They are still sending thousands of FAX’s a day! They have a failure of talent at the too, but so much easier to blame it on the rank and file. This is a classic strategy of mediocre management. They simply can’t compete for the best people... — read more
Fear of not being able to find a new job if ever let go
I’ve noticed many former coworkers that have been laid off in 2019 still have yet to find a new job. I’m worried that will happen to me if I’m ever in that position. For 10 years, I’ve climbed up pretty high, starting at the way bottom and then... — read more
Smartest thing I ever did
I made the decision to leave June of last year and by EoY I had already started a new job. The relief I feel being away from BNYM is indescribable and I am so glad I took the step to free myself from all the B.S. politics that were dominant there. ... — read more
Layoff targets?
Someone said that March layoffs are very certain. Any insights on how many people will be affected and who are the targets?
If you’re lucky, you’ll get laid off?
Everyone goes around saying that they have had enough of this place and that they can hardly wait to be laid off. Encouraging are the stories of people who say they are doing much better here after earlier layoffs, but I still take their words with... — read more
Sub-Pay and Taxes
Hello, for those of you who have received sub-pay last year, what does BNYM send you to file your taxes (W2,etc )this year? Since Social Security and Medicare are not deducted are we liable for that when filing? Thanks!
MARCH LAYOFFS?
Heard there were March layoffs... does anyone have any information?
Hunger Games
Because of regressive policies like forced rankings, YOUR mistake is MY safety net. Why should I tell you that you are about to make a costly error and get the BE hot potato? I didn’t happen to think that way, but I knew many who did. I moved... — read more
Overwhelmed by workload?
Heavy workload has always been there, but lately it's really too much. In situations like these, mistakes are inevitable. However, they don’t seem to care at all. I thought it was just a phase and it would pass, but no. There is more and more work to... — read more
Bny Employees are zombies
Yall got to leave, literally doubled my salary from leaving that place after wasting 12 or so years. Once you reach a certain age in conjunction with being stuck in the same position or org you become unattractive to other firms. In those 12 years... — read more
Tracking Devices - Uh oh!
So will all employees in september be required to wear tracking devices on their badge? Seems a bit excessive. Are other companies actually doing this too? But wait they promise not to track how long you sit and eat your lunch!
Lawyers who say they can win a lawsuit for you for wrongful termination against BNY Mellon are in fantasy land
Just a word to the wise out there: If you have been laid off or fired from BNY Mellon, and you are entertaining the idea that somehow you can start, or partake in a class action lawsuit against BNY Mellon for wrongful termination, you need to take... — read more
ATTENTION SENIOR MANAGEMENT: Employee Recognition Day
I am sure you don't realize this, but telling managers to acknowledge their appreciation for their staff today DOES NOT make their staff feel appreciated. It just makes YOU look like out of touch id–ts. If you wanted employees to feel appreciated... — read more
Carrots and Sticks
BNY Mellon has little to offer in terms of carrots (cutting edge technology, interesting projects, attractive compensation, etc.) so they are reduced to using sticks (forced rankings, threats of punishment over minor administrative oversights, being... — read more
Anyone else in Pittsburgh scared?
Did anyone attend Ryan W.'s virtual site visit and come away from it worried? Why is he so set on bringing us back to the office just so we can go for beers after work? He seems worryingly dependant on this algorithm that tells how many people each... — read more
To those who work from home,
Do you worry that you may not have a job to return to when we are able to come back to the office?
What is "Prior Year N" on pay statement?
My SUB pay that was deposited yesterday has an additional "Prior Year N" under earnings that is more than a few thousand dollars. Any idea what that is? It appears to be taxable and subject to FICA.
The Flop
A very poor employer. A flop....muppets trying to be leaders. They are $$ fixated with no interest in people. Living in the past. #outdatedfools
Return to office
Has anyone in New York been told to return to the office s
Incredible gap between perceived technology and actual technology
My experience with BNY Mellon was so crazy, for all the wrong reasons. Before I decided to apply to work there, I did my due diligence to research the company. I wanted to find out about where it stands from a technology standpoint. I would read... — read more
Goals tied to Merit Increases
With 0% merit increase this year, how does this organization expect anyone to write goals ... and especially a "stretch" goal? My goal will be to search out new employment, and my "stretch" goal will be to stretch out on the couch while searching... — read more
The Org chart is upside down at this organization
Next time you are in MySource, take a good hard look at the organizational chart at BNY Mellon. You see all the VP's then the senior management, then the middle management, then finally you get to the bottom of the chart where you see all the actual... — read more
Look how much Citibank saved moving operations to India
https://arstechnica.com/tech-policy/2021/02/citibank-just-got-a-500-million-lesson-in-the-importance-of-ui-design/
Profitability through cuts
Is it just me, or is the only way the BNYM leadership knows how to increase profit is through cuts, cuts, and more cuts? Is that really the only thing they can come up with? What exactly are they paid the big bucks for, then? There is no growth, no... — read more
What was everyone’s merit increase
Just curious on what everyone’s merit increase was. Mine was 1% and I got a 9% bonus.
TODD- WHERE ARE MY BELONGINGS
How long can they legally hold on to your personal belongings when you are no longer an employee. Not a word on how to get them back. This is a disgrace. Do we need to get lawyers involved ?
Let’s Recap
For those of us per go in January let’s recap the experience. Trouble accessing the portal with all the separation agreement. No return call from the 2 HR people that would call you back within 48 hours. Mass confusion on how to return the... — read more
Personal Belongings
For anyone who was let go in January, did you receive any info on how to retrieve personal belongings? My manager says I was supposed to receive a survey and needed to opt in for the process to kick off, but I just checked the separation portal again... — read more
Annual Merit Increase - Below or Above your Monthly Car Payment?
Other than the year that everyone got 0%, I have never had an annual increase that was less than one monthly car payment before. Until this year! After taxes, my merit increase won't even cover one full tank of gas each month. Shameful. — read more
This is BS
Some teams, (GCM, AS, Pershing) have employees who receive bonuses which are equal to and greater than the base salary. There is no consistency. Very frustrating, clearly the "have's" and "have nots".
Merit Increases
For employees meeting expectations, how does the bank justify no merit increases beyond the "it was a hard year and we had many challenges with the numbers". Expenses should have been significantly decreased – selling locations, no T&E, limited... — read more
Made too much last year for a merit increase this year
Had my compensation discussion today. Was told my increase last year was more than I should've gotten that they decided to not give me one at all this year. Then was told I've been excelling and growing tremendously on the team. So excelling = no... — read more
Corporate Trust Wexford Ireland - Horrible position
I am part of the CT team in Wexford and wanted to know if there are any other departments in as bad of a position as us. Currently have 7 ppl on stress leave with two being group managers. Another couple close to going also! Senior management haven’t... — read more
Next round of cuts
With all the talk about bonuses, I'm starting to get a bit optimistic about the situation. Should we assume that we're done with cuts for now? I know there'll be more sometime down the line, but maybe not in the following few months? Or is it naive... — read more
Bonus 2020
Has anyone been pulled by their manager yet to confirm their bonus or Merit increases? Or should I say lack of bonus and no Increase?
benefits here are so lackluster
very average to low pay, very minimal to no raises, a bonus that's a slap to your face, very "standard" medical and retirement, no WFH unless there's a global pandemic, hostile work environments across the bank, not even a gym membership discount. i... — read more