Reducing our paycheck amounts in 2026 with this 27 week pay period non-sense, increasing our out-of-pocket health care expenses and still pushing us to buy EH stock because nobody else wants it??? Seriously Executives, stick your head out of your million and billion dollar bubbles and see how everyone else is trying to survive with the low merit increases and next to nothing AIPs now. Buy EH stock with what??? We don't have anything left at the end of the month after we pay our bills thanks to the C suite pocketing all of the company profits.
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@fp Yes, I've been dealing with paycuts for several years now. Between the insultingly low merit increases (last year was about 20 cents an hour), reduced AIP, and benefits and cost of living increases mean I'm now earning less than I was six or seven years ago. I love performance management season, when I'm consistently told how wonderful I am just before my manager in embarrassment tells me my reward for that, and I know that manager just experienced the same thing with theirs.
2026 promises to be even bleaker.
I wouldn't mind so much if I thought this austerity was making its way to the top, but it's not. Oh, I'm so sorry VPs and others got 40-75% of their 45% AIP this year, while the rest of us got 20-40% of our 5-10% and have already been told next year will be even worse. Meanwhile SLT bonuses are solid and increasing, and they fly around in a private jet paid for on the backs of our members and us. It's so great.
@wz Don't forget that the extra pay period also results in an extra deduction for benefits.
They're laughing all the way to their next bonus about this stroke of genius. I can only imagine the back clapping that occurred in Indy when someone thought of this.
Let's not forget the losses of 401k contribution and match amounts if you don't make it all the way through 2026. The smaller the paycheck, the smaller the amount going into your 401k account.
@ka The first of the 27 paychecks in 2026 IS FOR WORK PERFORMED ENTIRELY IN 2025.
Why are we getting a prorated share of 2025 salary, just because the date on the check is in 2026?
(Hint: it's so that they can squeeze an extra 3.7% out of every associate that they RIF, or who quits, in 2026.)
@ka
But their aren’t more weeks in the year… they’re creating 27 pay periods by moving payday to a Thursday. If they left it on the Friday you’d be paid the same the entire year.
Of all the things to be upset about (and there are many), I don't understand being upset about the 27 checks thing. People on salary sign a contract for a dollar amount per year. If there are more weeks in a year, naturally, that amount gets split up smaller. You can be miffed, but that's what a salary is at pretty much every company- an annual agreement, not a weekly or biweekly one.
In my >20 years at Anthem/WellPoint/Anthem/Elevance…. They’ve never done this before….reduced our pay to accommodate a 27th pay date. I believe they moved the payday to the holiday pay period vs the day before the holiday creating the issue.
They’re getting 2 free weeks of work out of the salary staff by not leaving the payday on 1/1/27.
Based off all the election results last night, I think it’s time for our leadership to stop sc--wing their employees. The people who make them their billions. People are getting tired of catering to these billionaires. Treat your workers good. Before you get voted out of an industry. People are TIRED!
@ex yep does seem like a way to mask premium increase.
@fp You are doing your math completely wrong then.....lol
@OP how is splitting paychecks into 27 make for less take home pay. Sorry if I should know.
Ran the numbers after open enrollment I will be taking a significant paycheck cut in 2026. So very sad seeing as we have not be getting increases that match cost of living demands.
Ya with that 27 pay thing and the increased premium you can expect a much smaller 2 week paycheck starting in Jan
I think no one is realizing the paycheck being split into 27 & the medical insurance increase .
@ab unless you're a active day trader or swing trader maybe, why would you base a stock purchase for a company like ELV solely on what it did over the course of just the previous month LOL?! Thanks for always giving me a good chuckle, layoff.com
Don't forget the constant requests to join PAC.
Its an optional benefit...you dont have to buy it. All health care stock has taken a dump the last year so it could be a good buy if you want a long play?? The only complaint I have is its only a 10% reduced price where it used to be 15%.
I used to invest in this company, however I stopped doing ESPP!
Unfortunately, they make you hold the stock for at least a year before you can cash out.
Look at the stock trend over the last month - no thanks. If they believe in it so much, they can buy more.