There was a slido question at Anand town hall about the forced bell curve. Sara's answer was to have collegial review and u can grab 1 and 2 ratings from less deserving staff reporting to ur peers. Imagine u had 5 mouths to feed and 1 plate of food. And ur neighbors are in the same predicament. That'd be like telling u to find out which of ur neighbors is not hungry and u can take their food. Rob Peter to pay Paul but the company won't help u.
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Post ID: @foag+1vQx3lmQ Sche!ssebank strikes again!
With its Low Salaries, bonuses and absurd penurious "benefits" it's No wonder $hittybank can only attract and retain Low Caliber employees compared to its Competitors. This keeps $hittybank stuck in the Low Tier of Banks with its Peers: BNY Mellon, Deutsche Bank, Capital One, State Street Bank, Keybank Corp, HSBC, Citizens Bank. LMFAO!
Post ID: @ffja+1vQx3lmQ At least Citi HR admits Citi has absurd, miserly, destitute and insulting !nd!an G!ver Bull$HIT "benefits".
Employees/Svckers need to wait another 15 years to actually get the extra vacation week.
This is assuming the Employees have Not already Quit, gotten Laidoff or Fired from Citi during those 15 Fvcken years.
Citi is probably hoping for this to happen so that Citi does Not need to give the extra vacation week because vacation days a a form of Salary, just in a different format, Not as Cash.
Vacation days get paid out to employees when they Quit, get Laidoff or Fired.
@dkid+1vQx3lmQ at least get it right with your ranting: you do not get an additional week at 10 years. It is TWENTY and you are correct it is a one time thing for that year only until I think 25 years when it is codified in your allowance.
Hence, the vicious endless cycle of $hittybank remaining in the Low Tier/Caliber of Banks. When Employees do the bare minimum work, have Low Morale, keep their knowledge, skills, solutions and information to themselves because they will NOT get rewarded for them anyway, this keeps $hittybank in the Low Tier.
These are the results of Forced BellCurves and Forced Lower Ratings of High Performing 1s and 2s Employees into 3s and 4s just so $hittybank pays Lower Salaries and Bonuses because $hittybank is Penurious, a Dysfunctional JOKE
of Wall Street Clown Car 🤡 and NOT profitable ! LMFAO !
Post ID: @dkid+1vQx3lmQ Citi also has those absurd Potluck lunches where employees/Svckers volunteer to bring in enough food for the whole department.
BNY Mellon literally tells employees that if they want to attend a lunch, dinner, even pizza parties and Holiday parties, employees are expected to subsidize and pay for the event. So employees are basically paying for their own lunches/dinners.
Sometimes there's a set dollar amount such as $20 from each person attending, or the payment is tiered: $20 from AVPs and below, $30 from VPs, $40 from SVP, $50 from Directors, and $60 from MDs, etc.., Ridiculous! BNY Mellon is another low tier, destitute bottom of the barrel bank just like Citi.
This $HIT Show does NOT happen in Goldman, JPMC, Morgan Stanley, Barclays and BofA. You know, the profitable banks that actually sell products and services Customers buy and have 21st Century technology, unlike $hittybank.
My friends and relatives whom I envy cause they work in these reputable companies tell me that IF their Employers pulled those $HIT Show insulting "benefits" and parties/events, NO one, NO employees will attend because everyone knows how disgustingly wealthy and profitable the Companies are !
https://www.yahoo.com/lifestyle/43-wildly-insulting-benefits-employers-222102659.html
$hittybank will soon resort to doing the above if it hasn't already. $hittybank already has a policy where on the employees' 10 year anniversary, employees are "given" one extra vacation week.
Then the next year, on the 11th year, $hittybank becomes an !nd!an Giver and takes it back!!! What the FVCK kind of benefit is that???!!! What's next, dropped medical coverage after a certain number of years or illness???!!!
$hittybank does it again! The Freak $how Circus Laughing Stock of Wall Street ! LMFAO!
Post ID: @3qhu+1vQx3lmQ Correct and True. Unless you're in a Revenue-generating department or are a Model Developer, you're competing for and fighting over Bread Crumbs, Dog Food or Peanuts!
Make No mistake, your Co-workers are your competitors because everyone is your competition (including neighbors, relatives, friends, enemies, etc.) contrary to what Employers want its Employees to believe. If you're in a strong team, competition is stiff and everyone will be surreptitiously trying to out-do or backst@b each other (e.g. sabotage, hinder, delay or damage your work) which is a lose-lose scenario for the Employer because your work is their work.
We're all supposed to be "Teams" and collaborative "Teammates". These are BullSh!t Corporate Lies.
How can everyone in your team be a 1/1? Use a little logic.
The bell curve is there to help guide managers and set expectations. You cannot have a full team of 1/1, there are always people stronger than others. If you are in a strong team, its going to much harder to get a 1/1.
The purpose of it is to drive excellence and create competition between colleagues to drive performance.
I'm not saying its the best way, but its the corporate way.
Nothing new , just the usual Citi hypocrisy as always.
Most of these townhalls don’t add any value to the employees. They run like ad campaigns and they are there just for the MDs to check off a box.
ENGLISH.
Learn it.
Live it.
Love it.
Wait I missed the meeting. Did she say that there isn't a forced bell curve? That's insane.
I looked at the list of MD's in my division. Not a single one of them deserved it. All just paper pushers and "yes men".
I completely agree. Her claim that the bell curve wasn’t applied is incorrect, as we had to implement it for over 100 staff members. The same goes for promotions — our MD explicitly told us that the numbers were significantly reduced. The announcement of 344 MD promotions, along with the offer to learn more about them, feels entirely out of touch. Nobody cares. Not a single person.
Throughout the year, the leadership team has been largely absent, and now we’re suddenly inundated with End-of-Year Townhalls happening almost daily. Their excessive enthusiasm comes across as cringeworthy, especially when most of the audience is watching with a sense of deep cynicism.