RJ Seems Oblivious to its Salary Problem

Those who make the real decisions at RJ know what everyone else does: RJ has a salary problem.

Paying people in beaches and sunshine doesn't fly when competitors no longer care where you work.

There are over 600 positions waiting to be filled. Why? Because RJ is underpaying by tens of thousands of dollars for any given role.

As a Manger, I am looking elsewhere. Not because I am unhappy or that the culture is "toxic", but because I cannot deliver what is expected when I can't afford to hire anyone with the required skills.

From what I hear, the are "looking at it", and to their credit the Asst. Div. Directors got a wide sweeping set of promotions.

Will that ever translate to us back office schmucks who Paul has already shown he cares nothing about? Doubtful.

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Raymond James is not oblivious to its salary problem. They keep salaries low to help with the balance sheet. Being a public company, Raymond James does not answer to the employees. It answers to the shareholders and then the high level executives that profit from the increase in earnings with stock options and bonuses.

Raymond James does not care about the everyday worker. The people in charge are manipulating earnings and profits to their benefit. Get out while you can because the evil empire will eventually fall. The people at the top will be rich when it all unfolds while the everyday employee will be holding the bag of cr-p.

Raymond James sucks, but the best thing you can do is take ownership of your own situation instead of leaving up to other people. I don't feel sorry for people who sit there eeking out a miserable existence and complaining when there are literally hundreds of other companies you can go to work for, who will pay you properly, with much better benefits as well. Get on indeed and apply to jobs every day until it works out. The only thing standing in your way is YOU!

Does Paul, Vin or Bella even care about these entry level positions making $30-$40,000 a year? Wonder if any of them think about what this inflation is doing to these workers. Paul just announced $500 million investment in IT. How about taking some of that and giving anyone making less that $100,000 a $1,000 bonus. Might even build some loyalty.

This, 100%. But I can say with first hand experience, we have no say.

Paul and Shoukry own that decision and do so with an iron fist. There is no appetite for increases, as it will reflect poorly in quarterly reportings.

Thread regarding Raymond James Financial Inc. layoffs

RJ Seems Oblivious to its Salary Problem

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