1.75% for pay grades 110 and up.
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A “good year” only benefits Billy and his chosen ones. Don’t believe me, go look at the last proxy:
Bill’s AIP is 300% of his base salary, awarded at 95% for total comp of $3.4 Million
Mike AIP is 180% of base salary, awarded at 101.45% for total comp of $1.3 Million.
Beau AIP was 285% of base salary, awarded at 101.45% for total comp of $2.3 Million.
Kristen AIP is 225% of base salary, awarded at 111.53% for total comp of $1.9 Million.
Donta AIP is 215% of base salary, awarded at 111.53% for total comp of $1.8 Million.
Holy smokes. "A good year" is good for who? I just can't. The only way to get anything is through a promotion or leaving.
@4ec “Us” and “Them” mentality is rampant here, especially in bonus computation.
Insane! Especially with morale hitting rock bottom
Leaders get a "flexible % pool" so if you get 1.5% your direct coworker is getting 3%.
If you are liked (thats the catch here) you will get a higher rating and a higher merit increase at the expense of the unliked teammate who probably works just as hard, but gets a pi-s poor rating and 1.5%. The bro club knows how to work the system to favor their cronies. Good luck everyone!!!
Oh fantastic! Inflation’s cruising along at 2.7% for 2025, and we’re being rewarded with a generous 1.75% merit increase. Nothing says “we value you” quite like a mathematically confirmed pay cut.
Really warms the heart to know we’re officially paying for the privilege of staying employed at Truist!
Well this is now confirmed! Truly inspiring for the champion mindset!
@15z When the employees are punished for the executives failure, that is not a meritocracy. Rather, when the executives are fired in such situations it is a meritocracy.
Bet you same Nancy boys constantly whining are the same ones that feel entitled to a 3% raise by default. Try doing work without complaining for one day.
We are a capitalist society that believes in meritocracy. Go move to China
It’s not peanut butter spread, which means two poor saps will get 1% while the other gets 3.5%
Remember inflation mostly impacts your consumer goods and services.
From BR: “you get what you get and you do not pitch a fit or else you will get 6 days in the office”
@bb new here? I had the best year of my career in early Truist, raw numbers, enormous impact, "meets expectations." I've aimed for that since.
That better NOT be true! Some people had their best years!!
@af this is just how capitalism works and its great and shut up.
So...
- Insurance premiums increase
- Insurance lifeforce credits decrease
- 401k cut (a while ago, but still)
- For some, increased cost of commuting
- Raises that dont meet inflation, or even increases mentioned above
- Constantly being told to do more with less, not staffing appropriately, cutting people
Did I miss anything?
We do have 10 BILLION for stock buybacks though. Thanks Dad!
Boomers, missing the irony and the point altogether, reminding all of us that this is just how capitalism works and its great and shut up - in 3, 2, 1...
Have they ever exceeded inflation? Merit always seems like a token amount and then I've argued for off cycle raises every other year to compensate.
sub inflation is crazy