This was the message given by them repeatedly during session calls with mgmt and they are “frustrated” mgmt keeps saying this. Excuse me but you’re either nieve, lying or freaking clueless cause it’s absolutely freakin true
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If ratings were changed by someone other than direct managers then whoever changed them has state why they did so. This comes directly from hr themselves following the mandatory mgmt calls happening all week. Staff has to be told why they for the rating they did. and if they dont provide a reason then its their a-s on the line for it
@a5 I went through a smaller transformation restructuring with smaller firm in 2020. At the end of the day, the HR Head earned total compensation in excess of $6 million, mostly in stock and bonuses. Our helpful People Leader will likely receive at least double this compensation in 2025.
For a bank the size of BNY, this cost cutting and realignment can easily go on for years, but rest assured that before leaving each EC member will break the bank both literally and figuratively and each will walk away with the equivalent of winning the Powerball jackpot.
Maybe this explains the brazen attitudes and insular behavior.
It’s nearly unbelievable to hear these things, yet we all know them to be true. A broken place.
We need to band together as mgrs on this sh-t. Screenshot any emails or teams messages that show these are forced as proof
@aw
LOL…. That’s hilariously pathological lying by that guy…. He’s saying you aren’t physically forced so that makes it all OK… hahahhaa
This place definitely drinks its own koolaid
Was once on a town hall where one of our presidents said no forced rankings but we don't have a bell curve which we have to ensure we match to rest of the company and be fair with placing people along that bell curve.
So no forced rankings because they not forced but leaders be put at bottom of their bell curve if they dont play ball basically.
I left that mess as well, I heard some groups in LA are forcing 50%...yes 50% to be put on a PIP
October 2025
Senior Director- we need to rate approximately 13% for group 4 (partially meets) and 13% for group 5. Group 5 will be terminated without severance in the new year. Group 4 will still be eligible for comp and have a chance to improve.
Me and other managers begin force ranking all of our employees.
Senior Director - it’s still not enough. We are below the required threshold. Who else can we add to these groups?
Me and other managers - there isn’t anyone.
Senior Director - it’s a requirement, non negotiable. Let’s look at everything. If someone was one day late completing a training course, we can put them in these groups. Did anyone not complete the feedback survey at year end? Let’s use that as justification.
Me - it was never communicated that employees had to complete the feedback if they were selected at year end.
Senior Director - doesn’t matter. We need four more people for group 5 and any reason will do. If they don’t attend town halls in person, we can use that.
Me - why are we grasping at straws to force rank people?
Senior Director - looks at me with contempt
Me - realizes that I will now be targeted next year
Other managers - get the hint and offer up four more sacrifices
@a2 Who knew? This is sadly so true. This is how it goes and there is no rationale for this bs behavior. You can't make this SH*t up! I like the pushback responses, but the behavior and end results are indicative of the slimy, toxic culture that exists. Our Gucci wearing People Leader (SH) remains silent on this despicable process that she continues to lead and enable. Not sure how she sleeps at night without the comfort of her incentive laced comp plan, Luis Vuitton handbag and 3 carat diamond earrings.
November 1st 2024 - 240G
manager- (outlook msg.) I need to see you now in the big glass room
Me - (outlook msg) ok
Manager- I need one does not meets from your team
Me- I dont have one. They are all meets and more
Manager- I have to have one. Think about it and get back to me by Monday.
Me- I really do not have one. Why can’t you push back on this?
Manager- if you and I dont come up with one then we aren’t meeting expectations.
Me- So you want me to invent a reason? To lie?
Manager- No. I just need the person you can live without most easily.
Me - Ok. So you will apply and explain this then?
Manager- yes.
And this is how it goes.
And HR, these arent UFO sightings. They are real slimy hit job events that happen.
And no, we are not imagining, dreaming or making this up.