End of the discussion
6 replies (most recent on top)
Not true for the entire org, my bonuses and merit raises were once worth smiling about when the bank was performing well. Once the share prices went down and the stock became stagnant, my bonuses kept getting sliced each year with my managers telling me it was due to the bank performing poorly. I’m sure others also share the same experience.
@foe being telling this to this group for a long time now. Sites closing down in APAC & US , Oriskany, Syracuse , Mumbai , Philippines. It is no Brainer. These were business development centers. Something is not right , not sure what Robin is upto. They had to sell the assets to make money and pay bonus and salaries. Filling the pockets of VP's and above to run the bank.
I spent 40 years at this dump and three other Custody Banks. I can assure you that Back in the day, employees were never rewarded when the organization did well. That’s how it is at Custody Banks.
You want rewards, move to a retail bank, be a lender and rank in the commissions.
@yxs+1qykI2Gl stock prices are up over the past year but what about your bonus, merit raise, 401k match, and healthcare? Back in the day, employees got rewarded when the organization did well. Now it doesn't even matter, benefits keep getting worse regardless the bank's performance. Anyone with a set of eyeballs can see it, it's not difficult.
@yxs, it's down 20% from 3 years ago. Essentially flat for a quarter of a century.
Stock price is up. Why do people say the ship is sinking? At worst it's just floating without a rudder.