I know of three people now that have received an annual bonus: Husky, Sinopec and Nexen.
I suppose things aren't all bad, while being employed.
I was laid off and haven't found SIMILAR work yet
I was laid off and found a new job in the same industry
I was laid off and found a new job/career in a different industry
I'm still plugging along with the same company I've always been with
I quit my job and went elsewhere
We're all fucked
Other
I know of three people now that have received an annual bonus: Husky, Sinopec and Nexen.
I suppose things aren't all bad, while being employed.
Ultracrepidarian
Define the bonus?
Most are optics as these "bonuses" are very minor just to say they gave out a bonus.
Hearing DVN retention bonus if you stay until sale date is 3 months salary. Not bad for this environment.
^ Shell staff got their bonuses Feb 28 as well.
Anecdotally, i also noticed pretty light traffic going westbound on Mcknight at 16:30 on Friday March 1 when i picked up my wife. Normally it is backed up past the Wendy's/Tim's on 12th, but it was pretty smooth sailing for once. I assumed people are on holidays but hard to tell for sure.
Kind of crude to ask specifics about their bonus... The fact they got anything is what surprised me the most! So >$0 is better than a paycut or layoff that I've heard from lots of places.This quote is hidden because you are ignoring this member. Show Quote
Needless to say they're all excited about a vacation now, wherever that takes them.
Ultracrepidarian
I take 14th --> Crowchild --> 9th ave/bow trail every day into the office and traffic seems worse this year than last, but the construction has something to do with that. Compared to 2014/2015 it's still way busier, at least at my commute times (730ish), as best I can tell. The summer time is the best, everyone with kids or teacher-spouses go on vacation and commutes are sooooo much nicer. Certain Fridays I really notice it as well, presumably from all the companies that have Fridays off and half day Fridays. I also think a lot of people went away over the last little while to escape the cold - everyone I know with a place down South went to it haha. Coldest February in 40 years, apparently.This quote is hidden because you are ignoring this member. Show Quote
Being that alot of these oil companies are public are the required to specify anything about their bonus structure publicly?
"I'm so scared of lay-offs!"This quote is hidden because you are ignoring this member. Show Quote
*gets bonus that should be saved in case of lay-off*
"WHOOHOO! VACATION HERE I COME!"
Most got their bonus and RRSP matching etc before Mar 1st deadline.
I don't find traffic any lighter until I hit downtown core.
Last edited by Xtrema; 03-04-2019 at 12:14 PM.
True story bro. The proportion of people who don't even consider saving is really high.This quote is hidden because you are ignoring this member. Show Quote
This quote is hidden because you are ignoring this member. Show Quote
Resisting the impulsive nature to spend because you can is hard, especially when you're used to making money (and quite good money to boot) and have never been in a position to truly realize how stressful it is otherwise. I'm getting a pretty big tax return this year because of my school credits and I just want to get back some of the camera gear I had to sell during school....but alas...mortgage payments...booooooo
Ultracrepidarian
Get $1000 after tax bonus.
Spend $4000 on a vacation.
Say how they took a holiday with their bonus.
Complain how they can't retire...
Yup, proxies will be released in the next month or so.This quote is hidden because you are ignoring this member. Show Quote
Originally posted by arian_ma
your stomach is full of sulfuric acid
Dumping bonus into RRSP seems logical to me, especially if you been slacking on it and have the room. My company even makes it easy for me and it can go directly in it. Nice to see a full amount go in there without taxation (for now, of course).
Sounds boring haha
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
LOL well you're not wrong. Also sounds like most O&G workers 50+ right now.This quote is hidden because you are ignoring this member. Show Quote
Ultracrepidarian
Shell bonus was very good this year.
Executive bonuses are usually public. Regular staff is probably lumped into G&A. Where I've worked that's how it's been, anyway.This quote is hidden because you are ignoring this member. Show Quote
Last edited by Mitsu3000gt; 03-04-2019 at 03:08 PM.
I'm not in O&G but I'm wondering what are bonuses based on? Overall company profit or is it per division, etc.?
depends on the company. where i work the calculation is:This quote is hidden because you are ignoring this member. Show Quote
<target bonus based on job level> * <individual performance multiplier> * <overall company-wide business performance multiplier>
For example say the employee had a really good year (outperformed peers quite a bit = 1.4), but company did OK (met targets = 1.0) and their target bonus for their level was 20%. It could be something like:
20% * 1.4 * 1.0 = 28% bonus
Personally I think it's better to look at overall company vs. individual divisions even though it might seem unfair to others.