48 years, 13 YEE, probability 10%
23 replies (most recent on top)
0.1% chance of making it to 55-years old with 15 years of service. ExxonMobil employees are on a 1-year transactional contract.
@1ak paid Exxon troll. You keep repeating a false definition of yee. Yee is simply a way to discriminate based on age. They can build metrics around yee but not age. Sure there are some slight benefits to getting older (moving up the salary curve) but the curve is flat for older folks so it doesn't do anything for them. It does however let the rank group openly focus on high yee people and push them down. THAT is its purpose. Pretend otherwise at your own peril.
YEE was invented to give credit for past experience whether WW@ vet or college, hence Age minus 18...I puts a more experienced person higher on a salary curve. The combination of CL plus yee allows EM to compete for older, more experienced people. It allow company to give a slight pay raise every year as a person grows experience. the shape of the YEE curve is sharp at lower YEE and flattens with age.
The medical is the big kicker in my opinion. That bridges you to 65.
You also need to reach 55 years old to be eligible for ExxonMobil retiree medical, dental, and vision benefits. Under 55 years old, you get nothing.
51, 29 years of service, give myself a 1 in 3 chance of not getting two strikes
@m1 you are stating as fact something that is untrue. They may have made that claim, but it is well known why they use yee - to avoid age discrimination. Its why the came up with it and it's how they use it. Do you believe every company proclamation?
@k0, thanks for your random opinion but I’m talking about the history of the company. YEE was invented to handle the issue of people returning to the workforce after WWII. HR used to explain that to people during orientation. I’m not sure what your point is. If you don’t find the history interesting, just go on with your day.
@jf yee has little to do with military service. Its a surrogate for age. They can't discriminate based on age, but they can use yee in the rating and ranking process. You are just buying the excuse they use to dodge age discrimination laws.
55 is a target that gets 75% of your pension.
60 is the zero penalty on pension target.
Each year above 55 gets you 5% more pension.
What are the chances of an HC10 employee, without a sponsor, to reach full pension at 60?
Very close to zero for anyone below 45.
For those who don’t know, the reasoning around YEE (Age - 18) comes from the post WWII era where the company didn’t want to discriminate against those who served in the military versus those who joined Exxon at a younger age. Military service was treated as fully equivalent to company experience for things like salary curves. Now you know.
@ah that is not what YEE means
@e9 good explanation ; i do think once you are nsied - the probability of a second one increases if you stay in the same group
You have 85% chance of not getting NSI. That defines your chance of success.
If you have “n” years remaining. Your probability of survival is 0.85^n
1 year remaining to retirement = 85% chance you will retire (Age 54)
10 years remaining (age 45). 0.85^10 = 20% chance of survival
20 years remaining (your age is 35) = 4 % chance of survival.
If you don’t understand this, your chances are much higher, since you are qualified id--t
7 more chances to not be NSI'ed twice in 5 years, probably less than 10% for sure.
https://www.thelayoff.com/t/1kx8qs69g
@OP 10%??? Would be interested to understand why you say such a low percentage
I give all of you under 45 a 1% chance. You will be replaced by someone at BTC where they don’t have pensions.
18 years in (YEE 20) , another ~17 to go. I only give it about 30% chance
I’m 44, been with the corporation for 13 years, making it 11 years just seems like a long shot. I don’t know if I can mentally handle another decade of assessment cycles.
@aa YEE means how many years with XOM.as you need at least 15 YEE to be eligible
YEE is just age - 18
@OP if you are 48, then your YEE is 30.