Anyone have any insight on this happening?
12 replies (most recent on top)
Not with this crew. They’ve replaced mid year raises with mid year layoffs.
@OP you must be new here.
OP - I want what you are smoking.
Wait until you guys find out that remote positions in Poland and other places overseas have dedicated career pathing promotions built into them.
They're listed for a couple pay grades lower than what they'd be in the US, but they're remote positions with the ability to get promoted literally built into the posting.
They're already treating overseas employees better than those here in the US because they want us all to quit.
Read the room. They haven’t even given raises to 30% of bank employees this year as part of performance reviews or maybe even more. They left salary grade levels untouched and demoted remote staff to C area to lower their pay. You think they are going to give mid year increases? What world are you living in?
Not in this leadership, or in this market. This is a thing of the past and if it does happen it’s by extreme exception. We are talking bank at risk of legalities for proof of underpaid work.
I've been here 18 years and I know of two people who have experienced something like this. And both of them had very excellent outlying reasons. Where the heck do you think we work LOL.!
@ae In RM&C certain areas are so over staffed there is no way they are giving mid year bonuses unless your a grade 14 or higher. I am guessing they can’t afford it with all the high salaries they have now. If the CEO ever really looks into their budget and how many employees are at high grade she will clean house.
@a3 I got a rare mid-year promotion (not recently) but it was late enough that I didn't get a merit. It was more money than I'd have seen in 5 merits, so I wasn't complaining.
If you get one, you won't get merit next round, so, good luck.
Good luck! I agree the only real way for this to happen is mid-year promotions. RM&C quietly denied promotions for the entire BL at merit time. I guess there's an argument made for saving the money to do more with less and get back to them later, but my guy says it's a categorical no and not to count on mid-year promotions either. They seem to want to drive attrition.
Never heard of that happening unless you have a mid year promotion or get a new role