Hello,
I joined the bank in July. On the HR website, it says that “new hires are eligible for a base salary adjustment if hired before September 30.”
At the same time, it seems like I will automatically receive a “Too New to Rate” rating.
Will I still be eligible for a base salary adjustment?
You should quit
Started in July, got full bonus, and raise was only $2k but I was happy to get a raise after only a 6 month year. I think if you start before September or October (forget which one) you are ELIGIBLE for a full bonus payout. Good luck with both.
I came in August when I started, I received a too new to rate. So no pay raise, but a full bonus. It made sense to me because I hadn’t done enough for them to tell the quality of my work at that point.
I would bring it up with your manager ASAP, and politely to make sure they have it in their budget.
If you diligently got through the onboarding process and are thriving in your role, you should be getting a raise. So if the Meets raise is 2.5%, you will get 6/12 or 1.25% raise, a bit higher if you get some exceeds ratings
@dy makes sense thx for the reply
IF you get one, it will be pro-rated to half a year.
I've been here 9 years and have had 2 years with no comp increase while always being exceeds or meets expectations. It depends a lot on your leaders, funds available to your team, who kisses the most behind, etc.
@a2 thanks!
Yes