Thread regarding Wells Fargo & Co. layoffs

CNBC: Peanut butter raises

More companies are adopting or considering “peanut butter” pay raises, which are across the board increases given equally to all employees rather than tied to performance. While 48 percent of organizations plan to continue performance based raises, 9 percent already use uniform increases, 16 percent plan to implement them this year, and 18 percent are considering the shift.

Companies cite tight compensation budgets, cost cutting pressures, concerns about bias in performance ratings, and administrative simplicity as reasons for the approach. Some also see it as more equitable, ensuring frontline employees are not overlooked.

Experts warn that equal raises can demotivate high performers and create long term retention risks. Although a weaker job market may limit immediate departures, dissatisfied top talent may leave when opportunities improve. During the Great Resignation, low pay was a major factor in record quitting levels.

Employees disappointed with uniform raises are advised to explore other benefits, update job materials, and monitor the market, while carefully weighing any decision to leave.

https://www.cnbc.com/2026/02/22/peanut-butter-pay-raises-could-cost-companies-their-top-performers-according-to-experts-its-such-a-shortsighted-strategy.html


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| 921 views | | 9 replies (last February 25) | Reply
Post ID: @OP+1kj40nca2

9 replies (most recent on top)

@e8 2% raise average started in 2006 and hasn’t gotten much better. But Schart got huge increase.

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Post ID: @k1+1kj40nca2

@bm It is literally what was happening at Wells. Hence the massive rolling shift the past 5 years at review time for a majority of the bank. Blankets 5’s, same bs % across the board to the ghosts, slackers and high performers.

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Post ID: @e8+1kj40nca2

Charlie enjoys fostering a mad max environment between his employees too much to do something like this.

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Post ID: @cv+1kj40nca2

@cm (excluding C-suite, naturally)

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Post ID: @cn+1kj40nca2

@bm true, since WF doesn't give raises to those over certain salary thresholds.

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Post ID: @cm+1kj40nca2

This is the same "we all win" and "give everyone a blue ribbon" 4rth turning mentality. It started in schools.

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Post ID: @c3+1kj40nca2

Will never happen at Wells Fargo.

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Post ID: @bm+1kj40nca2

So even the high-performing financial analysts can get the garbage 1.98% annual raise that everyone else gets.

Wake me up when the peanut butter raise is applied to the CEO and their direct reports, otherwise it's meaningless drivel.

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Post ID: @bd+1kj40nca2

better to get something each year than nothing..

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Post ID: @am+1kj40nca2

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