When are raises communicated to the employees? Are the raises percentages determined already? What is the numbers this year?
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Claiming the raises at this dump are competitive is absolutely ridiculous… 1- 2% raises are garbage and way less than inflation normally… Let alone right now
BNYM salaries and raises are actually competitive with other banks when adjusted for grade level, experience and skillsets.
This only becomes an issue when dealing with employees who are legends in their own minds. If you’re working in Operations, which is where the bulk of the positions are, it’s difficult to get a raise. It’s clerical work.
The numbers is out
Op's and Tech should take 20% cut in staff. Ridiculous amount of staffing on both teams. DEAD WOOD, I SEE DEAD PEOPLE.
Raises and promotions are a joke - always. If you want a significant salary bump, then find a new company. I mean this in the most sincere way possible.
Raises are down significantly this year which is saying something. I’m dreading communicating them. My people deserve better but all Ops roles are getting hit hard. 2024 will be bad for layoffs. We already know what our number is and the deadline to meet it. It’s very sad.
I’m thinking that they misspelled “Peoples Pilloried”.
LOL… no. Over the past 40 years there have been about a dozen years with no raises for specific lines of business. Once there were no raises for three years.
They’re even farther from being a guarantee.
People pillar - investing in their people.
Remember that when your co- workers are let go, raises are 1-2 % & bonus even smaller again than past reduced bonus years.
1-2% this year, nothing is final yet but the pool is the smallest I have ever seen.
- 5-2.5% for most who are eligible. if you are lucky enough to get exceeds then maybe 3%
this is a bad cycle to get promoted you will get a sad increase in salary. tell your boss to defer promotion to next year.
January, for those crying about the percentages, work harder.
@ek
No. Raises are FAR from being a guarantees. You need to work in a division which was profitable, you need to be below the midpoint and you cannot be in a division that has screwed up and paid a regulatory fine. And with all of this you still will virtually never receive a raise which even meets inflation.
Get out now before they start getting the layoff machine working. Believe me, HR hasn’t been laying off for four years. They are trying to get efficient again and they will.
If revenue divisions meet their plan for the year will the employees of those divisions be rewarded? If there are no extra rewards for meeting plan then why should employees of those divisions work hard to make plan?
Do we always get a raise yearly? And I mean like the usual 1-3% because I haven’t gotten one yet in the three years I’ve worked here…
It’s supposed to be January and it’s based on whatever your mgr was allotted. It’s down this year from last year
Ask your manager the date, or don't bother. It's never life-changing money.
They su-k. You'll know in January
You would get more money from returning bottles and cans than the merit amounts we are all about to receive.