Thread regarding Charles Schwab Corp. layoffs

Raises

Did everyone else who is salaried get very poor raises? Schwab made record all time profits last year and we got short changed. Inflation is rising so much that now I feel like I’m making less even though our workloads are much higher. Now they are trying to get us to go back to the office because of all the banking panic. If they try to force that on me I’m gone.

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Post ID: @OP+1lGSUDMl

7 replies (most recent on top)

There were no “merit” increases for non salaried employees making less than 80k. Anybody making less than 80k received automatic 5% increase to make “salaries more in line with td”. You could have done absolutely bare minimum and your colleagues worked on 15 projects, if under 80k you all got 5%. Not complaining, but the 5 %should hv been classified differently than annual merit increase, then receive your standard 1- 3% merit increase. Again, not complaining as there is always distinct favoritism at annual reviews no matter how hard you work or great contributing ideas...the chosen 2 or 3 on a team always get more... enjoy while it lasts.. when conversions are done..so are you.

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Post ID: @9pmi+1lGSUDMl

Q: How to make a cow eat less and give more milk?
A: In order for a cow to eat less and give more milk, it must be fed less and milked more.

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Post ID: @5zgm+1lGSUDMl

Under Peter Crawford. According to my direct manager, my department received a flat 3.25%.
However, he did say those under $80k base did get more.

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Post ID: @3qqh+1lGSUDMl

Met expectations. Merit increase around 4.5%.

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Post ID: @2pjm+1lGSUDMl

Curious what area you're in that they are pushing RTO. I'm expecting this to happen, but nothing from my area yet.

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Post ID: @2pev+1lGSUDMl

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