This new rating system of forcing 20% below meet is this new?.
I am thinking it started with this era of new HR leader Bei.
I hope this is not some communist mentality of always causing anxiety among their workers.
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She was actually appointed to oversee the demolition of this enterprise. By the Chairman himself.
@ee European countries like Sweden / Norway claim it works for them. But with a homogeneous population, where people have common goals, this maybe possible.
I know people who have gotten IM for years and still work here, they may get little to no raise but never get fired
@a1 It has been around, but not enforced. Now it is.
@a9 Because there were managers in risk pushing back against this garbage. Managers with morals, ethics and integrity. Those managers were eliminated, so now it’s open season. Enjoy.
"...some communist mentality..."
It's always funny (but not ha-ha funny) to see capitalism's victims still reflexively blaming communism for their woes. Propaganda and indoctrination are very effective in Merka.
Director level here. It’s real, but spoken never written. Just tell us to stack rank and be done with it. The covert implementation is cowardly and crushes morale.
Performance doesn’t follow a bell curve. The population is skewed - as you eliminate low performers, the population would skew to the right. What WF does then is just arbitrarily move the goal posts.
If we hire the right people, train them, give them the tools needed to succeed, set SMART goals, and managed appropriately, we should expect very few low performers.
If 20% of my team is truly failing to meet expectations, the problem is likely more me than them.
Just be honest and tell us to stack rank, that’s what this is.
I find her repulsive 🤢 big helper to destroy American middle class!!
@a4 thats 100% true and outdated mindset that little minded mgt leans on for excuses. I earned my MBA in 2013 in OD and it was covered but I knew about it way back in 2000 when Six Sigma rolled out in the org I was at (not WF). The CEO was one of his cronies who was pushing for off-shoring to India to line his pockets inside and outside because he owned ESG. Consequently after I left the company went bankrupted.
I have been a victim of this cr-p since 2022. It started with gaslighting me into being accused out of left field that I did not like my job. It caused me such stress I got shingles then Covid for first time. It culminated to this year being placed on formal CA for the first time in my life. 35 yrs in FS and 19 yrs with WF. Its real!! My team is small and I am the only one my boss inherited. Chew on that. I was told CA never falls off...so I will never get a bonus or merit as long as I work here. Mind you my performance as well as anyones can be rigged by the whims of mgt.
Goldman Sachs fires the bottom 10% every year.
The goals are 5%-15%-40%-15%-5% in order of rating.
It's been that way for about 5 years. Risk wasn't an exception so not sure how you wouldn't know
@OP here.
I am in corporate risk and all my managers (3 levels) insist that DF is mandating this 20% . No other option.
I remember about few years ago, they floated this idea, but never really enforced.
Then about 8 years ago, no mention of it at all.
I am thinking this is all tied to the overall attrition + the 4 days RTO and 8 hour in office.
100%. There will always be opportunities for the best people, while those who grade out inconsistently meets and meets every review hang around forever.
Its only value is in covering up bad management who failed at figuring out how to most effectively deploy their workforce.
What happens in 2-3 years when all of your top performers are left fighting to not fall into that 20%, but some must.
Most companies who did this abandoned it, because its re--rded and only hurts long term health of the company.
Our leaders can't see beyond the tip of their noses though.
It’s not communist. It is pure capitalist. Jack Welch came up with it.
Its been around forever and used by many businesses that would have never allowed employees to collect paychecks while falsifying their times for years on end. Welcome to reality.
I remember when I join WF under the former CEO.
I never hear anything about the calibration
It is possible it was there, but never enforced.
But with this new CEO and HR , they seem to enforce it
Very bad mentality - making teammates hate each other , favorites vs non favorites.
No it has been around for several years.