In order to minimize severance pay, are managers incentivized to make work difficult for those employees that they want to lay off?
If so, can lawsuits be brought against them for fraud or something? I think this could be a breach of employment agreement, etc.
all is bs, all i know is that if you kiss their royal heighny you wont be on the layoff list
When given a severance package, does the cost/ pay come out of the cost center where the associate worked or is there a different bank level cc that covers that expense?
In GT&O Managers have to prioritize their Associates, based upon best performer to least performer. This doesn't mean that their reviews are bad, it is just a list of who could be laid off and in which order. Managers are sometimes caught by surprise on when one of their staff is let go.
Not incentivized at all. As someone else said, if you’re a weak performer or a good performer but a royal pain in the a$$ you’ll be added to the list first.
Some managers tend to be intimidated by competent, productive employees, viewing them as a threat. Any employees with brains and skill can have a target on their back. There is rampant but subtle age discrimination once you hit your late 40s, early 50s.
Agree with @ZmqqaSF-owh, I am a high manager at Bank of America and have done many, many layoffs. You get nothing for getting rid of the so called "problem children". Letting them go in a layoff, or pushing them to quit is what the bank wants. They care about no one here. Everyone will have a turn.
I have a close friend that worked for BOA for many years in a decently high position & no, they're not incentivized financially but they are encouraged to make life a living he'll for the targeted soul. It's mostly to get rid of them without a big focus on the unemployment piece. It's to drive the employee away.
Managers know who their best and worst people are and they regularly provide names of potential lay-off candidates to middle management when asked.
If someone is already the lowest performer on a team, a manager doesn’t have to do anything to make anyone else’s job worse. It all just works out.