What is everyone’s expectations on merit increases in the new fiscal? Mine, next to nothing.
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Back to the OP. It will be the same as every year. There's a budget and the manager decides. Normally equating to approx. 3%.
@dy
Totally understand. RSU's with vesting create "buy-in" for upper mgt to go along with all the decisions made from above. Stock purchase program is for employees wanting to invest in where they work with the incentive being a 5% share discount which is spun as a "benefit". How is a 5% discount now seen as a benefit when leadership is mostly responsible for 50% drop share prices.
@bp Reserve Stock Units are different than stock purchases. What happens with RSUs is that the shares are simply awarded. You don't pay for them you just pay the tax on them. We've allocated these to people that have come in through acquisitions over the last several years. Usually it's a vesting schedule of 24 to 36 months with awards vesting every 12 months. In the summer of 2022 it got changed so these were only provided to directors and above, no big shock there since the greed of our leadership teams is palpable.
Cross your fingers that cuts to comp won't happen.
Stock purchase program is a joke since the discount you get will be wiped out as the stock continues to drop.
@av Just remember .. YOU Make A Difference. 😂
Leahy still riding this one out since the EC is apparently ok with how this is all going. 👏🏻
Merit? What planet are you on?
The stock fell to $124 today. The total market cap is down to $16 Billion versus being $22 Billion a year ago. As a company we su-k and have no money for raises, unless of course you are part of the Executive Team , or even if you are a Director or above we'll give you Reserve Stick Units. It's just everybody else that we will ignore, except to tell teams to work harder because we're "All Weather". But you can share in our success. We'll send out teams selfies from our awesome sponsor seats at the Olympics this year.
nothing