I saw a post on here earlier and a TM was talking about the serious pay compression between the first several front line roles and front line managers. I noticed that a lot of people were commenting to talk about its truth in their departments too and it was subsequently taken down. I’m also aware of this as being true. I am an area leader in retail SB banking and I was very saddened when the bank went liberal and announced universal basic income. They wanted a news bite for progressives to see that minimum wages were raised but they didn’t care to share at what cost. Now you see on call tellers making the same wage as full time tellers, teller coordinators, universal bankers, relationship bankers, senior bankers, retail team leaders and branch leaders. I have branches that I oversee who have all of these roles making the same hourly wage and the senior sales people are producing millions while tellers don’t even have purple button participation. The bank said they’d take care of this compression years ago but failed to meet that promise because it’s Truist and promises mean nothing. Branch leaders pay is so compressed that if you compare what they’d make with the hours of overtime they work, they essentially have the same hourly rate as the senior sales people and the senior sales bankers have the same pay as tellers and universal bankers. I have retained each year’s job grades for over a decade and before the company went woke, there used to be a substantial wage difference to proportionally pay each level of responsibility more. Instead tellers and universal bankers received double the pay and all of the other roles above them became compressed. It’s a shame especially because executives continue to rake in on the backs of these front line people. I was told that the company fears these people will realize the unfair pay practices and petition for a union vote, especially because of the goals to incentive plan pay. They don’t even receive decent merit raises let alone a COLA. They bust their tales under universal basic income where all of these roles make the same wage with extremely different levels of responsibility. Truist cares, and they make it clear what they care about.
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I had the ability to take early retirement from this POS bank. It is quite literally the worst place I've ever worked. I've been in the work force for 40 years, and with the bank for 20. I would shovel s--t before I would come back here.
You have won the award for “ultimate clown take” on this site. Congratulations Nancy. Would you like some cheese with your whine?
I hope Neil Young will remember a southern man don’t need him around anyhow.
This story is bogus BS. Same person throws up a “VOTE UNION!” at least once a month.
A couple years ago I was at a small rural branch that didn’t have wifi. Thought it was odd and had to use a direct connect Ethernet at their branch to do anything. Thought maybe that was just a fluke thing.
Yesterday an RM told me many of the branches don’t have their own wifi and he knows of one where the employees all ‘borrow’ the McDonalds wifi across the street…..
Truist is so d-mb and branches are lower than low on the priority list. So unbelievably sloppy.
@kbm+1uPcVfr5 Might be better off not being anything but a teller. I was a part time teller and when I moved to senior sales banker, I found out the pay range was the same. I explained to the bank why I thought by closing 3mm in loans I should have a higher wage than when I processed transactions and they said it’s all the same. I asked to go backwards to be a teller again. Yes I could have taken management too but it’s same pay also, it makes no sense why they pay everything the same but to your point it’s not just management it’s everything at front line managers and below paying pretty much the same. Gladly I left, best decision I’ve made.
Truist leadership doesn’t care about the branches. That has been apparent to me since coming here three years ago.
It’s not right but it is how it is.
And trying to break down “why” or make a “counter point” is sadly wasted breath at this point and not even worth it. Actions speak louder than words and branches get b**ch slapped at every turn here. They’re basically flying blind. I wouldn’t put up with being in retail here.
Compression is pretty serious one might be better not being a manger