LyondellBasell reviews

3.6

68% would recommend to a friend

(342 total reviews)
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Peter Vanacker

61% approve of CEO

52% positive business outlook

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342 reviews

Reviews about "Compensation"

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4.0
Sep 29, 2022

Meeh

Recommend
CEO approval
Business Outlook

Pros

I worked at Lyondell in the Bob Patel era so I will comment about the culture at the time. Here are some of the positives- 1. Patel inspired confidence and really helped establish the vision, mission, and values at LYB. He was a very good orator and I loved attending his town halls. I felt like we all have a mission and that we were very well informed about the direction the company was going. 2. Safety culture is second to none here. No short cuts or you'll get terminated. This is both good and bad depending on the outlook. Good for obvious reasons but bad because if you or someone in your group had an incident in their unit (inadvertently), they would be put on a short leash and they will be shamed among their co-workers. 3. No lack of personal development. My supervisor volunteered me to attend a lot of practical training sessions. These have basically helped me secure my job. 4. Co-workers are smart, compassionate, and easy to work with. Friday lunches used to be a norm for us and I loved having caring co-workers around me because lets be real here--you spend 8-9 hrs of your day with co-workers. 5. Bonus was good, esp. post Gallogly debacle. Gallogly and Blavatnik had run this place into the ground. Ask the folks who have been around--Arco was one of the best employer back in the day.

Cons

Well, here are the reasons people leave- 1. Lack of recognition--this means, poor salary raise/yr; little-to-NO PROMOTION. If you are ambitions and work like a dog, this is not the place for you. When people got promoted, raise was meager at ~ 6-9%, which IMO is a joke. 2. Monotonous work. Of course they did not have a plan for people to move internally. People often quit as a result. This is very contrasting to BASF, etc that are also plagued with issues, however, they encourage internal movement (x-functional group transfers). Culture here is not established for people to move btwn different groups. 3. Paralysis by analysis--its good to have a strong safety culture but people loved harping about a drop of chemical and its potential to kill someone. It was a running joke, the length of our PHA sessions and the outcomes.

1.0
Sep 29, 2022
Recommend
CEO approval
Business Outlook

Pros

Great people and collaboration at lower levels Base pay on the low side, variable pay could be high vs peers - although sobered in past years

Cons

CFO cannot be trusted, thinks extremely highly of himself (arrogant) and does not care about people development. Takes every opportunity to recruit friends externally. New CEO largely invisible to the organization, very different than prior CEO. Very high turnover due to lack of opportunities, favoritism and external hires.

3.0
Sep 22, 2022

Company was Okay

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Hybrid - work 3 days in office and 2 days at home - Good PTO - Good Colleagues - Depending on the team - can be a relaxing group/environment

Cons

- No Room for growth - Raise practically impossible to obtain - Pay is not competitive to the market standard - Politics within Managers + Leads + Directors - Managers micromanage + provide little to no feed back - Managers "Quiet Firing" - Directors "Quiet Firing" - Overworked - worked on weekends and 12hrs+ for certain projects - does not include overtime payment - A lot of movement and changes within the organization for the worse - A lot of Managers are not good managers : Managers focus on the negative things, a lot of micromanaging, abuse the WFH system + punish others who need to WFH

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