Two people started working in our department in April as replacements for a few who decided to leave this mess on their own, and I'm appalled at how little they know and how little they're trying to learn.
Is this where we are now? Is this the best DST can do in new employees? If it is, then our days truly are numbered.
Even though SSNC bought DST, for now anyways, SSNC is keeping the DST business as DST. It is okay to still refer to us as DST.
It's called stack ranking, famously from Jack Welch at GE. Also famously bad, bad, bad practice. Well it can be effective in the case a company has never had a layoff, nor fired anyone. There will of course be low performers in the org. Stack ranking can work in this case to cut them out. After a few interations you start letting go the perfectly competent people. The this all then plays out is teams hire people to fire, employees become super political and self serving, moral goes into the ditch.
DST, already having negative moral, and a layoff that's thinned out the worst performers (right? right?), will most likely move into the "hire people to fire them" if this is in fact what SS&C is mandating.
Incomptents just copy and ape the successful without understanding or nuance for their situation. Stack ranking is a terrible, ineffective practice. True to form SS&C and DST just muddle along, they really don't have any idea what they're doing. Hence their employees don't either.
Yup, 4 star review with a 2 star raise
SSNC supposedly said there has to be below average employees, so the changed the performance scale. DST management, not knowing how to implement SSNC policy, decided the best way to go forward was to knock down some of their employees ratings (excluding friends of course) and justifying it with bogus claims of under par performance.
So my question is, since mgmnt has their favorites (above average), when the below average leave, will the mgmnt only replace them with below average people. After all, there has to be below average employees according to the new structure.
It’s a shame how I seen some quality employees treated in this last round of “performance reviews”
Hello????? No longer DST!!!!!!
Think of how devastated those new employees are at realizing how much DST truly s---s.
it's not like there is adequate training. Nothing is written down and procedures change day by day. Managers are clueless and make things up as they go along.