0-5%
6-10%
11-15%
16-20%
More than 20%
No bonus expected
Not applicable (e.g., not eligible for bonuses)
0-2%
3-5%
6-8%
9-10%
More than 10%
I'm the top performer on my team year over year, I'm expecting the same raise I always get. 2% if I'm lucky.
same as every year -- Brian & Co take all the winnings, and anyone else is left with scraps and the speech to "be grateful" for what you even got, if anything.
Worked at BOA for +7 years, the only place I got no raise. Anyway, only need to work 1-2 hours a day because of bad management and processes. Waiting for my pink sheet and retire happily with severance package.
Bupkus. Same as every friggin' year.
Why would this year be any different when 200,000+ people are placated by indentured servitude at inflation-eroded pay?
Oh! and Employee Survey will say how happy we all are. (again)
Rinse, wash, repeat.
Honestly take my advice leave !! I did 15 years at this place and leaving was the best decision I ever made. 6 years later I’m making more than double my bank salary get good bonuses and possibilities to move forward. This place stifles everyone. In my last 3 years the entire office pretty much got no pay rises and no bonuses. But as usual expected absolute 24 hour 7 days a week devotion from all employees. Just insulting. Get out while you can.
If you are a B2 or B3 peoples manager, what is your fu--ing opinion about this?
well how about let's put it this way dedicated employees are deeply frustrated by the ongoing pattern of awarding 0% or minimal merit increase, despite their hard work and contributions to the company's success. With attrition holding steady at only around 10% over the next year, leadership appears comfortable maintaining the status quo concluding that low turnover eliminates any urgency or budget allocation for competitive raises or rewards, but this approach is shortsighted and risks eroding morale across the org. Leadership is going to see early signs of disengagement and talented employees are already exploring external opportunities, and productivity is suffering as resentment builds. It will eventually lead to costly rehiring, lost institutional knowledge, and a damaged employer brand that makes attracting top talent exponentially harder.
BAC Execs are doing their best to give 0% or the lowest merit possible, and only lose maybe 10% attrition over the next year. Since people aren't quitting in droves, there is no expense budget to pay for raises etc. So start making other people's lives he-l, so that when they quit, and if more and more people just quit -- maybe there will be a few pennies in the coffer for a merit. Until then - get F@#$KED!!!
I have 0.00% expectations anymore. Last bonus was an insult and the lowest I have ever received in my entire multi-decade career, despite performing perfectly and reaching out to other departments to assist them as well. I no longer do any of that. I won’t even volunteer to hold the door open anymore. You get what you pay for, and not an ounce of effort for anything more.
@hp That's Bank of America's company culture, and it's very unfortunate that senior managers and executives allow this to continue.
NO BONUS for B6... Probably TWO PERCENT raise to float my DOLLAR AND A QUARTER above BOA minimum wage to DOLLAR AND SEVENTY-SEVEN CENTS. 25+ years at BOA. Yeh me!!!!
Just to think that my manager told our group several weeks ago that errors cost the company money. Oops, I will have to make a few errors just like a new hire since I am almost paid as one. I can't wait for my manager tell me to improve my declined performance at my next review. For now, I am quiet quitting to coast to retirement which is going to happen real soon. Sorry newbies, I paid my dues like many others at BOA. I know that I am getting scr*wed as if I am being push out!!!
Quoting @g9+1k7tbmkf5 "fu--ing sh-t place".
It’s very disappointing in our department people are literally taking over another persons whole job in addition to theirs and at year end are getting zero compensation for it. The only people getting raises are those with an exceed and that’s a wry small percentage.
Decent bonuses and pay raises go to the favorites and cronies. BAU at BOA.
@fa reason to call this is fu--ing sh-t place only B0 B1 B2 B3 B4's get the max
@c8 You nailed it.
I'm in my 6th year without a raise. Although they continue to insult me with a 1k bonus every year. A 1k bonus is the equivalent of a participation award. The worst part about year end revues is knowing 6 months in advance that your raise or bonus has already been decided.
I would love to know how some departments manage to get their raises before December maybe January, yet GT&O has to wait until March.
B5 here ours will probably be
Bonus 2k
Pay raise 0
Zero raises for the workers.
management:
"OH, you want a bonus or raise that matches inflation?
GET FU***D!"
Do not expect any change from previous year as allocations are likely already in place