Manager shared with us last week. Bottom 5-10% will be put on PIP. There won't be anymore mega corporate re-orgs every few years, it's going to be slow culling.
26 replies (most recent on top)
@15q Almost. ExxonMobil just got lucky and Guyana. That is all. D-mb luck. Read the articles about how Exxon executives didn’t want to drill the well that has saved them. Exxon executives aren’t smart just lucky. Executives everywhere think they are special but they aren’t they are just greedy a--holes. Fu-k them all.
I have doubts that every person placed in the bottom whatever percentage is actually low performers... it's pretty damn subjective by the supervisors ranking them or for other reasons unrelated to actual performance and positive impact the person actually brings.
I have high doubts about supervisors at Chevron recognizing true positive impact a person is making vs who knows how to "appear" productive.
@g4. Good points. If they go through with this unnecessary toxicity, we will lose many good people that have options elsewhere.
"Exxon for years have been slowly culling the herd every year by at least 5%. That’s why they do a better job than Chevron."
Exxon is doing better than Chevron because they have smarter managers who make better decisions. They didn't stop looking for oil the past 15 years like Chevron. They don't expect their main growth engine to be acquisitions. And ultimately they don't have a bunch of potatoes as their executive leadership team.
Their rank and yank system is certainly not the reason why they are outperforming Chevron.
@s1
2030 plan is to align with NetZero…
…costs…assets…employees…
Basically, divest pinpointed assets in a paced fashion, while simultaneously minimizing operational risk and maximizing shareholder value.
In my organization higher PSGs will feel it the most. They're finally going to be held to an expectation that someone at a 26 or 25 are expected to do much more than simply meet their goals. Senior leadership are okay with losing high PSGs because they're expensive and would rather take a reduced productivity from someone in Engine than pay for a PSG26.
I would 100% support this if the c-suite participated in same system, they don't. Cost management tool, cronies management tool, not performance management, period.
@e1
I have been working with several MSP and engine (contractor to hire)people. I am not impressed with their lack of initiative and skills. If that is the 2030 plan, Chevron is in for some tough years ahead of us.
@j3
I agree with you but there are too many friends of managers that are retained and f so one are <5% performers
This would be fine if he had 26+ leaders who can actually lead and evaluate. Not just what they “think” is business results. I’m going ham on my CES tomorrow
@e1 hmmmmm, seems like you are whining. Look in the mirror cupcake
@g4 some valid points here.
Mike Wirth and Ryder Booth completely ruined the company
For the top 90-95%, why would we be lugging along the dead weight of the bottom 5-10%?
We all know them when we see them. I want to be surrounded by strong performers. If you’re not at the bottom, why worry about this?
Let the beatings began!
“Oh, but it’s not a forced ranking”
I am absolutely riveted at the idea of the Center of Excellence, with its staff of highly experienced subject matter experts, suddenly finding 10% to 15% of its ranks shoe-horned into a bucket labeling them as "low performers". Also, consider last year everyone currently at Chevron reapplied for their job and was accepted! Why weren't these alleged "low performers" sent packing then? Our CEO is stupid and can only steal ideas from Exxon.
S&Trading is the best place to hide from all these politics
Exxon for years have been slowly culling the herd every year by at least 5%. That’s why they do a better job than Chevron.
@e1
This post is written as an outsider and not making the “cushy salary” they write about.
I sure hope that they clean out a lot more than 10% of the useless deadwood who do nothing but whine and complain on this site all days. Plenty of other much more talented and appreciative folks would love to have the cushy jobs that you have.
Company is truly toxic at this point. Chevron has become a dollar store version of Exxon. Cannot wait to retire in a couple years (or even sooner).
HR basically told us this early in the year. Of course our management including MW have been lying about it since.
That’s a great way to create team work and collaboration. If someone has a skill, they sure as h@ll should keep it up themselves.
@OP this was confirmed across the enterprise months ago. Judging by the fact that you live under a rock, don’t be shocked if you end up as one of the lucky 10%
This was confirmed in the global wells townhall a couple months ago.