If you take EOI, how long do they keep you on payroll? I’ve seen some escorted out same day, others stay for a year. Want to time it to line up another job.
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Again, EOI is not something that is "offered" to the employee. Do you guys work for Chevron or are these bots or trolls posting?
For the good jobs in oil you're probably too late but starting before you leave Chevron is better than after you leave. At the very least you can use Company resources (printers, phones, computer time) to fuel your search. If you can switch industries (and move locations), there's probably more opportunities.
If you're not retirement age, wait for the EOI to be offered, and see what the terms are. Particularly any extended medical insurance benefits, as you have to keep yourself insured, especially if you have a family. Treat COBRA as last-resort insurance, it was designed before ACA came into being. It's really expensive and you may do better on the ACA exchanges. The only advantage of COBRA is you're getting the same insurance you left the company with. Other than that, whatever monetary severance they give you is non-negotiable. Don't take any vacation until this is all over, that could get you another paycheck or two if this all comes down later in the year. Oh, and this is a good time to be frugal - skip any large expenditures and bank as much as you can. You should have six months' expenses in the bank so you don't have to tap into your 401(k).
Right now if you feel these layoffs are going to be significant, be working on your résumé now (dollars and barrels really shine on a résumé), shore up your contacts/references, and start attending local professional meetings in your field.
2020 experience. They give us about a month from the time it is offered until the last day you could "express interest". Then it takes about another month for them to "approve" your "interest". Then we had two weeks to "transfer our skills" to our designated successors, basically that meant we came in late, left early, and ate long lunches for two weeks. At the end of that we had to turn in our laptops and badges. We continued to be paid for another month. This schedule covered the vast majority of EOIs, there was no negotiation or flexibility in the timing. A few EOI managers were allowed to hang on another couple months to transfer their "vast knowledge and experience" to their successors. I don't know of anyone who lasted more than six months from the time the EOI was offered until the last EOI manager left.
If I could, I would like to go that day that it is approved
the higher your PSG, the earlier you will roll off payroll and EOI
give it 6 - 9 mths for the entire org to go through restructuring
It depends.
I’ve seen some escorted out same day, others stay for a year.
It differs. Sometimes it depends how critical you are. If you are carrying the team, the leads will fight for you to transition longer. But then some GMs can get prickly if they thought you were 'one of their people' and just want you out. Sometimes they will pay out out just like normal checks for the length so they can hold that over you so you are a good little bee.
When EOI is offered, you’ll have 10 days to submit your name. Your last day on the books may be negotiated.
I don’t think there is a standard. When the EOI is opened you could ask a list of questions before you make a decision. You probably have a month to submit your name