Don't you love when a person who made $19,961,698 in total compensation says hey we gave you $500 bonus that should be enough for cost of living increase.
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I was a remote employee for 5 years and all remote employees were getting a $50 stipend per paycheck until about 3 years ago and now it's like $11 per paycheck. You can't even pay for internet with that bull***"!
We are laying off Aug 1st
The biggest problem is the same position I'm currently in is posted on indeed for way more than I make. So basically I could quit and get rehired at 10k (at least) more.
JZ never actually answered the question about cost of living raise. He said they will adjust as needed but then said we gave you $500 a few months ago, which after tax is roughly $250. $250 to adjust to food costing more than ever. Our own health insurance cost went up. JZ, says the well being of his employees is important but it's all talk. Stop saying, start showing your employees. Your employees work full time from their own homes. Saves money in the companies pocket no matter how you want to spin it. Share that savings with your employees. Remember we choose to work for you, so choose to pay your employees a fair salary.
If each Molina employee was given $1400 it would still be less than 1 year of JZ salary. Wow....
Joe has been talking about some version of salary adjustments for almost 5 years. As someone who has been casually interviewing I can say, with certainty, that Molina salaries (at least for many roles, and especially if you have grown within the company) are not "industry standard" nor "competitive". The 2-4% "merit increases" are pathetic and should be renamed as "cost of living"...when the best staff are getting 3% increases it should be no surprise that people are leaving for 20%+ pay increases.