Thread regarding Bank of America layoffs

Retention Bonus

Just got offer $60k to stay 2 years, payable half next year and rest year after that. Different from annual bonus.

I'm hearing annual bonuses will be less, can anyone confirm what the are seeing in terms of how it's being distributed?

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Post ID: @OP+1dypfk7o

14 replies (most recent on top)

What is your band level?

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Post ID: @6bsv+1dypfk7o

Did they have reason to believe you are a flight risk? Do you have a specific skill not easily replaced?
Congrats on the bonus!

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Post ID: @glv+1dypfk7o

To the OP, curious what Band you are.

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Post ID: @kim+1dypfk7o

Even more frustrated. Haven’t received this offer and in the know that bonus will be lower.

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Post ID: @nlc+1dypfk7o

Interesting... attrition must be worse than they said at the earnings town hall. Lol!

Or maybe new way to do bonuses...

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Post ID: @eoy+1dypfk7o

so ummmmm just who did you talk with to get that "retention bonus" was is just offer by your LOB? Is that for anyone within the Co or can a low totem schmuck like me get access to that?

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Post ID: @ygj+1dypfk7o

Heard the same by someone in Payments but they got $40k vested over 2 years.

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Post ID: @eyn+1dypfk7o

@pyp+1dypfk7o

Actually, it has everything to do with vaxx. The world is changing. You will be required to be fully vaccinated to maintain employment. They will offer the best incentives (raises, bonuses, perks) to those who are towing the line (the vaxxed). What possibly do you not grasp about this? Get with the times, 2022 is fast approaching and if you think the world is going to allow you to work unvaccinated among the fully vaccinated, you are in la la land.

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Post ID: @ymp+1dypfk7o

has nothing to do w/ vax, for the love of god you troll

all your desperation does is assure people will not agree to more shots. you understand that, no?

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Post ID: @pyp+1dypfk7o

What LOB is this?

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Post ID: @ihg+1dypfk7o

Tell them you’ll stay on board with a $200k retention bonus. If they can afford $60k, they can afford $200k. Get $120k paid now and the other $80k next year.

They want you, so you should be calling the shots here.

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Post ID: @djx+1dypfk7o

I told ya, they are going to reward the vaccinated.

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Post ID: @ksm+1dypfk7o

Take the money and run.

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Post ID: @kni+1dypfk7o

so that they have 2 years to find your replacement

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Post ID: @phv+1dypfk7o

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