Instead of them just keep piling more work on us, maybe the management should finally pay some attention to resource planning. It is impossible to overwhelm employees this much and expect them not to leave. I don't think of myself as someone... — read more
How many of you will have to work tomorrow?
And any other Saturday, other than MAYBE holidays?
Compile a list of benefits reduced or taken away since the merge.
Pension - gone 401k match reduced to 50% for contribution % 6 & 7 Match now only done yearly. work hours increased to 40 hours w/o add’l comp. Please add as it’s been a constant reduction every year.
So this 10 share thing is just a hail Mary publicity stunt, right?
10 shares is worth like 450$. For a few months, you could save that much on taxes by just putting more in your 401K and if you really wanted, put more allocated to BK stock. What was probably given up to make this 10 shares gift happen was probably... — read more
We need Elon Musk !
And we need him right now to take over and fix this place !
Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work.
A violinist played for 45 minutes in the New York subway. A handful of people stopped, a couple clapped, and the violinist raised about $30 in tips. No one knew this, but the violinist was Joshua Bell, one of the best musicians in the world. In... — read more
CEO webcast
What a bunch of BS & fluff I see they are back to constantly saying “act like an owner”. & what a disingenuous response to reducing our retirement benefits. Just vague statements & awknoledgement that it’s to keep people from leaving - however a... — read more
Isn't it shocking that so many people want to be laid off?
I am surprised by how many people openly say that they would like to be laid off. Perhaps the leadership should finally pay some attention to this trend, but I doubt it will happen. It is obvious that BNY Mellon is no longer the workplace it used... — read more
Mental Health
The right place to work if you are looking for mental health issues. I have never really believed in this kind of thing to be honest until I got to work at BNY in Wexford. It is insane how much pressure they put on you, very poor training, people are... — read more
Let's pretend we couldn't see it coming...again...
In May 2020 I posted an article in the Higher Education Inquirer on the last economic downturn. It was the 27th downturn in US history. Remarkably, few could see that downturn coming, a result of the covid pandemic. More than a million people died... — read more
PeaCock Survey Thread
You can type them here. No one will read them anyways.
I'm disappointed
I joined BNYM a year ago, and I was so excited to start. It was my second job, and I thought it would be an amazing experience. I'm not sure what happened; the last year has been a whirlwind of disappointment and fear. I'm so confused about what's... — read more
I am hearing-from many people-that 1/9/2023 is layoff doomsday
No fear mongering or trying to stir the pot- just "keeping it real." I have heard from quite a few people that 1/9/23 will be a layoff bloodbath. Recession and Covid/flu/RSV factors, as well.
WOW points inquiry
I want a new laptop or TV for WOWS points that I never used before the pandemic. Did I forfeit those WOW points or can I still redeem it. Not enough money given to me in the role this will help. Will elevate my mood due to this 'drama' and 'stress'... — read more
Who is D&A? What do they do?
During my year-end review, I was told repeatedly how it was "a difficult year for D&A" with "many changes to come". I inferred this was bad for me but not sure what team this is. Is this the database infrastructure squad? I asked my manager but he... — read more
EP as CEO asset servicing. What did they mean by this?
ASD as a LOB continues to get more bloated.
Raises
How are the raise’s looking bankwide this year?
Layoffs and bonuses
I am not asking for speculation here, so if you don’t have absolute confidence in your statement, don’t make it, please. Used to be, if an employee was laid off during the year, they would still receive a bonus the following year. It wasn’t usually... — read more
Rumor is Roman is getting the boot early 2023!
It’s about time they replace him with someone that employees actually respect
It's nothing more than a paycheck
I find it fascinating that managers expect me to care beyond a paycheck. How can they expect that considering how treated we are? What motivates us to go beyond our job description? It is increasingly clear to me that mgmt is... — read more
Promotions to MD: 10 out of 61 are from Asset Servicing. Is this normal/expected?
The only other group which has more is Technology, and they are considerably larger. Also, some of the promoted staff appear to have been with the bank for only a year or so…
My Benefit Wallet
Has anyone else had a problem with MYBenefitWallet not sending them a debit card or taking for ever to process an online transaction to pay medical bills? BNY Mellon only the best for its employees...ugh!
Cuts to our benefits will drive away all remaining talented employees
I have only two options, which is to take real action and go somewhere else or to continue venting while I try go guess what BNY Mellon will take away from us next time. What do you think, will they continue to cut our benefits? Now I have no... — read more
Retaliatory Quiet Quitting
Financial service workers aren’t organized, but they have other powerful ways of expressing dissatisfaction, ‘quiet quitting’ among them. When a corporation finds cheap labor, it’s called ‘good business.’ When an employee gives less but is paid... — read more
Pershing needs to get its house in order
Pershing has some serious issues, the first being they have driven the talented people away and all the average to low performers stay. If you are actually a good employee some leaders feel threatened by you. The culture of just rewarding “the... — read more
Reality Check
FULL DISCLOSURE - I am no longer employed by BNYM and I do not care about downvotes. With that in mind, most of you that still work there and frequent this board to complain will still work there at this time next year. The specifics of those... — read more
Peaking survey
So they continue to put out the stupid peaking surveys…. Claiming that they want our input. I seriously doubt most employees asked for reduced 401(k) benefits, pending layoffs, and mandatory three days a week in office. Funny how this reduction in... — read more
RTO 3 day requirement
Hani Kablawi reiterating the minimum 2-3 days in office really means 3 days minimum on the EMEA town hall this morning
401k match will be received the following year!
Email just went out about 401k matches being distributed the following year, end of first quarter for the prior year starting Jan 2023. Just when you think you’ve seen every way they can sc--w you….think again.
2023 - It’s Going to be a Challenging Year
All signs point to stress in the financial markets hiring will come to a standstill with the exception of key positions. It’s foreseen that layoffs will dominate, which will in tern have a domino effect on adding further stress to the financial... — read more
Let go of the loyalty trap
For some reason, there are people who have decided to remain loyal to this place. Isn't it actually surprising how many are still here out of loyalty even though it is not rewarded through some special work opportunities? Maybe it used to be... — read more
Our business model
It seems that our business model is failing again. I remember when we were told when rates rise, we will be golden. Not really seeing that. I also remember when J. Carter Bacot did not want to invest outside of the US. Now we are heavily... — read more
Layoffs?
Layoffs used to happen after Thanksgiving. Does anybody know what’s happening this year?
Bank of New York Mellon Layoffs 2023
Anyone would care to chime in with a prediction about potential Bank of New York Mellon layoffs? Any chatter, news or rumors?
Nataile Sutherland Doesn't Get it
No communications experience, running communications and marketing. Guess which side is floundering? Many communications people have left. All the re-staffing happens on the marketing side. She's a nightmare!
Roman Regelman thinks country code formats in the corporate directory are important
Why would the head of digital make such a fuss about about the format of country codes in the corporate directory? No one calls the desk numbers anymore. The phones (that no one logs into) on the desks are going to be removed. We only call on Teams... — read more
Bank accused of discriminating against women, Black and Latino workers in Jersey City office OKs $1.9 million payout
By Ron Zeitlinger | The Jersey Journal The Bank of New York Mellon Corp. has agreed to pay nearly 200 women, Black and Latino employees at a Jersey City office more than $1.9 million in back wages after the financial institution was accused of... — read more
Unrealistic deadlines
Unrealistic deadlines are a recipe for a disaster. It's really not clear to me whether our superiors don't understand that deadlines are unrealistic or refuse to understand it!? I tried to communicate the situation clearly and to explain that it... — read more
No incentive to transfer internally.
You will get no bump if you take a new job with the same grade. If you were at the minimum already, that doesn’t even matter. We all know if they took someone off the street for that same job, they’d get it at higher pay. Same with taking a higher... — read more
This applies to the whole company, not just HR
Stop treating people like they’re human chattel. Give a fair wage for a fair days work. Help people to grow in their careers. Stop acting as though you hold the power because you hold the information. Great organizations lead from the front and don’t... — read more