I worked my a** off this year and received a met expectation. Anyone else have a similar situation?
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Exceeds are basically only allowed for people getting promoted now
You should learn about the bell curve before you opine upon it.
This, in particular is completely a lie at worst or an issue of misunderstanding of the Gaussian distribution at best.
“ The bell curve had made no sense since it was implemented. Unfortunately, the harder you and your teammates work the higher the curve is raised and the harder it is to exceed.”
Allow me to guess… University of Phoenix Grad with a major in “feelings”.
You completely misunderstand the Bell Curve. Please read up on it.
Your attempt to communicate is admiral and welcome.. Can you enlist a friend who might be able to convey your thoughts in a more coherent fashion? If not please allow us to help you to rewrite. Post here and we can help.
My sources say “you know”. I.e. “No”.
Four stars is Mission Impossible. Even Tom Cruise cannot make it @BNYM. You have to be a part of select community and in the inner circle which ever manner you qualify. Otherwise it is just another job.
That is one reason we perform poorly , overall.
Most of the workforce is in a quiet-quit mode. Managers know that and hide behind the Jira paperwork and nice charts and presentations (where data can be massaged to produce a rosy message).
Running the bank itself a big ask. And one cannot get 4 stars for running the back. Majority of the workforce is assigned to run the bank.
every year...it is hard to pass exceed expectations....they want 80% of staff in ME
I was heavily involved in 3 projects that literally would not have succeeded had I not been on them. My manger told me “ on the base of all that. i’m happy to say it’s easy to rate you as meets expectations”.
Would you like fries with that?
Save your mental health, do the “meets” level, and get the F out to a place that will actually respect you, not pay in lip service instead of, you know, actual pay.
I think is the norm rating. To get exceed expectations one must convert water into wine. No matter how hard you work here it goes unnoticed from the higher ups. They have their select few who will defo reap the rewards regardless if they deserve it or not.
Are the Mets still in NYC?
Same here but was fearing a below for a reason they make up that's not a goal.
There's no point doing extra work here. It's not appreciated. Only the favoured get good reviews and promotions.
Dude claiming to be “cranking out work “ on here posting on company time - lol
Get back to work jr.
I totally disagree. Using forced rankings was the best HR decision EVER.
Some of us crank out work far above any expectations. We love the bell curve because we love to work, we earned it and enjoy the raises and the sheer satisfaction of accomplishments.
Why would a Bank ever reward everyone equally regardless of their deliverables? That would only hasten the exit of all productive people and this place would disintegrate.
You actually can learn everything that you need to know about a person’s work ethic simply by discussing the bell curve and their viewpoints.
Productive people love it even as slackers hate it.
We are only allowed 2 excess and 1 below expectations. Everyone else is meets. Do not do anything more than your job. Don’t stay late, don’t work weekends, don’t work overtime. Just do the minimum and go home. Managers are forced rating, it doesn’t matter if the whole team is excessing corporate will tell the managers how we need to rate everyone. We do not have a choice.
You can be mad but there isn’t anything managers can do with it. Get ready for 1% raise.
The bell curve had made no sense since it was implemented. Unfortunately, the harder you and your teammates work the higher the curve is raised and the harder it is to exceed. This place doesn’t actually reward hard work because they don’t think more than 1 person on a team can ever work hard. Key is to at least keep your work life balance in check so that you’re at least enjoying your life since you can never exceed at BNY. It’s so funny. They brought in a team speaker one time talking about how employers can keep employees happy and engaged and employees will pay it back because they’re happy. We all laughed during the class and were like did they take this class?!!!
“Sorry working your a-s off and actually accomplishing something of value are quite different.“
——
Same logic applies to the great executive suite. What’s been accomplished. Oh. That’s right. The new platform operating models the flavor of the month.
Dump
I thought our management was getting the big bucks to figure out what new products we offer.
"I worked my a** off this year"
Sorry working your a-s off and actually accomplishing something of value are quite different.
The exceeds people will receive exceptional raises and bonuses paid by those that meet. If you’re 15% above the median for your level you will get a 0.00 merit. System is hard coded and does not allow for raises. Then the exceeds are required to get 150% of last years bonus. The pool is funded the same as last year which means that 50% comes from the other employees. No discretion from managers. This place su-ks and time to leave if you can.
Makes me Glad I’ve been coasting & doing just enough to keep people off my a-s & not be noticed.
For this rating period the curve was skewed with higher than normal below and above mets. The partials bonus is going to be cut significantly and given to the exceeds.
Met expectations is normal. Have you done anything out of your lane such as bringing in a new product, led a new product group, figured out a way to save a lot of money, etc? Suggested and lobbied successfully to win a new revenue stream? I’ve done these things and I can tell you that nobody wants to hear your ideas but if you push and push and find that backing you will be highly rewarded. Let the other suits babble on about the people pillar, organic growth and project whatever.
Let your ideas lead with revenue. Rather than carping blow their minds. It always works.
I’ve done that and was always rewarded.
It’s safe to say you’re in the company of many with the same rating. Hard pays off - not!!
That's normal. My manager put me in for exceeds last year and said it went up two levels before being bounced back to meets.
No idea what this year is yet, but we were told to expect 1% raises, so who cares?
I’m guessing half the bank. Or at least a quarter of the bank