I know this is most inappropriate for this forum but I couldn't think of any other place to ask this anonymously?
In recent times, when have employees received stock options since pay increase is frozen? Perhaps, outstanding employees on their SLP-3. This is in the Software side of things, where layoffs though less have still happened. The low morale, with stagnant compensation has led to some voluntary attrition as well.
Folks...it is simple economics. Supply vs demand. And skill versus need. Should've laid off the PlayStation and weed and studied thermodynamics.
having a degree doesnt mean anything. Many PhDs have been fired over past 2 years. SLB is still firing the wrong people. Incompetents are being retained and highly skilled, experienced people fired.
If you have a degree you are considered a valued employee regardless of your skills, effort or ability, a career path awaits you .
Without one you are very poorly valued by this company no matter how good you are at your job, a glass ceiling exists which you will never be able to break through.
This is, and has been for a long time now a very elistist company so if you are good at your job try and find a more equitable company to work for, SLB is very unlikely to change and reward all staff equally regardless of grade and position.
Shop floor staff and those without degrees have no chance then....as usual.
C-suite execs refer to the top rung of management, mostly the 'Chief X Officer' positions.
Is it a good idea to ask for grants or express displeasure at stagnation before SLP-3 if one is relatively sure of their worth? Of course, no one is indispensable in this environment.
Trying to understand what does it take to get these s---ers.
sorry if this appear ignorant but what are C-suite executives?
I and many people I know, non managerial, over the years received good chunks of options from SLB but we all got pink slips at the end. Options and SLB3 are mostly tools being used to manipulate employees in the interests of the company. New employees have better SLB3 to motivate them to stay(lol I was called 'the best' and almost believed it). Options are given to keep you till your middle age where you're afraid to move anywhere.
Thanks. OK, so if stock grants or RSUs count against the N+1 or N+2's PIP, there is less incentive for them to grant it.
Are they still being granted even in this environment? Curious about personal anecdotes.
SLB gives options.....cheesy.......MI and SMITH gave grants.....significantly more generous!
A certain percentage every year are eligible to be distributed to rank-and-file employees. It is up to the discretion of upper level managers. I believe they are not often awarded because it is a strike against the managers PIP. The stock options generally only payoff if the stock price of SLB increases and there is a time limit as to when they vest and expire. If the stock price of SLB stays constant or decreases then the stock options are not worth anything. This is the same for C-suite executives that are awarded stock options as a normal part of their pay package - the price of SLB stock needs to increase for it to pay out. Of course, sometimes C-suite executives reprice the option strike price if the stock price declines so that they still come out ahead (has not necessarily happened at SLB).