Expecting a new job offer on the table soon. Pay slightly higher than CVX. Similar benefits, etc. Should I turn it down and wait to cash in that EOI and then look again? Hate leaving the cash on the table…feels like giving them what they want….people to leave in their own so they don’t have to recognize what they put us through.
16 replies (most recent on top)
A bird in hand is worth two in the bush! You might leave a nice EOI payout but you may be stuck years without finding that good job. Please make the rest of our lives easier by taking that job!
Do you have to stay on until March to recieve CIP? or just stay on through the end of 2024?
I had to wrestle with this same question. Ultimately I took the job offer and am likely giving up CIP and EOI. In the grand scheme of things, CIP and EOI aren’t life changing amounts of money. But starting a new opportunity ASAP and leaving this train wreck is priceless.
It’s impossible to time EOI and a new job correctly. If you get an offer, congrats! Take it!
What does retiree medical and Medicare have to do with a young career person looking to jump ship? SMH
90 points = $98 monthly rises retiree medical. lol! And if you earned “too much” Medicare dings you with an added penalty cost added monthly to your medical cost.
Don’t sweat the small stuff. Take the lump sum.
People, life is too short to work in madness and negativity.
EOI not till mid to late 2025. ROM will be in the April/May timeframe, and for those left standing they'll be gone by EOY 2025. If you can wait that long then do it, if not, then take the new job and money and run. You're sanity is not worth the money.
I heard MW is holding out for a newly opened position at United Health Care
EOI isn’t likely to come very soon, and there’s no guarantee you get it even if you raise your hand.
The more relevant question would be if you should hang on until March to get your CIP, since that’s a fixed date and much sooner than EOI payouts will happen.
Don’t assume they will let you have it. If you want the other job, go for it.
take EOI first
A new job offer in hand is worth more than two weeks per year of service in the patch.
Take the job. Huge mistake to stay just for eoi
Counter their offer. Tell them if they want you right now you will come if they offer you an amount equal to the severance as a signing bonus.
That’s the $100,000 question, isn’t it?
If the new job offers stability , growth and a more positive working environment: take it and don’t look back.
The EOI process could be protracted and may not be as generous as hoped. We are also in for a global recession, so new jobs may not be as easy to come by.
It sickens me that there have been people waiting for this EOI for over 2 years, and this isn’t happening fast enough. It’ll be 3 years until the useless people who already have their 90 points, just waiting for severance.
Full of those people in IT, just coasting through waiting for this EOI. Some of them aren’t even living in Houston or San Ramon, essentially taking a 2 year vacation, and adding another one, while chevron pays them another year for doing nothing.
And BB’s retirement gig as digital core advisor getting paid a salary and CIP of a CIO. Various chapter leaders milking it. If we had just gotten rid of some of those folks when they were done 2 years ago, maybe we don’t have to layoff 50% of the US workforce in IT.
Disgusting.
Your life and time is worth more than EOI, if you are not happy here, take the new job. The EOI would not happen until sometime in Q3 2025, can you stay that long and would you get the similar job you are being offered then?