Anyone else perform really well the prior year only to get shafted into a lower performance rating? Heard from colleague in one department of being told by leadership the whole organization is getting the same rating number. Guess filling out self review does not matter and might be a cost savings thing.
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My review was purposefully focused on anything negative they could manufacture and all success items were omitted. Looks like there should be plenty of bonus for EC now.
lol yes layoff all of us and let the Execs do what we do.
I would pay my entire retirement to watch SD try and do my job. He or T will fail miserably.
Just fire everyone except the execs and be done with it.
Yep, HR is forcing downrating of employees and low availability of 4s, minimal 5s, to lower the bonus payouts.
This is what happens when they get tired of paying severance. “Artificially deflate” ratings to drive attrition (either firing or quitting)
Literally told I was a 4 but my team is all getting 3's due to HR's mandate. No raises and flat bonus pool too. TIAA is playing loose and fast with the forced attrition game.
get y’all paper right!
Interesting, had my annual review and manager never mentioned a specific rating. WOW….everyone is phoning it in now.
I had my end of year review a week ago. I was told I received a 5 and a 5. Now… how might that translate into comp? No idea. I do expect they’ll not give us an annual raise (they didn’t last year either). I was told it was because I got a raise when I got this role. But I don’t believe that’s accurate. It was six months later. We shall see. Didn’t our CEO get an additional 12MM in bonus this year though?
@c2+1jjnvggj8 - in the words of The Great Destroyer “it’s a T thing” happened
This is so sad. I left TIAA in 2015 through the VR option. While I am thankful for my time there; it was definitely my time to leave. I have heard nothing good about my former employer since. It’s been confirmed over and over that I made the right decision. What happened to this place?
Might be your area. We were told no 5s but the rest is the same. And bonus pool was same as last year. (So if the EC is getting 20% raises (which I don't believe), it's not reducing everyone's YOY bonus).
Just published today on ignites dot com, explaining what is going on. Beagan Wilcox Volz can elaborate. Sign up and be informed.
As usual, goals and performance reviews mean jack. People who should be 4s are 3s and people who should be 5s are usually 3s rarely 4s. If you were not in office enough then you’re a 2 even if you performed 4 level work. Since the rating system was launched I have never met anyone who got a 5.
This year, 4 is the new 5 and 3 is the new 4 so prepare for a lot of 2s or 1s for anyone who is under 3.0 days for 8 weeks when comp decisions are discussed - conveniently includes the end of any summer vacation time that could be factored in. So make sure you are in office 4-5 days a week after Labor Day through October.
Apparently only the execs are allowed to get raises year after year. Do not recognize this company anymore. Firing the loyal 30 year employees to give 20% raises to senior mgmt
Yea. I heard they were instructed to be very strict on keeping everything to a minimum - rating, payout and commentary