Thread regarding Bank of New York Mellon Corp. layoffs

Internal hiring policy change - no title or pay increase until the following year?

This is regarding the new People Team internal hiring policy: So if you apply to and get accepted into a new role that comes with a title change and salary increase, it doesn’t take effect until the FOLLOWING YEAR!! What is the logic here? We’ll just keep doing a harder job with more responsibility for the same pay?

The people who are internally marketable are also externally marketable. So much for retaining our high performers!


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| 16501 views | | 7 replies (last November 26) | Reply
Post ID: @OP+1kaxvh8bd

7 replies (most recent on top)

Exactly the same in the UK. I did the job for a year with great feedback, but then was told I couldn’t be promoted because the quota was too limited. What a waste of my time and effort.

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Post ID: @dm+1kaxvh8bd

They don't want high performers. They want AI and Ai.

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Post ID: @bm+1kaxvh8bd

Bring this up at the global brown stain hall on December 11. I’d love to hear EP and Dermietard explain the logic. But of course,
Unless its an easy lob ball or some ‘Animal Farm’ bleating question, they will never let it see the light of day.
What an atrocious, horrible, awful, fetid place to work.

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Post ID: @bb+1kaxvh8bd

@b0
https://www.thelayoff.com/post/@OP+1k9t8vgr4

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Post ID: @b2+1kaxvh8bd

Where did you see this?

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Post ID: @b0+1kaxvh8bd

They’re stifling employees, ensuring they can’t attract or retain talent. The goal seems clear: shrink the U.S. workforce so severance costs vanish.

You take on harder work with bigger responsibilities, but the title and pay are held hostage until year-end and even then it goes before a committee to vote on whether you deserve the new rank and salary. So a committee can deny it. Translation: you could do the job, carry the load, and still be denied the recognition and salary because leadership doesn’t want it hitting their compensation pool.

This isn’t career growth. It’s exploitation dressed up as opportunity.

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Post ID: @ag+1kaxvh8bd

The fact that you're still expecting logic from this place is funny and sad at the same time.

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Post ID: @a6+1kaxvh8bd

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