How much % it will go up from 2022 fir each PSG, due to wild inflation?
8 replies (most recent on top)
between 3% - 8% guaranteed
If you think the Social Security Administration really screwed over the beneficiaries with that 8.7% COLA increase, just wait until to hear the Chevron pay structure increases for 2023. Chevron won’t move the 100% CO structure by more than 5.5 to 6%. Everybody’s screwing over everyone.
U ain’t getting sch!!t
Don't try to tie raises with inflation. Chevron is now in a declining industry, less and less demand for its petrotech specialists, if anything Chevron will put big raises to try to attract IT people away from more lucrative industries.
I had heard 5% but I hope this is the low number.
We normally have a structure of ~3% and we normally have ~3% inflation. Over the last few years they did not change the structure number but I think we can all agree that inflation has increased. With that said we are now behind the curve on the pay just like CVX was when HR gave every US payroll employee a PSG bump. That’s what messed the structure % up to begin with and HR is falling back into the same trap. I know the high ups will say be happy you did work at the other place who cut your 401k for one year but then again they are making ~$250 plus and a ~50% stock option, so they don’t really feel it like we do
6-7% is correct.
I heard it was 6.5%, from my boss psg 26
3%