If so, would anyone mind sharing ? B4 Consumer here. I’m presuming strong 2% with the same old s-b story.
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After several years of being a good worker I realized it has nothing to do with work, all about how well you're liked. So for being a good worker is was 1-2% and a s-b story of the poor bank only making x billion dollars.
be grateful for 1-2%. I've been here six years I've gotten a 0.75% raise twice, and the bonus shrinks every year. It's all about how willing you are to be a sychophant for your boss.
After 4 years of 1-2%, if anything, realized you have ZERO impact on your increase, if you sck up and are liked, it'll be good, if you're a good worker, expect 1-2% max with sht bonus and a s-b story.
@2xss+1pb4pgPg - yes, we enter salary level and bonus (for eligible employees) at the same time. (on the same spreadsheet) But that's just the beginning.... like an opening bid.
Salaries generally hold steady (rarely decrease), Sometimes we are told by HR we can increase salaries either 1%, 1.5%, or in big years 2% (like, wow). If we are putting in an increase for a specific individual, then we have to make a big whopping case to HR to convince them. It's pretty much an exception, unless the individual changed roles and their responsibilities changed significantly. (taking on the work of those who left does not count. pi*e me off)
As for bonus, in good years, we're told we "can take it up by a total of X%" which we can parcel out how we want, subject to HR review. In bad years (for the company, even if our group surpassed goals), we're told "take it down X%" (increases are usually single digit, while decreases can be double digit)
THEN, we're told -- usually early Dec -- the pool was "cut", or "part of our pool got moved to another group", and must go back into the system to reduce the numbers we entered previously.
This goes on and on, and back and forth, several round trips thru mid-Jan. So, it honestly does not matter what managers enter. It's all driven by higher ups and by HR, based on how the company overall is coming out for the year. We usually hear final the last week of Jan, after Q4 earnings are reported.
So, even if I was your manager and told you I put in a 2-5% increase for you, it's not real until the payment clears in your bank account.
Bonuses were entered a couple weeks ago in RMS. Aren't pay increases typically entered at the same time?
0 for me for the 2nd consecutive year.
Not figures yet, but am told "It's bad. Very, very bad"
Interesting read:
https://seekingalpha.com/article/4641860-avoid-bank-of-america-securities-losses-balloon
2% is acceptable during 0% inflation, but now I'm making much less than 2-3 years ago. Will be forced to leave once the economy picks back up.
2% is a huge increase. Expecting 1 % and then being told you had a very good year. bank values you but this is the best we could do.
Pay increase?
Lol.
During wartime?