Among layoffs and budget cuts, new hires are receiving salary increases (again!) due to “compensation review”.
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They changed it last year, exceeds get 110% so you have to take away from meets too support your managers “pets”
rate race... dog eat dog
The practice of forcing you to take bonus and/or merit increase downgrade so that another can get a higher bonus on your dime has become the rule-of-thumb push for 2022/2023 on all Tech (ECIO) managers. It doesn't seem to be pervasive across all lines of businesses - which is also another dysfunctionality. There is no consistency. There is no reason to stay on in such situations. You will combat with someone else who is a pet and they will downgrade your hard work just to make way for that pet to get their "exceeds" and >100% bonus.
That happened to me last year already.
They are forcing managers to downgrade people's bonuses to pay for the few who rated "exceeds" because they don't have enough budget to pay for everyone's bonuses without doing that. In other words, you could get a 90% so that your boss's pet can get >100% bonus.