So any word on EOY financials?
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Horrible merit increases! Worst I’ve ever gotten!
Was told 2-3% increase in salary and exceeds is 2-3% bonus. Meets gets nothing for bonus.
Any update on the current scuttle-butt? Guess-timate for date(s) managers will begin to let us know our number?
Pools down, flat, up by group?
What date does the Board's Comp Committee meet this year to approve the "plan" and BTM + cronies (aka Fleet Boston Mafia) payouts?
Any intel?
They blame it on expenses
Flat
Pools are down for us because they are busy stuffing their own pockets.
Bonus pools are down with no real explanation why. Majority of big banks are up pretty strongly this year
Merit and bonus pool is down for my group in tech.
Bonuses and raises are definitely not up. In our area, band 4s who are meets/meets are seeing at worst a 10% decline in bonus with no salary increase. Some of the better performing band 4s or lower salary in range are staying flat in bonus but still no raise. Only exceeds are seeing bonus go up by 5% to 10% with raises around 4%. This is pay for performance but it’s hard with inflation telling most employees their pay is going down YoY.
Two contradicting responses back to back. Lol.
Bonus / Salary / RSUs pools are up by 12% for Band 3 & above, 7% for B4s, 1% for B5s, sorry for B6 and below
Bonus pools down approximately 7% across all LOBs. Not sure how they’ll justify that one this year given earnings, stock price and overall market/street.