To anyone in the U.S. that was forced to sign the attestation that you need to give 30 day notice if you quit and you’re VP or above (or more, depending on level) …. Has anyone here quit and not given that amount of notice? If so, what happened? I’m assuming they showed you the door and didn’t pay you for the 30 days, but want to hear what’s really happened to anyone that’s done it. Thanks!
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I know of someone who was able to leave on a few days notice (like 3) day notice because of mental health issues associated with his immediate work environment; he got a Drs. note saying if forced to continue longer in a longer period of time, it be highly against Drs. orders and cause severe trauma, anxiety and depression.
Upon accepting an external role, YOU hold the power. Sure policies are (mostly) set in stone, but don't let your manager or decide how, when and from where you work.
Gave my 30 days, picked up several weekend exercises to help my team, followed all good leaver guidelines to remain bonus eligible and guess what… no bonus. Don’t be a chump as I was. If I had it to do over I would have simply walked out.
Senior roles (true ones, not the artificial Senior VP Level K stuff) are compensated for lost bonuses, unvested stock, etc. when negotiating externally.
This "policy" is unfortunately a means to control the more junior BNYM staff that rely on marginal bonuses because salaries are already kept low.
My advise is that if you must stay on fora bonus, make it clear to your manager and his/her manager that you're no longer able to work outside "normal business hours". You should also discuss a plan for handing off your work well in advance of your last week's. Once you've decided to leave, there is no reason to go above and beyond - doing so should be a selfish act for the prospect of a career bump. Presumably you're getting that by leaving.
It seems to me that we’ve gotten “organizational announcements “ about some senior executives leaving and their departure dates not far enough out to meet the notice level requirement for their level. I’ll have to start saving those emails on my trusty iPhone
The fact they forced this to supposedly not cause impact to the business or customer , but will still go ahead and fire you without notice and cause impact to the business or customer is mind blowing. Should be legal recourse against them like they claim their could be against you
Just tell them you are going to work for a competitor in your line of business. They will walk you out that day.
The firm provides us with 2 week paid notification period, but asks us to leave immediately. Not sure anyone should do anything greater than this. No company is going to wait 30, 60, or 90 days. The company can claw back your stock options, but they cannot take your cash. Sometimes we accidentally pay employees after they leave and we don’t have the right to pull that money back.
Truer words were never spoken.
You think that you get abused while you’re here…
… well you ain’t seen nothing yet until you’ve seen Senior Management stealing your last bonus, even when you follow the good leaver rules to a Tee…
They pick through your rotting carcass like vultures and other predatory animals.
No we're worried about being sued for 2023 bonus. Don't know if the company is spiteful enough to waste legal fees over it.
Depends on your situation.
I was dealing with documented abusive behavior by my superiors, so HR understood that I could not be expected to honor my required notice period (they asked for something less and I countered with something extremely aggressive and they accepted).
But if yours is a normal situation, the most you can do is ask.
Many direct managers recognize that it’s not worthwhile retaining employees for those extra weeks, as they’ve checked out. But the big bosses like to enforce it out of spite.
Ask the new head of HR.
Just give 30 day notice, new company will wait. Maybe BNY tells you to leave ASAP and still pays u for those 30 days, or just do zero work those 30 days, WFH, sign in late,.long lunch, leave early
@aie
In other companies I worked before, it was at the manager's discretion to keep you for the full length of the notice or not. If the company accepts your notice but wants you to depart immediately, I think the days in your notice will be paid (forgot the name, it was something called gardening leave I guess)
Yes I’m currently interviewing and the new company does not want to wait 30 days for me, and there would be no time to take a break between jobs. I planned to give 2 weeks notice because I don’t want to miss out on the new opportunity, but trying to imagine what they’ll do if I don’t give a month notice. Assuming they will escort me out the door and not even pay me my 2 weeks that I did give notice. Of course they’ll lose out on me transferring my work. But not sure what else the consequences would be. They don’t give you any notice when they fire you/lay you off. Would they try to claw back my tiny 2023 bonus - surely they can’t do that, and it would cost more in legal fees than they paid me. Of course I wouldn’t expect any 2024 bonus or 401k matching.
It's still early April and people are worried about losing 2024 bonus?
assuming all goes well in an interview I'll be putting in my notice as well, thing is I'm out on p leave (i would like continue to get paid til mid may) i'm worried if i give 30 days they'll just cut me off. I'm on leave already right...any advice?
You aren’t going to get that bonus after you resign, trust me on that.
I resigned and did give my full 30 days notice and followed all good leaver policies to remain Bonus eligible. Guess what…. Zero bonus.
how much notice do they give when part of a layoff
I'm curious about this too. Especially if the bank sued you for your bonus.
I've been on a few interviews this year and companies aren't keen on waiting 30 days for you to start. But I also need my bonus, so I feel stuck.