#compensation

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Pay package reports

How’s it feel seeing in print our median employee pay went up 1% while Geoff jumped 16% and is the highest paid ceo in med tech?

Over a quarter if a million of personal use of the corporate jet while we get turned down for legitimate business travel between facilities.

Not to mention seeing greg smith get almost $9m to leave ops in total shambles…..

Happy new year, I guess, to us.


Premium Pay for work Christmas week

Did anyone else receive premium pay for working every day last week?

It was brought to my attention by a teammate that he received premium pay for last week. He asked whether I had received it as well and if I knew what premium pay was. I told him I wasn’t familiar with it, but I was happy to help him understand how it would be calculated in his weekly pay. After looking into it together, we learned that premium pay is double his hourly rate.

He then reached out to our manager to confirm, and she told him that she decided to give him premium pay for all of his hard work and asked him to keep it discreet.

Both my teammate and I hold the same position as Transaction Analysts. Our team was short-staffed last week, and myself along with four other team members worked extremely hard and also worked every day that week—yet none of us received premium pay.

I’m genuinely confused as to why premium pay would be given to only one person and not extended to others who performed the same work under the same conditions. I am a strong performer and consistently praised in meetings for my ability to efficiently clear accounts (providing context, not bragging). Despite this, I am paid at the minimum wage level while also taking on responsibilities typically handled by managers, while others on the team earn more.

This situation feels very discouraging and honestly may be my breaking point. I’m struggling to understand why premium pay would be selectively given rather than applied fairly across the team. I would appreciate any insight or perspective on this. Thank you in advance.


Hard to be loyal to Edward Jones, left to a competitor and should have done it sooner.

I started with Edward Jones in 2018 and left in 2024; I am White male with a degree in finance and two of the big professional designations. Because of DEI, I never received a Good Knight, was never approached about an RTP, and never got my own office. All the while I noticed that EJ catered to the "lowest common denominator" and gave all kinds of assets/handouts, RTPs and offices to "persons of color" (an Edward Jones' term), female FA's and the "alphabet community". All to check the box of DEI, and I can say with the fullest of confidence, it was far from earned. For those of you who do not know if an FA shares/gives assets to a person who fits the DEI mold, the giving FA receives an additional 10% compensation. They seem to predominantly hire ill-educated, sales type people.

The training was a joke; it was all sales based. I never received legit training directly related to financial planning, investment analysis, portfolio management, etc. I learned all of that on my own through designations like the CFP, CIMA, and CFA Level 1. The culture is definitely a "cult" and talk about "fake friendships". It was definitely a weird social environment. Early on I stopped taking TAP trips, going to summer Regionals, and all of the other mindless meeting/events that EJ holds. I forgot to mention, I was offered a failing office from an FA that was terminated. I knew that FA and I knew how horrible to book was managed and wanted to nothing to do with it. I turned it down and they took it SO personal. If I would have fit the DEI mold, I would have been handed a "gold mine". I saw that on many occasions. It didn't really bother me, I believe in a meritocracy. I wonder how the clients would feel about it??

Anyways, I built a book from zero to Level 9, producing $850,000 in a 6-year time period. I took a million dollar check to transfer to a sophisticated firm and have transferred 85% of my book. The remaining 15% can stay put for all I care. It is nice to be around legitimately educated people who understand capital markets, investment management, and financial planning. This firm values quality over quantity and there is zero DEI cr-p. If you have formal education in finance, economic, business, etc, EJ is not the place for you. I stayed for longer than I should have due the COVID lockdown. That slowed my exit by about 2 years.


I wish people would stop telling me "you’re lucky to have a job in this economy"

Having a job at DXC where I haven’t gotten a raise in four years effectively means that I’ve been taking a pay cut each year due to inflation, and my work has just been increasing. I can’t think of a single person outside of those at the very top who can be considered “lucky to have a job” here.


H1B Salary Hikes

H1B Salaries are expected to be raised in next 6m. Expect a bump up from 150K min to 210K min. the best ones who are getting around 180K should be given salary of 240K+

Now with above salary raises coming, does Oracle plans to give more money to H1B or retain US employees in their layoffs. All through these years, Oracle has fostered H1B so they can give low pay.


promotion vs exceeds vs meets

all the thank you notes from the top of the company. but vps and under are still always in a 24 x7 panic, blame game mode. in the team, how much if they up the grade vs exceeds meets , ive been here 3 years..last year when the company was doing well. they gave me peanuts, this time how much can i expect? meets - 3k , exceeds 7k?


ESPP

There was a time when partaking in the ESPP was a no-brainer. An immediate and minimum profit of 15% off the lower of the two semi annual corporate purchase opps. Those days are long gone. An employee comp perk that is no longer. Options are a close second in complete failure. The market is always a risk but nike stock has become one of the worst investments one can make (going back at least 3-4 years) and with no end in sight. Sad to be a shareholder. And to be an employee who relied on these benefits as part of their overall comp package.


Top 4 Executives Receive Compensation Agreements through 2029

So apparently the top 4 execs have received extensions of compensation agreements that would pay them through 2029 in the event of separation or acquisition, yet everybody else is being offered what? Three Months? Nothing to see here, move on. Remember we're an *All Weather Team". https://www.tipranks.com/news/company-announcements/cdw-expands-credit-facility-and-renews-executive-protections


Schulman should forfeit the entirety of the awarded compensation package and only be based on incentives.

Schulman should forfeit the entirety of the awarded compensation package and only be based on incentives. And cutoff Hans and Shankar show them both the door because why are these chaps continue to get paid and to receive benefits.

Bottom line as the Verizon Communications, Inc., share price cannot close over $40/share.


Hear my Bain idea to turn the ship around

Pay all employees in RSUs only. No base. No PSP. Only RSUs. Let’s see those slackers then.

Disclaimer: due to local regulations, EMEA folks will continue to get a symbolic €1/month base. Ba dum tiss.

JD, hit me up if you need a chief of staff in your next stint ;)


2 job offers - Dell vs another company… US

I have been trying to decide which job offer to accept and have been using this forum to try and understand salary structure and promotion opportunity. From what I can see, it seems like once you accept a job at Dell you are stuck with minimal pay increases unless you apply for a different internal role. Is that correct?

  • Am I best off pushing hard for my starting salary since it won’t change much?
  • Does the salary I’m offered impact colleagues yearly bonuses and pay increase?

  • Additionally, is there any other important information around salary I should know?


Transparent Sentiments

Employees have many concerns still about employee culture. Below is a AI Generated Search from Bing about the current sentiment. How accurate is AI. U B the judge
##########
Mutual of America reviews highlight significant customer complaints about poor communication, lost documents, difficult withdrawal processes, and unresponsive customer service, especially regarding elderly clients or complex issues like death benefits. Employee reviews often cite nepotism, poor leadership, lack of training, low pay, favoritism, and organizational disarray, though some praise recent positive executive changes and the company's niche focus. The company also faced litigation for steering clients into proprietary funds

Customer Complaints & Issues Service & Communication
Customers report endless phone calls, being given different information, lost forms, and managers failing to return calls.
Withdrawals & Distributions: Difficulty accessing funds, with long delays and bureaucratic hurdles, especially for seniors needing 1099s or dealing with deceased spouses' accounts
Identity Verification:Automated systems create major barriers for elderly or less tech-savvy clients trying to access their accounts
Missing Funds: Beneficiaries report issues with missing retirement funds after the account holder's death, with the company unable to account for the money

Employee Concerns & Culture
Management & Leadership

Frequent complaints about poor leadership, lack of transparency, micromanagement, and favoring friends over qualified staff.
Work Environment: Issues with nepotism, bias, a toxic culture shift, and lack of support from HR due to management interference
Compensation:Underpayment compared to market rates and a lack of yearly raises
Training & Organization:Lack of proper training and general disorganization

Company Response & Context
Positive Changes: Some reviews note recent executive changes and a focus on improving the back-office experience
Financials: Fitch Ratings noted capital concerns and a rating downgrade in 2024, but acknowledged the company's unique market position
Past Legal Issues: The company settled litigation in 2023 for improperly steering participants into proprietary investments

Overall Sentiment
Reviews are mixed but lean negative, with significant recurring complaints about operational issues, especially customer service and access, contrasting with a niche market position and recent attempts to improve

/Smith