Hey guys, Im fairly new to the company a new grad (<1 year experience in company). I work in Upstream in USA. Im obvs very new to this whole ranking system and raises and all. I see left right and center that our competitors (Supermajors as well as some smaller local American companies) are outright paying more in base salary and even offer sweet bonuses at year end pending company performance. I just went through my first 1v1 with my manager and was told that "hey dont worry about what other are paying in this region, they can pay higher salary and bonuses just know that you will outearn them all over the course of your life because of the sweet pension plan XOM has".
This kind of left me baffled, because im being old to stick it out so that over the course of my "life" i will outearn my competitors at other companies. What if i died 2 years into my retirement ???? What if this companies backtracks on Pension commitments like BP did to its retirees ??
Every year they will rank me against my "competitors" and based on that they will decided whether i should go on a PIP or not.......yeah seems like a nice excuse to introduce a lot of human bias. Over the course of your career you are bound to have ATLEAST one manager that hates your guts......what will you do then ??
I dont want to be in a position where one bad manager and PUFFF ur chances of succeeding at this company are finished. And also i want the higher pay and bonueses NOW.........life is uncertain so give me the absolutely max that you can NOW then i will invest it and even in a normal ETF S&P 500 i can make sooo much more out of that extra 20-30K now than have to wait for XOM to give me 20-30K in pension when im 65.....
Rant done.......im looking for an exit........Shell looks like a sinking boat just like BP...will be avoiding those.........but Chevron seems like a sweet deal.
See ya guys there !! Hahah