Thread regarding Truist Bank layoffs

in this company some of your Mangers are simply non-qualified to review their teams. i had one in cyber. does not know the basic or "T" of Technology & least qualified to be part of Cyber org in any Roles, especially as leader but had the power to do performance reviews. unless this situation fixes, these 'jokers' captains/leaders will sink the titanic known as 'Truist'.

It is important to understand that the annual process works backwards from the money. Your actual rating and review happens last and is reverse engineered to fit the dollars.

@1yyj+1rdzSPuq This is why small banks/financial institutions are >>>

in the end it really doesn't matter if you get an exceeds expectations or not. i got several of them over the past 17 years (and still got my small 1.5-2% pay increase with it) and was still let go. nothing you do there matters. there are people there who i KNOW received below expectations on past reviews (i NEVER had anything below meets) and they are still there. also, titles don't mean anything. i was an officer and then an AVP or whatever the next title up after officer is and was STILL let go.

@OP+1rdzSPuq I wish I could say that is just Truist, but it isn’t. I’ve worked at 5 major financial firms. Those ratings determine how much or how little merit increase you get. Had a manager tell me many years ago that wasn’t true, but I didn’t believe him. You could work your rear-end off and be the go to person for everything including helping with equipment malfunctions and it didn’t matter. Then I came across the chart that proved I was right.

Let’s put it this way: let’s say your regional manager is allocated 4% for merit increases. That gets broken down into 4 sections on Truist’s chart of performance classifications. (And remember those merit increases are a debit on the bottom line.). Your manager gets to decide how that 4% gets allocated to the employees. He might say I’ll give the top 2 levels 3%, the third 2% and the bottom classification 1% if I like them or 0% if I don’t. Has nothing to do with your hard work.

That is exactly how it is broken down at least in every single firm I have worked for and I have worked for two of the top national banks.

It will never, ever be about how much you do to try to be “exceeding expectations” no matter if you meet every criteria. It is always, always about money and the bottom line. Always.

I have never had a review where the reviewer has said “Suzy, there are some areas you could work on to get to “exceeding expectations” next year. Here they are….”

Never has happened in over 20 years.