Was told it would open yesterday (which was questionable since it was a holiday), wasn’t there. Checked again today and still not there.
Just a terrible way this company is handling everything.
So there is no update on comp.
19 replies (most recent on top)
An interstate McDonald’s offers better pay, benefits, and bonuses for its assistant managers than 95%+ of Optum payroll make. Let that sink in.
Do we know when RRP is paid out this year?
@b5 you can compare percentages and the inequity of increase based solely on national origin
Does it matter? Many people will be paid off before they get their compensation. Imagine working on your goals all year to get RIF'd a week before payout.
@b4 1% of US based salary vs 5% of offshore (India) salary. You can't directly compare the merit percent
US got 1% merit with .2% holdback. India got 5% merit. This tells you all you need to know about priority. When I asked about the difference I was told they are having retention issues with India staff. ……
So rrp is 72% this year?
@av Its likely that anyone with a 3 isn't getting a raise.
@ab some managers also have to hold back 5 percent in their pool. So they can’t even spend it all
It is absolutely awful again. Many will not get a raise. Feel for those who really are getting crushed by inflation. You have to leave. But the job market is awful. Terrible environment.
Is there a grade level cap for the merit increase?
It was 75% last year for RRP. So down to 72% This time.
401k cut and 1% merit net to zero.
So small decrease to bonus for most, no raise...so another year of not even coming close to keeping up with inflation and no raise for contributions or getting better at your job.
@ab pressure last year was 75% and the year prior was like 50% or 55%
I am new this year but it is such a clown company. You have to do Intranet searches on your own to find this, as managers or the company refuse to just send an email? Every other company has published the STI and if applicable LTI via mass email even if you get your specific numbers by your manager later.
@a8 not the person who posted it, but 1% is funding for merit increases (aka raises) and 72% is funding for RRP this year.
What this means:
- For each person on a team, a budget pool of 1% of all total eligible salaries is given to a manager to spread as merit/salary increases among the team.
- Similar to the merit funding pool a manager gets, there is a RRP funding pool. 72% RRP funding means if you have a target RRP rate of 10% of base salary (GL28), you can multiple that by 0.72 to get your potential bonus this year. Keep in mind, your manager would have to give you 100% of your RRP funding portion to get this amount, so anyone with a 3 rating definitely won't be near that.
Note: this is for US
Pretty sure that's more RRP funding than last year, can anyone confirm?
@a7 what’s this mean?
@OP it’s open now, 1% and 72%
It’s doesn’t open until 12 today and it’s staggered. So may take a little longer for some to open.
Oh God. Stop it