Is Imperial actually going to do anything about salaries, or are we just going to keep losing employees? With inflation over 8% per year, no general raises for 2021 and very limited raises in 2022, most employees are now earning less in real terms than they did two years ago. Plus, the job market is hot and general salaries are up everywhere else.
US employees got a 3% lump sum, other markets have got mid-year salary adjustments, but still nothing for Canada?
Not only are salaries falling behind, but there's very little to be excited or interested about. Any of the big stand-alone projects have been cancelled (Aspen, West Coast LNG) and there's few decisions made in-country any more. Everything is just about squeezing $ out of the existing assets, and following marching to orders from Houston even when they don't make sense for IOL. Sad.
An employer pays the least amount it can get away with without losing you as an employee.
If there is high turnover and an employer cannot get by, they will give bigger raises. If the employer wants to reduce costs, they will layoff high cost employees to increase profits.
That is what the whole ranking system is all about, to keep you on your toes and to gradually reduce costs.
That is why the older workers have protection laws to ensure companies don't lay them off to avoid giving pensions on retirement as well as they tend to be higher on the salary scale owing to tenure and usually costlier.
If you are a new eng grad, you should avoid Imperial. If you an imperial new hired or with less than 3 years in the company, you should start looking to move on asap.
This is a sinking ship with a toxic culture. Do not believe all the propaganda they put out.
Any projects on horizon? Seem like we are stuck
....but we just got our carbon tax rebate ;)