Where the hell is our merit increases. 401k match. Full discount for stock. I’m tired of the stress with less and less pay. Tired of OFD thinking they are solving problems. Fiserv is the worst it has ever been. Went down hill after merging with this circus. Damn crooks and cowards.
32 replies (most recent on top)
What are agile coaches and what are they doing?
More than one jet and the fleet is based out of Newark. They are older but still private and well maintained.
@4sls+1afUszjk doesn't Frank and his VP crew have a private jet in NY through the First Data acquisition?
You mean Christmas party Jeff?
Jeff had better morals????!!! Are you kidding me??? Just check out the ETG travel partners and the divorce count. That was acceptable practice with jeff. Disgusting
Classic OFD, drive all the old OFS people out and then when they sc–wup, they blame the OFS people who are now gone.
Jeff wasn't the greatest CEO, but he has far better morals than Frank. Look at the company performance for the past two years. Since the announcement of the merger the company has been in chaos, client outages galore, and a bunch of senior management people that have no idea what they are doing.
They screwed over the OFS employee's and a bunch of people left. Now the OFD group is holding the bag and pointing fingers; because, they are too incompetent and unprepared for the backlash of their actions.
Classic no talent bully. Then someone stood up to him. And gone
Yes Yapuke bread a system of incompetence and then it caught him...
He didn’t think he was going anywhere. Then he found out he was in the big leagues. Much like the rest of the fiserv leadership that is no longer there.
You are correct on the reverse merger and on Yabuke. He said he wasn’t going anywhere at a town hall in front of 500 associates in Omaha, six weeks later he was ‘retiring’.
Highly desirable fiserv talent means something a little different in ETG land
That is a bunch of BS, OFD does not pay based on value. They pay based on friendships and favoritism. Last year in our group they promoted an engineer that had been in the IT field for two years to be a lead, which he was highly unqualified for. Especially, when you had 3 others that had true seniority because they were true SME's with 20 years of continual growth in the field. They also had an MBA, and were mentoring others on the team. The two engineers left about 6 months later because they were overlooked for lead positions. Both of them got better medical, 401k matches, ESPP discounts, a 60% base pay increase and stock options.
Fiserv has highly desirable talent, and the new managements seems to be blind to that fact. Other companies seem to see their value though.
OFD pays based on your value
Wow, it looks like the truth made someone's butt hurt. It had nothing to do with accepting change, but tactfully implementing change. Apparently, the new senior management doesn't know how to do that, and just like to create chaos and fully reactive environments.
This new FD group had a master plan to jump into the data center, fire all employees that know it and implement some new fancy tools to hopefully do their job. That seems to have failed miserable. Unless your goal was to increase customer outages along with increased mindless paperwork.
The client impact has been an afterthought for 2 years since the merger.
There are a bunch of green temp-to-hire employees keeping the lights on now. I'm not surprised all of these projects are getting dropped, delayed and clients are feeling that pain.
You are right about one thing. Getting paid fair market value for the job you are doing. Fiserv pays roughly 30% less than almost all the companies its size for Systems Engineers, Security Engineers, and Software developers. You invest next to nothing into your employees development and next to nothing in benefits. Yeah this company is a joke when it comes to pay. Look at what you are doing with the cost of living "merit" increases. You withhold it from the employees. So they continue to have less-and-less buying power every two weeks.
It is really simple OFSV and OFD ended up being a reverse merger. JYAPUKE didn’t tell you the truth got canned and now your upset. I get it!
OFS whiners for sure. 100% in on the OFD approach for 1 simple reason. It works. These guys are pros
$350 by year end. Clear out the etg ITSM c––p and win Thank you Frank, you are what a real leader is
Guy, I thought I told you to get back to those outages! The clients are watching you post here and it is embarrassing for the company.
All you OFSV whiners and complainers have revealed yourselves as unable to deal with change of any magnitude. Get over it or take a hike and good luck at your next place where leadership will be less willing to listen to your silliness. How about learn to be an adult, have a perspective that no one owes you anything other than a fair days pay for a fair wage and if you don’t think it’s fair no one is holding you from leaving tomorrow. Real truth you can’t leave cause. O one wants to hire you. Truth hurts!
Yeah this company just takes employees for id–ts that are will to work for sh1t pay. You should consider all the money that was taken out of your pocket the past year, and funneled into a 2billion stock buyback. They could have taken a fraction of that buyback to keep all of the associate benefits. Now they are prolonging the merit increases, because they want their Q1 and Q2 numbers to look good for shareholders. You have seen the posts, they are focused on pushing Fiserv stock to $200-250.
"the company paid 7,000 essential workers a 25% pay premium as a show of of its appreciation"
The company didnt pay essential worked a premium as a show of appreciation.
Fiserv paid that to keep its overworked employees from quitting during a deadly pandemic.
And instead of using its cash-on-hand, it paid for it by taking our 401k matching!!!
It literally took money from hard-working employees to give to other employees and now you want a round of applause???
Then ask your trusted friend Frank to be the one who delivers the news about no merit increases. Stop prolonging the message. It isn’t helping with trust and employees are losing faith.
No great loss
This is true, had a conv with a colleague and the confusions about financial issues, merit increase and such, are real. Although my friend had a bright upside, the downside with staff departing is happening. Don't worry FData shills, the Fiserv people are heading for the door so you will be left with very very few "incompetant" people. Just give them time.
I literally know Frank and trust him. He will turn this thing around
Frank has set up the company for success y'all! My predictions:
- Diversity & inclusion will ramp up to the point where there is no available energy left in the universe to counteract the blatant insincerity of it
- Agile and "the messy middle" merchandise will be same-day shipped to all associates in a frantic attempt at restoring faith in failed company processes
- Outage frequency will be so extreme that clients will begin suing to recoup losses
- A pile of new processes will be added to Workday to ensure employees spend more time proving that work is getting done, as opposed to actually working
- The missing 401K match will continue to be funneled into the CEO's pocket as the company goes up in smoke
- The stock price will plummet at record velocity, resulting in a buyout
Get the stock up, get your bonus back. Stop posting and work
The agile coaches are your only hope to become productive.
Who got bonuses?!?!
I’m not thanking anyone who takes money from the real workers and puts it on nascar and hires a bunch of so called agile coaches who do nothing. Let me repeat, nothing but have made up meetings to push lame theories and do no real work. Other companies were NOT laying off people and didn’t take anything away from their associates.
Is that right? Where were your thanks when the company paid hundreds of millions of dollars in bonuses in a pandemic, becoming only one in ten FORTUNE 500 companies to do so. How about the fact that NOT ONE associate was furloughed or laid off due to the pandemic. How about your pride when the company paid 7,000 essential workers a 25% pay premium as a show of of its appreciation while you were sitting home playing with your dog!