How are the raise’s looking bankwide this year?
12 replies (most recent on top)
Layoff is the new bonus
We surely are a slowly sinking ship. Too big to fail, too backwards and inefficient to succeed. Look at the investment in Roman Regelman and Digital. How can we have zero to show for it in 4 years.
We’re likely to begin selling lines of business to Fintechs. We have to find something that we’re good at to survive but I don’t see it.
There’s not a lot of great technology at the Bank. We have late 1990s web portals and frustrated clients. We do have good redundancy thanks to greenfield but from a customer perspective we are 22 years out of date.
Senior Management doesn’t understand that but our customers certainly do. Just love how we cut way back on customer surveys but ramp up Peakon.
As always the raises are sub 1% for those over the midpoint. Change the way you think and find a new employer with a decent medical plan and a hefty raise.
I know of nobody who left and wound up worse off.
Nobody.
BNY is a sinking ship, no real growth and challenges on many fronts, heard some activist hedge fund is looking to shake things up, most probably it will be carved out and sold off in different pieces. Too many challenges for BNY right now
There’s a ton of great technology at the bank. And a lot of great engineers. The problem is with the folks who sit at the top who are scared as cats to enable the tech and empower the employees. We have to beg, borrow, and steal to get changes approved. When they are approved you’re under such a powerful microscope to execute, you only execute to the minimum. That’s technology at the bank.
"technology", what's that?
Raise and bonus pools both down at least 10% vs last year, at least in technology.
CRUMBS
Typical 1.5 percent. Over the years I learned to put zero effort into the reviews. They don’t matter and the departments are given an amount to divvy up between the team. They can usually give 1 exceeds expectations and have to give at least 1 below expectations.
And the military getting 4.6% for 2023 once latest bill passes, highest raise in 20 years
Compared to inflation, the industry, and even to social security? Not as good as any of those things…,…