Do they really think we believe the same s-b story year after year after year why merit increases will be “small”? Every year is the same bs story that the bucket managers were given is small and we should be understanding and grateful for job. I was even told, that Brian doesn’t get that big of an increase himself, he gets “only” 2 million. Time to look for better options
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Place was total sht, sht raises, sht bonuses, sht management, sht working conditions, so glad I left for more money to wfh full time with 15% bonuses!! There are better options out there!
Another record quarter for earnings announced today so the bucket should be full but we all know there will be some BS excuse to reduce it further than last year. I hope I'm wrong but I'm not keeping my fingers crossed. Before covid was getting approx. 16k on year end incentive (B5) and it's gone down substantially every year.
Most people left/leave WF for a reason
Come to Wells Fargo - the whole hierarchy is now BoA folks and so you get the culture plus not tiring work. Make the shift by reaching out to any of your colleagues who work in WF and high chances you will belong to the family again and not regret the minimal pay increase. Wells is a huge payer, provided you have the connects.
When a major bank's share price consistently plummets for the last two years, do you expect to see lots of major headlines in the news channels? Yes. Have we seen that slot bofa? No. All we see is buy recommendations. Brian knows how to manage the media.
Should anyone internally question the huge capital hole? Yes. Do they? No. How did Geoff allow the unrealistic investment in treasury bonds as a CRO without a proper outlook on the economy? Brian manages his directs well.
When the processes in the bank are poor and the employees repeatedly mention that in esat etc, do you normally expect to see regulators giving us hard time? Yes. But do they? No. Why? Because Brian manages the regulators well.
Brian also manages the government well by investing in all those treasury bonds. Responsible growth, wokery, lgbtq, communities etc - check'em all to take care of his next chapter probably running for the office. Why should he care about muppet employees like you and me who can't even find a similar job elsewhere? Wake up
Or a snack cart
Hey Bofa can I get an increase?
BofA: best we can do is a pizza party.
Unfortunately, BoA is one of the big boys on the Fed's chopping block. Get out now.
Because basic math is fun. Based on outstanding share count of @8billion and profit of @$25billion ... should the company chose to give each of their employees $1,000 the profit per share would plumet from @3.12 per share to 3.09. You're not work the 3 cents. That's how the company feels about you. They need to squeeze every bit of value out of you, flip it to obscene profits and pass it on to Brian and shareholders. You? Not so much.
Any remember the phrase "Inclusive Meritocracy"? It got disappeared around the time Brian took over. Brian cannot have you or anyone else taking a pie of his pie.
Remember, Brian makes $82,191.78 every day, seven days a week, 52 weeks a year. Pretty big bucket for some. Donofrio, Greener and Athanasia are a mere $56,604 every day. Those three poverty bound guys were making a meager $34,710/day in 2022. They got a $20,000/day raise.
But small bucket for the rest of you. Thanks Brian! Figure out why no one is motivated these days? Maybe no one likes working for selfish thieves?
I love small buckets
BAC @ $27.38 USD / -6.13 (-18.29%) year to date! Don't expect any raises or bonuses and you will not get disappointed.
YTD stock price for JPM Chase + 9.23%. For BAC - 17.76%. Our bucket has a leak.
They should be grateful that we stayed during / right before the pandemic when people were jumping ship left & right leaving the loyal employees to pull the weight only to be treated like garbage in the end
Our immediate leaders should be ashamed of themselves for their tolerance of this. But then again some of them have been used to abusing benefits, so they want to see it in everyone else.
I am so sick of Band 5's and below doing all the work and Band 4/3 getting all the credit, promotions, raises and bonuses. The Employee engagement survey is a joke.
While the hiring freeze is still in effect, I doubt anyone will see any good raise or bonuses. Well at least not the IC.
Folks, you must understand ... Only Brian and his chosen can make a living here. The rest of you can do with less and don't need COLA or merit increases.
Arbys never looks busy but they still make money
One of the greatest mysteries of all time
We work to make record profits & yet there isn't enough to go around
Another "mystery" from the land of capitalism
I feel like I work at Arby’s.
They have the meats/meats.
count me in for meets/meets
That increase this year put me over by $400 and now with the increase in health insurance I will be making less. You bet I will be meets/meets!
The best thing that can be done outside of unionizing or collective bargaining agreements is make it work for you & your family. Take the leave you need. Work at a meets/meets level. Stop sharing ideas and giving your intellectual property away for free. Read the bereavement policy as it stands and take the full amount of time for each 1st, 2nd 3rd cousin and friend that passes on. Specifically if a co-worker passes, that is definitely something to mourn & grieve. Use every single benefit, volunteer hour, corporate class, educational reimbursement and do it all with a big*ss smile on your face knowing that you got your bonus in the amazing benefits they advertise
If it's another cr-p year for pay with record profits someone needs to organize collective bargaining. Widespread "sick outs" across the company until pay agreements are met. Only difficulty would be organizing people together in such a large corporation.
Collective Bargaining Rights For Managers And Other Nonunionized Employees. Federal labor law protects more than just unionized employees. Employees who group together to address employment concerns or to pursue collective rights (such as pay rates or work conditions) are also protected.
When employees receive pay cuts after a record profit year, you know it's just going to keep getting worse...
Haha! What a joke this place is. Same sh** different year. I would suggest leaving, it is not going to get better.