Layoffs aside...this whole rto and how the company has handled things including comp is driving morales to the ground. I have never seen it this bad ever.
7 replies (most recent on top)
I’m just glad the people who think loyalty is worth being paid for as opposed to the quality of their work will be leaving. So many 20 year+ people in the bank who have learned to pretend to work but don’t actually keep up with the times or care about the success of the company. If you think you deserve more respect than the company you’re badmouthing, keep in mind if you’re posting here, it’s probably obvious what your feelings are at work too, not everyone says the negative things they see about people out loud.
Real estate and our real estate vendors are more important than our morale or our safety. They don’t care about us, attrition, nor do they value anything more than making money.
One of my B3 execs mentioned compensation increases (from internal transfers) have been restricted/lowered (plus 5%-10% max) even when switching bands. I think that was one factor when I was not selected for a B5 -> B4 role, due to asking for a 25% increase.
This is one of the primary reasons I've been interviewing externally to match compensation with current skill set, which CAN NOT be realized by an internal transfer. These external interviews have been entertaining ranges 30%-45% of my current base compensation.
Flexible WFH options is another reason.
@kpk+1cNUWgmo it's too early to tell comp #s this year. But nothing has changed since last year. It's still a covid year (with the exception of the bank sending folks back to the office).
My prediction is that last years #s are the new baseline. They knocked off 50% or more in some cases and you will have to work up from there. Reason being it's covid year...even though profits are fine.
With other bank and companies staying remote or even being remote permanently now boa really shows they don’t care about employees health. That alone lowers morale. Then add to it they bringing in new hires and paying them within 1-2$ per hour what employees with 20+ years of service make. Looks like they are trying to push dedicated employees out the door. It’s not rocket science. Take care of your employees and boost morale. Really take care of them. Not do it for a few months then do a complete 180.
I have seen it this bad. When the stock was down to $5-$8. What I have not seen this bad was a complete disregard for employee health and well being. So bad in a different sense.
What’s going on with comp? Are we getting screwed again next year on bonuses and salary?