Thread regarding Wells Fargo & Co. layoffs

when can we expect to hear about compensation for those who were meets and above?

should it have been discussed during the review?

please no trolls


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| 2643 views | | 14 replies (last January 24) | Reply
Post ID: @OP+1kfkg7yjz

14 replies (most recent on top)

Asked my boss, compensation will be approved 1/27, communication starting 1/28. IM/NI gets 0 raise 0 bonus in our(me+2) organization.

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Post ID: @g2+1kfkg7yjz

regardless of what managers entered, until the email comes out saying comp can be communicated those numbers are subject to change.

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Post ID: @fa+1kfkg7yjz

Increases are effective 2/8; bonus gets paid 2/13. Communication cannot happen prior to official BOD approval.

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Post ID: @e5+1kfkg7yjz

Here’s the scoop. Raises are down or flat across the board. Bonuses are all over the place. Managers have discretion on meets and exceeds (obviously exceeds should be up). NI gets nothing. IM about 30%-40% down. Don’t like it? Well yeah that’s the directive from above. Don’t blame the manager, it’s a strict recommendation that if they don’t follow affects them. Game of Thrones!

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Post ID: @bn+1kfkg7yjz

@ac that’s what my manager said. They know the numbers but have to wait until instructed to communicate.

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Post ID: @aq+1kfkg7yjz

not before Jan 28, managers will get an email from HR that they can start communicating comp numbers, probably go out sometime on the 28th.

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Post ID: @am+1kfkg7yjz

@a3 actually there are specific dates detailed on Teamworks/Workday.

But feel free to ask your boss and him/her to tell you they can't say anything yet

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Post ID: @ag+1kfkg7yjz

Wed January 28 next week at the soonest. Comp numbers are never part of performance reviews. Always separate conversations

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Post ID: @af+1kfkg7yjz

According to my sources, managers already can see the numbers as of today.
But they are not allowed to communicate until Jan 28

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Post ID: @ac+1kfkg7yjz

@OP Never held during perf review.
The schedule says managers will hear 1/28 and then can communicate to team. Depends on the mgr how quickly that happens. Last year that was a couple days prior to the payday,.but this year bonus won't show up til 2/13 paycheck (but visible in Workday 2/11). So we will see how quickly Mgrs share the details.

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Post ID: @aa+1kfkg7yjz

Lol IMs still will get bonuses too

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Post ID: @a7+1kfkg7yjz

No dates yet. Last few years discussion started last week of Jan. No timeliness for this year yet. Planning to ask my boss tomorrow in my review.

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Post ID: @a3+1kfkg7yjz

The day before it hits our bank accounts. This is usually a last minute thing.

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Post ID: @a2+1kfkg7yjz

Performance review conversations and compensation conversations are never held at the same time. According the the HR timeline that you have access to, compensation discussion will occur starting between 1/28-1/30. Bonuses will be reflected on the 2/13 paycheck.

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Post ID: @a1+1kfkg7yjz

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