so maybe you can negotiate a promotion to next level out of it. But even then very few managers have a clean +1 CL role ready and waiting. Your next role is usually a negotiation between your manager and the manager in the receiving org. And depending on your level, often those things are managed at your manager +1 level.
This is all a long way of saying, if you’re willing and ready to move on to AWS, then your best move is to gracefully, “more in sorrow than in anger” ask your manager what he can do to make it easy for you to stay. The result will likely be you go to AWS, but treat it as an opportunity to practice this type of negotiation. You’ll probably learn something useful to you later on in your career.
Enjoy AWS!
Factor into your decision that AWS is a growing company with opportunities vs a dying company in a dying industry. If you are only 8 years in chances are you will never make it to see that pension.
Don’t try that. You will been seen as disloyal and it will be known you are shopping jobs so you will have a big target on your back. They won’t match your offer.
I was in a similar position last year - asked for a pay our CL bump, my manager tried to make it happen but no dice from HR.
From Anonymous..."Pension is useless nowadays unless you plan on living to 80-90 years old." Sorry that statement does not make sense. I retired in my late 50's and have have had total use of that money. Must be a troll.
Do not hesitate. Take the offer. Whatever pension lump sum you get after 8 years, it will be truly yours to continue investing over the years as someone mentioned. A career at XOM and the pension are two very uncertain things especially given the number of years you have left.
Leave this increasingly toxic and dysfunctional place. There is no guarantee you're going to get the xom pension or only a fraction of it. Invest the differential in pay and let it grow. Over the course of 10-20 years, you'll be better off.
You seem to be suggesting that this company has competition.
Competing for what is what should be a question.
Competing for your skills is a maybe.
The way you say it. There is no compete.
What is the meaning of this.
I might be a useless tech lead, but i'm tech.
Ki----g floor butchers are automated now.
We're not.
Hey OP!
I resigned recently with a job offer, the manager did asked me what they can do to make me stay, but they won’t be able to counter offer. Unless you know presidents and above who will approve an off cycle counter offer for you, the short answer to your question would be a no.
Since you are getting a 20% increment, EM is likely lowballing you. You have high chance of falling into NSI in the next couple of years.
Best of luck!
Lol I think I know who you got the job through. She was a pretty useless tech lead. Represented everything wrong with how baytown managed careers and viewed technical.
But whatever congrats, hope you take it because F baytown. A lot more resignations coming soon...
Congrats OP! Are you a software developer?
OP here again, the company is AWS and was recruited by xom alumni. After reading the responses here, I’ll likely be moving forward with the offer. Opening in Baytown coming up soon! ;-)
Thanks all!
But I'm vested.
I get a lumpsum right?
8 years. The balcony office.
Counter offer? No they will let you go. They believe people will come back to them when things get good, but that will never happen.
Pension is useless nowadays unless you plan on living to 80-90 years old.
@xcw+1aYmWY8M - I don’t think that’s true for a lot of IT roles. I know folks in IT that are getting 20-50% remote job offers lately. We just really underpay certain jobs here despite your rank
Lol this is a fake post
Why is there a white crayon in my box, mom?
Is there another color paper?
Is that what you are asking?
Couldn’t help myself.I had to LOL.
The fact that you are doubtful about leaving this ssh hit place makes me want to PIP you
Left XOM years ago for higher pay and a bonus structure plus 9/80. Vowed to myself I would never work or stay for a pension and having to spend 12+ hours a day at the job, I had better find some fulfillment and enjoyment and appreciation. Best decision in my life. There is life outside of XOM. Better comp, valued and respected more, working in a more relaxed and enjoyable work environment.
Hard to believe the OP. Sounds like a troll and not real employee. You got an offer for a remote job and a 20% raise? And you have to think about it because of a pension you have only had for 8 years? Right!
Just go.
Exxon doesn't negotiate, because word would get around and the negotiations would never end. They do market studies and know what is out there. They pay for performance and trust their observations and their own ranking system.
For you to be offered 20% more means, frankly, that your performance/rank at Exxon is poor compared to your value on paper. In other words, on paper, you deserve to be a CL level higher. But you've made technical or political mistakes at Exxon - that cannot be 'reversed'. That is true for any company. For 75% of folks, XOM pays within 5% of higher than other companies. I'd say that for you starting fresh is recommended from an income optimization standpoint.
8 years in, your pension is not worth anywhere near 20% of your salary (call it 5%), and if you're already looking for jobs, its unlikely you're going to be there 25+ years, when the pension becomes very valuable.
I've weighed the pension against my peace of mind with having to keep working at this company any longer than I have to.
Even at my 14 years, the moment I have a good offer I'm out of here.
It is hard for a company to negotiate out of cycle. The timing of your request needs to be when normal raises and promotions are decided.
Please take the offer!!!
This place has no future