given we have lifted the asset cap and are extremely profitable, one would think this years comp would be one of the best in a while, but from what I hear it's going to be one of the worst. Guess they need more money for severance and stock buy backs.
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Ask yourself, what will drive the most voluntary attrition? Ok, now you know what HY will do.
The comp committee thinks a chimpanzee (trained or otherwise) can do your job.
They may be right.
You’re right one would think that.
One out of tens of thousands.
I've also heard that raises are going to be trash this year and that they're now prefilled according to performance rating (3% for meets). Can anyone confirm this?
bonus and merit pools are based on who is employed as of Sept 30
But guess whose bonus will be in the millions?!?!
Director here, this will vary by LoB. However, I'm in a "cost center" LoB and even we're flat YoY for bonus pool and ~3% allocated for raises.
I can’t wait for my 2% raise
Can confirm this is accurate. Everyone is getting sc--wed.