Thread regarding Fidelity Investments layoffs

Salary grade comp reduced?

Anyone notice the salary grades seem to have lower maxes? Policy portal says it was updated 2 months ago.


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| 112 views | | 11 replies (last October 8) | Reply
Post ID: @OP+1m3yq3rdp

11 replies (most recent on top)

For those wondering why the chart is useless, it's because they lump /everyone at a given grade/ together to obfuscate the data as much as possible. Actuaries, HR, analysts, developers, managers, everyone of a given grade gets put in the same bucket and they take the lowest salary and the highest salary and that's the range.

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Post ID: @140+1m3yq3rdp

It’s gone up within the past couple of years

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Post ID: @125+1m3yq3rdp

Managers will get role specific pay ranges the ones posted on the policy are “general” - location still matters too. Boston will be paid more that Westlake

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Post ID: @mr+1m3yq3rdp

I'm surprised they are still publishing those ranges

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Post ID: @jm+1m3yq3rdp

@ax 🙌 thanks for saving me from a pi---d off spiral

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Post ID: @ay+1m3yq3rdp

The numbers are identical to last year in November, I know because I took a screenshot and have it timestamped

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Post ID: @ax+1m3yq3rdp

yes, that is expected applicable only for g4's and g5 while whole of the org G6 and above especially the dinosaurs enjoys the spoils

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Post ID: @aj+1m3yq3rdp

Yes. Also the no. Of share pay out will be lesser as compared gi previous years.

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Post ID: @a9+1m3yq3rdp

There really needs to be more transparency with pay. For example my manager told me our group has a max pay that is actually is $15k lower than the pay grade chart.

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Post ID: @a7+1m3yq3rdp

Great, so no raises 4 years in a row.

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Post ID: @a6+1m3yq3rdp

great observation!

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Post ID: @a5+1m3yq3rdp

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