Why are they still on denial about inflation? Cash cost per barrel target is so low. Set unachievable targets then employees get punished for not reaching them.
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$10 a barrel oil was undeniable in late1998. UPR laid off 50% of our team and decimated many others because it it. The for the remaining company management set ridiculous kpi's (key performance indicators) like the price of oil doubling, stock price doubling, etc for us to receive it. Funny thing was by summer 1999, the world righted itself, UPR had to rehire staff and all of the kpi's were met. Much to management's surprise, we received the bonus payout. Life does surprising things, wait and see....
Some of you people do nothing but whine like teenage girls.
Not sure why the complaints. The new quarterly bonus metric target update is posted and looks good to me. Better than outlook at the end of Q2.
Inflation went down this time around, but is still at 7 plus. I think it is hard to give infaltionary raises, but Social Security does it yearly, so maybe at raise time they will be a little higher. The bonus we just got also helped towards inflation.
They should be inflation adjusted for excess inflation beyond what was assumed at the beginning of the year.
I do believe the targets were set at the beginning of the year, dufuss.