I am jumping over here from usbank (on this site, not actually in person switching jobs), and, yes while USB is much smaller, it is just as bad over there. Going downhill. The comp cycle numbers we are getting are a joke. A really bad year, worst year I have seen besides 2020 covid.
Banks, wow. One could only imagine how well a bank might do if it got an actual leader that people feel safe with, can trust, and inspires. But it's all lead with the stick not the carrot.
Same. Was promised a promotion and was told HR denied it….again even tho I am a highly rated performer, comply, etc. Only difference is my boss still has a job and didn’t give two craps that I’ve been led on with lies. Completely happy I still have a job but sick of no career mobility and know now it’s time to find something else.
2.5% raise, 10% bonus (6% less than target). Boss also got laid off.
@a7 What's your proposal?
If we just write here and not do anything about it nothing is gonna change
I remember starting out years ago in the banking industry and salary increases were above 8% each year. Bonuses 20%. I don't think Citi has breached the 3% raise for about 10 years now. Not sure what Jane's raise calculates out to but the only way to afford her is take salaries away from everyone else. Like literally fire people and pay the rest no more than they already get. Her recent bonus could pay for everyone that has been let go so far and then some. She is the biggest money problem Citi has.
Imagine starting a career out of college and then never earning a raise that is half the inflation rate.
No promised promotion. 2% raise with a 6% bonus. Boss let go yesterday, pretty much told be thankful I have my job still.