Time for the annual round of bogus reviews… but what about raises and promotions? Why does the bank seem so reluctant to properly reward employees for their hard work and contributions? What kind of “chunk of change” can we realistically expect this year—another 1–2%? And what does the promotion path to VP actually look like? If employees are consistently taking on more responsibility and delivering results, there should be meaningful recognition and compensation to match.
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Guys you all should be applying to jobs to gtfo out of there. I found a new job and the base raise here is whatever the inflation rate was for the year..and anything over that is based on your performance.
@j3 Some Managers need Emotional health evaluation every quarter see if they fit lead people , they are many Indian Manager who need this evaluation
There is less and less any career development in the industry as a whole, and BNY is not an exception. Being simply good at your job is not enough to get promoted and get a material pay bump as the bank actively reduces the headcount.
1-2% pay increase was typical in BNY as the bank is moving to "pay for performance" model.
@jg
LOL. Your manager is therefore:
Mindless, robotic, unattached, uncaring, unthinking and unreliable while doing exactly what he/she is told.
That’s a winner in the Goldman Robin pickle jar of talent!
My manager is a sc-mbag and trying to promote new hires barely here a year and barely able to walk without instruction. Hes literally overlooking everyone who is a sr admin and having to train these id--ts
@j3 I have seen this time and again at this bank, nowhere else they treat institutional knowledge disposable.. doesn’t make sense to rotate your contractors and treat good ones disposable, it takes few months to train new candidates and make them productive but again the cycle repeats,they let them go and hire new ones..if they can do that to FTEs ,not surprising how they treat contractors..
Had a rough meeting today where leadership discussed contractors and visa holders as if they were interchangeable resources — implied that if some left, they could just Hire i more toverseas.
It made me think about whether management tracks should require people-skills validation, not just technical chops. The way you talk about 'replaceable' talent matters because today's 'them' becomes tomorrow's 'you' when restructuring hits. Anyone else seeing this mindset spread?
Forgot to add it’s also $39 less than 2025. Which means that raise was only $36 lol
@f0+1m3x85dh1 You’re lucky. Either the healthcare increases. Even though I got a raise my salary dropped a lot and it’s actually $3 less than it was in 2024. Lol
Last year, as an SME with an “Exceeds Expectations” rating, I got a raise that left me with about $50 extra after taxes (Poland). And then I was asked, “So, how excited are you?”
It was honestly hard to put that level of excitement into words.
I worked just as hard this year, so who knows — maybe this time it’ll be $60!
Tell me your slacker without telling me you're a slacker
@OP your post suggests you've been here a while, although the question suggests you arrived yesterday.
I'll give you the benefit of the doubt and assume your intended level of sarcasm has failed to come across.
If it's a genuine question - brace for disappointment 😥
I do the bare minimum. This place is a joke. All the offshoring, INshoring, and AI crud.
@a8 Ofcourse and what’s even more funny? How do you socialize with leadership in London and your colleagues in Poland? lol..
Congratulations to the happy-hour buddies! Who knew networking over drinks was the fastest career progression strategy? Deliverables are optional, visibility at the bar is mandatory!
@a1 the amount of greed is exhausting. If you want to know where your bonus is going search for executive compensation on google. That plus our stock price acceleration means someone is making mondo bucks and it’s not any of us
* Why does the bank seem so reluctant to properly reward employees for their hard work and contributions?
What a dopey post.
Hey Genius, here it is:
greed
noun
ˈgrēd
Synonyms of greed
: a selfish and excessive desire for more of something (such as money) than is needed