Prices on average went up 10%. I would like the price of my labor to be adjusted accordingly. Anything under 10% is not acceptable as it would be an equivalent of a pay cut. You should ask for it too.
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When you say the guidance is set…to what rank group does that correspond? And how does an individuals position vs salary reference sway that?
The guidance is already set for next year … 5% business and 3.5% support groups.
Our colleagues in Belgium might be so lucky because they have automatic 2% increase once the inflation exceed certain threshold.
Believe they receive several 2% this year due to the high inflation.
So when inflation is under 1% you’re good with an under 1% raise? Raises are tied to what others are paying not what inflation is. That being said others are paying more which is what you should focus on.
@OP They’re never going to pay you enough to get ahead of the cost of living. That’s by design. It’s up to you to find ways to boost your income.
What was the old gas max discount on the EM CC?
Gotta be careful here - probably like some of you, I'm based out of T% (the biggest state).
I know they're scanning for the code words. Always scanning.
So, the 0P's point, what would make sense, and has a long tradition, is for the W0rker$ to get "organazized." Get a little real c0llab0ration going among the l0wer $trata, the grunts, the payroles. Dig into an onion, you may start crying, but there's many layers in an onion.
That's my humble opinion. Humble. RIght...
It would’ve been nice if the company hadn’t reduced the max discount received from the Exxon credit card for gasoline during this increase in inflation. That could’ve been one bone they could’ve thrown us to ease some of the pain. Instead they lowered the max discount amount. WTH
@uye+1hIPDnQb Nobody used the word "deserve" except you. Can definitely see you're an EM employee! 🤡
If there was no minimum inflation linked cost of living raise across the board last year do you think it will happen this year?
Don't hold your breath.
You think you deserve a raise just because of inflation? Hahahahahaha. Get real. You aren't more productive, you don't deserve squat.
I'm leaving after the summer, offer in place. Like others, pay is uncompetitive and NEED to leave to maintain standard of living.
XOM likely to make in excess of $50 billion profit this year.
One could argue that a major contributing factor to inflation is oil and gas products.
Inflation at 10% should (but may not) translate into minimum cost of living increases of similar amount.
Assessment increases will be dolled out on a mystery basis - supervisors have zero control, it’s a centralized HR/ corp affair. Making a mockery of DW’s pleas to “speak to your management” about concerns.
My guess <5% COL bump. Pay rises will be disappointing again due to corporate belief we are overpaid. Any raises will be shrouded in mystery so COL may be seen as a part of pay rise and some may get much less than 5%. Of course NSIs getting nothing.
One thing you can guarantee is DW will get a double digit pay rise. Again compounding his absolute ignorance and greed in the face of his employee’s relative loss. This will push many to seek alternative employment allowing him to claim further cost cuts, thus driving larger profits (in the short term) resulting in another double digit pay rise in 2023.
XOM is in a death spiral while DW is at the helm and although I didn’t see this coming a few years ago it is now as clear as day. Until DW goes (which is unlikely any time soon) XOM will continue on a path to mediocrity.
I hate to be so negative but I have no evidence to suggest anything but a terrible path ahead. All the evidence points to worsening conditions, lower performance and a failing company.
I was Outstanding, then went to NI. 1% payrise for the last 2 years total. I'm out in the next few months, Exxon salary growth massively uncompetitive.
You're right about a salary correction being needed. I'm new to this - how have salary corrections tracked the market?
Does this mean the company cuts pay in a recession? Maybe it is in the form of a reduction in force, but not salary too.
Now my opinion: if you let go of the lower compensated employees through the pandemic, wouldn't it be fitting that they be brought back/ given above market wages? An inflationary market correction does not seem appropriate for non represented employees.