What have annual raises been in the past and what are we expecting this year?
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Reality is Truist thinks the average pool of 2.5% is generous, for the last 10 years that has been the case. With inflation being way over that for most of the period working for Truist has made you poorer every year. Couple that with decreasing benefits and worsening coverage and executive compensation packages that are ridiculous considering their poor performance and you can see why workers are disenchanted. Oh and did I mention job security? The exodus of talent has been astounding (both voluntary and involuntary) so it’s no wonder we see a shell of a bank where the once strong institution stood. Mr Rogers Neighborhood has become the slums and we’re his pushers. It did not go unnoticed that we onboarded all the Wells Fargo rejects at the same time. The same “yes” men that got them looking like hammered p-o in the public eye.
The Fusion event probably cost $1M if not more. All the raise money is gone.
Expect 0% then you will be pleased with pitiful 2% you will get
I have gotten a couple merit based increases though I'm not sure this time around due to a new manager to our department who is trying their best to keep their job and impress their superiors with "cost saving measures" since they are at risk due to age and tenure lol
In the 9 years I've been here 2% to 3.5% has been the range I've seen, though I've also argued for several off cycle raises and successfully argued for one market adjustment. The money is there but annual isn't how you get it.
I was hired second half of 2024, no raise. I was told too new.
You get 2% tops with Bill. Money is better spent on share buybacks that benefit him.