#compensation

Remember when Bank of America said they are increasing the minimung wage to $25 way back in 2021?

WF still hasn't caught up 4 years later...

Who even gets RSU's?

Senior managers don't, so is it just Directors and above?

Want to Keep Your Best Employees? Workplace Culture Matters

Yes, compensation is important, according to research. But ignore employee engagement at your peril.
By Rick Wartzman and Kelly Ta-g
Oct. 7, 2025 1:00 pm ET

Back in early 2010’s my starting offer out of university was just over $100k followed by several big raises and I see online our website saying starting offer is 100 to 125k. Considering the amount of inflation since I was hired new hires are getting sc--wed!

Laat year we were promised a pay review every year at end of Q2, start of Q3. Although its just a review and at the end they can say they reviewed and we get nothing I wonder if they will honour the review commitment.

Are those off the table? The only thing keeping me here is the bonus, then as soon as I get that I'm out, unless I'm laid off first. Anyone have any intel if the bonus will happen in 2026, or did those get axed as well.

how much would be my pension lump sum?

If I am 60 years old,
$230k average last 3 years salary
32 years service with Exxon & ExxonMobil
assume interest rate 3%

1.8 million?

Has anyone (let go in early August) actually gotten their severance checks yet? Something seems really off.

The people I know who also got laid off haven't received their checks yet either.

Is the margin reduction for reinvestment in employees, hiring, comp, or product development? The change in the vesting schedule is not significant. It would be prudent to reinvest in junior employees, new hires, engineers given the recent pressures the company has been facing.

How long do employees need to be at the company to be eligible for equity?

Can someone post Pay Ranges?

I just learned about this so want to share. If you're like me, you've likely had a large pension adjustment (PA) applied by the CRA every year only leaving you like $3-5k of RRSP room. The PA is calculated on your T4 each year and applied to the next years RRSP room. This is significant for us because our severance must be paid out in a lump sum and so there's no option to taking severance over multiple tax years to drop into lower tax brackets. The PA always bothered me because I thought 'what if we don't actually get our pension in the end because of bankruptcy/buyout/whatever' (eg: Sears).

So I just learned the way this is dealt with the pension plan issues a form T10 - Pension Adjustment Reversal (PAR) within 60 days of turning over the commuted value. According to ChatGPT it works like this... The Pension plan calculates all the pension adjustment you've had in the history of the company and adds them up, then subtracts the commuted value (CV). The difference is your PAR and it will be available in the next tax year as extra RRSP room and show up on your notice of assessment.

Example:

You are laid off in December 2025. You take your Pension CV of $200k in 2025 which becomes a tax sheltered LIRA. Over 15 years with the company you've lost $300k in RRSP room through PA's ($20k/yr * 15). Your PAR = $300k - $200k = $100k. By Feb 2026 the pension plan must report the $100k PAR to CRA. In spring 2026, your Notice of Assessment will show you have a $100k PAR, basically $100k extra RRSP room in 2026. Then also in 2026 you take your deferred severance of $200k and you can buy $100k of RRSPs that year, tax sheltering half of your severance.

Manager got promoted for the work I did. I took on more scope due to colleagues being CPM’ed. Manager already dismissing my work, likely I will get successful rating with pay increase not even covering inflation. How to expose manager ?

October 2023 : “ By 2026, Xerox projects a rise in operating income by at least $300 million (€285 million), reverting to double-digit adjusted operating income margins”.

October 2025 and the stock price if a quarter of what it was at the announcement time above, already having dropped by half over the prior 5 year average.

SteveB will say it is on track, he will say the Lexmark acquisition is key to the future growth, but this was not in his plan two years ago.

Does the. Lard really believe the continuing change of rhetoric from the CEO. The SLT all nod with appeasement, no one dare disagree, but all happy to take their pound of flesh and stock options ( although each time a worth less and less ).

No merit increase, frozen 401k.

What belies the future - will we get anything from the upcoming Q3 release ?

Anyone know for sure about the rumors mgmt is discontinuing severance all together???

I go to the office, do my work, and then go home and forget about it until 9am the next day. No one bothers me, pay and bonuses are decent. I don't allow myself to be drawn into drama. I am here for a paycheck, nothing more. A common theme on this forum is you've allowed your lives to become a soap opera. Let go of the drama. AT&T doesn't care what opinion you have about Policy. They ignore employees, so just ignore the distractions they create. Focus on the paycheck. Let it go.

Office Rent field staff work from home save $10m per annum Close 30 region office spaces
Investment Advice 401k/403b accounts. charge 50 bps. Raise $15m per annum
Surrender\mva Implement raise $10m per yr
CIT switch to CIT in K plans. Save $10m annually
IT/call center farm out 75% to India, Phllipines, and Romania savings of $15m
early retirement buyouts save $10m
eliminate special 3 yr vesting shares for execs cost savings $10M
can field exec vp $1m saved
senior vp & above comp cut to save $5m per An-us
Eliminate anthem&cvs racketeering save $10m per an-us
cap management sell/farm out use seeking alpha, chaiken alalytics, and AI Quant exclusively to save $10 m per pen-is
1 ply toilet paper* use 1 ply toilet paper to save $12,500 per yr

do all of this sch-it and the comp-any will turn key profit yr after yr. what are u eating for.

Here are some examples of how courts have ruled on severance (reasonable notice) for long-service professionals, especially in Alberta’s oil & gas industry. Use these as reference points when estimating your own range.
• O’Reilly v. Imperial Oil (2000) – 20-year professional employee, management-level role, awarded over 20 months due to long service and limited comparable opportunities.
• Leduc v. Canadian Natural Resources (2016) – 16-year senior technical employee, age 57, awarded 22 months, court noted downturn in oil & gas job market.
• Lukacs v. Shell Canada (1998) – 23-year senior engineer, awarded 20 months, long service in specialized technical position.
• Stevenson v. Suncor Energy (2017) – 18 years of service, management role, mid-50s, settled for around 20 months pay.
• Bishop v. Galleon Energy (2013) – 11 years of service, VP-level, awarded 18 months notice based on seniority and leadership responsibility.
• Shaw v. Acurex Corp. (2003) – 14 years of service, professional-level employee, age 48, awarded 18 months reasonable notice.
• Elliott v. Imperial Oil (1996) – 23-year supervisory employee, awarded 22 months; Imperial Oil case confirming upper-end notice for long-service roles.
• McKinley v. BC Tel (2001, Supreme Court) – key ruling establishing that employees dismissed without cause are entitled to reasonable notice under common law.
• Recent Alberta energy-sector settlements (2022–2024) – professionals with 10–20 years’ service commonly receive 18–24 months pay depending on seniority, age, and job market.
• Typical trend: Alberta professionals with long tenure (10–20 years) and senior roles receive between 18 and 24 months’ pay, sometimes higher if relocation or constructive dismissal applies.

Summary:
Energy-sector professionals with long continuous service, strong performance, and senior roles consistently fall in the 18–24 month common-law range, often translating to $400K–$550K+ total when benefits, pension contributions, and bonuses are included.

I’m disappointed by severance estimate. Here’s how to get a high-level estimate using any AI tool, readymade script to use-
• Permanent employee at Imperial Oil, based at Quarry Park Office.
• Annual salary: $[X]
• Current role: [Your Role] in [Function/Department]
• Continuous service: [X years]
• Defined benefit plan: [1.5% / 2%], RRSP/401k match: [X%]
• Location: [City / Office]
• Performance Rank : [X/4]

Context to consider:
• Mass layoffs, office closures, relocation of remaining employees
• Local unemployment rate, industry outlook, company financial health
• Comprehensive benefits package

How to estimate severance:

1.  Factor in years of service, age, position, rank, and contract terms
2.  Add bonus, retirement contributions, benefits continuation
3.  Adjust for industry and location context

All consider additional factors, past legal cases examples.
Estimate my severance pay.

Steve B et al have run an iconic company to the ground. Buying a dollar store company like Lexmark was a terrible, terrible move (just like the many, many before). What a complete joke this company has become. No merit increases, no 401K match, pretty much everything for the employees blow up or 'suspended', meanwhile Steve B, Bruno, Mirlanda, etc all gave themselves raises and padded their payout when they leave. The board is asleep at the wheel, or wants to see this head down the tubes. Fu-k Steve B and his stupid plans. Run for the hills, the layoffs and the continued bad news for the people who actually do something here are her for good.

Severance estimates have been sent!

12y+, 70% of base salary.
Working notice may be provided, nothing about RSUs..

What are your thoughts? Are you happy or disappointed?

Will this impact your decision for the mobility survey?

Any past success stories about severance negotiation?

Starting this thread to compare severance amount. Affected employees supposed to start receiving estimate today.
Severance estimate/year of service/current salary.

Analyst program bonuses are a joke😂 are they serious? How do you expect us to want to stay here when you’re giving us a bonus like this? Slap in the face. Don’t expect us to last long

How has everyones reviews gone? Seems a blanket no pay rise/promo/share situation even though its one of the best years we have had which is just disrespectful in my opinion.

Between ALL the many incidents this year, especially the two in just this week alone, was MW's enormous salary hike worth it for you Board Members? Did you feel good in deciding the rest of us are just peasants to point and laugh at as you buy your fourth vacation home in Aspen and prepare our company to be sold for parts in the next decade? Hope your family is treated with the same respect when the working class finally decides to no longer lick the boots that are stepping on us.

Do employees in the U.S. typically receive severance packages when they are laid off, such as X weeks of pay per year of service?

Any rumours on what this will entail? They're saying it's not a cost saving exercise, which I highly doubt.

I have seen people at AT&T on H1B visas who, in my view, should not have been given those roles. Qualified American workers could have filled them just as well. There is a real problem at AT&T, plus a manufactured one. Upper management often says they cannot find qualified candidates for certain positions, which I believe is misleading. The real motivation seems to be securing cheaper labor.

I have also noticed a recurring pattern in tech. Once companies start offshoring jobs, especially in development, that shift tends to trigger greater use of H1B visas. This happens because they have no intention of investing in training American workers. I say this based on experience at a Fortune 10 company. These firms are not short on cash, they simply choose not to pay American employees what they are worth.

What are you hearing about the AIP? Is it really at risk? Seems like it would be a slap in the face to those who either elected not to take the VSP or were not eligible for the VSP to take the AIP away on top of everything else.

Saw a guy on LinkedIn who says he got “laid off” with only a transitional offer through January 2026.

How does one know if their offer from HPE was “transitional”? Does it explicitly state as such? My and my colleagues offers were silent on the matter however the titles and bonus were disappointingly low. :(

Nice job WF displacing people on 9/30 so they aren't still considered employees on 12/15 (with their 60 days notice) to get the entire year of 401k matching!

Does anyone know if there is a new incentive plan for bankers? Premiers, RBs, and PBs?

Is Chase still better?

Or is all the pain going to be felt down the ladder by the people who need jobs the most?

I joined this fkn company cuz of the defined benefit of plan because in my mind it used to offset the PIP/PDS bullsh-t we have to do every year. Well Atleast they don’t do layoffs right ? I mean even tho the PDS system can be biased it can never be soo biased and merit must count somewhat right ?

Now they do fkn PDS/PIPs and do layoffs AND the raises are sh-t. So can someone please explain to me how does this make imperial better than CNRL/CVE/SU ? Fk being equal, I think imperial is the worst of all of these.

Oh and we don’t get company wide bonuses.

I was literally just laid off for AI. I rewrite and audit extensively documents on process and procedures and directions.

They said what I do in about a month can be done in less than 5 mins with AI at a fraction of the cost.
I then told them they will have another BP Disaster without a Human making comments and common sense oversight. They said this would be no different than a human making a mistake and HR sees this as a positive to meet the bonuses promised to others. Been with them 10 years!!!!
All I get is half a week per year with pay the company if I don't sign the exit package or one week of pay per year if I sign but I can't claim unemployment... HELP!!!

They are hard earned for the ones that received them. It’s not much for non execs but enough to care about them.

What happens to RDUs if:

1. You decline mobility
2. Accept mobility but not selected for job
3. Accept mobility, receive bit decline offer for job

Does anyone have insight? Lots of communication out there on many topics but zero on this one. It makes me feel they are going to fu-k us on RSUs based on the silence this far.

Are these people having a laugh or what. They wait to tell you, on 1st October, about a new policy that supposedly applies this year to use up your vacation days at Christmas... ...and... even if client commitments mean that you can't do that, you'll be expected to do the equivalent of that within 60 days. All of this is supposedly for your well-being. I'm depressed already.

This'll be on top of the 0% pay rise. Luckily, short term illnesses have been shown to last as long as the number of days they need from you...