Instead of barking at a brick wall, try actually doing something. Speak up. Use your voices. Or are you all just comfortable talking tough behind a screen while rolling over for whatever the company throws at you? That’s embarrassing. With all the noise here, you’d think there’d be real leaders among you, but as long as you hide behind a keyboard, they’ll keep walking all over you and your jobs.
Or not, seems like you guys love getting sc--wed by the top.
Just out of curiosity, on a scale of 1 to 5, according to UKG, what did the CEO, CFO, CHRO, and Ex VP of Admin Ops receive in their annual reviews for scores ?
I've just been disciplined by HR. I have to write on the Chalk Board in the 4th Floor Conference Room 100 Times:
"I'm just a stupid coward"
All these responses show cowardice. A bunch of complaining on the internet, while they laugh in your faces.
To the poster who said the Executive Deferred Comp plan is well known. There are TWO Executive Comp Plan. One with shares which vest after 3 years and then the other standard deferred comp plan. There are two special plans with liabilities of millions of dollars each year and for the vast majority of employees, many do not know these plans even exist. The point is to ELIMINATE these plans entirely for shared sacrifice and pay equity purposes and save $10M per year.
What is troubling with the promotions recently is that only 3 Client Relationship Managers were promoted. There are 100 Client Relationship Managers and only 3 out of 100. Many of these "CRMs" are doing back breaking work. Working 50+ hours a week SAVING clients from leaving but they are not even rewarded. The Field ExVPs would rather promote under performing Sales people who bring in FAR less revenue than the CRMs do by SAVING actual plans from leaving. The promotion system is totally convoluted and not made any better by a far complex and confusing UKG Performance Management System with 75 pages of instructions. It's CRAZY !
You may call us cowards but there is something called retribution and reprisal and the more that we speak up, the more we'll end up on the corporate enemies list so when the next round of layoffs happen, we'll be right at the top of their S-HIT LIST
The executive deferred compensation plan is widely known about. It’s not a hush hush plan. Many know about it. The new management at he top is not new at all. Sadly they have been with the company for 20+ years and have only worked at Mutual and have ZERO knowledge or experience on turning around a company of this size with these types of pervasive problems. So the expectation that things will change is ridiculous. The moral is not going to get better. The customer service issues will take years to overcome. The toxic culture of the company will take years to change if it ever changes. The company today is not even a close relative of what is used to be. More people will continue to move towards safety and leave the company. Things will not change and if it does, it will take many years to see results.
Many of us are afraid to speak up. Our managers gaslight us. If we say something remotely controversial or concerning about our work environment or ask a question an incorrect way or in a challenging way, we ARE disciplined. It is real and it does happen. People are afraid. Managers want everyone to toe the line. There is no room for disagreement and dissent.
The one thing which really needs to change about the culture is that there are a group of male and female employees who swear and cuss like sailors. They constantly drop F Bombs in meetings. It is hostile work environment and it has got to stop. It's ok to let out an occasional "damn" but there foul mouth East Coast perverts are creating a hostile and intimidating work environment and it has got to stop.
If HR is on here, this is not a rumor or a lie. It is happening pervasively in meetings and you need to send out a memo about swearing, cursing, and the dropping of F-Bombs. Thank you.
You have to understand that the "new" people at the top aren't new. All of them. The CEO, CHRO, CFO, Exec VPs, Board Members--ALL of them-were all intimately involved with the decisions and privy and in the same room when discussions and decisions were being made to move to OMNI, destroy the service model, to increase wasteful spending, to support the boondoggles. All of them were in the room hearing this and making the decisions on these items. They are just as guilty as Greed, Severin, Festog, and others. The "new" management is the. "Old" management. They are wolfs in sheep's clothing. If you put lipstick on a pig it is still a pig. There hasn't been any real change. Need to fully drain the "swamp" at 320 Park Ave and get rid of the Board of Directors and the goons in Boca Administrative Operations like Mo--narity, McAnus, and Moser. The three main clowns.
Even after the company cut off retiree healthcare and froze the pension, the dirty little secret which very few people still knew about is that there were still huge special incentive plans with large payouts which vest after 3 years AND special deferred compensation plans for Senior VPs, VPs, and Executives. The deferred comp plan was curtailed somewhat, but for the most part, these special bonus programs have tens of millions of dollars of liabilities and still pay out millions per year. If the company is serious about shared sacrifice and "pay equity" these need to be cut off entirely. This is a dirty little secret the new CEO, CFO, CHRO, and others don't want anyone to know about. It is all hush hush. Eliminating these excessive payment plans would have the company $7.5M-$10M per year. Don't let DOGE know.
I thought a hiring freeze was in place but yet I see on Linked in there are a few RVPs advertising they are hiring? How is it that we lay off people and eliminate positions because we cannot afford to keep their positions but yet so many get promoted? I know many are leaving voluntarily after IC being paid but something just doesn’t add up.
The "new people at the top" are destroying the lives and careers of their employees just as the previous regime did. They're putting the employees and the clients last, while continuing to enrich themselves. Why hasn't the board moved against the CHRO? Still raking in big bucks, still laying people off, still overseeing the worst morale I've ever seen in my life- not to mention speding most of her time marketing herself. THIS is where the company is investing half a mil per year?
Uh, there are new people at the top now who are fixing the issues caused by prior management (one of them recently started a competing business). Wonder if any of those people are the ones trying to hurt the Company with these posts? So transparent.
What kind of person shows up to kick people when they're down? A senior executive at Mutual of America, apparently.
If you're a potential or current retirement plan sponsor and you for some reason are still considering using MOA for your retirement plan, I hope you understand that this company is being run by sociopaths who lie for their own benefit on a daily basis. Take a look through the employee feedback on this forum & glassdoor, take a look at customer feedback at BBB, take a look at recent credit rating agency reports, and understand that the employees remaining at Mutual of America in 2025 are the bottom of the barrel. Run the opposite direction.
Maybe TF should have mini town halls with various departments or field offices. If it could truly be an open and safe space to speak. I don’t know if we would feel comfortable sharing but if we felt safe and supported (truly supported) maybe it would help.
Nobody feels comfortable going to the top! Yes we get scred by them. They don’t listen. They listen to the likes of their friends. Whatever they say is gold and the top just listen. If the field wants to feel less scred start by taking advice and looking at those so called leaders more closely. Ask us how we feel about them. If they lead us. If they are ghosts. If they promote their friends who provide no value. Everyone knows it’s a joke at the top. Who are the real cowards? The ones who don’t complain because we know it will get us nowhere or the cowards who get promoted not by merit but by friendships and who they know at the top? Start promoting based on merit. Do more to get real feedback from the field and start looking more closely at who you are promoting. Make sure it is qualified people and not a recommendation from a friend at the top. The day HR actually cares to get real feedback and listen is the day pigs will fly!
Funny, the person calling everyone cowards post as "Anonymous".
The only cowards on here is the coward who is probably a member of HR gaslighting us calling us cowards who broke the promises to keep and took part in the ultimate cowardly act to fire all of us without warning and right before Christmas. That was humiliating and cowardly so stop calling us cowards. If you were the leaders reform the company and start treating your employees, retirees, and people you fired with the respect and dignity which they deserve and earned. Thank you and God Bless.
How do you that some people on here are NOT doing something. Many of us have been laid off. I would imagine some are sending dossiers to NYDFS, The SEC, FINRA, the NLRB, and the DOL. I would underestimate a scorned person who was terminated with no notice. Would those people be considered cowards ?