Thread regarding Verizon Communications Inc. layoffs

Let's Discuss Verizon 2022 Raises and Bonuses (January 2022)

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| 5231 views | | 19 replies (last )
Post ID: @OP+1eKty1nG

19 replies (most recent on top)

It's a joke this year also. I am quitting

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Post ID: @Akpo+1eKty1nG

There’s a lot of negativity. I would expect STI to be at the very least 95%.

While the Fios business saw TV drops we are see increases your on data units. On my side of the on VCG we had 38% growth.

From meetings we had with senior leadership we expect to be near 100% STI. We meet our opex goals for cost reductions and increased revenue. While C band is a major cost it’s also capital growth potential so debt is good and means we need to add products and services.

Regarding base pay haven’t heard anything in inflation adjustment. Our HR mentioned they where reassign turtles, pay and market but I personally did not see any change besides tittle.

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Post ID: @plgv+1eKty1nG

The STI graphs were yellow YTD in the 3rd quarter.
The 5G debacle (45.5 billion invested).
Stock was down 11.5% in 2021.
This years STI and BPI will be low.

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Post ID: @9nuv+1eKty1nG

Did the corporate tax cut end this year? If it did, that would affect the bonuses for the worse. Prior to the corporate tax cut, we only got 70-80% of the bonus. After the tax cut, it was over 100%.

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Post ID: @8fgo+1eKty1nG

I guess we’ll have to see what the forecast is on the next earning call next week. So even if we meet our numbers I don’t see big raises. If we miss numbers expect huge rifs and 2.5 % increases

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Post ID: @2jbf+1eKty1nG

Management employee in NY metro area. I got a 3.5% pay increase every year for the past 5 years. Given inflation is out of control, this years pay increase should be > 5%.

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Post ID: @2knl+1eKty1nG

The company doesn't even want to give us the raises that were agreed to in contracts, forget about an inflation raise. THEY DON'T CARE ABOUT ANY OF US. If left upto them, for all of what we do, with them adding new jobs on top of the many jobs that we're doing already, they'd pay us minimum wage if they could.

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Post ID: @2jml+1eKty1nG

VCG said they are not going to adjust for inflation because other companies are not doing so.
I expect worst from GTNS

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Post ID: @1jbj+1eKty1nG

We will follow Google's lead and offer the standard base pay increase for most, while providing crazy raises for the executives.

If some of the portions leave, so what? It will only allow VZ to bring in lower paid starting salaries.

They're going to pay for the C band off of our backs.

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Post ID: @1ggk+1eKty1nG

They will have plenty of money from reduced salaries of the Q4, RIF folks, and saying that the probability will be under 4% as an average. The company is hard pressed for money to pay for the 5G roll out.

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Post ID: @1qpn+1eKty1nG

I don't think they will adjust for inflation. I expect raises this year to follow the same pattern as years past. I expect this will be the worst STI in a long time though.

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Post ID: @1gwn+1eKty1nG

I don't think the (BPI) Base Pay Increase budget pool will factor in inflation at all. The market based salary ranges will be adjusted upwards for certain high demand technical job families/titles. Also, any management person who was approved to work at home will move to the lowest geographical range within their job family/title. The BPI is based on your job performance rating and where your current salary is in range. My guess is the BPI will be budgeted at 3%.

The company (STI) Short Term Incentive award has been very generous the last few years, but not this year. My guess is the STI factor will be 85%-90% depending on your business unit. The STI award ranges are performance based.

The new profit sharing plan will be on the low end.

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Post ID: @1bzf+1eKty1nG

If your vax'd it's a minimum of 15% raise this year. Non-vax, off payroll in March before your bonus. Lol.

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Post ID: @1xzr+1eKty1nG

I got a 7% raise. I work in wireless.

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Post ID: @zsg+1eKty1nG

If they don't give decent raises the turn over is going to get even worse. It's funny we have these monthly trainings on how to deal with irate customers. New hire turnover is insanely high. I don't blame them though. From the job listing, training to hitting the floor is each it's own different type of job.

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Post ID: @vry+1eKty1nG

I am hoping they will at least adjust for inflation.

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Post ID: @hem+1eKty1nG

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