No chance of a promotion?
15 replies (most recent on top)
@cr truly. Who cares?!
I keep being told that it really doesn’t matter what your rating is … if they want to go and you’re going to be gone; if they want you to stay, you’re going to stay. I heard of one guy in particular who was absolutely wonderful .. had been the bank 20+ years since college and had rose to the position of director … gone
So it’s a bit confusing and hard to anticipate
@kx I fortunately knew the hiring manager pretty well and was able to just be candid that I was on the wrong side of CB's location strategy and needed to find a new home.
It's beyond disheartening to have successfully outmaneuvered location-based layoffs, and still years later be dealing with an executive team that is chasing headcount reductions, if not based on location then based on some other trumped-up rationale. Doesn't feel like there's a safe place anywhere in the organization at this point. It's going to take years after this finally ends for WF leadership to regain the trust of their employee base, if its even possible at this point.
@f2 you are very blessed to be able to move down. I tried when the sh-t was going down to return to previous role but never got a chance. I ended up fired for fake rank and yank. I do not think it mattered because the target follows and I forever lost my possibility to regain bonus. I also successfully was promoted several times prior.
i was told have to have two year end rating with exceeds in a row.
5-10 years back I was promoted fairly regularly. These days I'm just hoping to dodge layoffs or at the very least, be laid off with severance instead of fired for manufactured reasons. Sh-t I even applied for and accepted a job one tier down in another LOB because the role I was in was being targeted for layoffs (confirmed discreetly by my manager at the time). If you are preoccupied with chasing promotions you are wildly out of touch with the hiring dynamics at this company right now.
OP must be a recent hire. Asking about promotions when everybody else is doing everything they can just to possibly stay employed at this nightmare of a company during a nightmare job of a market lol.
Promotions happen in India , not the US
Who even cares about promotions anymore?
@af 25%
Steady "meets" year over year means you are likely in the next crop of IM ratings unless you wow your manager on an assignment.
Every year, a new crop of employees get rated IM and moved out of the company, so sitting at "meets" puts you in the potential pool.
Wells Fargo has ki-led the notion of the steady performer. You are always at risk.
Per Merriam Webster
match/meet expectations
phrase
: to be as successful as people think someone or something should be
So quite literally, by definition, this should mean you did everything that was expected of you, and therefore are a very good employee. Yet, in this over-corporatized, capitalist system that requires belittling everyone who does anything supportive of the search for ever-expanding profit margins, being successful enough to fulfill every single requirement of the job you're employed to do, means you can be tossed aside as not being good enough.
Look through this site and read all the posts saying it's not worth going above and beyond your role, and you'll see that @aw is correct. The odds of getting a promotion for being better than "meets" (which, again by definition, should be enough to warrant taking on expanded role) are so slim, it's not worth the effort.
promotions happen when you
- apply for and are selected for a higher level job
- expand the scope and complexity of what you are doing in current role to demonstrate you are operating "next level"
#2 is callled an "in position" or "in place" promotion and they are very, very rare.
Doing your current job and doing it well -or even exceeds or consistently exceeds- is not a basis for promotion. PRomotion comes from bigger, more complex scope.
There is like 1 prompotion for every 10,000 workers, so yes, you're pretty much stuck in place unless you're personally su-king off CS.
There will be 20% IM every year.
Yes.
However, this allows you to work 9-5, pursue other hobbies after 5. Actively manage investments etc. (MORE TIME FOR LIFE)