Process is broken.
Meet expectations, sh-t incentive and no merit. Somehow, expect me to put extra effort in 2025? 2 years in a row, same BS.
Right, keep waiting for my extra effort.
14 replies (most recent on top)
I’m a manager and my merit was less than my direct reports.
Your issues are obvious. What a negative Nelly…
From the sound of it you’re making yourself visible for all of the wrong reasons.
I forgot to add: But we have free Starbucks coffee!!!!
@Show me the money
20% with my team. 10% for meet.
Go ask the Analysts you're incentizing and giving merit, to do the work. You will get from me the zero, equal to the merit you gave me.
This Bank has gone to sh-t
BK trading on Jan 17, 2005 - 83.29 (hit 52 wk high 83.67 today).
The reward for cutting down the employee expenses
Same....40+ years in this place and my first zero raise. 35 years ago I was on corrective action and STILL got a raise.
There is just no incentive to do anything beyond the bare minimum anymore.
To add insult to injury, while most wont get merit or even bonuses, they had the audacity to give all their analysts who just started in august (approx 400 of them) $2500 bonuses. They're literally in training still and the worst, most lazy individuals I've ever had to deal with.
TS - The manager gave BS, the first time I got 0 merit increases in my career. What a joke.
11 %
Treasury Services is all over the place. It’s a mess. Some got 20 percent (typically younger, inexperienced, less than 5 years with the company) while making no real contribution.
Others (tenured employees, SMEs, heavily relied upon for complex projects) got 2 percent while performing multiple jobs.
Last year bonus + (0% to 50%) of last year bonus
Out of interest, what bonus amount are people getting for 'exceeds expectations'?