Managers are supposed to be making a fair assessment to filter out low performers vs high performers, however, besides doing this properly, they put their ego first and did the opposite. They retain all the freshers and low performers and kicked out all SMEs, simply because these folks who spent over 10 years at BNY are lazy managers who know nothing but busy doing politics after the weekly meeting is over. All the task gets delegated to Pune or Chennai, they have wonderful life chatting about their pets and kids.
Relying totally on Chennai and India team, there is a price to pay: You can tell from the NEXEN and Distributed applications, used old technologies and never bother to innovate or use the latest technologies, copy paste copy paste - life is good at BNY.
6 replies (most recent on top)
Horrendous places to work
No wonder why real tech companies like Google, Facebook, Goldman Sachs are looking talent only those who have Masters or Ph.D. Degrees. Academically qualified candidate works with the conscience and knows what ethics is. "Suresh Kumar" dumped all the garbage from Chennai and Pune to rob the bank. Those who are brave and hardworking folks are either laid-off or found their own way out for a better.
For a real tech team, BA is not required, BNY BA confuses those kids more and puts the project in a never-ending loop. These kids know how to frame excuses because their managers have no idea, even the basic thing, how can these managers lead the team towards innovation?
Still wonder why “leadership” never questioned B.S. & S.K. on what they would get for the NEXEN spend. It really is OK to ask your techies for business value. These people most certainly ask more questions on technology in the cars that they buy.
Curious to see if Chainsaw introduces this forced ranking at Wells Fargo. Currently employees are rated performing/not performing. As far as I know managers are not forced to rate anyone not performing.
I think if there was any way to make working at Wells Fargo an even more soul-s—ing experience than it already is it would be a system like I’ve seen described here.
Forced ranking puts employers at greater risk for litigation. Ford paid $10 million to current and former employees after it was accused of using forced ranking to weef out older employees.
Since there is power in numbers, filing a class action suit against BNYM and all managers for wrongful termination may get the same turnaround achieved on the work from home. More good press to show how much they value their employees! Clients take note!