Second year in a row that GK has prevented mid year adjustments and raises from occurring, rather than paying for performance. This has been a core feature for the 20 years I’ve been with the bank and it is directly leading to an exodus of the best employees who no longer feel valued. What a terrible CEO.
5 replies (most recent on top)
Mid-year reviews likely should NOT happen across the board, makes it pretty hard to budget for the year. Also many likely do not deserve it. I know it's rare at many companies and many of those companies also do not get the large bonuses that U.S. Bank offers 14 and above.
That answer from big E was trash.
Promos happened last year. Not this year though…
@OP it’s happening for talent/ skilled individuals. Probably you are not in that category.
Last year, one of my direct reports got a promotion and good raise 10 percent in July off cycle, and they are NOT grade 17 or above. Another person on a close by team did too but they don't report to me. But I know it happened because the manager said told me they did.