Looks like I may fall into this category. I am in a non hub location as well. When the hub strategy kicks in next year, will I be eligible for severance or will they find a way to lay me off without severance for performance.
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The issue here is whether to "quietly quit" and wait for your severance or to just leave the chaos of the "firm". Your review from your facilitator (you shouldn't call them managers since most don't know anything about management) should not make a difference. Facilitators just use reviews to get you to do things -- work extra hours, bend over. Reviews are one of their sources of power. Remember they are more of a threat to terminate -- a process that I have not seen many facilitators make. They have to document why and then through all the HR processes. Ultimately they have to replace/rehire you. And they will probably have to replace you with one of those offshore positions. Now they have a disjointed team or worse.
The facilitator would rather put you on the layoff list where when called they get a lot more points than when the next layoff roundup comes along. As a quiet quitter, you need to realize your facilitator's condition. You need to consider your facilitator's benefits/costs in the "rank and yank" process. Going through the humiliation of a bad review should be looked at as just another cost in the cost/benefit analysis of being a "quiet quitter".
I didn't stick around to find out after 23 years and then being rated "Inconsistently Meets" by a manager who admitted she took direction from her boss under the threat that she would get in trouble if she didn't rate some of us low because they DO have a quota.
The spineless manager who decided this is the guy who runs Mortgage Credit Policy and he's a total A-hole. Anyways, don't worry about the severance. Do yourself a favor and go look for a new job like that IS your job. You'll be better off leaving rather than taking this BS and waiting for the axe.
It’s probably helpful to have. For the first time in 15 years I was rated “inconsistently meets” (lmao) at mid year this summer and got my axe the other month.
Fine by me. This is going to be the greatest Christmas season!
Everyone that is laid off gets severance. The only way you're not eligible is if they terminate you outside the layoff process for non-performance, but for mine and everyone I've talked to, we've all gotten the same exact severance package (60 days notice, 90 for NY/CA, 2 weeks pay per year of service, unused PTO paid out at end of 60 days, benefits through end of severance) regardless of what each of our respective reviews was.
I think marking people inconsistently or doesn't meet just makes it easier for them to do layoffs, but like I said: if you're laid off, you get the same package. It's only employees fired outside the layoff process that don't get anything, and it doesn't seem anybody is fired outside the layoff process anymore. A boss that wants to get rid of someone just marks them to be removed from within the process.
It's less paperwork to send a layoff through than to document a termination for cause.
You're eligible for severance and if your boss has to pick who to displace, you'll win!
You will not be eligible for severance.
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Agree. And while it’s been a few years since I’ve been a manager with direct reports, it is an arduously long process to terminate for performance. The bank would likely save money severing asap, depending on the persons length of service.
My best guess is that you will be layed off and get severance. That is much easier for the manager and less likely that you will file a lawsuit.
They prob rated you that just to justify letting you go next year. They will say you were a weak performer...do you see how awful they are yet!? Run. Find a new job fast. These are criminals you work for.
Nobody knows until it starts happening. Otherwise, it's all speculation