New ish to the firm, just had my first year-end pay discussion. Talked about the bonus which I expected to discuss with how much they drive it home, what during my interviews and onboarding and even lately during YE performance reviews. What I did not expect however was seeing my salary will remain the same in 2023. I was told that while Fidelity might do market assessments and 75% of the firm might get an increase, I should expect a salary increase only every 2-3 years. Tf? Would have loved to have transparency on this during my interviews. Seems like the firm really bases their comp structure over this bonus system which may or may not be guaranteed, and you may or may not get a good individual % rating (regardless of your performance rating), and you may or may not ever get an excellent performer rating to up your pool.
This especially blows given they expect their workforce to increase their in-office time, adding to our expenses, commute time, mental health, and reducing overall job satisfaction.