When do learn what our raises are? When do the managers put in the percentage and how bad is it this year?
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Feb 17-21 LAY OFF and FIRING
February? Is it a rumor?
From prior years, there were layoffs in January.
_You MISSED the most important date_
_Nov 29 is the deadline for direct managers to submit comments in performance docs._
Dec 9-20 is when year end conversations between Mgr and employees
Jan 15-17 Mgr shares compensation with employees
Jan 20-31 incentive in month end payroll
Feb 3 annual equity award grant date
Feb 17-21 LAY OFF and FIRING
Mar 1 new salary and promotion effective date
I still recall how Fantastic it was that Bob Kelly talked the stock up to 63, and with the change in control clause all employees had a really great wind fall.
As a manager they make you put 10% staff at need improvement. I was told to not spend my whole budget for merit so the director can spread it around to other people...i have never seen such a sh-t show with handling PMP and merit/bonus with a company.
Soon you will be paying RV for the privilege to work here.
Employee cost of benefits went up again this year. That will probably wipe out any increase you may be lucky enough to get.
Increase??
To quote the immortal ‘Soup Na-zi’:
“No soup ferrr yoo!!!!!!”
Robin gives you free coffee. Be content with your lot
Nov 29 is the deadline for direct managers to submit comments in performance docs.
Dec 9-20 is when year end conversations between Mgr and employees
Jan 15-17 Mgr shares compensation with employees
Jan 20-31 incentive in month end payroll
Feb 3 annual equity award grant date
Mar 1 new salary and promotion effective date
it is quite sad the stock is at an all time high...corporate greed to not give our employees between 3-4%....im sure our executives will reap huge bonuses. Happy Holidays!
@kck+1vrXRJCp What LOB is getting 5% for exceeds? Exceeds was max 2% for my directs. Meets were 1.5 - 2%. And I still exceeded my allocated pool. Sad numbers for Merit this year.
With rto, it’s basically getting a pay cut!
Jelly of the month club
Raise? What’s a raise? With inflation I make less and less each year.
After inflation you get nothing - enjoy !
They make it damn near impossible to get exceeds. Most managers gave up and don’t even give proper goals to be able to achieve exceeds. So hopefully we get 2%. Grrrr even though my expenses are up 30%. This place is corrupt.
And now it is quite clear to me that we have different %s based on locations and business lines. Let’s just say the average employee will once again enjoy a lower % than our exco members. Despite earnings and stock price.
Blah blah blah, headwinds. Blah, blah, blah difficult decisions. Blah, blah, blah the bar has been raised. On and on and on.
Oh, that’s right. We are all owners and thusly we all reap the rewards.
Our merit conversations and details dont occur until like jan/feb time frame
Meets gets a max of 2% this year.
Looks like merit is about 2% on average. A bit more for high performance. Incentive pool seems up, ever so slightly. Manager conversations around compensation Jan 15-17.
You'll get the merit numbers around the year end discussions. Don't expect much. 5% is generally the cap for exceeds. Meets will get 2.5% on average. But ultimately it is up to your department head to determine exact number
Negative 10%
After the Orwellians fire everyone
End of November and you get 0 percent