If they meant to keep good employees with the change to the 401K plan, I think that plan will backfire. This could even encourage those who were thinking of staying here for a while to leave as soon as possible. Have you started sending... — read more
401k idea set to minimum
Basically, some of us will make it out alive 'working' at bny mellon. While, others will not. I assume that the best approach is to reduce our 401k matching to the minimal. Is it 2% the minimal contribution to our wage/salary is the lowest that we... — read more
Another disappointing year at BNY Mellon
I would say I hope the next one will be better, but this place has made me a jaded pessimist. I only expect the worst these days since that's what I've been getting for years.
You have options
I've been thinking about all of you, and I wanted to send my prayers. I know a lot is going on right now, but it's important to remember that there is life outside of BNYM. A very good one, at that. I just want to throw out there that everyone... — read more
Employee Stock Purchase Plan- Is it worth it?
I am new to the world of finance and could use some guidance from those of you who understand the game much better than I. Is contributing toward's the ESPP worthwhile, and if so- what percentage of your paycheck is good to invest? Any insight is... — read more
Bonus Payouts
Anyone know when numbers are to be announced and paid out?
Pay cuts coming
Remember, any raise less than seven percent is a pay cut.
They drive the best talent out the door
I’ve seen some of the most talented system architects give up out of frustration with BNY politics. Many in senior management are threatened by people they realize have better ideas than they do. It’s hard to imagine more corporate self-defeating... — read more
Where would you go?
If laid off, where would you start your search for a new job? I'm considering leaving the banking sector completely. Everywhere I look, it's the same cr-p, just packaged differently. I'm thinking of trying to join a much smaller bank or just look... — read more
Where did all the money go, Roman?
All those new groups of people who do what, exactly? The senior hires with fat pay packages? The people being paid Silicon Valley start up wages to reduce fax volumes? A crypto platform that nobody wanted or needed, rolled out at the very moment that... — read more
What are your BNYM New Years Resolutions?
My goal is to be displaced with the package and if not I’ll retire. Either way I’m at peace with the upcoming year.
Would you take a 13K per year pay cut just to leave BNY Mellon?
I'm not asking those lucky ones who have it made here, but those who have to deal with the company's toxic culture on daily bases. Those who, like myself, hate their jobs due to an awful manager, unrealistic expectations, and no chance of... — read more
J Grade Salary Bank in Manchester, UK
Hi, does anyone know the salary band for a J Grade (Manager) role in Manchester, UK.
We can all agree major cuts are coming
It will most likely happen next month. What are you doing to prepare in case you are affected? I have tightened the belt in the last few months and plan to continue saving as much as I can. I have also started networking just to feel out the... — read more
Hollow holiday wishes
Anybody else tired of the canned hollow holiday wishes from the executives? They all mention supporting or RTO & other propaganda.
Geo 1 Job Level L Salary Band
Does anyone have it? Also, do salary bands differ for division? I know a very old copy I have shows everything the same except IM.
Those who ranked partial
Anyone have any insight into partial expectations as it compares to below expectations? Are those ranked partial still getting a bonus/raise? I'm wondering the same. I would appreciate it if someone could answer these questions.
Required days in office
What’s the deal if we can’t make it into the office a minimum 2 days a week on certain weeks? I can’t get a consistent response on this… I typically am in the office the mandatory 2 or 3 days a week but on rare occasions I need to hang back and work... — read more
Comp day - when?
Newcomer to BNY here . Anyone knows when is comp announcement and the actual pay day? I ask because I am getting very jittery. Thank you all!
Has anyone else noticed they added partially met expectations to performance reviews?
Also- what’s the hold up on getting our reviews back? I’ve heard they’ve been pushed to January now.
US bank holidays to be converted to floating holidays.
They piloted this with Columbus Day And Veterans Day, but now they plan to implement this for Christmas, Memorial Day, Thanksgiving, etc. you’re probably thinking, “just use floating holidays there”, but nope. The expectation is that most teams will... — read more
Totally wrong resource planning
Instead of them just keep piling more work on us, maybe the management should finally pay some attention to resource planning. It is impossible to overwhelm employees this much and expect them not to leave. I don't think of myself as someone... — read more
How many of you will have to work tomorrow?
And any other Saturday, other than MAYBE holidays?
Compile a list of benefits reduced or taken away since the merge.
Pension - gone 401k match reduced to 50% for contribution % 6 & 7 Match now only done yearly. work hours increased to 40 hours w/o add’l comp. Please add as it’s been a constant reduction every year.
So this 10 share thing is just a hail Mary publicity stunt, right?
10 shares is worth like 450$. For a few months, you could save that much on taxes by just putting more in your 401K and if you really wanted, put more allocated to BK stock. What was probably given up to make this 10 shares gift happen was probably... — read more
We need Elon Musk !
And we need him right now to take over and fix this place !
Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work.
A violinist played for 45 minutes in the New York subway. A handful of people stopped, a couple clapped, and the violinist raised about $30 in tips. No one knew this, but the violinist was Joshua Bell, one of the best musicians in the world. In... — read more
CEO webcast
What a bunch of BS & fluff I see they are back to constantly saying “act like an owner”. & what a disingenuous response to reducing our retirement benefits. Just vague statements & awknoledgement that it’s to keep people from leaving - however a... — read more
Isn't it shocking that so many people want to be laid off?
I am surprised by how many people openly say that they would like to be laid off. Perhaps the leadership should finally pay some attention to this trend, but I doubt it will happen. It is obvious that BNY Mellon is no longer the workplace it used... — read more
Mental Health
The right place to work if you are looking for mental health issues. I have never really believed in this kind of thing to be honest until I got to work at BNY in Wexford. It is insane how much pressure they put on you, very poor training, people are... — read more
Let's pretend we couldn't see it coming...again...
In May 2020 I posted an article in the Higher Education Inquirer on the last economic downturn. It was the 27th downturn in US history. Remarkably, few could see that downturn coming, a result of the covid pandemic. More than a million people died... — read more
PeaCock Survey Thread
You can type them here. No one will read them anyways.
I'm disappointed
I joined BNYM a year ago, and I was so excited to start. It was my second job, and I thought it would be an amazing experience. I'm not sure what happened; the last year has been a whirlwind of disappointment and fear. I'm so confused about what's... — read more
I am hearing-from many people-that 1/9/2023 is layoff doomsday
No fear mongering or trying to stir the pot- just "keeping it real." I have heard from quite a few people that 1/9/23 will be a layoff bloodbath. Recession and Covid/flu/RSV factors, as well.
WOW points inquiry
I want a new laptop or TV for WOWS points that I never used before the pandemic. Did I forfeit those WOW points or can I still redeem it. Not enough money given to me in the role this will help. Will elevate my mood due to this 'drama' and 'stress'... — read more
Who is D&A? What do they do?
During my year-end review, I was told repeatedly how it was "a difficult year for D&A" with "many changes to come". I inferred this was bad for me but not sure what team this is. Is this the database infrastructure squad? I asked my manager but he... — read more
EP as CEO asset servicing. What did they mean by this?
ASD as a LOB continues to get more bloated.
Raises
How are the raise’s looking bankwide this year?
Layoffs and bonuses
I am not asking for speculation here, so if you don’t have absolute confidence in your statement, don’t make it, please. Used to be, if an employee was laid off during the year, they would still receive a bonus the following year. It wasn’t usually... — read more
Rumor is Roman is getting the boot early 2023!
It’s about time they replace him with someone that employees actually respect