Thread regarding Northwestern Mutual layoffs

Merit Increases and Market Adjustments

In "The Weak End" did HR really confirm that anyone under a 90% compa-ratio is underpaid? I also heard New York employees were the only ones that received market pay adjustments.

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| 2591 views | | 13 replies (last February 5, 2024) | Reply
Post ID: @OP+1qCbg3V9

13 replies (most recent on top)

It doesn't have to be taxed so heavily if you add as much as allowed to your retirement plan.

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Post ID: @jmix+1qCbg3V9

It’s getting abysmally deflating getting 1-2% increases and being no where near market average after a decade at NM. We will be losing many people if they don’t step up take home pay soon. AIP does slim to nil when it’s taxed so heavily.

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Post ID: @jcvb+1qCbg3V9

I really want to see what that Slack post was all about

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Post ID: @fdog+1qCbg3V9

Both CW and JS are cowards and the cancellation further proves it. One look at the questions and they both turned and ran.

Meanwhile another one of their diversity hires posts some crazy rant about being terminated on the all company Slack. This is what the once great company has turned into folks.

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Post ID: @fode+1qCbg3V9

It's no surprise that people are in The Weekend sharing concerns about layoffs, workplace morale, and our falling engagement scores (which, BTW, front-line managers are being blamed for) and it suddenly was cancelled for this week. I'm sure the CEO announcement was just a cover for it, in reality I don't think CM and JS are brave enough to face their departments and address the concerns. And CM is probably crying about not being selected as CEO.

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Post ID: @fbgf+1qCbg3V9

Where has tracksuit guy been?

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Post ID: @7nvw+1qCbg3V9

My favorite cast member from The Weak-End is Uncle Fester when he's on. That guy is your typical clueless New Yorker.

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Post ID: @7qro+1qCbg3V9

The 101 Dalmatians lady? That’s a good one. When I hear HR lady, all I see is the SNL skit “Kellywise” portraying Kellyanne Conway. Scary similarities. Google and watch it whenever HR lady has another cameo on The Weekend. She is just as frightening as anything coming out of HR these days.

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Post ID: @2pnf+1qCbg3V9

There are no straight answers because it's a shell and numbers game. To do otherwise would be too upsetting to the audience.

While an increase is nice, 2% pales in comparison to the recent YoY rises in cost of labor (not to mention cost of living). And despite the market adjustment increase, you don't automatically see it reflect in your salary but instead in your salary range. In other words, you won't notice a change unless you're making the absolute minimum for your position.

Most people will still receive a Successful rating, and most of those receiving a Successful rating will receive a raise of 1% or less - if any at all.

Getting to the midpoint and above is a mirage.

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Post ID: @2odf+1qCbg3V9

The HR lady from 101 Dalmatians?

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Post ID: @2dth+1qCbg3V9

it really is amazing how much dancing is done in 'the weekend' when simple direct answers could be given. the hr lady is the absolute worst at it.

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Post ID: @oul+1qCbg3V9

The market rate adjustments were sent out to people leaders last week. Every position got a 2-3% increase with the exception of M track positions which got a 11-13% increase.

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Post ID: @tqf+1qCbg3V9

I don't watch The Weekend anymore because it's the same canned answers over and over again. However, my people leader in Milwaukee messaged us today to tell us market adjustments were made this year and they're visible on Workday. It looks like most positions got a 2% market increase to midpoint, but I overheard a leader telling another that people leaders got at least 12%. My people leader also told us the raise isn't automatic and will be factored into compensation planning next month.

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Post ID: @ige+1qCbg3V9

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