With the focus by the EC moving to ruthless returns, it's hopeful that company performance will improve and thus value for those who have equity in the company. One can hope.
On the cost reduction side, I'm concerned this will extend to total cash compensation reduction. Shell already, in my experience, is nothing special when it comes to the salary ranges and total cash comp relative to peers for JG4s, 3s and 2s. Further, I think it's relatively difficult to be in the higher PIR range unless one works 5/7 years stuck in a role.
I'm comparing Shell to other oil and gas companies, energy utilities, renewable developers, and large tech/industrial consumers of energy.
My natural state is to give 110% - but I don't feel fairly compensated nor valued so it makes it hard to rationalize working my legs off.
Maybe the only way here to move significantly in the pay scale, is to get a competing offer, allow Shell the ability to match but be prepared to walk. With the focus on cost reductions, is there upside to staying here?