For sticky note season, we received our raise and the x% we are for our target salary. I watched the recent Career Connect series but still don't get the context of the target salary is. Is the company saying that's the market rate for your YEE / Role, but you have to "grow" into what your market rate is? If that's the case, then isn't the company straight up saying "Yeah, the market would pay you more" if your % salary reference is < 100% ? Am I just completely confused on what the target salary and the % reference represents?
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The only thing I’ve ever received was raise percentage. I’ve never been given target salary info.
Target salary is relative to your age. If you are young, target salary is just low enough to keep you happy or from leaving.
If you are old a highly paid target salary is zero because you are already paid too much and not needed. Target salary for the old is what it takes to get you to quit or retire.
One person told me when the bucket of money you have is more than the bucket of s hit you have to put up with a work it is time to retire.
I am happy to be working at this time it is going to be a sh-t show. I cant wait to see the amount of slacking off and attitudes of the zero employees.
We need a name like zeros or bottom biatches. I am mediocrity I relish the distinction. Don't feel bad about the zero just react like a normal human and give a zero effort.
Except XOM used to target 75% percentile in industry for your job, now it has been re-adjusted to 50%.
Each ranking has its own CL pay curve. If you are 100% on VG pay curve on a specific CL, it means if you go up in ranking say to E, you will be immediately @ below SR % pay, thus receiving a raise.
The market will pay you a range of salaries to do a job. Exxon and it's market survey pals get together and anonymously collude to let each other know what they pay (they can share salaries but you, the worker, should not). As you progress with time you could expect to move up into through the range. Once you've reached 100% of the salary range you are being "overpaid" to do your current job. This is where they would normally promote you to the next level and expect you to do more (higher cls do more) and be reset to lower in the next pay band.
The way things are going now is that it's unlikely you'll be moved to the next CL and since you're over 100% of your salary reference you are therefore overpaid and will not receive any raise.
What does this mean? Performance ranking when you're at 100% or greater doesn't mean anything. No chance to move the next level and no ability to receive any increase.
The only thing you have to do is make sure you don't end up in NI or NSI. So feel free to do the bare minimum.