#compensation

Are the layoffs over in Technology building? When are they going to replace those highly paid dead weights removed for cheaper, creative, energized younger minds? It happened last time.

Severance in India?
I believe notice period is 3 months. So you also get 3m salary + severance right ?

Finally had a chance to read through the severance plans and it is hilarious they are making you fill out an application to decide if they want to fire you. LOL!! It dawned on me after reading the AT&T email someone posted on here, they are attempting to redesign the system to keep us all trapped. Working from home and COVID gave everyone time to stop, look around and evaluate their lives and the system being forced down our throats. The Elites and Executives that rely on the fruits of our labor to distance themselves from the common man and create generational wealth are panicking. Employees were taking back control of their lives, moving away from the rat race and expensive cities. Getting side gigs and backup plans to give them options to exit corporate America and shifting the balance of power back to the employee. They can't let that happen. MT took his $150 million in compensation and got the he-l out, has his re--rd-ed son in the company and appointed his buddy JF and two SF agents to continue the scam and cover his tracks. Sc--w these people, only do enough to not get fired, and find a way out. Don't participate in their scam, resist, resist resist....these are evil people without a soul.

Growing up AT&T was the behind company everyone arrived to work for and make the big corporate bucks for life including excellent lifetime pension starting at age 50. GE was the other favorite, immense company excellent funding and salaries for every walk of life. No one could ever imagine those companies would get broken up and career growth and remuneration could be scaled back so much. Now it's ExxonMobil's turn. That seems to be the end game.

Look at his business decisions, all to the determent of AT&T. Buy high, sell low. Who profits? Not AT&T shareholders. AT&T is the cow that is getting milked and the employees are blamed for not feeding the cow enough grain.

Are you "living your purpose" yet?

Post Covid when the world of work is now mobile and video based, TIAA has wasted money by moving from Denver to Frisco. If anything, there should be less real estate foot print not more post pandemic. Outsourcing to Accenture in India, record Outflows, and a reputational damage with all the recent lawsuits are damaging TIAA. The Board and Senior Management are out of their league. Meanwhile, existing employees left wont get the raises they deserve or the enhanced benefits packages they need because this waste of money. The Board and Senior Management should be forced to resign.

J. Stankey
CEO Pay
$26,410,845
Median Employee Pay
$122,611
CEO Pay Ratio
215:1
CEO will make more on Jan 1st of the year in one day more than most employees in the entire year.

I want to see the disparities.

I heard directors and above will not get bonus anymore. True ?

The company is changing and seems to be in big trouble.

What do you think about this move ?

Most companies I have been at clearly state the company’s bonus structure for employees. For example level A 10-15% bonus potential Level B 15-20% potential etc. Does anyone know if there is something like that at Intel? Does a "FPGA Enginner Grade 5" have more bonus potential than a “Product Engineer - Grade 6”? If so what are those numbers for APB and QPB?

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Heard that there will be a PSG adjustment at the end of the year to align us with the industry, anyone else hear this? Heard they are doing salary surveys.

Heard that Chevron, like many companies, are doing salary surveys for an upcoming company wide adjustment to compete with the industry. Anyone else heard anything?

A pay cut? Loss of benefits?

I have a few offers on the table paying less. Some have little to no benefits.

The math says i should stay here but its hard to put a figure for savings on things like mental well being, commute, and not being exposed to every single strain/wave of covid.

So my question is, what would you give to never have to go to the office again?

Share your level up experiences here.
Position
Years with Verizon
Raise

You put in extra effort thinking it will lead somewhere, and instead they just pile on more tasks. No new title, no raise, nothing. Now I'm wondering why I ever went above and beyond.

I sympathize with leaders and associates that have been hit with demotions.

As a part of ER, does demotion mean lower title, lower salary grade or reduction in current salary?

Long Time Employee. Got moved to the MTL role.

I was constantly asked what I need for support. I don't have the ability to articulate what I needed when we are so damn low paying, and nobody wants to do our jobs. The beverage portfolio is so many skus and our teams hate the job. Go into a Walmart at 5AM and look at how much more work Pep Merchandisers have than all the other companies in the store. The Coke guy gets 5 pallets and 80% of it is red silver or green. my 5 pallets take me team three times as long. Our teams get burnt out because the work is terrible then I end up doing the labor. I am going to work with heavy machinery make a 50% pay raise and not manage people. BYE!!!!

Hey senior leaders, we have the most complexity and slightly above average pay.

I recently lost a Canon production machine where CSA (now Canon USA) was the incumbent.

My customer decided to price me out to a local Canon dealership and as you can imagine I lost the deal because I was I undercut. I informed my direct supervisor who escalated this but nothing happened. I lose and Canon still wins? Of course.

This seems somewhat unfair because if the situation was reversed my head would be on the chopping block. I have seriously had it with Canon USA not supporting the reps. Everything is a challenge these days and it seems like every time I turn around they found another way to reduce my compensation.

Clearly our senior leaders will never rock the boat and slap the wrists of the dealership for fear they won’t sell Canon. This transition into Canon USA has been terrible for sales. All of the promises that were made were nothing more than lies. Just our email addresses, right Pete. Your sales staff can’t stand you and your retirement can’t come soon enough.

Why do executives funnel millions of dollars, while making millions of dollars into consulting companies while claiming that they can't raise pay for workers or do actual needed changes to the business?

Consulting is a total scam. Cr--ker barrel paid $700M on their rebrand that tanked them by $143M.

How much are we paying our executives and consulting companies for things that don't help the business at all?

Hard to keep the workers employed when VPs who get paid 400k / year plus bonuses need to be prioritized…..over the workers who prepare their presentation materials. When directors marry surgeons, might have easier time keeping salaries up and prioritizing funding.

I had a quick question for those of you who’ve experienced a promotion at Cummins. When moving to the next level, what kind of salary hike did you typically see? Was it a standard percentage increase, or did it vary a lot depending on the role/location?

Also, are there any additional perks or benefits that come with a promotion (things like stock options, allowances, bonuses, or other support) that aren’t always clearly communicated but are good to know about?

I make what I thought was an ok salary for a 602 in HCL area, until inflation hit my pocket book really hard this year. I’m below the low end of the range advertised on similar jobs in the job portal. Commute ki-ls, but I love my work. I’m finding it really hard to afford much now. How is everyone coping. I know it’s not a JPM-specific question, but I’m wondering if they will ever adjust salaries to align with at least the lowest band. I feel ashamed to say sometimes I eat just once a day.

Anyone know what the current package is for Ireland ?

Left the company 6 months ago due to RTO and a $10k base cut was the cherry on top. Received all exit paperwork, Cobra, Fidelity as expected.

This month I received a love letter from HR claiming in June they identified a mistake they made allegedly overpaying me. The letter sent includes instructions to send them just under $2000 lol. Zero explanation or supporting documentation with pay stubs or commission statements. WTF 😂

We're seeing a growing number of employees leave, and it's not hard to understand why. Compensation is not competitive, and raises or promotions are often withheld even when clearly deserved. Many of us are experiencing burnout and ongoing stress. The culture at Advance isn’t what it once was. While there’s an effort to make it seem like progress is being made, particularly by HR (Kristen Soler specifically), there’s still a noticeable gap between what’s promised and what’s delivered. She’s skips over the questions everyone is asking and pivots to the unnecessary details no one cares for. If the company truly wants to address high turnover, meaningful changes in leadership may be necessary. A lot of us have stayed because we value our teams and the relationships we've built here. But even that’s starting to feel like less of a reason to stay, especially as more colleagues leave and leadership continues to shift.

In a town hall he said something along the lines of "this next year will be just as hard as last, I can't do anything about your pay, but how often do you get to be part of such a big opportunity?"

Does anyone have more details or confirmation he actually said this?
How out of touch are these people?

Has anyone received a raise or RSU during layoffs?

Keep an eye on the 8-K filings OpenText must file with the security exchange as a publicly traded company. Any changes which can impact investors have to be publicly available. The various 8-Ks will start pointing out changes around selling off products as well.

Last week or so 8-K are around comp changes for the interim CEO. In addition to his existing salary, he gets another 50K+ in cash every month and he is eligible for up to 100% of his salary in variable comp for FY26 and he now has an added target equity of $281k in shares.

Meanwhile, our customers are asking who the heck is steering the ship and WFRs are being aligned as part of slimming business units for sale.

Based on who is getting riffed and who is not, exactly how many of the leadership at this company is 'on the take' from their subordinates??? I see so many employees basically getting away with m_urder, that I have a hard time believing just covering for the manager and k_ssing their a__ is getting them that much leniency. With crypto so popular now, that surely makes being 'on the take' harder to detect. Any thoughts???

Surprise surprise.. 20-30% avg my a$$.

My org and grade range is being cut 50%

Heartless. I bet you c***suite gets a big pay bump and bonus next year for all their savings.

HR is filling their own pockets and playing games with workers

Out of curiosity, if offered the option to be fully remote in exchange for a lower salary, what % reduction would make it worth it to you?

While this will never happen, I'd gladly accept a 15% lower salary in exchange.

The offers are above the market. Judging by their boards, they need marketers, designers, strategists and sales. It's a mess there. Take advantage of chaos.

What is the deal with the new titles? Seems like it’s going to combine J and K and o may have one level VP. What does that do to someone who was in line for a promotion from J to K? Will the salary bands change??

Any word if we'll get them this year? Mostly concerned about HGS and merit increases.

I’ve been at Cisco for nearly two years, and it’s becoming very frustrating. Last year, CPF was cut to 0.61, and now they’ve split merits and promotions, basically halving the budget again. It feels really unfair. On top of that, whenever I bring up a raise conversation, my manager guilt-trips me into believing I haven’t done enough, completely overlooking my accomplishments. I’m seriously considering switching jobs, but I wonder- is it the same everywhere? Are most people this unsatisfied at their companies?

So heard today no bonus next quarter and layoffs before Christmas due to Lexmark doubling up staff and I’ve had to job match my team.

Why do Clover Engineers in Sunnyvale get $350k a year?