Is it stack ratings such that at least someone in each group must be the low score?
16 replies (most recent on top)
Bottom line. Bonuses at Citi are horrible compared go other banks, UNLESS you are an executive OR your manager has a rigid towards you.
One year my team got the message “there are no bonus’s this year or raises. Noone gets one. You are all ranked a 3 regardless of what you’ve accomplished”.
Needless to say that set the tone for the next year going forward. Just work hard enough to keep from getting fired. No more, no less.
It all depends. If your role is a BAU or “business as usual” in other words you’re in an operational role that just keeps the lights on, your rewards will be minimal. If your role makes money, then your rewards will be average to less than average of everywhere else. Regardless, don’t expect your rewards to be better than anywhere else. At best it’ll be the same if you’re lucky.
Meh…you can rank as the top person for your group, that does not mean you will be rewarded comparably. You’re the top guy for our group, congrats, here’s your 1K bonus for which after taxes is a big whopping $700 bucks. Well done for your long hours you put in and oh, don’t forget your 1% raise.
Its really chill and less fake and a time waster like it is at other banks. You do your self eval and then the boss does one too. No need to ask feedback from other colleagues. I had great monthly 1 2 1 s during the year so no surprises at year end.
There is a direct correlation between your bonus and not just YOUR performance BUT ALSO the company performance, which to be honest is nothing new. Given that, compare Citi performance vs. other banks.
If both your’s and the company’s performance is good, then so should your bonus be good.
If your performance is good and the company’s is NOT, then your bonus will be null.
You have to ask yourself, how does Citi measure against other banks.
Run. Run fast, run far. Just run.
Twice a year you write and submit how and why you are the greatest.
Performance reviews in my group are a complete waste of time.
Your direct manager has little say in the pool of money for your team, some people who do not know you that well will decide if you are worthy of a raise.
Like others have said, getting rated a 4 is a good you can rarely climb out of. Being rated a 1, 2, or 3 keeps you safe for the year.
No consequences unless you rank a 4. A 4 gets you out the door. Perform at the bare minimum get yourself a 3 and you’ll be ok.
If you got 4 in leadership which means basically you relationship with your boss, you dead and wait for the severance pay, if you have any
Hi, your check is going to be lower and lower if you are not friend of your manager. You got to care. Be friend of a bigger boss or become a super star, otherwise get the severance package. Believe me, no chance for non friends in citi. They will hire another one who do not even know how to use excel to replace you
Hi, The lowest performance means your manager do not like you, neither the bigger boss. Better to go another place or your life is miserable until you quit. Listen, all politics and relationship. You know yourself if you can do it
No worry as long as your hiring manage still in, he/ she covers you. If you got lucky, he/ she got promoted, you are in the list. But if you are not lucky, he/ she got fired, your career not bright. You go with winner but it s your choice to choose a winner to be your boss/ friend. If you are. Or socializing, go to another company. You thank my comment after
Are there any consequences with being the lowest? Low raise? Next on the layoff list? Joining a small team so have fear I will be the default sacrificial lamb every time.
Yes someone must be the lowest doesn’t matter how good you are at your job. In my group Im the only person with an advanced degree and actual experience in the field yet I always get ranked the lowest as Im not my managers friend and haven’t been at Citi as long as my colleagues. Im not complaining and I don’t care. As long as my checks clears on pay day Im fine with my low ranking.