I’ve heard from a few people that PSGs are being suppressed and advancing to 25 and higher will be much less common than before. I feel long overdue for a promotion (both in performance, % CO, expanded role, and time) but am not getting much support for even consideration. Am I capped out?
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@n0 This sounds exactly what is happening. No future for promotions. Not much of a motivator.
@n0 you write this with Chat GPT? If not we can hold you and the rest of HR responsible for rampant DEI, no succession planning, or effective coaching of leaders. The same leaders who got us into this mess are still in charge. What is the definition of insanity?
Let’s be clear Chevron makes money because it exists. Unfortunately, Chevron is bottom of the competitive set due to consistent poor leadership and the fact that execution of a flawed business model.
@n0 thx chat gpt
Oil prices su-k esp on an inflation adjusted basis. Prices will recover and promotions and hiring booms will come back. Book it. It aint different this time.
Lots of fake non BU head VPs and GMs as well. Just doesnt mean as much anymore. CP is a good example of a fake VP.
I recently separated from Chevron after 38.5 years, where I served in Human Resources and Coaching. During my tenure, one of the notable advantages of working at Chevron was the competitive compensation and benefits package. Historically, Chevron has been recognized as a high-paying employer, particularly in the Houston market. Recent salary data indicates that the average total compensation for Chevron employees in Houston is approximately $155,000 per year, with median compensation well above many local industry peers.
Compared to other energy companies in the region, Chevron’s base salaries and bonus structures tend to be higher than competitors such as ExxonMobil, ConocoPhillips, and Marathon Petroleum, often with stronger overall pay packages that include equity participation.
That said, compensation trends within the company have shifted. While Chevron employees previously experienced consistent raises and robust benefits, recent internal and industry pressures have constrained wage growth. At the same time, executive compensation has continued to increase at a much faster pace than median employee pay.
The company is also undergoing significant structural changes aimed at cost reduction and efficiency, including plans to reduce its global workforce by a meaningful percentage. These actions are intended to lower operating costs and better position the company for evolving market conditions.
Chevron’s financial performance remains strong overall, with substantial cash generation and continued returns to shareholders through dividends and share repurchases. However, these financial priorities, combined with increased automation and a stronger emphasis on lean operations and technology, signal a shift in the company’s talent and workforce strategy.
It is increasingly clear that the Chevron of today is not the same company many long-term employees joined years ago. While it remains a financially successful organization, the employee experience, compensation growth, and long-term expectations have fundamentally changed.
@OP, I heard similar for reaching PSG 26. PSG 25 equivalent positions are still possible at competitors.
Yup if you didn’t get a 25 or higher job in the selections this year, you’re unlikely to ever reach that point in the future. Some will, but the majority will not and in a couple of years you’ll see those jobs going offshore as well when US people start leaving or retiring.
@cb, that's unfortunate. Rather that working together to outperform our competitors, we'll focus on fighting each other for scraps in our own house 😞.
When they are offshoring jobs to drop costs and setting different standards for working in office for offshore, you know there is no career future.
And for those that are offshored, don’t think you are safe. We are cutting work in offshore teams and are not backfilling when employees leave
I heard they just stop paying people after spending all that money graining them
OP. Where have you been? This is a fake or phony post. This has been going on for a few years and you just now figured it out.
Yea. And with the new rating system we’re hearing rumors of, we will be pitted against each other through forced rank.
Give it two years. Consultants and HR can say oh we can slow and stop psg inflation, but eventually CVX won't be able to hold back the rising tide and/or increased competition for staff from other companies.
Chevron is trying to get US personnel to quit. They will not be promoting anytime soon.
I have zero faith in any promotion. Haven’t received one in years. I stay because of inertia but really should have left long ago.
@OP if you can ride it out - do so. Most important don’t let others do/take your job or work. Also do not promote others below you at this time. Your subordinates will happily take on your responsibilities along with their own and fake it till they know it or in time prove that your position is necessary and take your position at a lower PS because you’re no longer around.