Colleen Canny sent out an email today saying “we are increasing base pay for more than half of our branch employees”. Does anybody have more details on this? What positions does this apply to? What much is the increase of base pay?
Thank you,
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So yoe and position only? No incentive to be high performing? Sounds like a union to me.
It’s based on either mid year reviews or last end of years. I’m still unsure which one. Then your tenure with the company. Getting meets is the basic requirement and after that’s met the raise increases percentages based on the number of years you’ve been with the company. It applies for tellers, bankers, branch operating managers branch operating coordinators, and associate branch managers. Nothing for branch managers or relationships bankers.
I thought they were going to a no teller all AI based branch model, why would AI need a rasie?
They increased wages for tellers and bankers at my location. Some tellers went from $20 to $22 per hour. Bankers to $23. Licensed bankers and managers had no increase here.
Looks like the threat of a union is getting to them
Cut branches in half and increase pay by 10% seems to be a good strategy as long as high performers are retained