We could have record earnings, and there will still be layoffs. If earnings fall short of expectations, there will be cuts. If there's any chance to offshore more to make the numbers look better, they will offload our jobs. The fact that we’re overworked, stressed, and constantly under the threat of being axed is of no concern to them. How long can this business model last before it all collapses in on itself?
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Your payrise being "pathetic" despite getting a 4 means you are at the top of your band and there's simply no available space for your salary to increase.
On a Band 4 you will however still be getting a sizeable difference in your bonus over a 3.
If you're maxed out in terms of your salary band, well it's up to you to have a discussion about moving to the next Band via promotion or interview or else be content with a salary that will have limited potential to grow.
I have gotten a 2 for the past two cycles and haven’t gotten fired. I recommend coasting even more
Uh yep.
What do we hear all year every year? How Allstate is just burying the competition, our latest transformation is putting us ahead of everybody else and we're by golly making money like we're printing it ourselves. We are the undisputed king of the insurance business.
But a funny thing happens on the way up from #4: Somehow the emperor doesn't have any clothes and we gotta reimagine the company somehow. So we'll get rid of a bunch of (mostly onshore) employees or hike up premiums or both. The next in a seemingly endless parade of self important turds will convince the big boys that we need to change our way of delivering technology but unfortunately that'll mean getting rid of some roles. Or replacing them with outsourced 'talent' from some 3rd world toilet. Remember the blood bath of 2023 when we cut a whole bunch of really good, qualified people just to get down to a number? Remember how we were told we'd 'flattened the organization' and were 'poised for growth'? How'd that work out? No more cuts or layoffs since then, right? RIGHT?
Middle management cares about: Maintaining their little patches of turf so they can continue to lie to senior management and collect bonus checks. Senior management cares about: Remaining wholly ignorant of day to day reality as long as they get THEIR bonus checks. The rest of us are pawns on the chess board. That reality should influence your day to day behavior toward work as well as your networking and personal/professional development. Allstate doesn't care about you.
Totally agreed; there are leaders who will show you everything is perfect but will surprise you with layoffs.
The kicker for me this year was, got a End of Year score of 4, but the payraise was pathetic (unlike previous years). Wish I'd just coasted, took my 3 and moved into 2025 more relaxed and less stressed. This despite Allstate having a 'great year'.