If this is true that TR is already doing or planning to give low performance reviews in order not to have to give Severance packages people must band together and seek legal action and not allow this to happen. The goals set in my section this year are unattainable so it is possible there is a reason for that (or it could be stupid new Directors). If any true exists to this TR cannot get away with it.
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Happy to see that TR's absolute trashing of me as an employee to justify my fractional raise helped increase operating profit nearly 60 percent from '19 to '20. And I guess in late-stage capitalism a 60 percent increase in operating profit sounds the alarm to liquidate more U.S. based jobs and outsource them to far-flung locales.
For context, on page 84
official gov public info https://www.sec.gov/Archives/edgar/data/0001075124/000119312521123597/d167212dex991.htm#tx167137_35
SH - ttl comp $11M+
ME - ttl comp $3M+
DW - ttl comp $3.6+
BP - ttl comp $3.3+
MF - ttl comp $2.8+
JS - ttl comp $13M+
SB - ttl comp $6.1+
Seems outrageous based on the current strategy.
This year's whole rating and performance process was a farce.. There are numerous instances where 'under performing' ratings were given and managers were unable to explain how they arrived at their decision. Similarly, there was usually no prior warning in interim reviews. Many people challenged these and HR just rolled over and agreed, because it was simply a numbers game.
Many innocent people got caught up in this, and the Managers and Exec's who were implicit in this behaviour need to have a long hard look at themselves.
Anyone with an ounce of integrity should be looking to leave this toxic organisation.
I say scrape the sh-t off your shoes and move on…
I want to say count some of your blessings if you got severance. I feel as if with these ratings and the threat of being pip'd that those that are going to be let go later this year there might not even be severance.
Yes. I was on the receiving end of one of those 'partially achieved' ratings. My manager apologized profusely, and explained they were being forced to hand out a number of 'partially achieved' ratings. I was promised that I wouldn't receive one again next review cycle, but now I've been given a severence.
I heard that SH told his LT to reduce severance by managing out the bottom 10% performers.
Someone needs to audit the HR organization. What a joke.
As a former manager at TR, I can tell you at the end of 2020, I was forced to give multiple 'partially achieved' ratings that were not deserved (the goals defined at the beginning of 2020 were achieved). We had to give a certain number as an organization. My understanding is that came from Roth herself, but that is not confirmed.
Not positive if they'll use these partials to feed the layoffs, but it is certainly possible.