Anybody know what salary structure increase is going to be this year?
35 replies (most recent on top)
@6dhc is what is wrong with the world.
Have some self respect and demand your worth.
Spoiled brats! Most companies don't offer any kind of inflation increases, only merit increases. So to get combined merit and inflation increases must be nice!
@4flo "Quit crying"? Lol, so you got laid off 7 years ago and youre still here monitoring Chevron? Move on bro
@2lyu: "Strange how they recognize the need to define management HiPo’s but think all petrotech’s advance at the same speed without any focus on training and recognized self learning." Yup. Ever notice how high-pots always advance to management, not to the technical side?
Quit crying. I landed on my two feet after my unexpected layoff in 2016. I’m sure 95% of you will too. The other 5% should have never been hired by Chevron in the first place,
Idk, if 2% saves people from being layed off, ill take it.
Id rather not get a raise this year and keep everyone employed instead of having 6 months of low moral and worry.
But we will likely get both.
Everyone knows theres a major recession developing. Losing a job right now would be extremely unsettling for most people right now.
Just remember, we are incredibly fortunate to be where we are at when compared to the vast majority of people.
Good luck everyone. God bless.
There is a negative opex goal. To hit it most BUs will not backfill open positions and cut contractors.
a refund of the raise from last year from the employee back to the company or a CIP refund is also being considered
no, the most extreme would be that the budget for the team is $0. That would be if all of the team members were at CO 102 or above (since structure change was 2%).
Is there a history of a negative adjustment? ie managers have to trim a total of 2%, not add a total - I heard some parrots chattering about this today in the kitchen,... an omen of things to come?
Some of you say people will leave. I don’t disagree. But how long is leadership willing to wait for that to happen? There are re-orgs coming. Why wouldn’t people wait to take advantage of a severance package. It will take some time for most people to find other employment, and during that time the re-orgs could be announced.
“People will leave and no severance”: Yes, true, but this is a false economy because it is the good workers who will leave and the marginal workers who will stay. Thinking this a positive reflects management’s misguided idea that all workers in a given job function have the same value and potential (plug and play job roles). Strange how they recognize the need to define management HiPo’s but think all petrotech’s advance at the same speed without any focus on training and recognized self learning.
How does structure relate to raises?
For those saying, this is the point. 100%
Low CIP
+
Low Cost Structure
+
Minimal Career Development/Advancement Opportunities
=
No Layoffs/Reorg without Corporate Acknowledgement of a Layoff/Reorg
Again this is the point.
People will leave and no severance.
"MW wanted 1% but they talked him up to 2%. Not bad considering"... what are you smoking! Inflation rate was 3-4% last year, so 2% is effectively a pay cut!
Come to think of it, MW is a CEO very much in the Jack Welch mould. Just like him the company will be hollowed out and the collapse will come after he is gone.
Imagine if we’d spent half of what we’ve poured into financial engineering into actual engineering…
@1bfx The attitude that hurts the rank and file. Take the scraps from the wealthiest tables and be happy for it while they are hoarding and cutting our jobs.
MW wanted 1% but they talked him up to 2%. Not bad considering.
Yup it is 2%
Again management WANTS people to be pi---d and quit. Frankly I am surprised we got anything.
For all the spectators and prognosticators posting here…..as a supervisor, my budget stunk it up - HR confirmed that structure was a feeble 2% vs. last year it was 6 or 6.5%. Everyone is going to be plssed off with this…..I hate it as a supervisor, message is going to be like a bag of bricks given this company is printing m=$$$$. Especially if we get ripped on CIP factor which sounds like it all done.
The average salary structure for 2024 should go up by 3%, but there’s a good chance we will get the shorter end of the stick, say somewhere between 2 to 2.75%. Just for reference, 2024 Social Security COLA went up 3.2%. If you trust your government for fairness, a 3% salary structure increase should be the consensus expectation for Chevron, but me being the cynic that I’ve become, think Chevron will underdeliver this year.
Can some explain the whole “more raises to get you to midpoint” thing? I absolutely do not understand this. It’s easier to give someone larger raises until they’ve reached the midpoint? Why is that even a factor?
@myr you clearly do not understand what is going in here. Structure is not dependent on your supervisor. It is how much the mid-point for each PSG went up.
3%. But it really depends where you are in your pay grade because your supervisor gets money based on the difference from your midpoint and where you’re at.
2% sounds about right. That will be an average, high-pots and kids will get 3-5%, anyone over 50 (any left?) will get 0% to average it out. Management will roll out the same lame excuses they've been using for a decade now.
To offset last year, it will be around 2%. Now don’t spend that all in one place! Ha ha ha ha
If it’s 2% welcome to reality, that’s the norm in our world. Salaries, bonuses and raises in the oil industry have not reflected reality for a long time if ever. Most of the world would be over joyed with a 2% raise and a fraction of the bonuses you receive.
It is 2%to encourage some to leave eliminating the need for layoffs
It is 2%
If it’s 2% they’re gonna have a mutiny
2%
- 3
I heard 2%