I only received one salary increase for over 10 years at SST. Most of the collogues in my department have the same misery life at STT. With effective inflation going over 10%, SST is holding employee as hostages which I believe is seriously violating the very basic humanity standard. Anyone else are suffering the same?
16 replies (most recent on top)
I used to work in a dept of 15 workers, only to see it slowly reduced to 10 workers, then to 7 workers. And when a person was on vacation you were left with 6 workers struggling to keep up with the work.
I tried to hang on but the pressure of doing a double workload was starting to affect my health. Along with no bonuses , no raises and when I did get one it was maybe 1% to 2%
So after 3 years of doing a double workload I was lucky enough to get laid off. Sadly I know people who just quit because of the stress
I just left the company as they strategically pushed me out. The amount of big brother oversight is disgusting and should be known to the public how dark the the leaders of SST are to save their own as--s. Ruin innocent people’s lives only when they just trying to do their best
I feel sad for all the employees left. You are made to feel you don’t deserve anything (no raises, small bonuses, bare kitchen cabinets with no utensils, etc.) and you’re lucky to have a job. You are one sc--w of many - indistinguishable and replaceable. Middle managers don’t acknowledge you.
Why are you still there then? Plenty of jobs out there.
With the way that SS has been operating, It would be absolutely fair for US based employee to form an union. The major problem is that SS management will fire anyone daring to join the union immediately and replace with more outsource contractors. Hard to see labor department can and willing to do anything.
How can the company give out raises when the are Overpaying for H1B and Contract workers, giving big raises and bonuses to the Senior Mgmt.
There is nothing left to give to the few few remaining U.S born workers working at the
company.
Why SST has always been one of the worst performing firms considering it has saved so much money in slaving employee?
@Post ID: @2omm+1oSfwF29
Remember HR dept works for the company not the workers.
People who go to HR with complaints are given the pleasant talk, but do not realize.
HR will mark the employee as a trouble maker. And when its time for layoffs again
files are trouble makers are viewed , then the worker is let go.
HR only gets involved when a worker has the evidence and decides to go a head with a big lawsuit. But most lawsuits are hush hush that is why you rarely see them in the news.
Top management at State Street Corporation is definitely aware of our thoughts from reading our experiences on this site. HR is turning a blind eye because they are powerless. Also, the company has been flagging/removing honest feedback on other sites and pumping artificial positive feedback to improve their ratings. There's no way they should have 3.3 stars rating. Its more like 1.1 stars rating at best.
We need to get this site on the top of internet search results to warn potential candidates and clients.
The company has been lying in recruiting. It never tell candidates that the company are basically not giving or barely giving any raise once joined the company. It also cheated candidates telling the general bonus is about 10% instead of 0% - 1% in reality. Is such fraud practice in recruiting illegal?
This is not the company I loved so much, the company which gave Great raises and Bonuses to the hard workers.
A company where every high school and college grad dreamed of getting a job at.
In the last 18 years it has become a company of , of outsourcing jobs, brining in H1B workers. The few remaining U.S workers are doing double and triple workloads due to the lack of highly skilled and plentiful U.S workers.
I used to work in a dept of 15 workers, only to see it slowly reduced to 10 workers, then to 7 workers. And when a person was on vacation you were left with 6 workers struggling to keep up with the work.
I wish someone in top management or HR would read this and know how we really follow about this company.
The second post seems from senior manager at SST. While other financial firms have given nice raises to employee due to the high inflation and SST management are well paid , one has to be cold blooded to agree with SST senior manager to deprive employee like parasites. If this guy does come from SST management, then SST management is absolutely shameless.
All your salary increases for the past 10 years went to CEO's bonus. Do you think he will care about your family starving?
I agree in senior management eyes no one gets a raise, we should be thankful that we have our jobs. Even if you get a raise just expect 1% due to all the winds they mention i.e. headwinds, tailwinds or sidewinds, wonder what happens now the sailboat logo is gone.
In senior management eyes, all employees should not get a raise. They are just expandable slaves.