Heard it here first. Email was sent to supervisors/managers that a 3% inflation bump will be effective 6/1. The communication will be flowing down soon
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You heard wrong. It isn't a raise. It is a one time payment.
Woohoo it's time for a "Happy Meal" @ Mickey Ds
The reason this is immaterial to DW? It’s not. a. raise. One time cash payment and not even half of inflation rate. Doesn’t even put a dent in the big man’s pocket change.
@1qeg+1gtnMZcP It's just our American friends. Rest of world can go sc--w themselves.
Is this for every employee or just a certain CL and up payment?
I am laughing so hard wow company is pathetic compared to market im glad I was piped I got a nice raise and an above target bonus in my second year with new company
I didn't get the email????????????????
This is just an inflation response, it happened in the past. The BIG NEWS (for those in upper 40% of rankings) is the change in RSU policy. Hopefully XOM expands RSU grants to CL 25 and increase share grants to CL 25 thru CL 30. The 3 and 7 year vesting forces people to walk away from unvested shares, so it makes people think hard about quitting, plus the RSU are dividend bearing, but does not affect other benefits. For UNLOYAL, MALCONTENTS that plan to quit, RSU grants cost the company nothing. I personally believe the minimum RSU grant should be about 200 shares per 100k in salary for CL 25 and 1000 share for CL 28 and 2000 for CL 30. Basically expand share grants to top 20% CL 25. Expand share grants to top 40% or CL 26 to 29. Then double the RSU grant over current guidelines. With a significant RSU grant ( equal to 15 % of base pay for those ranked in top 10%).
I hope it's real. I can finally get that oil change I've been wanting.
Email just came out
I thought this was a joke. Shocked that's it's real.
This is a one time bump, an attempt to adjust wages with an increasing inflation.
If you are in IT you know that this is long overdue as we have difficult time hiring as our wages and unadjusted to the market which moved on and adjusted for inflation.
Most, if not all, Gen Zs and Millennials do not care about the pension, they are in this game for a few years and they are moving on. So, we have to do something to attract them as well.
It's super hard to hire in IT nowadays.
The giveaway that it’s fake is that it would be an example of the company trying to treat its employees fairly.
The giveaway that it’s fake is that it’s effective June 1.
The company would never pay cash out that close to the end of a quarter - they would always do something like that on the first day of the quarter (July 1).
We've been advised 15% in UK, consistent with the desire to retain the expertise in the corporation. I assume it does not imply we're 5 times better than the US however.
Permian is 8%
Where did you get this @gom+1gtnMZcP ?
It is 7% raise and 5% one time cash thingy.
How strange, we've been told 10% for us in Europe.
I get that it’s funny to get everyone’s hopes up, but this is just cruel. Some people need the money badly, and lying about this just gives them false hope.
I like it
:-)
This is great timing, I will be leaving in July so it's a thoughtful parting gift from EM!
One time not tax adjustment. Still getting breadcrumbs. Restricted stock options expanded but still just piddly scraps for those to be stuck in the middle
One time not tax adjustment. Still getting breadcrumbs. Restricted stock options expanded but still just piddly scraps for those to be stuck in the middle
3% one time cash payment is such a joke! like this will have any effects on the attrition levels. XOM just being XOM!
It’s not a raise. It’s a one time cash payment equal to 3% of annual salary.
Inflation in the US is 3%?
That is fantastic!