https://finance.yahoo.com/news/unitedhealth-caps-employee-pay-raises-180024516.html
9 replies (most recent on top)
@dy I feel sorry for you if you’ve been accepting 2% raises for the past 17 years. It definitely has NOT always been this way. And what sad companies were you at that had zero matching?!? Most multi billion $$$ companies have the standard 6 or 7%. That’s why it’s a big deal that the largest healthcare company had to cut back. Maybe it’s “same as it ever was” bc you’ve been accepting the cr-p served on a silver platter.
Working at UHG is like working for a state department of health pay-wise (low salaries here, laughable bonuses compared to much smaller Twin Cities companies, insulting raises), but with horrifyingly bad benefits, terrible PTO (and I am level 29, not a newly hired HS graduate), and zero job security.
You are 100% better off working for your state or local government than here. You probably also have some sort of union in government work if you are currently at UHG below say level 27.
I started a year ago and cannot wait to leave. This company is a glorified public utility parading as Fortune company. In that sense, I gotta respect Hemsley and his generation for pulling off this scam on investors as long as they did.
Just so the executives get their bonus and increase
merit has always maxed out at 2% for the past 17 years way back to the ingenix days. Only way you get money is the bonus so short term liability on the books. same as it ever was. 401k match yes we took a haircut but you could get zero match like at a ton of other companies. match has zero effect on my investment strategy I set a contribution rate and stay the course no matter what. All these emotion driven decisions are what keep you poor. bailed out of the ESOP when they changed the rule with no lookback on buy price for the term. Old rule was like printing money hold for long term captial gains and cash out lock in gains invest somewhere else. It is what it is.
Lol they didn't respond to a Bloomberg request. Yes our company and industry is in distress. If daddy gov takes away the free ride unh is toast.
They may not be privy to the 1% cut to the 401k match AFTER everyone had already signed up for their 2026 benefits.
It should clarify that it is a US cap. India’s raises were much higher.
I mean, I'm pretty sure I didn't get over 2 percent TOTAL over the last three years
Good