Give up any expectations. The upcoming pay increases will be largely symbolic, and some may not see any raise at all. With rising inflation and a shrinking workforce, employees face more work for diminishing pay. Meanwhile, ensuring our CEO receives a generous salary—one that allows him to stand among his industry peers without embarrassment—remains the top priority. The boundaries of arrogance, entitlement, and greed were surpassed long ago. „ Nolite te ba----des carborundorum”
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I can say the below is accurate for D&A, Irfran has dr-g over is GS behaviors. Despite what we were told all year he changed it for D&A after all ratings were submitted. Going to be a sh-t show, also expect layoffs in 2025.
Post from TheLayoff.com
I’m tempted to send this 1% back to DS PayPal.
Any news?
1% pay rise…
Pile this all with the “investor fraud” Microsoft marketing announcements, and it seems like just he exec co and the group leaders pocket any money. Most of them are pretty new also, which makes the whole thing a total joke.
As said elsewhere, the entire firm is just a vehicle to enrich DS.
There is no funding this year for pay rises for anyone at grade 15 or over. The only way to get one is if your manager takes the money from somewhere else in the budget. Rises elsewhere are supposed to be 'targeted and meaningful' whatever that means
Are they going to ask 'high-cost' location staff on digital first arrangements to attend the office more often as there are light rumours going around this might happen soon?
It just gets better - the word on the street today is that not only will those with the lowest grades (1:1) not get a bonus but that anyone with any 1 in their review (i.e. 1:2 or 2:1) and working in Engineering will not get a bonus either - donut, zilch, nothing. Expect many unhappy people and more attrition.
I have been here since Refinitiv days and I can honestly say LSEG is now worse than the Blackstone days.
LSEG is ran by Finance clearly - our all mighty CFO making all sorts of decisions with no care about the impact.
HR pushing an annual compensation programme tailored to push high salary / high cost locations OUT to replace with offshore / low-cost resources.
Both working in tandem to make our super rich shareholders even more richer.
I can't wait for bonus payment day to see how many talent / performers will resign.
@ak+1jhnhgcpv There is no world class talent at any level of LSEG middle to senior management. It’s the opposite actually, it’s the lowest quality talent you will find anywhere in the corporate world especially in tech and product leadership. Most recent hires are ex-bankers that were on expiration dates at their firms or were hired as favors to friends (see all the nepotism in the workflows business).
There actually was some top talent in Refinitiv, but it’s all gone elsewhere or was packaged-out as part of a campaign to make DS look like LSEG was adding value to the D&A business by getting rid of existing employees.
DS pays big salaries everywhere to say hes retaining top talent to justify his own salary. The whole firm is really just a self enrichment ponzi scheme.
Can they not get a cheaper alternative to DS off-shore for say half the cost? How much of what he does needs to be done face-to-face?
DS has publicly demanded in the media that "talent" be "rewarded" with world-class pay. Naturally the talent he's referring to is himself, while the workers are sweated and offshored harder than ever.
Just imagine getting paid £13m a year to just lazily apply the Harvard MBA slash-and-burn playbook and run a once-great business into the ground? £6m a year simply wasn't enough to motivate the poor fellow to get out of bed in the morning, oh the humanity!