#meritincrease

And now this whole merit situation. Makes you wonder why we even bother, really.

Curious as to how these low merit numbers are derived and compare to others? Share your rating, merit, and work model here.

Rating meaningful
Merit 2.4%
Work model remote

What did folks get? Which office?

I got 3 percent in calgary

They want goals but won’t give increases for job done all year. They feel we do not deserve increases so I also don’t feel they deserve any goals since they don’t want to pay. They say use AI to write your unattainable goals so we can put all of you on a PIP and get rid of you. Sc--w you Elcio.

Putting this out here now for those of us who try to survive another year. Expect that merit will continue to be extremely minimal, and the company will move to more of a bonus/LTI system.
When they pay larger merit, they have to keep up with those increases year over year regardless of profits. If I give you a $5000 raise, I am now committed to paying you at least that salary as long as you’re around. Now multiply that times thousands of employees.
A bonus however is one time. I’m only committed to that amount THIS year.
LTI is worse, I promise to pay if you stay for 3 years, but if I lay you off, I’m freed from that obligation.

So expect the company to continue to lean heavier on bonus and LTI (aka paying it out at 90-100%), versus seeing larger merit pools going forward.

Was anyone told that merit increases were not going to be given to 3's this year? Was told it was company wide. Is that true?

Has anyone received anything? It’s suppose to be available this week and no one on our teams have heard anything.

2% annual raise AND a 5 day RTO?
This place never fails to amaze me lol 😂

The lowest raise possible even after exceeding expectations, buying a new bank, record profits, and an ATH stock market price… literally RUN if you think of staying or applying here.

Oh and I get to use that raise for the new parking garage fees :) bill u sly dog u…

This Friday when I have my performance evaluation, if I do not get a merit (haven’t had one in two years) I am totally giving up on my work ethic. I can no longer let this team think this is okay and that I will continue to work hard. At this point I’m blaming direct manager and above them. I’m tired of us always blaming this man behind the curtain. Our managers are agreeing to this and they are at fault at this point too. Them just agreeing and going on with their day while they get $20k bonuses means they are at fault. I suggest you blame them too.

I had a target on my back and hung in there the whole time. Actually succeeded and exceeded in the complete he-l and misery a few (managers) made my life for years.

We are talking years.

YEARS.

My marriage, family life, and social life were all deeply affected in the worst ways possible.
These truly rotten to the core managers who are hallowed out without a trace of their sole left really ruined my life. Do they know or care? I doubt it. Would they probably find some kind of satisfaction in it? Probably.

It took being diagnosed with the worst to escape.

I won’t say it for confidentiality reasons, but I don’t know how much time I have left.

Was the years of misery worth it? No.

At the time, during the most miserable period of existing, I couldn’t swallow letting 1-2 people (managers) people push me out of the company I have worked so hard and had so much dedication to for years.

I suffered all of it. The whole playbook. What were meant to be Impossible workloads that I made possible, 0% merit increase, 0 recognition from direct management, (although I would get praises from other business lines because of my work ethic which of course is non existent in my year end review), isolation, rumor spreading, manipulation, sabotage, out right lying in my reviews and grading my work. It’s all there. Not going to say everything here. But it’s all there.

I stayed true to my work ethic the entirety and that brings a mix of emotions. On one hand I feel good that my intentions were always pure no matter what, and I truly hope I made a difference for someone else in my work even if it was only the slightest. On the other hand, I feel incredibly sad that it was to the overall benefit to managers who gave me he-l on earth.

I am sorry for everyone here. Please take a step back if it gets overwhelming and put yourself first.

If you can’t put yourself first, because you have to take care of business then remember to NEVER lose faith and always hold it close.

Did most people get a 3% raise?

Anyone know if 3s are getting any sort of raise this year?
My coworkers got a 4 and she only got 1%.

So, Arvind announced the GDP numbers last week… 0% for low, 3.4% for core and 6.8% for the top. Percentages will go up for 2026 to 5% for core and 10% for the top. That’s for bands up to 9.

Comments?

Anyone else find it sus that merit got delayed to 2/16? That aligns with multiple reports of layoffs on 2/16. People on my team are hearing the managers are going to deliver severance papers instead of merit to those who are being let go. Normally I don’t listen to rumor but the dates are lining up and leaders are very quiet lately and I think they’re avoiding having to talk to us. Everything was so rush-rush before OE but they’re silent now. Then we get an email that a bunch of people got forcefully moved and were supposed to work hard and feel safe?

I have my EOY Friday
What are people getting?
I started 3 years ago.
My partner got 4.25% yesterday. Employe 8 year

Has everyone loaded up their self reviews for the EOY conversations?

Who’s getting the big merit raises this year?

Just got word from a friend who is a manager that only 0.25% (1 in 400) employees will have the opportunity to receive a promotion in 2026. This is supposed to be very hush hush and hid from employees. If offered a promotion, you will get 4-7% of a bump in pay.

This might have already been said before, but I couldn't believe it. If I get exceeds every trimester, I will still not get a promotion is what this manager said. It might have to get approval at GP level.

I might have been naive with everything. Time to start looking at other jobs.

What did you get?

So, now that reviews should start coming back, what low % are we looking at this year for ‘above meets’ or whatever label they’re using now? I’m considering posting out to a lower level position. My thinking is if they can’t pay me for the additional workload I e taken on I might as well just work a lower level position that actually reflects my salary and make life a bit easier on myself. Anyone else thinking the same?

So we have some AIP info, but has there been any discussion as far as merit increases in March?

With more than 20 direct reports per manager, it will be interesting to see how many merit increases are actually awarded this year. I suspect a lot of people won’t be thrilled.

What is your pay increase percentage?

What are we getting?

Disappointed in the firm. Not only was I reimagined , received a demotion and changed from salary to hourly, but that put me into a category where my merit raise is about 1% and bonuses are half of what I used to get . Not to mention the force back to office 4 days a week, tracking your location when you open up documents. Since when did this turn into highschool?
Why is this happening? I have been at the firm a long time. Nothing like this has ever happened. So much for work life balance

Increases shared with mgrs today and they SU-KKKK! Get ready for 2% or less boys and girls

What’s everyone getting? Checked the benefits life insurance update and only getting under 1% this year. JG5 Canada

Anyone else above midpoint got 0%?

Heard from my manager at least in Atlanta office that the manager above are not getting any increments this year - it will only for manager and below it will be capped at 3%

We are being told if you are a 3 or a 4 this year for your merit increase expect somewhere from a 0-1%, what kind of a joke is this company (doesn’t even cover inflation here in Texas) yet they give those a*holes at the top millions of dollars in bonuses…

RRP somewhere in the realm of 70%, this company expects you to put in 100% effort while paying you pennies, are we in China? So my advice to everyone, milk your job and do the bare minimum.

Hi, my friend joined the firm in the middle of the year and she didn’t get a merit increase. Is that common practice at the firm? I read that some people at the firm didn’t get any merit increase either.

Has anyone received their merit increase % yet? Trying to see what I should expect.

Everyone is being told they have to make do with less, and the next 12-18 months are going to be very challenging, rough, bumpy, tenuous. Masked words to likely mean layoffs, possible merit and/or AIP freezes or worse. Does anyone else find it interesting that the new interim CEO and these events all line up? Isn’t he a finance guy? Are we experiencing exactly what they hired him to do?

I just need to blow off some steam. Anyone else think the review process is fu--ing stupid? I’m so tired of it. Every year, EVERY YEAR, they change the god damn format and make it more difficult than the year before. They move the goalposts on our evaluations so we receive the bare minimum increase on top of our bonuses. I’m tired of being held responsible for things that are outside of the responsibilities of my position. It’s bullsh-t. I’ve submitted my review twice now only for it to be sent back bc I was missing some things. No explanation, no direction. Just forwarded emails. The review process in this organization is fu--ing stupid and ridiculous and honestly? They don’t even look at them. They just want them completed so they can sign off on them. I know this to be true bc I’ve used the same verbiage in my personal comments for years now. They don’t look. They only care about paying the least they can pay. These reviews are a fu--ing headache.

Good luck with your Comp discussions. Share details anonymously.

LOB/Place/Band/EOY-Ratings/Pay-Incrase/Bonus

(Ex; GBAM/NY/B3/M-M/+$5K/$11k)

What am I aiming higher for? Maybe a 2% merit increase if I’m lucky?

I’m so incredibly sick and tired of being told I need to do more while being offered less and less.

The whole MC is garbage and needs to go.

Just saw an official Schwab social media post about how well the company performed last year. It’s too bad that won’t translate into better merits and bonuses

Had a quick talk with my manager today and they said merits and bonuses were virtually identical to last year. How?!

When the company performs poorly, we get merit and bonus cuts. When the stock skyrockets, we remain stable, all while the EC enriches themselves. Approves 20% pay increases for themselves, stock options, golden parachutes etc.

Pay increases for us plebeians doesn’t cover inflation and the rising cost of living. What is the actual point or incentive to try at this company? Promotions are political, not based on merit. Pay increases are stagnant. You’ll get your 2-3%, smile, and keep toeing the line or you’ll be kicked to the curb. Sh-t is discouraging, man

Any managers got any insights on what the merit and incentive numbers look like vs prior year?

What the merit % this year? Is it for everyone or are some groups left out of merit?

Seems like they taking their time this year. Anyone heard anything yet? Curious to see how bad it is.