For those who got bumped up, you are not merit eligible so don’t expect more money
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Raises at least US based, don't go into effect until April 1st, which is three months earlier than July 1st which was a deferral done years ago during or after a pay freeze to save costs, circa 2008-ish I think.
Anyone saying raises were 12/1 if US based doesn't know what they are talking about unless that was part of the salary level catchups in certain places. Salary planning for 2022 didn't ever start until around then and was only finalized a few weeks ago, previously done in mid to late december.
Averages raises are better that in earlier in 2021, but some people are never happy anyway. The combined promotion raise planning with merit planning which is kinda-effed up, and I am told no one promoted in 2021 got a raise, above the control of direct managers, but REAL managers are doing right by their employees to cover that, even if they have to take it out of the existing merit pool. Targeted market adjustments are gone, but most of us never knew they existed anyway, and real managers that are creative can still target their best employees, but you have to take aware from other deserving staff.
Effective January 1, 2022, everyone is required to work for free! Congratulations! Keep up the good work!
@4pbz+1ed32V8U - no it’s not a merit increase. Those don’t take effect until 4/1. They increased certain employees pay depending on the area you live in to try to be more competitive with what other companies were paying. BNYM wasn’t paying anything close to start in some locations which is one reason why they can’t bring in new talent
Is that the same as merit increase, or something else?
@1ocb+1ed32V8U - it was announced and I’m a manager
Earnings are not matched incrementally to effort. It does not work that way.
2oup+1ed32V8U you really should read and comprehend before slinging insults.
Let me walk you through this step by step - mailroom clerks now making $20 an hour. I make $40 an hour (have not been in the same job 20 years, hence the reference to climbing up the ladder). My point is that if I only make twice the salary of a mailroom clerk then I should only work twice as hard.
Don't be offended because, as a manager, you lack the ability to keep knowledgeable employees. Just hire the mailroom clerk to replace your employee who left for being under paid and under appreciated. Enjoy recruiting and training.
You aren’t climbing the ladder at all if 20 years leaves you in a role which pays less than sorting and delivering envelopes. Do you want to move up and have a career or go 7.5 hours and out the door? Have you considering taking some college courses (BNYM will pay) and have you discussed career options with your manager? 20 years in the same role indicates complacency, not a desire for a career, nothing will change until you do.
Someone with 0 experience hired to sort and deliver envelopes makes half of what I make after 20 years climbing the ladder, being client facing, training colleagues, etc...I'm about to only work twice as hard as those mailroom clerks. I mean, that is the value that BNYM has placed on my job.
I'm pretty sure there are more cashiers at my local Walmart than BNYM employees who make less than $18/hr. Well, unless you count the slaves they hire offshore...
@1ocb+1ed32V8U -- It's 100% accurate .. was announced in October. "BNY Mellon’s minimum hourly salary rate for employees based in the U.S. is increasing from $16.50 to $18.00 per hour. This is nearly two and a half times the federal minimum wage of $7.25. Additionally, BNY Mellon will also provide the greater of a 3% salary increase or a salary raise to $20.00 to any U.S. employee earning between $18.00 – $20.00. The effective date for these changes is December 1, 2021; new employment offers will also adhere to the $18.00 per hour minimum rate, starting immediately."
@OP+1ed32V8U Curious how you know, Is this 100%
Anyone who wasn’t making a certain amount was bumped up for cost of living. Less than $18 was brought to that and $18-$20 was brought to $20
Who was supposed to get a 12/1 increase?
Post nose