#compensation

anyone else’s Lexmark counterparts receive bonuses? when us Xerox folks found out morale dropped a lot… we didn’t get bonuses, just the Lexmark folks.

No, not at Truist of course.
After two consecutive years of $0 bonus at Truist I'm happy to report that the bank I am now with is giving me a 5-figure bonus + 4% raise (and I've only been here 6-months). Would have never happened at TFC!
Cheers to greener pastures.

anyone else think this trimester update is stupid? the behavioral model is just word soup. how about talking about why our 401k profit sharing contribution was so low?

I have to say despite knowing I'll be downvoted into oblivion, this place is fine. Good pay, decent work. If you're miserable here, you'd probably be miserable anywhere.

So I guess this is my first taste of corporate life. Getting no merit increase because of a promotion.

Schwab really does know how to take care of their employees.

Bonus payout was good but anyone else get laughable salary adjustment?

I have worked at the bank since 2014. Several years ago I received a promotion to Sr. Lead Analytic Consultant. The raise that went with that promotion put me above the lower limits by just a couple thousand dollars. Currently that role is posting for $139K - $239K per year. After my increase this year I am still making below the lower limit. Is this normal? Are others experiencing this same issue? For background, I have been 'Meets' consistently over the last couple years but never missed an SLA or Training assignment.

I’m hearing stories of some colleagues across the business receiving contractual bonuses and some not, even though they are in the same position. Does anyone have any info on this? I imagine it was due to different LOB’s now being merged but seems slightly unfair?

Anyone hear anything?

I talked to a coworker recently who said the pay increases in the past were retroactively paid out, going back to the beginning of the year. Is that true?

Does anyone know where to find our bonus payslip for this Friday? I’d like to see the actual amount and there’s nothing on Workday - of course.

While I understand the rationale from a Corporate Accounting perspective, as am Employee, these really suk. The price always goes down when they vest, so I end up earning less. My whole income stream (salary) it tied to this place, I do not need more exposure to an organization I have absolutely no say nor control in. Just give us ca$h, please. Also overcomplicates my Tax Filing. Ca$h is way easier. Please make RSUs go away.

I'm already an I-7 and I have no RSU as part of my comp. Which I levels get RSUs and how much ?

Is 3% the standard compensation this year?

Offer full retirement earlier and get the higher salaries off the books. Better to pay full retirement pay than full salary.

Commission upgrade for sales representatives and assistant managers. Thoughts?

Anyone know their salary, bonus, promote or layoff already?

How did everyone fare? I got a 2.7% merit increase and 105% bonus. High band 4

How did everyone do? I received 3% merit and 90% of AIP.

Got my compensation letter today. I didn't expect anything great, but a 2% increase is disappointing; it doesn't even cover inflation. And the bonus has dropped so much from previous years, it gives you no motivation to go out of your way and 'exceed expectations' anymore. It seems like it doesn't really matter, since you're at the company's mercy and whatever they decide to give your department.

Definitely looking for a new job, outside the business. In the meantime, just doing my job exactly as specified, no more, no less. Not going out of my way anymore, thats for sure...

Work harder, no merit, no bonuses. Not to worry though, Chief Clown Steve and the band of merry pirates continue to raid the cupboards for any and all $$ they can pull out

We would have needed an 8% increase this year to match how far behind increases are compared to SSA COLA over the last 5 years.

If it feels likes like you are making less, it’s because you are.

Guess we should all work 5.68% less hours to keep up with deflated salaries.

Any effect with performance reviews?
Is elevate sap it worth for t4 or t5?

Is the payout usually below the full target? Company prioritizes full payout for current employee only?

My leadership has indicated new comp plan training will be coming in the next weeks, implemented as soon as April. Haven’t heard any more details besides this.
Anyone have any more information on this? This will be my fourth comp plan. Besides the move from team commission, usually comp plans are incentivizes to increase Verizon revenue while making it harder for employees to make money.

Curious based on how bad foods and drinks bonus % are. How did corporate do?

Still haven’t received my review/statement yet. But wondering what type of individual multipliers employees are receiving? Can’t find any documentation to show when someone would get 95% vs 100% vs 105% or any other percentage

Looking like bonus is happening but not full amount. Does anyone know what % of your percentage they are paying?

Does anyone know what raises look like this year?0-2%? More?

Anyone know what percentage pay increases are this year in Wexford and Wilmslow ?

So the HR management call happened about the upcoming pay and performance week and some interesting but not shocking news. Apparently, with the restructuring in the career architecture and demoting everyone to lower titles, this also includes new lower pay scale bands for those titles and roles. So if you were a person who was previously in a role that now has been artificially demoted with a new salary band that is lower than your current salary, you will not be eligible for a merit pay increase because you’re outside the band for your new title. Just another way to squeeze people and not reward them for good performance. Comment on this if this turns out to be true next week.

Below are the compensation numbers for John Stanley and some of his direct reports. Talk about having the best dream team in the world and falling so short on ROI and delivery very little value.

John Stankey - $26,410,845
Pascal Desroches: $15,477,119
Lori Lee: $9,889,903
Jeff Mcelfresh: $15,602,605
D. Mcatee: $13,637,271

Got severance last November and still haven’t got prorated bonus payment. Got the severance payment within 4 weeks. Has this happened before? Everyone I asked got the bonus payout. How to ask why, when and to whom?
Thanks.

Bonus payouts and merit increases were small this year. Idk about you all.

More stock buybacks, not rewards to your common employees. That’s how you drive employee satisfaction even lower. To the mud we go!

I'm just wondering, in case I'm hit next time. Is it immediate, next pay period, or even later?

Great and about time for those that already are forced to go into the office but what about us already remote? Where is our Reward? Let me guess we keep our paychecks