I have only two options, which is to take real action and go somewhere else or to continue venting while I try go guess what BNY Mellon will take away from us next time. What do you think, will they continue to cut our benefits? Now I have no doubts that it is not their goal to try to keep good employees.
13 replies (most recent on top)
Pretty sure that anyone with talent has left. They’ve been voting with their feet for over six years now.
Far less than less than 1% have ever even heard of RSUs and less than one half % have them. Don’t complain, celebrate how lucky you are. It’s all who you know… not what you’ve done.
Agreed. H1-B is the only way to go in Operations. Smarter and better educated than Americans and they have the American Work Ethic that we haven’t found in new college graduates for approximately 20 years.
H-1B is the solution. They bring it every day.
Every year there are cuts in pension and 401K match. The HR emails are surely written by very creative people sitting with lawyers. If we tasked those people to apply their skills to our marketing efforts instead perhaps we wouldn’t need to cut people.
But that would require management skill so expect more of the same.
The next thing to go will be the severance program as it exists today.
Expand your H1b sponsors to refill all your lost talents
They are the jewels of America, smartest human on earth.
Secret sauce to American smart
BNY is a big WEF Davos kind of bank. Not the best bunch of people. Should not expect much from these sellouts and phonies. If you can...just move on.
Remember 2020 (I think it was) when they suddenly changed the age necessary to keep long-term incentives (unvested RSUs) at retirement from 55 to 60, without grandfathering anyone in?
I was on the verge of retiring and that broke any remaining trust.
People play by the rules and then have the rug pulled out from under them? And what’s to stop them from subsequently raising it to 65?
Good companies don’t behave like this.
And for the record: if an EC member wants to leave at 55, you can bet management will let them keep their RSUs.
There will always be a group of people that do hang on. I think management knows they can throw us many curveballs and people will remain.
People will stay and suck it up because they think there is no where else to go. Just what management is counting on.
I think the best move is to leave. Best way to boost your salary. They will always pay the jpm/gs, etc more than the what they will pay us. Nothing left here to hang around for. You need to be loyal to yourself, not the firm.
I am applying weekly. Looking forward to moving on.
What the below stated - should fully expect the match be get reduced to 5% or something along those lines. The wording of the notification suggested as much…
Best guess. Next year they will reduce the match again.