Limited slot, let's fight and bleed for the 10% (only if your life has nothing but only xom). If not, we are considered nothing here. Is that what xom what from us? I would rather live a meaningful life, go home on time for my family and kids.
5508 replies (most recent on top)
Imagine that many of ‘em would have amassed millions in assets, investments and cash savings, by the time they hit their 50s!
But for the rest of us ..... well, life goes on.
Pays damn well in EM to be a bootlicker.
@1Qwuv+16zEvLP3
Actually there’s no loss to the top 10%. It’s just that their stock options, when converted to actual stock holdings will be of a lesser value. That’s all.
Let’s say you are a middle-third performer (e.g. 3rd quintile in the former ranking system). Your rank group cohort’s top-10% will get, as part of their overall remuneration, the following:
(1) salary increase per HR guideline (but since they are of a much higher RGP, will be miles higher than yours)
(2) salary increase due to promotion
(3) any special adjustments
(4) stock options
So compared to you, they would already get (1) to (3), where you would have gotten only (1), and perhaps (2) after many years of slogging.
If (4) were to devalue, by the time the Hi-Po converts it to actual EM shares, they will still get the last incremental layer of salary increase, which you won’t!
@1Nnyz+16zEvLP3 shared important information on the share options. Anyway they are sitting on losses for trusting the company too much. Next time you see your bosses, smile because they are worse off and working in EM for free to recover the losses... perpetually.
We KLTC thank you for your sacrifices.
There will be more when lots of the Singaporean employees are laid off. This time without the NSI tool.
How are there almost 100K views on this one post about Singapore!?! Unreal.
@1Nnyz+16zEvLP3
Hmmm ..... so it begs the question then, on who are actually the nay-sayers and disgruntled, that continue to post in the layoff.com?
Definitely not those who have been ranked well and are rewarded with good annual increments (including EM stock options for the top 10% / Hi-Pos) and paced with promotions every few years, into supervisory positions.
It would be more so, those whose jobs are being threatened, or carry great uncertainty, in the impending cost cutting exercise, come 1Q 2021.
@1Nnaa+16zEvLP3 It’s an American company? Don’t like it.. go for a local one that can pay you as well for doing so little!
@1Nvjv+16zEvLP3 It’s not top “management” lah.
In every rank group cohort, from T3 (>CL25) and higher, the top 10% RGP would be awarded EM stock options every year - as an upward mobility incentive to sustain outstanding performance.
If you had not received such over the years, then you are obviously not a Hi-Po.
Can someone explain to me how is DW keeping his job when he’s obviously NSI material, if you reference whatever metrics he’s measured on. Yet, people
Who have been working hard on the ground are spat on and booted out while he gets his RSU like clockwork. This is BS. If it’s a Singaporean running the show, would have been shown the door long long long time ago. One rule for Singaporeans and another rule for cowboys. Ang Moh Dua Ki indeed!
Saw argument here, top management MPT talk and think for themself. NMPT worry about future.
Why not hope big incident happen and burn down EM, all out of job.
Then you wiil see who have more market value when search for your next career.
@1Luka+16zEvLP3 Me too. We should have known..
Thanks for working hard on the nitty gritty details folks, and thanks for the dividends.
But what’s the point of that, when the principal value of XOM shares had plummeted by as much as 30-40% now? !!!
I had sold all my stock options awarded to me by the company in the last decade, when it was traded in the high-60s to 70+. Now it’s a miserable low-40s .
Seriously I do not care how the company operate, e.g. reducing headcount, salary cut, removing benefits, etc etc. I believe in the management and as long as I get my quarterly, and growing, dividend, I am happy. Thank you for working hard and sacrificing for us shareholders.
I agree to some pay cuts, not only for employees but need to see how we can reduce the extremely super high costs the Company are paying the Contractors (especially the Project Contractors).
Please dont cut SLS's salary, we need the pay to plan for your bright career.
Think we should all volunteer for a 50% cut in our salary. To help EM!
Winning together! We are ExxonMobil!
Hopefully they can remove our LTSA and AWS benefits by next year, they really need the money to pay for the dividends. One for all and all for one, let’s unite together and support our company’s vision.
Quite sure the young ones are already doing so. Much more tech savvy, as long as we continue to have some WFH arrangements.
Might as well jump ship for the younger folks. No point staying on this sinking ship.
Including LTSA 5%, so around there la
@1Iikr+16zEvLP3
More like 15% pay cut lah (not 20%) cos they still have to give the 13th month AWS, w/o the bonus
every manager will want a world class team, will not want an ex-PIP person, that's the hard truth.
For people who are not here long enough, without bonus and ltsa, that is easily 20% pay cut without announcing pay cut, don't be like those sheep shouting #weareexxonmobil, if #weareexxonmobil, share us your huge pay cheque, then i will shout for you
We should be happy for those who passed the PIP. However, do you think managers would want to risk taking in an ex-PIP into the team next year? This is a behavioural problem that we might face next year...never ending......... Meaning PIP pass also you cannot stay longer?😮😭
@1Hwdb+16zEvLP3 Agree. Take a senior MPT employee earning say $300-350K pa (on a 15-mth annualised basis). He will now be taking about $40-50K pa less, without the bonus and LTSA.
That impact sum is likely insignificant impetus for him to take flight, given his middle age and chances of re-employability. And he will probably stay put, in the interest of his mortgage(s) and other family and financial commitments.
Long serving employees likely to stay even if no 3 months AWS or LTSA next year. At some of our current pay scale and age, it is not possible to switch... unfortunately.
No 3 months and LTSA nexr year.
Remember if you wish to resign, tender only on or after the 15th day of the month. This way you will be entitled for the additional prorated bonus and benefits. Every cent counts!
Pro-rated bonus? This year - Yes. Next year onwards - likely No.
@1Guwu+16zEvLP3 If resign? Got pro-rated bonus?
We should be happy for those who passed the PIP. However, do you think managers would want to risk taking in an ex-PIP into the team next year? This is a behavioural problem that we might face next year...never ending.
@1Grqk+16zEvLP3 No lah, you will still get your pro-rated bonus if you failed PIP and have to leave.
Stop spreading fake news!
Not all PIP passed, many failed. Those didnt make please report to mom. Just prove to mom that the improvement program is unrealistic and bias supervisor assessment. You loss your prorated bonus taking pip instead of pil.
@1Ebui+16zEvLP3
Though we were stupid complaining to MOM, but at least those on PIP passed.
💪💪💪All PIP pass
I’m using the tome to exhaust all medical benefits we have.. remember to use yours
@1Ebui+16zEvLP3
Though we were stupid complaining to MOM, but at least those on PIP passed.
We also glad that US side very positive.
Positive with COVID. Stupid don't wear mask, still waiting for vaccine. Cut another 8%.
In US, even executve rank managers got laid off, age is not on their side. Same will definitely come to Sg, just a matter of time.