#compensation

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vote yes bc older t rates taking advantage of newer t rates

the older t rates are taking advantage of us new hires in schenectady

they are leveraging our vote saying vote no bc they are mad at the d rates.we wont get more we'll just lose jobs

this contract is OK im gonna be making over 80 grand a yr i have a GED and used to change tires for 15 bucks... it will be us new hires out the door not them... dont let them influence us.this is good money m

vote yes bc this is crazy good money and the old t rates are just made and using us to get revenge on the d rates pension

if we strike we lose pay and benefits. the old t rates dont care they have the money we being used by them f that


Leaving Money on the table

Why do employees settle for less? CEOs and exec VPs making 100x-1000x times the average employee. Why do we make em’ so rich.

I mean if a company makes net income per headcount say $10M for instance , it does not make sense an employee average income is $150K, why don’t employees ask for $9M? Why should employees allow any more than 10% margin for employers


Something is wrong with the severance!

I am getting only 12 weeks of severance for 23 years of work. The 12 weeks basically add up to my salary for the remainder of the year. No f..king appreciation for my years of service! I am talking to a lawyer before signing this!

Medical and dental good until Halloween. No more contributions to HSA.

I thought I read we should get 2 weeks for every year. So I thought I should be getting 46 weeks of severance pay. Not 12 or 3 months!

I am definitely one upset former employee who feels completely disrespected and given no empathy from HCSC!


Frisco Update

Cost of living is high and housing costs are higher. Compensation paid by TIAA is lower than average and drawing top talent is challenging. Doubling down and spending over $200M to relocate and draining down the surplus to hire 2,000 associates is high risk. Post COVID and virtual work from home, a much, much smarter strategy would be to recruit the best from all over the US instead of limiting yourself to a 30 Mile Zone. But, this what "T" wanted. Eventually AI, Accenture, India and the Phillipines are going to perform a giant su-king sound like Ross Perot and leave a hollow sound in Jerry Jones' $115M building complex.


Email was not for us…

Message Was to the markets and other industry leaders to justify the upcoming price increases to employer plans. Also to justify the massive 43M CEO pay. Clearly Savings from “the modest adjustment” barely match these massive pay and bonus c-suite increases. Aluta continua


I need help

Hi, I referred 2.5MM to a FA, I’m a premier. Back office is saying that they won’t give me compensation because I didn’t authenticate customer. I always authenticate because I have to generate a customized summary. Do you guys any lawyers I can contact? Is it worth it?


Sc--wed over by CPS Team

Just venting but I guess I'm curious if anyone (assuming they watch this page) has had the same thing happen

Sold a big 11:11 managed backup deal ~$18k monthly charges to customer. T--a told that "Rule of 72! You'll make a bunch of money". BS. We recognize 15% of that as GP$, not commissions. I'm on 20% com plan. So I get $540/month. I make more than that a week on cables and DON'T have to project manage the thing over 10 weeks, dozens of meetings.

Wait there's more! The rep from 11:11 asks me if I got the SPIFF. "What SPIFF?" Oh yeah, we're running an incentive where you get 2x the monthly charge upfront! $36K...that would have been nice for the effort I + tyeam put in. Would've gladdly shared it with my gals for their work on it.

So I go complain to my VP. More calls. Turns out "oh we have to pay for overhead". Jesus F! I complained enough they "let me" recognize 15% of the $36k, $5,400, and then I get only 20% of that too!

WTF is wrong with these people?


Testing the waters. Salary range

Can anyone on here tell me what a reasonable range for a VP job in Lake Mary would be (formally K grade prior to the restructure). Glassdoor is useless. I know I’ll get more trolls than help on this post but maybe 1 honest prisoner of this place will help out haha. Last time I saw a post like this someone said 100k in Pune and I rolled


Maurice Smith’s Profit

There’s a LinkedIn article circling around my department right now of the top 10 highest paid insurance CEOs of 2024. Good ole Maurice is #1, taking home more than 40 million dollars. Seems to me if he just took a measly pay cut of 10 million he could stop the layoffs and probably even onboard more people. The enemy of the working class is the billionaire, and we’re seeing the impact of that in real time.

Here’s a link to the article: https://www.linkedin.com/posts/dutchrojas_top-10-highest-paid-health-insurance-ceos-activity-7355559494208180225-V4fc?utm_source=share&utm_medium=member_ios&rcm=ACoAAACyFcsBZ8JcsDslVrsTQz0TcwWqK31N26w


Laid off and not sad

Tell me about the great new FTO policy and tell me to use my month of PTO right before you lay me off. You knew this was coming. Hope my small contribution to your balance sheet helps because it hurts me tremendously. What a low, low, awful thing to do to your (former) employees. Glad to be gone. Pay attention NetApp employees, they do not give a #$#@ about you or what you sacrifice.


C14,C15,C16 who do not contribute more than C13 in Finance back office are still kept for a reason?

Can Senior management tell us why you keep individual contributors C15 who are newly transferred to new assignment who ha no background? They are newly transferred starters and less value than C13 but paid too high


AIP estimates

Why do they stop publishing the quarterly AIP estimates? Anyway they report quarterly earnings to Wall Street. Any reason for not telling its employees on quarterly basis AIP?


401K options after layoff

Laid off in August. Just received an email/articles from fidelity showing the options for one's 401k on the former employer's plan. I'm particular interested in the option of leaving the money in former employer plan.

From fidelity's article, it mentions (not specific to Oracle's plan), one of considerations of leaving the money in former employer's is withdrawal options may be limited, saying "For instance, you may not be able to take a partial withdrawal; you may have to take the entire balance.".

I'm wondering if anyone knows what's the withdrawal options are in oracle's plan after leaving the company. Can we withdraw partially from it?

And any advises (pros, cons) for taking this option of leaving it as is in fidelity?
Thanks for advise in advance.


Has anyone else on the PBM side been feeling the impact of the voluntary retirements and overall turnover lately?

In underwriting, the burnout is very real. Pay even came up in the recent town hall, which says a lot. Every time someone leaves, their work just gets redistributed to the rest of us: same pay, more responsibility. Meanwhile, competitors are paying more and we’re cutting benefits, so people are openly talking about leaving.

We’re also losing clients and not hitting our goals, and it’s hard not to connect that to the fact that so many experienced people have left. Their knowledge and expertise can’t just be replaced overnight, but instead we’re backfilling with new college grads who don’t yet know how things work. That gap is putting even more pressure on the people still here. Now we are expected to do our work, cover the work of those who have left, and train the new hires.

Curious if others across the PBM side are seeing the same. Do you think leadership really understands how widespread this is?


Record Profits - Merit Split and No Merit Increases

How does a company with record profits not have any budget for paying their employees?! I have an IPF of 140 but there is no budget for salary increases or RSUs?! What a joke. I bet the executives all get their salary increases and stocks. Company is broken. But they LOVE US and it’s because of US. Anyone else angry at our corporate overlords that are out of touch?


Pay Rise Networks Strike

Were raising the profile again to others, join us, we used to get rises every year on time in AT&T. These lot are just a bunch of jokers, they dont even communicate or hold town halls now. They said August rises and now we are nearly in October. Everyone join our strike until they listen!


Teammate Growth Month

Not sure what grows around here.....Senior level roles seem to always be filled with outside hires, promotional opportunities are slim to none. Pay certainly does not grow to keep teammates even with inflation. Benefits shrink like a cheap t-shirt (e.g., 401K match reduction). We are Truist and we are unstoppable, good grief.


EchoStar Flush With Cash Should Payout!

Hoping that EchoStar does a big fat share buyback or adds a nice dividend. Unfortunately, they're a very poorly run company and will end up using this as an excuse for layoffs. This stock (accounting for Dish as well) has been an Out & Out disaster play that's still under water.

EchoStar expects to have $24 billion in cash after spectrum sales, debt payments

September 15, 202

EchoStar (SATS.O) said on Monday it expects to hold $24.1 billion in total cash after using proceeds from its spectrum license sales to repay debt, bolstering its balance sheet and supporting growth in wireless, satellite and technology sectors.
The satellite communications firm sold some wireless spectrum licenses to AT&T (T.N), opens new tab for $23 billion and SpaceX for about $17 billion after the Federal Communications Commission questioned EchoStar's compliance with buildout extensions and use of mobile-satellite service spectrum.

The cash proceeds from the recent spectrum transactions will be $31.2 billion and the company will have a debt repayment of $11.4 billion, EchoStar CEO Hamid Akhavan said at the World Space Business Week in Paris.
It had cash in hand worth $4.33 billion, as of June 30.

The U.S. FCC said last week it would terminate its investigation into EchoStar over its slow deployment of 5G services in the country after AT&T, SpaceX deals.
"The hand that we were dealt by the FCC was one that there's only one logical path that we were going to be able to take," EchoStar Chair Charlie Ergen said at the same event.
Akhavan said a portion of the spectrum remains in house including in the AWS-3 band, which is deployed in all of the major national carriers.
EchoStar said it would focus to grow the Boost Mobile hybrid MVNO (mobile virtual network operator) by using AT&T's network and integrating satellite connectivity through Starlink direct-to-cell service.

The transactions with AT&T and SpaceX are still subject to FCC approval.

EchoStar will continue to operate its satellite television service Dish TV and streaming TV platform Sling, while shifting its internet service Hughes toward enterprise customers.


Stock Tanking & CFO Growth Strategy: Cutting Mobile for Employees

Another brilliant move from Helen, our CFO. Never a thought for the employees or the long term growth of the company but just endless rounds of redundancies, reorganisations, cost cutting, and not this: scrapping company mobile phones and instead offering staff a measly £6-8 per paycheck. What a farce - is this how you value your employees?

Back in May, she pocketed 2-3M in retention options for absolutely no reason. Meanwhile rest of us are left to deal with the fallout of her decisions. Frankly, it’s poetic justice that’s she is now underwater with those options give the damage she caused.

This decline began the moment she joined the company. She wrecked the sales organization with her favorites in bloody sales leaders, and now dragging down the entire company. 40yrs of culture undone in no time at all with her. Her tenure as CFO will be remembered as a failure, plain and simple.

And as for the CIO - what a disappointment to blindly follow her lead and send out that message about axing mobile coverage. Shame on you.

Hoping Sanoke can turn things around before it’s too late.


Save Up

We are all highly compensated. Do not let lifestyle creep affect you. I've been able to support a spouse that doesn't work and two kids off of my salary. At the same time, I've maxed out the 401k, IRAs and saved a full year of expenses. Do the same and these layoffs won't be painful. We all know another one is coming before we know it. Don't be a statistic.