What are you hearing about the AIP? Is it really at risk? Seems like it would be a slap in the face to those who either elected not to take the VSP or were not eligible for the VSP to take the AIP away on top of everything else.
14 replies (most recent on top)
It’s so sad reading all these things about a company I was once very proud to work for. Over 30 years & he takes a week PTO, then BP takes away the sales conference and has now run ship from his disasters. Good riddance BP, you have ki-led what use to be a great company!!
Did I read it incorrectly, or do the percentages not drop until the 2027 payout for the HCEs? Could've sworn it was supposed to happen in the 2026 round.
@49g True that it's a good salary but the issue is the percentage was lowered from 8%-12% for the lower bands to just 8% flat. While the highest bands (leadership) raised their floor from 8% to 10% and 15 to 20%. Essentially taking away the chance to earn higher bonuses from the workers and funneling up to leadership at a set rate no matter how the company performs. On top of the fact the higher bands are making salaries double or more what the lower bands do.
@3zq if you’re AIP % is going down, it means you make a salary of $130,000 or more. That’s a good salary considering how little other people in the company are making.
@3zq But the email we rec’d yesterday said the AIP is used to keep us competitive with respect to salaries (I wish there was a sarcasm font)
For those of us that are “lucky” to be staying. The AIP percentages are going down for band BDB. That is me. Another great announcement out of CA. Been nothing but announcements of taking benefits away from the workers. Great job!
@34n finally someone has said it out loud. She is a fool and embarrasses herself and CareFirst every time she opens her mouth.
@fx Celestin has been 100% awful towards any employee with about 10 years or more of experience. She's done nothing since her arrival other than putting in changes that have negatively affected that group.
The AIP is at risk. This point is precisely why ELT made the first topic in the Director & above meeting after the VSP finalized was….”mandatory to attend an ERG event” to make sure we meet that corporate goal. They are worried about their own AIP money - plain and simple.
Book smart people don’t always make good leaders. Good leaders gain experience over years, learn from great mentors and go through ups, downs and everything in between in their career. This ELT believes every year is “the best year ever.”
If the new CEO is another delusional thinker, who invents reality to suit their desire, has “conversations” where only they talk, and asks us to constantly lean in and show up…jump ship and save yourself!!!
@cj for 2025, sure.
I would expect it to be ceased in either 2026 or 2027.
Can you just imagine how many good people are going to walk out the door when that's gone? I have a feeling there are a lot just holding on until they qualify.
@fd let's not forget the multi-step plan of ki-ling off the pension. first halting new employees access to the pension, then later freezing any real growth locking it in at a low interest rate that anyone could have beaten in high yield savings account. i think ac deserves as much or more of the blame for these then bp
@cj "NOTHING IS EVER GUARANTEED" is an understatement. CF has just thrown their 65 and older retirees off their CF group health benefits to the exchange (already did that to those under 65 several years ago). So, bottom line, if you think you are working at Maryland's largest health insurer and will have great benefits when you retire, go find yourself a job at the State or County. CF does not give a F*** about their associates and retirees. This has all happened under BP's tenure. He literally ki-led the culture of celebrating milestone anniversaries, stole 5 days of earned PTO from associates with 30 or more years of service, provides NO HEALTHCARE BENEFITS to retirees (currently provides a tiny subsidy (HRA) for a qualifying plan but you can assume that will be removed in the future).
If you stay at CF, I advise to start saving that AIP because you will need it when you retire to pay for your healthcare benefit premiums, copays, deductibles and high OOP expenses.
VSP exceeded expectations and the Corporate Goal scorecard showing results above target across several areas. It seems very likely that an AIP will be issued, though nothing is ever guaranteed.