#compensation

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I would feel more respected if corporate were honest.

If management would drop the past messaging of "hire to retire" and admit that things are different now and then change the compensation structure and corporate language to reflect the current employee/company relationship I would feel respected. Probably not happy but at least feel like I was being treated like a smart person.

Call it what it is so all cards are on the table and we can move forward in a transparent relationship together.


Wow. Figured I stop by and see how TU doing after my layoff 2 years ago. Anyone else check in?

Clowns. Direction lost. more layoffs. poison culture. the yearly survey that doesn't mean a thing.

I was laid off unexpecting Oct 3, nice end of day email from director saying be in a quite place - business. After working the previous night until 2 AM on another engineer firewall work. Just to join a teams call at 930 with HR. After 20 + years just to tell me position eliminated. I would be paid until end of Oct and get a severance and cobra pay. Total Shock, fear and stress set in quickly that morning. To find out my team but 3 people were laid off with no notice. We were busy so very surprising.

After a few days I found it a blessing. A company that strides to do more with less. Pile up the workload, work days nights, early morning and global on-call. Assign you other engineer jobs with no pay, no training. The only thing I wish I did different take FTO more often then I did, but I cared about the customers the clients and wanted to help with projects. Everything TU doesn't stand for today.

I was lucky enough to find a new job with energy company two months after my layoff. Only because I was looking for a new job due to burnout. Lucky enough I got to bank my entire severance and cobra pay - 33 weeks plus that low annual bonus in 2024.

Found out I was under paid, TU with those 2% annual raises if you were lucky. Some of you don't get anything.

Two months, found a better job better salary, no after hour changes, no on-call, got a 15% bonus this year. Was always use to 3% at TU and thought that was good. Got a 5%

Opened a new Roth IRA, High Yield savings, paid off debt and bought into a DVC with that total severance package.

So for those who been with the company and are over 40, you will get extra pay for age discrimination.


Hot Take? hPXD will struggle in ranking against hXOM

It seems that hPXD employees transferred into the XOM system at elevated positions and inflated CLs to accommodate PXDs more lucrative compensation. Due to this and the fact hXOM know how to play the XOM ranking game better, hPXD employees are being set up to fail in ranking against hXOM employees.

Thoughts?


RV the toxic con artist scammer

What goes up in will come down, praying for a hard sell off you disgusting horrible person — how do you sleep at night knowing families are being uprooted, thrown into financial chaos, denied severance relief and more for the sake of greed. At the end of day you are nothing more than a hardcore scammer.


BTC salaries

Through some quick and easy google searching I found out the average salary for folks working at the BTC (where SO many jobs recently were outsourced to and where the majority of the latest layoff announcement jobs will be going to) is about $30,000 CAD with high earners making 50k and new hires and trainees making 10k ... annually.

So for every person in the office in St John's being let go that is for sure making 100k + they are getting 5-10 people to take over for them in Bengaluru. From a business decision it's a no brainer to get 10x the productivity from the same investment. But....once again it's just another big corporation prioritizing shareholders and stock price over people....then sending out emails saying our people are our biggest asset just to rub salt in the wound.


Quarterly news update

at our next quarterly update from senior Leadership, many of us are very concerned and we would like updates for these areeas:
~$50-$100M underfunding of our db plan. What is the strategy for paying this off
~how much is the health care premiums going up & will the 401k match be cut. Any layoffs planned before X-Mas ?

  • status on lawsuits and employees leaving company will be forced to sign non competes non disclosureas
    ------culture survay results
    ~company revenue-profits ytd
    ----what is the company Net Promotor Score and stack rank it compared with our competitors
    ~~when are we gonna improve our website. Very few changes in calculaotrs tools and educstion for yrs. Mobile app still lags

Mr Rich and Ms Favors, along with Kristine Janofskey, we'd like updates with all of this.


TI Labor Budget Increase Less Than Cost of Living

Just want people to be aware that the current labor budget increase for TI is only a few percent over the next five years. It's well below a cost of living increase for existing employees assuming no new hires or attrition. There are more layoffs planned for the future.


Grow Up!

Yes, last week su-ked. And like you, I’m nervous about what’s to come. But let’s not kid ourselves or rewrite history. When the pandemic hit, this company didn’t toss us aside while the economy melted down. We kept our jobs. Some of us even got cash bonuses for basically existing. The same leadership you’re busy demonizing today signed off on that. Funny how that part gets left out.

Now it’s fashionable to cry about the CEO’s salary. Really? You likely knew this was a multi-billion-dollar health insurer with a millionaire CEO at the helm when you accepted your job offer - or when you CHOSE to keep working here week after week. Just like it doesn’t stop you from filling your cart with garbage on Amazon, or ordering overpriced coffee from Starbucks - who, by the way, laid off 900 people last week. Yet, I doubt anyone is forfeiting their Starbucks Rewards in protest. Outrage when it’s convenient isn’t principle, it’s hypocrisy. If empty outrage paid the bills, many in this forum would also be millionaires by now.

And here’s the part nobody likes to admit: nobody is chained to a desk here. The front doors aren’t locked. The exit signs glow for a reason. If this company or corporate America offends your conscience so badly, go build your own empire. Put your brilliance to work. But don’t pretend that bi--hing and moaning are unique skillsets. They aren’t. Babies are born crying. Sadly, some toddlers never grow out of it – then get jobs at this company.

The reality is simple. This company has tens of thousands of employees. Only a handful were let go, it seems. If every single chronic complainer in this forum quit tomorrow, the company would replace them and keep moving. No strategy would collapse. No customer would notice. The machine doesn’t need you (or me) - or anything you have to offer - to keep turning. You are not special. Whining here for validation from other whiny anonymous nonspecials is just sad. And if that feels harsh, it’s because deep down, you already know it’s true.

My heart goes out to anyone whose job was impacted and anyone still worrying - especially those who looked here for answers only to wade through the rantings of people who shouldn’t be part of this workforce, or any other. Good luck!


Steve's email on 9/16 and upcoming layoffs

Honestly, I don’t know what to make of Wayfair right now. The pay is solid and better than what I’d find elsewhere, but it feels like layoffs are always around the corner. It’s like every few months people are left wondering if they should stick it out or leave before they’re next. For those of us in North America, what kind of roles are most at risk? Is there actually a stable future here, or is it just about staying for the paycheck and dealing with the uncertainty?

And that email from Steve on September 16th… what was that? The message just didn’t sit right — some parts sounded like cuts, other parts like spending more money, and none of it made sense. Feels like leadership is saying one thing to us but doing another behind the scenes. Curious if anyone else feels the same or has more insight into where things are really headed.


vote yes bc older t rates taking advantage of newer t rates

the older t rates are taking advantage of us new hires in schenectady

they are leveraging our vote saying vote no bc they are mad at the d rates.we wont get more we'll just lose jobs

this contract is OK im gonna be making over 80 grand a yr i have a GED and used to change tires for 15 bucks... it will be us new hires out the door not them... dont let them influence us.this is good money m

vote yes bc this is crazy good money and the old t rates are just made and using us to get revenge on the d rates pension

if we strike we lose pay and benefits. the old t rates dont care they have the money we being used by them f that


Leaving Money on the table

Why do employees settle for less? CEOs and exec VPs making 100x-1000x times the average employee. Why do we make em’ so rich.

I mean if a company makes net income per headcount say $10M for instance , it does not make sense an employee average income is $150K, why don’t employees ask for $9M? Why should employees allow any more than 10% margin for employers


Something is wrong with the severance!

I am getting only 12 weeks of severance for 23 years of work. The 12 weeks basically add up to my salary for the remainder of the year. No f..king appreciation for my years of service! I am talking to a lawyer before signing this!

Medical and dental good until Halloween. No more contributions to HSA.

I thought I read we should get 2 weeks for every year. So I thought I should be getting 46 weeks of severance pay. Not 12 or 3 months!

I am definitely one upset former employee who feels completely disrespected and given no empathy from HCSC!


Frisco Update

Cost of living is high and housing costs are higher. Compensation paid by TIAA is lower than average and drawing top talent is challenging. Doubling down and spending over $200M to relocate and draining down the surplus to hire 2,000 associates is high risk. Post COVID and virtual work from home, a much, much smarter strategy would be to recruit the best from all over the US instead of limiting yourself to a 30 Mile Zone. But, this what "T" wanted. Eventually AI, Accenture, India and the Phillipines are going to perform a giant su-king sound like Ross Perot and leave a hollow sound in Jerry Jones' $115M building complex.


Email was not for us…

Message Was to the markets and other industry leaders to justify the upcoming price increases to employer plans. Also to justify the massive 43M CEO pay. Clearly Savings from “the modest adjustment” barely match these massive pay and bonus c-suite increases. Aluta continua


I need help

Hi, I referred 2.5MM to a FA, I’m a premier. Back office is saying that they won’t give me compensation because I didn’t authenticate customer. I always authenticate because I have to generate a customized summary. Do you guys any lawyers I can contact? Is it worth it?


Sc--wed over by CPS Team

Just venting but I guess I'm curious if anyone (assuming they watch this page) has had the same thing happen

Sold a big 11:11 managed backup deal ~$18k monthly charges to customer. T--a told that "Rule of 72! You'll make a bunch of money". BS. We recognize 15% of that as GP$, not commissions. I'm on 20% com plan. So I get $540/month. I make more than that a week on cables and DON'T have to project manage the thing over 10 weeks, dozens of meetings.

Wait there's more! The rep from 11:11 asks me if I got the SPIFF. "What SPIFF?" Oh yeah, we're running an incentive where you get 2x the monthly charge upfront! $36K...that would have been nice for the effort I + tyeam put in. Would've gladdly shared it with my gals for their work on it.

So I go complain to my VP. More calls. Turns out "oh we have to pay for overhead". Jesus F! I complained enough they "let me" recognize 15% of the $36k, $5,400, and then I get only 20% of that too!

WTF is wrong with these people?


Testing the waters. Salary range

Can anyone on here tell me what a reasonable range for a VP job in Lake Mary would be (formally K grade prior to the restructure). Glassdoor is useless. I know I’ll get more trolls than help on this post but maybe 1 honest prisoner of this place will help out haha. Last time I saw a post like this someone said 100k in Pune and I rolled


Maurice Smith’s Profit

There’s a LinkedIn article circling around my department right now of the top 10 highest paid insurance CEOs of 2024. Good ole Maurice is #1, taking home more than 40 million dollars. Seems to me if he just took a measly pay cut of 10 million he could stop the layoffs and probably even onboard more people. The enemy of the working class is the billionaire, and we’re seeing the impact of that in real time.

Here’s a link to the article: https://www.linkedin.com/posts/dutchrojas_top-10-highest-paid-health-insurance-ceos-activity-7355559494208180225-V4fc?utm_source=share&utm_medium=member_ios&rcm=ACoAAACyFcsBZ8JcsDslVrsTQz0TcwWqK31N26w


Laid off and not sad

Tell me about the great new FTO policy and tell me to use my month of PTO right before you lay me off. You knew this was coming. Hope my small contribution to your balance sheet helps because it hurts me tremendously. What a low, low, awful thing to do to your (former) employees. Glad to be gone. Pay attention NetApp employees, they do not give a #$#@ about you or what you sacrifice.


C14,C15,C16 who do not contribute more than C13 in Finance back office are still kept for a reason?

Can Senior management tell us why you keep individual contributors C15 who are newly transferred to new assignment who ha no background? They are newly transferred starters and less value than C13 but paid too high


AIP estimates

Why do they stop publishing the quarterly AIP estimates? Anyway they report quarterly earnings to Wall Street. Any reason for not telling its employees on quarterly basis AIP?


401K options after layoff

Laid off in August. Just received an email/articles from fidelity showing the options for one's 401k on the former employer's plan. I'm particular interested in the option of leaving the money in former employer plan.

From fidelity's article, it mentions (not specific to Oracle's plan), one of considerations of leaving the money in former employer's is withdrawal options may be limited, saying "For instance, you may not be able to take a partial withdrawal; you may have to take the entire balance.".

I'm wondering if anyone knows what's the withdrawal options are in oracle's plan after leaving the company. Can we withdraw partially from it?

And any advises (pros, cons) for taking this option of leaving it as is in fidelity?
Thanks for advise in advance.


Has anyone else on the PBM side been feeling the impact of the voluntary retirements and overall turnover lately?

In underwriting, the burnout is very real. Pay even came up in the recent town hall, which says a lot. Every time someone leaves, their work just gets redistributed to the rest of us: same pay, more responsibility. Meanwhile, competitors are paying more and we’re cutting benefits, so people are openly talking about leaving.

We’re also losing clients and not hitting our goals, and it’s hard not to connect that to the fact that so many experienced people have left. Their knowledge and expertise can’t just be replaced overnight, but instead we’re backfilling with new college grads who don’t yet know how things work. That gap is putting even more pressure on the people still here. Now we are expected to do our work, cover the work of those who have left, and train the new hires.

Curious if others across the PBM side are seeing the same. Do you think leadership really understands how widespread this is?


Record Profits - Merit Split and No Merit Increases

How does a company with record profits not have any budget for paying their employees?! I have an IPF of 140 but there is no budget for salary increases or RSUs?! What a joke. I bet the executives all get their salary increases and stocks. Company is broken. But they LOVE US and it’s because of US. Anyone else angry at our corporate overlords that are out of touch?