LyondellBasell reviews

3.6

68% would recommend to a friend

(344 total reviews)
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Peter Vanacker

61% approve of CEO

52% positive business outlook

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344 reviews

Reviews about "Compensation"

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2.0
May 7, 2014
Recommend
CEO approval
Business Outlook

Pros

there are still some talent here that you cannot find elsewhere, so still a good learning base in the beginning. First 3 years is good here, then there are probably better opportunities in terms of career growth and quality work. The trick is to manage your own career and positioning on work and projects. There are alot of opportunities to do this with the current market and project funding going into the company. Pay is very good. Pension is OK. Bonuses are awesome. The CEO has successfully eliminated 9/80 schedule from some parts of the company, but they gave it back to parts where loss of talent was beyond what they were hoping for. So, ask about alternative work schedule specific to location where you are planning to seek a position.

Cons

Much of the experienced talent has moved on to other companies where it is more competitive in regard to employee oriented policies. There is lot of work that is really not valued in most other parts of this industry. So try and avoid the 'hype' flavor of the year upper management driven 'initiatives', or you may be 5 years down the road with nothing to talk about in your next interview. The vision is short ranged depite what is said. There is strong talk of safety, but some of the actions with contradict ll the way to the top. Moral is hit or miss, but has definately declined. The employee retention is very bad, and positions stay open for a while. The upper management has a bully mentality. CEO is trying to implement some senior level engineering overseas India.

5.0
Apr 21, 2014
Recommend
CEO approval
Business Outlook

Pros

Competitive Pay, Yearly Bonus, Exceptional Benefits, and huge career potential. Safety culture is top of class with commitment from top down. Lots of opportunity for professional growth. My performance is not limited by the company.

Cons

Company is VERY lean, which has some benefits (such as pay and job security), but mostly just contributes to a lot of stress. There is a lot more work that needs to be done than can be (this applies to EVERY position in the company) so you are constantly in a pit trying to complete action items and legal requirements. This company is not for people who cannot handle stress or time & task management.

5.0
Apr 11, 2014

A gem among the many

Recommend
CEO approval
Business Outlook

Pros

Young engineers are given a great deal of responsibility and are immediately placed in the plant manufacturing setting. Experienced engineers are immediately utilized at plant, corporate, project, and area levels as support. Although an S&P 500 company, it still has a small company feel. Engineers at least twice a year for each plant have an opportunity to meet a VP or other business leaders. Internal rotations are a common occurrence, especially for young engineers, though only in very rare circumstances are forced rotations used. Rotation opportunities vary from plant level to business group, technology, or organization moves. Ex. An engineer could rotate from maintenance engineering to supply chain, from production engineering to Health, Safety & Environmental, or commercial group to plant level. Rotations for young/new engineers are more common though they often occur on a fixed schedule. Impressive safety culture and record, flex schedules, pay-for-performance bonus structure, and turnaround compensation. High degree of responsibility is given and ownership is expected for all levels of the organization. The companies goals are clear: be the best chemical company in the world. Recognized that this is a continuous goal.

Cons

The company runs lean on people so a great deal of ownership and responsibility is required. Not well known outside of the chemical industry. Somewhat know within the industry. Your neighbor more than likely has never heard of Lyondellbasell. No clear-cut job grades and salaries except at 0-2 year experienced engineers. If outside of the manufacturing organization, the company organization chart is essential to understand people's positions. After two to three years, you will have very little idea how much your raise will be and when your next promotion will be without effort on the employee's part. As with many companies that are in the process of changing their culture, Lyondellbasell has growing pains. Long tenured employees remember different days under Lyondell before the merger; Lyondellbasell has differences form the previous company.

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