The myth that we all got massive pay raises needs to be dispelled. People outside of Exxon have this idea that we are all generously rewarded. This is not true because there are not many people who got large raises. Moreover, I think that the majority is quite dissatisfied with the raises? I wish I was wrong.
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We need to get rid of all the employees who m claimed to be a researcher or worked in any of the research orgs in their past. We all know how technically incompetent they are. They had zero respect in the external research community and now they are pretending to be business savvy. Folks let’s all laugh at them first. and then take strict actions.
Any pay raises are about controlling the situation of more people leaving sooner than what they have in the plan. Once they catch up some on the attrition rates, it will back to normal. The company is still in a retracting business model not a growth model. The PIPs will continue and salaries will stagnant.
What raise? I haven't got a cent
If anyone thinks the problem with ExxonMobil is a pay raise or its pay, they are missing the most important point.
The biggest loss in working for a place where talent is suppressed and where the colleagues are scamsters, pretenders, living zombies and brown nosers. For someone younger than 55, the loss of precious life years is something they will regret later unless, of course, they become true Exxon zombies.
Some wishful thinking on this thread.
Does anyone really believe that the company gave someone a 20% bump in base pay? That’s 1/5 of your annual earnings, or $200 for every $1,000 they pay you. This isn’t happening in the current business environment. Not at EM, not anywhere else. Unless the person telling you this shows you their pay stub you should assume it’s BS.
Great to get raises to bring salaries up to market rates. It might even make you feel better to know you got 1 more CL point over your peers. Unless your peers also got the 1 point bump so everybody is even.
I got a massive raise, but you got to hurry up and get it, before it goes back down...........oh sorry, y'all are talking about pay raises and I went off topic AGAIN!
OP's point is well taken. As a one-off, we all got decent raises this year. In real terms, we all have fallen behind. We are not fooled that this was the real intent by HR. Hooray for them! Payscales have taken a notch down. If a better culture and work life balance is the trade off, then maybe it's a good deal. Time will tell
Most of the conversation around here regarding pay and compensation is wishful thinking, so I don’t really need the “myth to be dispelled”.
I got 4% and wasn’t happy, but there isn’t anything I can do about it except try harder. I honestly almost resigned over it, but I’m going to stay for now.
19% here (midstream)
Average for Controllers was 8-9%. I personally wouldn’t consider that massive. Decent, sure. Massive for me constitutes a raise of 20% or above.
You people are such effin cry babies. You cried that you didn’t get a raise, now you’re complaining that you got a massive raise. Please post your names so I can PIP you! You should all quit, we wouldn’t miss you. You’re such a hotshot that you think every other company would immediately hire you for more money and treat you better, then why are you still at XOM? Answer: because you are useless, have NO marketable skill or knowledge, and dont even want to show up for work. If I read one more complaint about XOM, my head will EXPL0DE! Now stop it immediately!
Not a myth minimum I've heard of in Upstream 6% up to 22%
Not true! 0 - 9% appeared to be our range unless CL bump and/or promotion. I am glad management got 10%, because I am concerned they couldn’t put bacon on the table.
It’s to slow attrition so EM can work out when to release staff vs them leaving of their own accord
You all are crazy. At CVX our raises for the last years were
2020 - 2%
2021 - 3%
2022 - 3%
2023 - ?%
As the CEO, HR and multiple General mangers stated we do not care what inflation is that is not part of the equation, be happy you don’t work at XOM they stopped their 401k for one year.
Avg upstream salary increase was 14% cumulative over 2021 to date vs 18% inflation. How were the raises massive? Yes if you are young and way down the salary curve it looked ok but wait till your YE is 17+
Got f*cked in the ranking this past year and got a sh---y raise and precious two years were high performance and no raises. FML
The relatively high raises in 2022 are a tacit concession by management that they fked up in 2020/2.
Nevertheless, it's too little too late IMHO.
They showed us their true colors: EM is not a place for a long term career anymore.
The raises are like temporary anesthesia to a terminal ill patient.
The pay raises were quite significant; personally I was pleasantly shocked
I don’t know anyone who got less than 12% raise
But most of us did get much larger than normal pay increases. 7-12% or if CL bump 15-22%
I don’t see this as a myth. Most folks I have talked to have commented on their surprise that the salary treatments were higher than expected.