Does anyone know if there is a real difference between the bank’s PBP and AIP? For grades 14+ is LTI automatic?
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9 and below, neither. I don't know what, if anything, they get.
PBP for 10 to 13.
AIP for 14+.
LTI for 14+.
I am in RCM. I do wonder if some or all of the revenue business likes like CBB is not on AIP or PBP and instead on some incentive plan. Do risk people for example in CBB get PBP /AIP or do they get some incentive based on how CBB did?
You can go on my hr and look up the LTI and API pay of by grade ranges.
@cj+1jhs6e8r2. I was. It's on my employee agreement when I took my promotion.
@cg+1jhs6e8r2 LTI is not mandatory at any grade so check with your manager or HR and see if you were even considered for an LTI. Essentially it is a long term incentive to stick around. Given the state of things personally I would prefer it in the order of bonus (immediate), merit/raise (over the year), LTI (one to four years).
LTI must be granted by your leader at Paygrade 14 and up. If they do not grant you LTI then it's almost impossible to get that fixed. I had an inept leader not grant mine for a year and it's still unresolved from 2022.
AIP is substantially higher. LTI is allotted by your manager and reviewed up the ladder like bonus/merit. It’s not guaranteed.