How can this be justified if the recent financials were "decent"?
One can only hope the rumors are really just rumors circulating around this board. But I am curious what the impacts would be if things don't get transparently addressed.
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Bonus is a joke at TU. Bonus was actually better prior to the new bonus system was implemented.
Not everyone gets 125%, but that is the max for performing. It is discretionary, but managers were able to get more funding this year for bonuses.
It was a different story for merit increases though.
Does everyone get 125% bonus who is rated as performing?
I got a huge merit increase when I was laid off and got a new job for $25k more than I was making at TU.
Managers are being dealt a tough budget. They have little room on the merit side. It was a bad year for the company so it's also understandable, but it still is hard to tell associates that the merits are poor.
I also would like to know if different organizations are using similar standards for raises. Also is HR (they would say yes) fairly rewarding associates based on positions and pay
Good that you received 2.1%. I was handed 1% but I’m not complaining as I said I’m good with that and didn’t ask/negotiate thinking about these tough times. I wonder how Manager would divide it over teams.
Yes, the budget that managers have needs to account for both increases and promotions. If a promotion is given, that money is coming from the same budget so that means that others would receive less.
This year, budget is limited meaning that merits are low.
Bonuses come from a different pool and those appear to be better, although with the company not meeting goals, it's not a good bonus either
i got my direct report promoted and she got 2.1%. that’s the highest for our entire department.
Not following. There were merit increases. You just can't spread evenly and at the same time pay for performance. So some people, including some rated as performing, may have received zero to give more meaningful increases to talent rated leading, etc.