It looks like the rumors were true. Employee match on retirement was reduced to 3.5%. That flew right under the radar.
Minimal/no raises or bonuses. Employee match ~50% of what other large companies offer. RTO wasted time and expense for no reason. No major benefits. Even OnePass has become outrageously expensive. From a FORTUNE 3 company. Absolutely disgusted.
The email was from 12/9 and set to expire in 6 days. raises have always topped out at 2% and if you ever get any money will be one off bonus so it does not compound like a merit. been this way for 20 years. raises have never kept up with inflation and the post pandemic inflation of 20% you will never catch up
@bv completely false statement. Fidelity sent NOTHING. You made that all up. An HR letter went to 100% of employees. Just because you didn't read it doesn't mean you didn't get it.
They let Fidelity tell you in the most generic way. Was never addressed by HR in any form. It was a completely coward move by Hemsley
@OP it want a rumor or under the radar. We got an email in advance that told us all of the matching decrease. It su-ks for sure but it wasn't under any radar
Based on what I’ve seen, expect a 1% raise if you were a 4 or 5, and nothing if you were a 3. The higher grade level you are, the less likely you were to get a raise.
@a4 You’re missing far more than that, my friend. Over the course of the past five years, average wage increases have not kept up with inflation. Articles from well-educated economists point to the fact that many workers, not just us at the big U, have lost an average of 20% of our purchasing power.
@a8 yep I k w several people that missed the email. It almost looked like an annual disclosures email from Fidelity about an update to a mutual fund. Shouldn’t that email have come from human capital?
@a9 From someone who has a family member as a director with a work/force in the phillipines. They get their salary except it’s based on 13 months of pay, they get time and a half anytime they go over their shift even if they are salary, they get production bonus , bonus for the year, twice as many holidays and pto hours as Americans , shift differentials etc.
Nothing sneaky..read your emails!
12% of $5000 per year is only $600
@a5 most people in India get between 7.5-12% raises per year. Source: I am a director.
They emailed it out officially in December but the email looked like generic Fidelity announcements rather than something important. Very shady.
And India got a 5% raise.
Yup effectively 1% pay cut combined with little to no raise this year means we are all about 2 years behind compensation wise. A lot of us only got around 1% raises last year, so I am essentially making the same as I was in 2024.
@a2 did miss that email but saw it here. Disappointing. Like a pay cut.
This wasn’t a rumor. There was a company-wide email sent out in early December. Maybe you missed it.
I mean it was an email that was sent to all of us, not a rumor.