Will the solid earnings translate to higher compensation?
13 replies (most recent on top)
Waiting for bonus to be paid in mid 2022, straight after jump to Shell. Simple.
Muppets… Shell is a bunch of virus signaling, alcoholic, bureaucrats.
They are all bad. It is terrible to see young individuals to get sucked into dirty vortex of O&G, just for money.
Greed has a name; oil and gas.
Left Shell to join XOM and received a 30% base salary raise. Shell raises are very low plus bonus is easily manipulated by leadership on BPF. The grass is not always greener. Just move around to get raises.
Okay so I joined Shell from XOM at the tail end of 2021 for the exact same position. I was already paid on the higher-end vs the market but I was able to get a 15% base pay bump after I pushed for it though. I was also put in what they call a job grade which gave me 15% additional target bonus. The company did well so I got a 25% bonus instead for 2021 (there is a calculation method they use). Even though I did not work all year, I got a prorated bonus pay out for the few months I worked last year. Assuming bonus is paid each year at target, it is about a $50K bump in total compensation for me. Plus 9/80 schedule and for the Fridays I work I am allowed to WFH no questions asked or reason needed. Less tense and cold environment for sure, this place is packed with former XOM employees. Without XOM I surely would not have gotten this gig so I am grateful for that.
“Shell pays better than XOM?”
Shell, EM, Chevron, et. al., all pay about the same and are all equally toxic. All sell the same product, employ the same people, and have the same business model. There’s no point in leaving any of them to work at any other.
Shell continues to subsidize your health insurance after you retire. Exxon doesn't. This is a huge benefit worth thousands of dollars over your retirement years.
Yes, we benchmark BUT, in the past, XOM aimed to pay in the middle (50%) and Shell aimed to pay at 75%….
I left to Shell and I am earning the same base pay plus 20% bonus. Culture is so different(better) and I am shocked how things are done here
I left for an independent and got a 50% increase in base alone. Sure there is always the possibility of layoffs at an independent, but based on the last couple of years at XOM, I’d say the playing field has all but been leveled.
My understanding is that EM and all of the other majors benchmark eachother and attempt to be "at market" not above or below. In aggregate, that should mean that the average employee at one major will be paid the same as an average employee at another major (assuming same experience, level of contribution, location). There is obviously going to be variance, but I suspect (can't confirm) that variance within is greater than variance across majors.
I left EM last year and went to BP for a 40% pay raise and the addition of a 20% bonus. Oh and no totally destroyed moral and the management seem to actually have a clue!
Only for executives and high potential people with sponsors.