How many "must move"s among the expats? Each expat is at least a million dollars in cost. Eliminate 500 expats. That is at least 500 million. Could be even more. Will pay 25% of the next dividend obligation.
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I have a friend working in Chevron as an expat. He is a business lead and he said to me he is working 24X7 no weekends no rest no vacation. This is Chevron
What kind of a life is that?
I was an Expat for 13 years and now work in the towers due to Medical issues. I am thankful for those 13 years and wish it could have been longer. I have 90+ points and hoping for the severance. If they offered it to me, I would walk today as the towers aren't for me.
137155, what it costs to Chevron would be 750K or even more. They pay your taxes on the extra income etc. and lot more
I'm probably on the cheaper side of expat pay due to my home country (US) and current low risk location. My gross expat pay is only about $270,000 per year (includes salary, expat premium, housing and other living allowances, taxes, spousal allowance, vacation allowance, etc.). Add another $20k-$30k in one-time move fees and still nowhere near the $700,000 mentioned. I can definitely see where higher paid folks in higher risk locations can get close to $700k gross.
You need to look at your tax returns. You'll be surprised by your gross income after all the tax equalizations and payments made on your behalf. Add in the cost of transport, feeding and housing you for 28 days and it's not hard to get to $700k. Also consider that you need 2 people for one position. A rotational position is very expensive and are over-used in the company. MCPs have accountant types who sit in front of a computer inside all day on rotational assignments. There is no reason that job couldn't be resident somewhere with occasional business trips to site.
At least some of the ridiculous contractor fat is being cut. There were "performance" engineers rotating at 2k+ day rates who's job was to make graphs. Total boondoggle. 28/28 ain't a picnic, but the w Africa rates and premiums are excessive, especially if you are in Angola. Needs to come down if we are going to be able to make money there.
None of us expats (rotators) make 700,000 per year, they are cutting 30% in w Africa just like everywhere else. OUR ONE PLUS IS THAT WE ARE CLOSER TO THE WELLHEAD THAN A LEAN SIGMA ADVISOR . Suck it up and go to work for a change and try working 28/28 and see if you can hang........................
That dam van! As people are running out the door....I can not discuss this now....GOTTA CATCH THE VAN! I turned out to be the dummy that stayed.
How many of the 60000 or so Chevron employees are in an expat status worldwide? Does somebody know?
Reminds me of a petrophysicis I used to work around. Would go to his office to ask questions - "oh, I don't have time now, I have a massage appointment in 5 minutes". He got a massage EVERY day. Needless to say, he didn't work any harder than he had to. Oh, look at the time, gotta catch that van.
I forget the guys name but he was an Expat from Pakistan. I would give him a 95 on the IQ test. He did relatively nothing, he was nice enough but put in a corner because he was more of a bother to interact with than ignore. He left his pay stub in the trash for the janitor to find. He was making 700,000 K....his nick name became the 700,000 dollar man...we can rebuild him....we have the technology....
It is more than a million for sure. May be 1.5 million per employee on an average. I know a number of them in US who have stayed on as expats for 10 years. And I know they are doing the same work everybody else is doing. The math is simple. Chevron is paying for their housing and cost of living generously over and above the basic pay. Plus the home travel, spouse allowance, schooling, US taxes, state, federal, yada yada. These are percs justifiable in good times moving employees around to keep them motivated. But not in these times.
To your comment, those are the ones who make money for the company. Not building graphs and charts, having ice cream socials for some cause, car pooling, so you can't stay past 4PM, doing your stretch breaks and planning your next boon doggle. And your flex time, oh brother, dont get me started. The towers are way overloaded and I for one is happy to see the trimming going on. Cut deeper Watson! - stockholder