I just saw my pay raise for the year in the Netbenefits Life Insurance thing. From 2020 to 2022, I am averaging 2.2% increases for two years of Higher IPF. It is like a sm--k in the face having had to work my a-s off through Reshape and COVID but not even keeping up with inflation.
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Are all/most grads automatically pegged at a "Strong" rating, or is it possible/realistic for a hardworking/high performing grad to get a "Higher"?
Well, you are still here, deal with it.
I guess I’ll have to settle for my 4.7% average raise over the last two years! I can’t believe they didn’t give us a 20% raise to keep up with inflation after they screwed us last year!!!
“So rather than give us raises to keep up with inflation, the Executive Committee raises the BPF from 1.3 to 1.5 thinking "That'll keep the plebs happy"
Happy? NOT! A merit increase is the gift that gives every year (which sucked this year.) Bonuses are a 1 time boost that probably won’t be close to the same the following year. If you go back and look, most good BPF’s are followed by a bad one the next year. We didn’t get squat last year so what we really got was 0.75 BPF for the average of the 2 years. It’s the psychology of corporate America when it comes to rewarding employees. You think you winning when you’re really not.
So rather than give us raises to keep up with inflation, the Executive Committee raises the BPF from 1.3 to 1.5 thinking "That'll keep the plebs happy"
"Is there any way to find out our IPF/rating in the system before the IPRO comes out? Could not find on HRO except reference to IPRO."
You mean your line manager hasn't given you your IPF yet? He's known your finalized IPF since January 15th. Mine LM told me on January 15th.
"I got zero nada zilch raise "
That tells me two things:
- You are at or near 120% PIR
- Shell did not make cost of living adjustments to the PIR ranges
I'm telling you, they want the highly-compensated people to quit w/o having to pay for a package.
I got zero nada zilch raise .... Still better off than most people so not complaining at all. At least I got a job .... Gonna quadruple my united way contribution though. Gotta make the company pay in some way ..... :)
Is there any way to find out our IPF/rating in the system before the IPRO comes out? Could not find on HRO except reference to IPRO.
- 2% and higher rank
Typically each year the PIR is adjusted upward based on some calculation using a COLA. Not sure if that adjustment was made this year. Also, you can exceed the PIR up to 20%. I may be incorrect on the % but I do know there is a variance.
Not that I agree with the low raises, but I think what your PIR is also impacts your raise. I think if your PIR is at 100% or above, then the raises dramatically decrease.
In Canada JG4 with a Higher rating.. got 1.8% total
In the US:
Target % IPF Mulitplier
JG5 = 10% Outstanding = 2
JG4 = 15% Higher = 1.3
JG3 = 20% Strong = 1.0
JG2 = 25% Lower = 0.7
JG1 = 30% Unacceptable = 0
Bonus = (Target %) X (1.5) X (IPF Multiplier) X (Salary as of 31 Jan 2022)
Basically they want those of us in the US to quit.
How do "Strong" and "Higher" ratings translate into IPF/bonus?
Bonus % is tied to your JG.
IIRC, JG5 = 10% of annual salary; JG4 = 15%, JG3 = 20%, etc
how do I see the bonus % for me? BPF * Performance * Bonus % = Bonus. Where is this bonus %?
Go to netbenefits.fidelity.com and log in to your account. Then go to the Health and Medical coverage page. In there you have several benefits where the payout is dependent on some multiple of your base salary. Just do the math,
where do you see how much raise you got?
I had a "Higher" rating and got 4.1% raise, wich average to 2% for the past two years. Inflation has gone up well over 10% in the last two years.
No wonder BvB slightly raised the BPF....he was trying to soften the impact when we saw how lousy our raises were going to be,
2022 raises < 3% after 0% last year. Understand the 0% last year, but with the company making $$ hand over fist in 2021 and 7% inflation, this sucks. Any news on the BPF?
A disappointing 1.7% here
Just under 3% for 2022, nothing last year. Pretty cr---y. Social security recipients received 5.9%.
- 2% this year and 0.0% last year :-(
The company can only give you what it can. Unless you are chained to your desk you can leave if you want to.
- 8% this year (1.9% average over 2 years). What a joke with inflation running at 7% in 2021 … S-B’s
Exit floodgates are going to open now. Bonus better be good
Is this based on the 2x annual salary life insurance thing? Mine hasn’t changed from last year… hope I didn’t get another 0% raise. Strong IPF here
Look at money bags over there with their 2.2% raise. Sitting at 1.9% here.
Are the 2.2% and 1.7% averaged over 2 years or the singular 2022 raise? If the former, not great but I get it, but if the latter (1.7% in 2022 after 0% last year), that totally SUCKS, given that inflation is the highest in 40 years.
- 6% here
Hard to say what is what until they release the 2022 PIR. Comparing that year to year tells the story. From the comments, its barely keeping up with inflation from a "recent normal" year.
I got ~4.7% - of course 0% last year so I guess similar to your 2.2% if averaged out.
That is totally messed up. I tried looking today but still nothing. So for the 2 year period we’re making 8% less bc of inflation? F—k that. The BPF better be north of 1.5 or they’re gonna have a lot of pi---d of employees. A wise man once told me “Shell can give you money and pi-s you off at the same time.” Now I know what he meant.
My sentiment exactly 1.7% here