So. I received a "Needs Improvement" rating- after we lost employees and I had to start doing the job of multiple people. I met all of my goals and then some. So demotivating! What does this even mean? Will I get a PIP? No bonus or Merit Increase?
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Did you get NI just because of RTO? I’ve seen that being the instance and they still are eligible for a bonus. If it’s not RTO base, then I can’t speak on it. Sorry to hear it though!
"So, you had to get a Needs so that someone else on the team can get an Exceeds. That’s how it now works…reviews are on a bell curve now at usb. There was an inflation on Exceeds that was costing the bank too much $ in merit in prior years. Thank McKinsey."
@1laz+1w5LcpfS stop spreading BS. It is NOT how that works at all. NI ratings require approvals from two managers above your direct manager. It is less work for a manager to give meaningful and move on.
"Start applying for a new job now. By the time you get one that you like bonuses will be close to being paid out. You can either wait for the bonus or use it as leverage for a sign on bonus for your new job. Good luck!"
Yes, because someone who received a NI rating can magically get a sign-on bonus elsewhere in this economy ... another BS suggestion.
I have always seen Meaningful performance never have i seen needs improvement. But in my department there is no room for advancement for our line of business work unless someone upper literally quits or laid off.
You did not get a needs improvement because someone else got exceptional. I’ve been in mgmt for a decade, that’s not at all how it works.
In my BL you would not be eligible for merit or bonus.
If your rating is needs improvement you do not get a bonus or a raise.
So, you had to get a Needs so that someone else on the team can get an Exceeds. That’s how it now works…reviews are on a bell curve now at usb. There was an inflation on Exceeds that was costing the bank too much $ in merit in prior years. Thank McKinsey.
Start applying for a new job now. By the time you get one that you like bonuses will be close to being paid out. You can either wait for the bonus or use it as leverage for a sign on bonus for your new job. Good luck!
And let’s not forget- taking some of my vacation time and “being sick” before that one week notice!
When you leave for your new position. A one week notice is plenty. All transition of work will happen in your last hour. Enjoy your increase in pay and job satisfaction. No one ever comes back or claims this was the best company they ever worked for.
Oh I DON’T want to work here anymore- spent today updating my resume and will start applying. Just curious what’s coming down the pike in the meantime. Wondering if I should wait for a bonus payout etc. I’m DONE with this bank
Not necessarily leading to a PIP but why would you still want to work there? Time to refresh that resume and start interviewing.
"What happens when someone gets needs improvement?"
Your manager has told you in their strongest voice possible, that they no longer want you on their team. Your manager will have a 2025 goal of getting rid of you. If your team has a future RIF, your name is already on the list. All other managers in your department are aware of your rating and this is now your reputation in your area. The bank will do their best to terminate you without a package.
If you are not working on your resume today, that is a mistake.
What happens when someone gets needs improvement? Doe they get a PIP?
@azp+1w5LcpfS I think in the short term it’s collecting the bonus and THEN looking for something better in the next year or two since the market su-ks. Right now many feel disappointed, stuck and waking up to the fact that there is no growth here.
Why stay at US Bank when it’s clear that you and nearly everyone else is overworked and underpaid? The performance reviews are a joke anyway. The difference between meaningful and extraordinary performance is maybe 1-2% for merit. Change jobs/companies and you will be better off.
"We actually compared reviews, and they are duplicates."
I once worked for a manager who gave 15 people on the team the exact same generic review. He was promoted to a senior position. His employees hated him and he never cared one bit. His only care was his promotion.
My co worker and I each dropped down to “Meaningful Performance” this year. Our team consists of two people, lol.
We were put under a new division manager in Jan of 2024 and were told during our reviews all the “extra” work we did this year is not considered above and beyond in their eyes.
We actually compared reviews, and they are duplicates.
Place su-ks now.
I’m so sorry! I don’t have an answer on the PIP but the company is def showing you that it doesn’t value what you did enough (work of multiple people)
If they don’t recognize that then it’s on them. Depending on your situation it might be worth to explore your market value else where and “act your wage”.
These reviews are so freaking subjective. The organization at large is truly so dysfunctional