Thread regarding Wells Fargo & Co. layoffs

Does a $0 raise mean the writing is on the wall?

Is this the same as getting IM? And means the axe is about to fall?


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| 1721 views | | 10 replies (last February 10) | Reply
Post ID: @OP+1kgqxdk90

10 replies (most recent on top)

@a7 I agree with this. Someone in your org got your money, maybe it was spread across several people. The question is where do you see yourself in the org? Are you a top performer, or just getting by. It really comes down to the fact that they have a bucket of money, maybe 2-3% of all of the combined salaries to work with. If it’s set to 2%, for example, and you get a 3% raise, someone else got less than 2%. So, if you got 0%, are their stronger individuals in the org?

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Post ID: @109+1kgqxdk90

I got a meets pre Bei and it was strong (mid year exceeds) and still got no raise one year. I was below the midpoint. Point blank my salary was higher than a made up threshold. Bonus was decent tho.

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Post ID: @kh+1kgqxdk90

Also never expect them to be decent human beings / treat us like they would like to be treated and communicate the no raise plan to us in advance.

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Post ID: @ds+1kgqxdk90

The new normal is how I’m going to think of this - never expect a raise again then it’s a pleasant surprise if / when I get one.

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Post ID: @dr+1kgqxdk90

Your manager should have told you why?
And if not you should of asked
Most likely above the midpoint

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Post ID: @dd+1kgqxdk90

If you're in the US the writing has been on the wall for a decade now. This no raise thing is just another symptom.

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Post ID: @d5+1kgqxdk90

I think zero raises are going to be a new normal and another way to get people to quit.

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Post ID: @cz+1kgqxdk90

may be you are highly compensated individual.

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Post ID: @at+1kgqxdk90

At lot of people seemed to get a 0 increase. I was meets and got zero.

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Post ID: @ak+1kgqxdk90

@OP there are at least 2 reasons why you got zero raise. First, that you make more than the median salary for your role or second, that you got less than a “meets”. In the second case you would be more at risk for getting let go, for cause, meaning no severance.

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Post ID: @a7+1kgqxdk90

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