Wondering if you have heard of any potential of opening up the 3-7% wage adjustment to the $100k-$250k band? Beginning to look due to COL increasing and my pay didn’t move.
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I welcome more people leaving CA. Enjoy your new state and don’t look back.
@3daa+1hgsyfoD I don't think he's bitter dude, CA is by far the worst state lol. I left. Soooooo glad I did. Wish I'd left a decade earlier!
Filled up gas tank in charlotte yesterday for $4.49 a gallon.....
Gas is up 4x from 2020? Is it over $8 in Charlotte?
@1icl+1hgsyfoD is bitter that he can’t afford California
Was told to use the “speak Up” thing on advice from mgr. Hinted that people were listening to these comments.
@1icl+1hgsyfoD - who are you to say we should leave California. F u.
The 3-7% wage increase for workers making under 100,000/yr. is just a political/media play and it’s infuriating. It’s also not the only thing that is maddening.
Suddenly someone who makes 105,000/yr. doesn’t face the same difficulties as someone that makes 98,000/yr.?
It’s madness.
The Bank has been making really d-mb moves all around.
“We had a record year”.
Can’t find one person who had a “record” performance based bonus in my org (software), and we built PPP in 2020. Digital WAS the Bank during the pandemic and honestly still is. Anyone I talked to got the same bonus or worse, and we all know what happened with the restricted unit shares…
The only person with a “record” bonus was BM.
As mentioned previously, they cut the restricted stock shares awarded and had the nerve to say it’s because the price of the stock is high. Same dollar value. How’s that working out 6 months later?
Beyond that, the Charlotte market where the company is headquartered has one of the worst inflation rates in the country. Articles I read put the figures at 15.1%.
Forcing people back into the office with gas prices 4x what they were when people started working from home.
Maybe they are hoping people quit or find another job, so that they don’t have to take a media blow for laying off a significant portion of the workforce?
We are bleeding people and knowledge.
@1hiw+1hgsyfoD Thanks for the lecture but you are totally missing the point of the OP. It's not about whether we can afford the things we opted to get ourselves into, it's the fact that the bank is rewarding a subset of associates and excluding a subset, arbitrarily. They quoted as saying, "Our goal is to inspire and reward teammates as your tenure and impact grow over time."
So I ask you, where does this NOT include associates who make more than 100K? Last I checked, those making more than 100k actually (in most cases) worked pretty hard to get to that level, so why are they being excluded? Are they immune to inflation? Are they immune to rising prices?
It's not a question, thanks for your pointless rant, about spending, it's about fairness and equal compensation.
I think the plasma comment was a joke
Laugh all you want, I'm somehow a lower earner but you are the ones worried, selling plasma.
Ehh, whatever. Good luck to all. I'll go take the rest of the day and maybe go fishing.
Lol at the frugal post. OP probably values their time a little higher than you do.
People forget you are selling your labor to the bank, why sell for for less when you can get more somewhere else.
You appeal to the extremes too much. I don't eat ramen 3x a day, my budget for food is 600-800 per month. This is more than enough, I literally never "not buy something" that I want to eat.
I didnt defend CEO's and their salaries at all.
What I am saying is you are angry about your position, but your choices are "keep being broke" or "change something". You seem to want to "keep being broke" because you're angry at the system but we all know changing the system is basically impossible. Feel free to try. I took the path of least resistance and am frugal.
Also, your comment "Um it stinks that you don’t make 100k" is.. hilarious to me. I make less than you but am clearly wealthier. It doesnt stink at all in my eyes. My life is fabulous.
Finally, areas where cr-p homes cost 1MM. Like California. Not even joking, leave. They are terrible politically, their taxes are insane, the poverty is insane. I visited los angeles a year ago, and I left early. Its a joke. I dont know why anyone would stay. Literally homeless everywhere, and every house on that street filled with homeless was a million bucks. I looked into income tax there, and I laugh as they collect something like 8%, and then 1.25% property tax, bringing their total tax to be double Texas', but the neighborhoods look like a warzone.
Again, you're angry at the system, but you do nothing to fix your situation. Fix the system, and if you can't, then at least fix your own situation. I would love for the system to not be as uneven, but I can't fix it. I know that my life will be fabulous if I don't buy a mercedes though, and just drive the same car for 15 years.
Um it stinks that you don’t make 100k and it’s seems you’re on the older end of the spectrum. It’s also unnerving that you’re making all these shortcuts and concessions because the CEOs are taking all of your wealth. In the 50s, 60s, 70s a family of four could live well off of one salary. Take vacations, hire someone to mow that lawn, have two new cars etc.
The worst part is that you’ve somehow been brainwashed into thinking this comes down to personal financial irresponsibility instead of the fact that wages have stagnated while cost of living has skyrocketed, cost of homes have skyrocketed and CEO compensation has skyrocketed.
People living in places where a c rap home costs $1mm can’t get by on $100k, I think that’s the part you’re really not understanding.
So yes, I downvoted you because while you’re championing the fact that you’re able to make due with living frugally, the fact is, it’s the middle class and working poor that always have to go without and live frugally so that the oligarchs can buy their 5th yacht.
Socialism for the rich but not for the poor. Tax breaks, government bailouts, ppp loans, interest free loans in the trillions, you name it the rich get it.
But sure, blame the rest of us for not scrimping and eating ramen 3x a week, and having zero enjoyment all while we’re toiling away and giving our life’s blood to make the rich richer.
Guys, I'm gonna be honest here. Lets run a hypothetical. This is not my situation, but close enough.
Two earners, one earning 100K, one earning 50K, in Dallas area. Net of 120K, this is ten grand a month. A 3/2 house costs 300K. Payment of 2k. Did I buy for less than this? YOU BET I DID, long time ago. But have I ever flipped this house into a bigger mortgage for a house with a gameroom? No. Can a house for 300 still be found? You bet. Will it need some work? Yep. Mine did too.
Gasoline cost right now of 600 / month. Food of another 600. Utilities of another 500. Blow money of another 2k. Yes, TWO GRAND of random wi--y nilly money.
You still have 4k left over. If you had a kid, childcare is not 4k/month, its at most 2k/month, and that still leaves another 24k/year.
Your problems are created by you -- you stretch for that 500K house, two story with a gameroom. You stretch for that gas guzzler SUV, or that new 50K sports car with a 800 payment. Buy your teslas. You stretch because you dream of wealth, rather than learn of the poverty that happened in every recession every ten years and avoid it in the future. You buy your brand name everything because you only deserve the best. Date night 3x a week at the movie theater at $80 a pop.
Should 100K+ earners get something? YES, absolutely. This isn't fair for the middle class to pay for everyone else as always. HOWEVER... take some personal responsibility for once too.
I've lived the frugal lifestyle for about 20 years and I dont drive a nice car (they are both ten years old) and my house is kinda old and basic and I don't make 100K (combined we do), and I repair my house myself and I mow the grass myself and I change the oil myself, we have the high deductible health plan... but I'm fine. And I dont make 100K. If I get laid off, I'm gonna take a year vacation. She and I will travel a bit.
Sorry yall, I dont feel too sorry for you. If you make 10k/month between two people and you can't make ends meet, you're making mistakes.
I know I will get downvotes because this isn't the popular perspective and it feels like I'm against you, but again, I'm an average joe, making less than all of you. One single one of you makes what she and I make combined.
No, you don't fit the narrative for good media and publicity!
I had to cut back on dr-gs :(
The Bank is so off with the 100K-150K salaries that I’m interviewing for an analyst role at another company that pays 30% more than my Band 4 “manager” job at the Bank. And if I get it, I’m getting the h$ll out of dodge
Does anybody know the going rate for selling plasma? Asking for a friend.
Starting to look for items people are giving away free so I can sell them.
People in this band are the bones of the bank. I Own my home and mortgaged out the a$$ due to the extreme cost of living, I have no other debt, only the bare essentials. I buy used clothes for my kids off other mothers and nothing for myself. No vacations just staycation. Go to the movies? No just YouTube. Struggling with the basics such as food, clothing and housing. I don’t eat out, I’m struggling with groceries. Every single purchase I ask myself, is this truly necessary? Can I avoid the purchase? Yet the bank constantly gives away money. Pay the people!
I’m too poor for needed surgery (out of pocket expenses).
Housing takes one entire paycheck with no room for retirement contributions. That was the least expensive house on the market. I’m stressed.
I buy nothing for myself, I swear I look homeless half the time.
Nah...we are too rich!! but my kids actually will qualify for free lunch next year
I haven't heard a thing. If Brian got a $7,000,000 raise, maybe 5% won't break the bank.