Had my compensation discussion today. Was told my increase last year was more than I should've gotten that they decided to not give me one at all this year. Then was told I've been excelling and growing tremendously on the team. So excelling = no merit increase? Doesn't seem right...
Also was told by a couple team members that they were told by our manager they make too much in general, which is something I was told a few months back...
All of the young talent can see how this company treats staff. No one in their right mind would stay long term with BNYM. They throw you out like the trash - even when you do a great job!
@6ltc, I have more than a million in BK stock and I haven't fired anyone. Can you explain how an "investor" can arrange for cuts? Other than electing board members who can hire a CEO to do it?
It's like this, BNY is run by investors (not a board). The investors have had enough of poor management (Charlie and Todd) so they are now enforcing the cuts. Once the cuts are done, then the mgt will be replaced and everyone will be told it's a new start. Then the cycle will start again.
Your team has been put on notice.
That was there way of coming with a reason to not include you in the merit pool seeing it was garbage to begin with. I’ve seen it done for people who received a title or an increase due to role during the year. That’s the excuse given to exclude you
It doesn’t get better ....
If you are excelling snd doing well you should do it at another firm.
BNYM will never pay.
You are wasting your time and talent here.
Start pumping out and handing out resumes like candy.
They need you more than you need them.
So next round you’ll get a BE if things follow suit.
top lad.