Submitted my resignation tonight.
I don’t want to compete with you all for jobs this summer when this economy and jobs situation continues to tank.
Seems like they are going to find a reason to not pay severance going forward.
And even if they do pay severance, see above. Economy and jobs is tanking. I’m going to get ahead of this curb.
HR has this concept of compa-ratio, which is your salary divided by HR's desired midpoint. (Note that the desired midpoint is NOT necessarily the average of min and max and varies by role.) This is industry-wide, not unique to USAA. At 100%, you're considered to have "mastery" in that role. HR's ideal path is to hire someone into a role at ~90% of the midpoint and promote them around the time they get to 100%.
For example, if a role has a range of $100,000-$150,000, HR might want to keep everyone in that role around $125,000. If your salary is $130,000, you'd have a compa-ratio of 104%. If someone gets too far above the desired range, they want to start making changes such as moving that person into a role where their salary is closer to the midpoint or cutting into your annual raises to help bring others on the team up.
So if your manager told you that you're at "105% of the range," they were not telling you the whole truth. You may be at 105% of the desired midpoint, but the range goes much higher. And HR can/will go above the "max" for the right person.
BRCA senior-bank. I don't want to put my location, but it is in a high density / high cost area.
My base is $98k.
How the heck are other Seniors in San Antonio make 15% more when I should be getting 22% more just in MSA/geo differential pay. (mean no offense). This just seems messed up.
Leaders need to do better with pay disparity and the company needs to be better about pay transparency.
Senior BRCA in bank. $119,500. Is that above? below? About average? In San Antonio.
Wtf? ER and my AVP just met with me and swore up and down I’m at 105% of my pay. My pay: $136,000 (a lead). The LIES.
Lead BRCA-Bank: $163,000 base
Risk Director here. Pay is fu---d.
My advice: Move latterly every two years. Move to a new company every 5-7 years. This is what’s in common with employees who have higher pay. I swear it’s not favoritism.
Externals intentionally get brought in high. Plus the only opportunities to get a pay bump is mid-year which is rare and up to your EMG OR end of year and capped to a low % OR to move to a lateral role where you can get anywhere between a 8-12% pay bump.
If you have been getting low performance ratings, then getting left behind in pay compounds very quickly. Only advice is to leave company.
I’m done. I’m Bank for 9 years. Lead as well. I’ve never worked so much and hard in my entire life.
$132,726
CRCM. Masters.
Congratulations to those grabbing the bag. Seems messed up that the favorites and new people get rewarded but then the work horses get 1% over the minimum and have our managers swear compensation won’t let them make any adjustments.
Lead BRCA. Hired 2 years ago at $175. Current base pay is $201k
If you’re under $165k, leave. Literally any bank will pay you more.
Don’t want to pour salt in any wounds. I joined in January 2023 as a Lead BRCA in the bank.
Was offered $177,000. Recruiter encouraged I advocate for myself. So I countered back with 10%. Was instantly accepted.
USAA seems like a great place. Only heard about this forum today. The way it operates is a little confusing (not how any other bank I’ve worked at operates).
I’m a Lead as well in Risk with a Masters. My Director swore up and down that with me getting paid $131k I was over the top range. Also why he could only give a 3% merit increase.
Liars. I fu----g hate this place.
Lead BRCA in Bank. EE in 2022 & 2023.
Current base pay is 157k.
Been with USAA for 6 years. Felt insane when I got here and it’s only gotten worse.