Is it possible to get an out of cycle raise or move 2 psg's in a year? I am badly underpaid and receiving offers other places for 30-40k more. Don't really want to leave but feel like I will never get where I need to be at 1 PSG per year. Help!
17 replies (most recent on top)
jump ship. dont look back
Are you blind? A bird in the hand is worth two in the bush. Leave before the offers dry up
The higher PSG petrotechs got the bump in 2019 if warranted by high performance.
Unless you walk on water, there's no chance at all of getting what you want. Management has already assessed your performance, and to them you're compensated fairly. Your choices are either to plug along for a few years trying to 'make up the difference', or test the waters and see if indeed some other company agrees with your self-assessment.
@1skf, that petrotech double bump in 2018 was limited to lower PGs, and was at the expense (that is, 0% raises and no promotions) of the higher PG boomers. All the more reason they were more than willing to jump ship in 2020 with JG's (the elder) very generous severance package. Also, those 'double bumps' are now why those same petrotechs are complaining about small raises. You got your money in 2018...
The easiest way to get a double bump is to apply for a placed job two PSGs ahead of yours. I have seen it happen a couple times when the candidate slate was pretty thin. Also, of course, when the petrotech PSG bump happened in 2018 many hundreds of people got a double bump that year.
If you are deemed a normal employee by management then it it’s very hard to dig out of anything other then normal. Chosen ones are chosen ones, if you are chosen I have seen the company try to keep people but I have never seen them bend over backwards like a double bump. Seen a single bump then a ho-e bunch of talk and promises that never came through. If your normal you get PSG actions based on Years since degree.
There is no way anyone is getting a double bump let alone a single bump psg in this environment. That was a thing of the past. I would bail.
PIJ’s happen but that’s still not a double bump in one year, and usually salary lags - you won’t get straight to target. Chevron does offer retention deals to the select few if you’re in a hot area and considered a high value loss. I’d have a convo with your boss and ask what they can do. Usually the best way to get big increases anywhere is to leave, and that’s not just at chevron. That’s corporate America. Good luck.
Been retired from CVX for 6 years now after 40+ years with them as a manager ... never saw a double psg move in one year. And fyi ... this would not be the web site of choice to be asking such a question .... since most responses are usually fairly troll-ie. (which you might consider mine to be that)
I suggest you pack up and leave, tough guy. If you are receiving offers that much greater then what are you doing staying? And do you think that a layoff's forum is the correct place to ask this, or are you just a troll. If you are telling the truth, Good luck at your next endeavor and, last, but not least .........
BUH-bYE! don't let the door hit you where the good Lord split you!
Salary is a small part of total remuneration. If you are getting offers make sure they match or exceed Chevrons total package in all aspects. Don’t leave for less than 20% bump.
You need to go!
You should not expect to get a psg raise faster then every 2-3 years. It would be very unusual for you to be raised a psg each year for two or three years in a row. Unless you are related to an executive or past executive, are truly a superstar genius or extremely fortunate being at the right time and place with stellar overall performance "waiting for a psg raise each year" is dreaming. Seems like your expectations are unrealistic.
Anything is possible, but look around and consider your postion/quaifications relative to your peers. I you really are bottom line worth $40 more and are uniquly qualified to add value relative to those in your peer group in some way, then it does not hurt to informally discuss with your mangers that you are getting offers. If bumping you up will make others with simular qualificatins feel left behind, then I as a manager would not make a case for your special treatment higher up. When it become time to play your hand in a more formal way ("match my offer or I am leaving) be prepared to accept a no and leave if it comes to that.
Off cycle raises and/or promotions are very rare.
A 2 PSG jump is generally reserved for "HIPOs". It is likely if you are underpaid you are not one of them.
One PSG can get you $15-20 K in total comoensation (salary, bonus, 401k match) and sets you up for a raise to get another 10 K in a year or two.
So if you like it at Chevron, press your manager for the +1 PSG and you will be close to the offer elsewhere.