I spoke to someone who survived the most recent layoff and he said he had his biggest raise in years.
You’re welcome
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I checked emails and there was no critical role gets more STI email, like other poster mentioned.
“ Does anyone not read the emails that HR sends out??”
I’m sure plenty don’t and I don’t blame them. Just to be sure I went back and there was no mention in any different amounts in the same band in any RSU or stock together emails or the brochure. In reading it they mention job level, work location, and scheduled hours being factors.
Maybe managers of those retainees and people who they want to attract and retain got an email telling them why they got extra. It would seem since they don’t want to attract or retain me maybe they decided they didnt want to rub it in.
The stock together increases this year for some employees have nothing to do with performance. They are based on what Vz considers to be critical roles for which they want to attract and retain employees. So they are based on role and nothing else. Does anyone not read the emails that HR sends out??
Stock Together IS Long Term Incentive (LTI) Go look up the definition of RSU. Stock Together is just the Vz term they called LTI for employees below band five. Vests the same as the RSUs given to the executives. Only the amounts differ.
Ok so if your RSU grant for 2023 was higher than 2022 and prior did you get a leading? I have been seeing 50% and 100% increases reported as well as people who got the same as last year such as myself with a performing.
Stock together is stock together not LTI. LTI is a separate thing that exists.
If this was the employees third year where they only had two grants going then they’d have the first of last years and second of the year before paying out.
Of course me being in a low band the rsus are rather worthless I miss the annual couple percent into my 401k.
@lnk+1lcQBnke you must not work for Vz. Long term incentives (RSUs) were implemented for every employee in 2020. In fact this year is the first year that 3/3rds will be payable at once.
The only thing making me think hard about leaving is losing my vacation time starting over somewhere else.
Was it doubled because you had 1/3rd of two grants paying out or because they doubled your 2023 grant payable in the future.
LTI = Stock Together. They went up and for some, doubled.
I got a raise. Bonus. And to keep up w the competitive market , my yeary stock options or whatever they are called where doubled. Believe it or not, I could careless but I was shocked.
More proof HR shills troll this site.
LTIs? Only directors and above get LTI. Glad to hear they got a bump.
Lol average 4% pay raise while inflation is around 8%, nice pay raise. Thank you/s
That is the incentive for the people who end up not being cut. Verizon pays well and if you survive, you will do well. The recent bump ups in LTI coupled with the nice BPI increase (on average 4 to 4.5%) will make some people think real hard about leaving.