It sounds like A LOT of IM & NI are being given out this year and from what I'm hearing, not for any real reason. But how is this going to look to the regulators, when the majority of team members have sh---y ratings? Maybe it's not an issue? I'm genuinely curious. If I was a regulator looking at risk or compliance and half the team has sh---y ratings, you'd think that make the "firm" look bad? Maybe not, just curious.
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First IM ever, my mid-year was meets. My boss claims she coached me, but that is a lie. I just did my first weekly check-in. Was told that it is not a good sign-by someone who has had to do layoffs. Been with the bank 20+ years and in CA. I guess I was targeted. I am older than most on my team, over 50.
Under this admin regulators are absent
But under prior regulatory scrutiny, WFC HR was found to be...lax. They werent really giving enough IM and NR. Remember that time so many people had to be fired for opening fake accounts?
Overall HR targets target about 15% IM and NR. Very common at large companies. At then the bottom 15% are let go.
The issue becomes: Are they making up a reason or targeting you because of some illegal reason like age. Since its so hush hush from the top, illegal discrimination is almost impossible to prove. tbf I haven't seen any evidence of it.
At the end of the day... employment is at will.
"A lot" might be 5-20% vs. previously almost nothing - nowhere near majority. that isn't of concern to regulators
In fact, one of the findings when the regulators were all up in WF's business was that there wasn't rigorous evaluation and management of human capital. having a performance management system of "rank and yank" is actually looked at favorably in that light.
@d1 it’s in teamworks. Anyone can read it.
Does anyone actively working at WF have access to the performance policy that they can sum up here what in the policy is considered IM?
Unless you get two in a row, it likely isn't a problem. The policy documents say in black and white that it's a clean slate at the end of the calendar year.
not major, 10%-15% get below meet.
You serious Clark?
they don't look that need. they just compare numbers from one to the next. Besides WF is located in several at will states and can let you go for any reason
You are thinking way too deep to think anyone outside a company cares about individual performance reviews.