This was the first year since the merger that my department had a budget to appreciate the employees in retail banking. The branch leaders in my area were given approximately $2 per person after tax amounts for spending towards their teams breakfast depending on how many teammates they have. We were told to suggest our branch leaders to pay for the rest or buy each teammate one item from the dollar menu that way we don’t go over the after tax amount per person. The bank must clearly know the inflationary climate that we are in, how breakfast is easily $20-25 per person and this is a slap in the face. Additionally while these teammates are eating their one dollar menu item to appreciate them, their printers aren’t working on the teller line or platform across my entire area. Welcome to Truist, we appreciate you 😂. We start with care and then finish with incompetence, corporate greed and corruption.
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I work at another large employer in one of the hub cities of Truist. The project (100-person) I work on just announced that we are being treated to a night out (drinks, dinner, entertainment) as well as a fairly expensive ($75-100) selection of project swag.
Just wanted to say - there is better out there and y’all deserve a company that appreciates you.
But hey we appreciate you, so you can dress for Western Wednesday, and dress as your favorite decade! Ye ha!
Ask Donta to spare some of that bonus he just received for Retail Employee Appreciation day. No one has any spine here or pushes back.
I feel bad as someone who used to work with some Branch Managers and am well aware how horrific Retail is here.
I saw pack of chips on discount at Walmart for $2 the other day. You can try that, hope they are still available.
Congratulations on the appreciation! Happy for you!
U were like all I can buy is 2/3’s of a McMuffin with this prices have gone up since 2019
And they were like how can prices be up our wages are the same….
I agree with you : @cxo+1usgBeO5
I was also told to get a McMuffin and I was told the 2 dollars per person was “just an after tax cap but I don’t have to use it all.”
I went to McDonald’s and noticed that it’s not the same prices anymore; it was 3 dollars and something cents plus tax.
My teammates didn’t even eat them, they looked astonished that this is all the bank is doing for them, meanwhile they have no idea, I had to pay for half of it because the bank is too cheap and doesn’t care about any of us.
They looked in chaos, as webforms were down, Enterprise teller, WPI, new accounts, HUB forms and esignature all down when I arrived back to the branch with their McMuffins.
It was a total embarrassment. These teammates deserve better. Whether that’s another employer or different EL and senior leadership.
I would have refused to cooperate. Why allow this to be okay? By refusing to accept the menial tokens that management gives us tells them that we cannot be bought to make them look/feel better.
So they were like have a McMuffinand they gave u 2 bucks thinking it was still 2019
And here comes Mayo again: How has that managing to an efficiency ratio worked out? Not very well Mike.
In a research note published Tuesday, Mayo wrote that he expects Truist's profitability returns to improve, but that "even higher levels from here are far short of the original merger" targets.
He said that "pressure should remain on management to perform after merger shortfalls," writing that Truist's efficiency ratio will "likely remain far above its pre-merger target of 51%" and noting that the new return on tangible common equity target "seems close to [the] current run-rate" and a "low bar."
Rogers spent some time Tuesday outlining his vision for improved profitability.
A path to stronger returns should come from growth in clients and businesses — including middle-market banking, treasury management and wealth management — as well as a more efficient balance sheet and maintaining cost discipline, he said. The company plans to drive more business by "more fully servicing existing, satisfied clients," he said.
Truist still expects to keep its expenses flat this year after they rose about 7% in 2023. It plans to deploy some of its capital by repurchasing $500 million of common shares in the third and fourth quarters, under an overall repurchase authorization plan of $5 billion through 2026.
"To be clear, we think this is a key differentiating factor for Truist, as we believe that investors in our common stock today have the opportunity to receive a relatively higher capital return from our strong common stock dividend and share repurchase over the next several years, and also continuing to own a franchise in attractive markets poised to deliver growth," Rogers said.