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Pay grade confirmation

Hi all, there seems to be some misunderstanding with what grade vs L1 etc means. Pay grade starts from one and goes higher. Like phone reps are hired at grade 2 then you can climb the corporate ladder to get to maybe 7.

L1 etc is how many levels below Abby you are. So L1 is someone reporting directly to Abby and L6 or whatever would be someone in the mailroom.


Paypal Should Be Buying and Expanding

Why is Paypal not buying other companies? With the strong quarterly profit and $80B in assets, it has the firepower to acquire many companies in this economy. Current headcount is at the 2019 levels around 23,200. Subtract another 4k employees and you are near 2017 headcount level. Why are you pinching pennies when you should be expanding and taking market share.


Affable young women leaders

How many of these affable, not business savvy PSG 26-29 leaders do we have? Annoyingly, many routinely block their Mondays for extended vacations. They make every school and coaching event. Rarely in the office more than 2 days a week. I swear, it’s like they work part time, dolling out work while away. I’m talking line leadership (B&C) and functions (especially Law!!). Christ!


Right-Sizing Leadership for True Value Delivery

FIS has developed a structure where the ratio of management roles far outweighs the size of the actual technical teams. Over time, this has led to many highly skilled technical contributors leaving the organization, while a significant number of non-technical leaders have been added at the SVP, VP, Sr. Director, Director, and Sr. Development Manager levels. Much of this work could be more effectively coordinated under a strong, technically proficient project manager. In its current state, even senior leaders such as Stephanie may not have full visibility into which teams are truly driving delivery and creating measurable value for the company.


What are the management figures now?

With the org saying they are laying off 500 director levels and above. How many do we have at the moment. In my mind the ratio would be 10 reports to a director. 5 directors to a VP. 5 VPs to a SVP. An SVP would then have 250 subordinates. This is just my made up figures, but I’d be interested to know the real numbers.


Credential inflation is out of control

So many MDs have job postings on their teams for Director or below that require something like an MBA or CFA, yet these same MDs only have a bachelors. I realize this isn’t specific to BNY but as someone in that network I’ve been seeing so much of this lately. As a manager, I don’t care where you went to school - I’m looking at your experiences first and if you interview well and seem like you could fit in. I have an MBA but it hasn’t really been a driver in my career. I wonder how much hiring managers actually pay attention to this.