Thread regarding AIG (American Intl Group Inc.) layoffs

The Performance Review Scam is about to begin!

Everyone got the HR email. A couple of takeaways to consider.......

The reviews process is starting in November this year? That's early, very early. So it will take AIG 3 months to figure out if you deserve an sti and how much you should get? This confirms that the rumors of a massive Q1 layoff are more likely . Compiling lists of jobs to be eliminated takes time. Expect a Q1 purge to coincide with Febraury sti payments.

Secondly, new wording is being added. Performance is no longer enough. You have to conform to AIG Purpose and Values. So you can be a superstar performer, but if you don't drink the cool aid sorry about your bonus. This makes the process very subjective. "You did a great job, your performance is great, unfortunately you don't fit AIG's purpose and value so nothing extra for going above and beyond." Maybe next year you will keep your mouth shut.

Management just provided themselves with the ultimate out to play favorites. Typical AIG B/S.

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| 3255 views | | 11 replies (last November 1, 2022) | Reply
Post ID: @OP+1jol2EPd

11 replies (most recent on top)

What does that mean the “entire” workers comp? Previously this year, the majority of workers comp employees were outsourced to Gallagher, or laid off.

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Post ID: @6gft+1jol2EPd

AIG just laid off it’s entire worker’s comp

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Post ID: @6zrz+1jol2EPd

The STI process doesn't make me feel very inclusive. Shouldn't we recognize that Neurodiversity make us all work at a different pace therefore some cannot keep up with others.

If we are to be truly inclusive we must embrace laziness just as much as hard work otherwise we are being divisive and this goes against AIG core purpose and values.

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Post ID: @2zsy+1jol2EPd

PZ already got and above and beyond and is getting a 200% sti in 2023. This will be like 3 years in a row. PZ must work on one he-l of a bell curve.

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Post ID: @2evz+1jol2EPd

Reply to: @bil+1jol2EPd

Yes the whole day meetings for the 1 -5 ratings was nothing more than a sadistic musical chairs exercise.

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Post ID: @1ugn+1jol2EPd

Goals are so vague that fullfillying them or not is just random and based on your manager's good will. During a recent job interview (yes, Im trying to leave badly), I was asked about my goal at the current company and honestly I was a little bit confused there and had to improvise... I thought the goal is keep my mental sanity in Wonderland

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Post ID: @1fqm+1jol2EPd

When was this e mail. Did no go to everyone

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Post ID: @lpr+1jol2EPd

Mmmmmmm.....Koooool Aid!

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Post ID: @iyj+1jol2EPd

Remember the good old days after the 2008 financial collapse when managers would rate their employees during the performance evaluation (based on a curve) from 1 to 5, with the employees placed in the 5 category subject to being fired, the employees in the 4 category placed on HR performance review, and the majority of employees in a bell curve in the 3 category, with little or no chance at getting a raise.

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Post ID: @bil+1jol2EPd

What's worse is that the email that I saw indicated that employees will be forced into buckets again by mandating a certain percentages for each group. Only a very small percentage (5% to 15%) can even hope for above and beyond, for most people fully met is the best you will ever do and it goes downhill from there. Essentially 80% to 95% of employees have no chance to get above and beyond no matter how hard you work. If you don't get above and beyond you have no chance to get extra bonus.

It is a stupid, outdated system that fosters discontent and bias, but that seems to be exactly what AIG is looking for these days, attrition by discontent to avoid severance.

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Post ID: @vyi+1jol2EPd

like always, no transparency, secret backdoor bonuses and promos for those connected. actual performance means very little. most have zero control over their bonus regardless of how hard you work.

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Post ID: @qgk+1jol2EPd

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