It is impossible to manage an organization the way BofA is managed and expect employees to continue to do their best. I used to be frustrated by those who pretend to work or who only do the bare minimum, but now I totally understand them. Perhaps the management should finally ask themselves why the majority are more occupied with looking for other opportunities than with their work here. Isn't it about time they do so?
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What’s funny is, they’ll give huge pay raises if you get a new role, even if it’s less interesting to you, but almost nothing even if you get the double exceeds and bust your bu-t to kiss your boss’s a-s. They’ll even pay the new person who takes your old spot the same raise you had to change roles to get, since they will never give you a decent raise no matter how great you are unless you move on.
So you’re punished for staying in a role you’ve mastered vs starting one you and your replacement have to now learn from scratch and likely take awhile to get up to speed. Then once you master that one, you then have to switch roles again to get a rational paycheck since anything under a 10% yearly raise is below inflation and technically it’s a drop in pay.
Explain how that makes sense. Global Tech needs to be dismantled from the top to the bottom and rebuilt with a better design.
So some people are better, harder workers than others? And BofA has a lot of both sorts? Who would have guessed.
I agree. It seems like upper management does not bother in engaging an underperforming employee. They know who to target so they can get the job done quickly. And if your a Meets/Meets, on time, always there; then your the target. My last company, where outsourcing is the norm; any back-office tasked was KT'ed to a cluster of folks overseas... It was called "The Fear of the Consequence.".. HR knows firing a US employee is very complicated and expensive; especially if there is a court case. As a manager; you have to log and audit every action during a Performance Improvement Process guidelines for 1st and 2nd warnings.
The bank used to be comp well based on based on the value of the contribution of the employee. Now a super star will get a small fraction compared to a low performer even recieved years ago.
This place sucks. I left and will never return.
Not sure how anyone can be happy with themselves (looking in the mirror) if they truly only do the bare minimum, but I agree this place really beats any sort of motivation out of us. It's a struggle...
I have said this repeatedly on this board that BOA doesn't gives a rats azz about you mutherfuhkers. That blockhead CEO BM only cares about his 30 plus million salary. Please just half azz your job until you find something better. This is the WORST company I have ever been associated with. I already have several job offers and can't wait to get from this shlithole. The low a-s pay raise and the fuhking RTO in the middle of a pandemic just shows how much this blockhead CEO CARES ABOUT US!!!
Year 1, I busted my a$$. Realized by year 2 there was no point. The bank does not reward Based on hard work or work ethic.