I received the 10 shares bonus? If you can even call it that, but no raise. My rating was half meets and half partially meets. Was given areas of improvement but also praise for being new to the workforce ( just graduated in this past june). Am I being managed out, if so how long should I stay?
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The no raise could be because of your start date. You aren’t eligible for a raise if you start late in a year. So don’t take that personally.
In my experiences over 25 years here raises are never a guarantee no matter how hard you work. Money is tight and long time cohorts cover one another. never work in a tight knit circle of long time (2 - 3 decades) friends. You’ll never be treated well in that situation.
You are over thinking it
It’s unclear. But think about it this way: if they have to cut someone, you will likely be considered.
Doesn’t mean you’re being managed out. (And some managers don’t believe that a new employee can fully meet expectations on their first report card… room to grow and all that… so the facts you share make it impossible to definitively know how your manager feels about your future.)
If I were you, I would circle back to my manager within a couple months to ask if they are seeing you close that gap. Their reply should tell you a lot.
I agree with all the advice below. If you are young, do not try to build a career here...good luck.
You've been here 6 months, didn't totally meet expectations and you think you deserved a raise? And what does "managed out" even mean?
@hmx+1l7nFxh3
Thank you. I was thinking two years initially, but I'll reduce it to one. I want to move back home anyway.
you're on the sh*t list. Anything less than a met expectations means you're on the list.
My advice to any young professional would be don't take the performance rating too seriously at this point. This is your first job and certainly won't be your last. Focus on learning as much as you can and do your best. Try to network - especially externally. I would caution against trying to make a career at BNYM. It's just not a great place for career or compensation growth. Try to stick it out for a year, then move on.
Regarding the 10 shares, it's a drop in the bucket of what you stand to earn during your career. It is totally possible that in your next job or two, you a higher salary that more than makes up for those 10 shares, plus you'll probably be paid decent bonuses. Get some training on salary negotiation - it will really help you in the future. The reality is that loyal employees get shortchanged because firms pay new hires higher salaries than current employees. "Job hopping" no longer has the stigma it used to. Network like crazy and get that negotiation training -- then get the heck outta there!
Here's an article about job switching and salary growth if you're interested:
https://www.wsj.com/articles/inflation-switch-jobs-more-money-fed-atlanta-data-11658699425