This newest survey is definitely a temperature check to figure out the easiest way to bend us over and take away our benefits. Give them NOTHING to go off of. They're trying to cut our pay increases by 50% to give us 5 extra days off. How is that helpful?
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They are sending out these surveys so when changes occur they can say "We polled you and this is what you said....." Don't answer/respond
Say adíos to the middle class. Oligarch rule is taking over.
So the Chief Risk Officer ( who’s already cashed in $7M this year) is on the EC deciding it’s time for pay cuts. Now we’re supposed to feel “valued” and grateful for 1% instead of 3%, while he and the rest at the top keep cashing in? At this point it seems the style of leadership at CS is focused on exerting power, not leading people.
Well the equation is simple. Pay us less, we work less.
Sadly, some of the fears being aired here are going to be implemented. I have a friend that works closely with the EC (HR), and she has filled me in on some of the discussions that have been happening. A pay cut is coming (mainly in the form of a bonus reduction combined with a smaller across-the-board merit increases) along with a health benefits cost increase. There is also a high probability that an increase in parental leave will occur, but that is still undetermined. Take this for what it is.
@qx not that it matters but my theory is that some in the EC (for example NM) have been unable to recover from not getting their way during the 4 years most everyone was remote. The lack of control and lack of in person audience to applaud their executive skills did such damage to their fragile egos that now everyone must not only bow down but also suffer. First mandate RTO, then take away benefits, then who knows? Somehow the millions in stock grants they are currently cashing in on does nothing but to fill their emptiness inside but making the workforce miserable seems to!
@qx please quit now and save yourself from tyrannical rules.
I am trying to find a way to frame the way the survey looks and when it was received without sounding hysterical. I think the only way I can really do so is to say that I don’t think I will be surprised by anything this leadership does anymore. Not really sure what led to this and to be honest at this point I just do not care. I believe it is safe to say that this is not going to get better, you all should take this into mind and start preparing for your futures accordingly.
Purely an intelligence test on your math skills... Only maybe 1 or two questions that weren't pure math nonsense.. and that was more around how you valued PTO if it wasn't a direct math conversion
Cope harder.
I'm not Fu--ing Taking a Pay Cut. I am already going into the he-l hole 3 days a week 4 next year. Already setup day care and stuff for the kids, bought a 2nd car, spend more of my money on gas, food, insurance. Fu-k This Place and its Fu---n Fake Leaders.
From the day Chuck stood in the Oval Office soaking in praise about how much richer he was getting thanks to the current administration, it’s been blindingly clear that Schwab (the man and the firm) is 100% all-in on the oligarchy.
Rick-the-Robot McKinsey is nothing more than the right robot at the right time, programmed and ready to execute the plan: gut employees in every way possible, strip whatever benefits are left, and call it “growth,” “collaboration,” “culture,” or whatever buzzword works. The only surprise to me is that he’s doing it while wearing sneakers some poor employee bought him.
For the C-suiters and the C-suite wannabes, sacrifice is for everyone else. They truly believe they’re entitled to every stock grant, every fancy dinner, every unnecessary office visit forcing employees into “round tables” where your voice only matters if you’re echoing what the EC wants to hear.
They don’t give a cr-p about anyone losing benefits, because theirs are locked in & they’re already rich enough to never feel a loss if any of their benefits were taken away.
Perhaps the c-suite should take a pay cut it if reducing our benefits is what they need to do to contain costs. What do they ever sacrifice?
@fs there is a difference between a simple profit motive and utter disregard for the wellbeing of your own employees in the pursuit of one more red penny. This is a pernicious ideal, that we must tolerate endless and rampant hyperfocus on maximization of profitability above all else. Who does this sort of behavior ultimately serve? In the shortest term, one could say the shareholder. But society? Certainly not. If we are to condone any for-profit organization’s behavior in whatever scenario so long as it means maximal growth, any number of undesirable and unhealthy practices become commonplace just so long as it is not strictly illegal.
How many times have we heard the phrase “just because it is legal does not mean you should do it”? Yet we’re to simply sit in silence and say nothing when yet another incredibly profitable company willingly and (seemingly maliciously) upends the lives of its own workforce, and pretend that’s a behavior we want to promote in our society? Please. I have no issue with a company seeking revenue. I take offense when profit motive comes at the expense of societal wellbeing, and I think any reasonably intelligent human alive today understands we crossed that line some time ago collectively.
@fs As Chuck I'd prioritize my reputation and progeny. My granddaughter wouldn't support a s-x ring felon and the company would make decisions without expensive, ignored, and manipulative faux surveys.
@fn bro they’re running a business with 30k+ employees. It’s all about profit. If you were Chuck, what would you prioritize? Profit or employees feelings? Feelings and morale can be tied to profits but minimally.
@fa I am a conservative and do not enjoy the railing that Schwab has been giving us the past few years. You are delusional if you think they are an example of an exemplary firm in the interest of the American people.
Someone can calculate the actual figure but the company could give everyone $10,000 bonuses at least four times a year without difficulty. Ricky is really prompting leave versus bonus debates? Pathetic. Or McKinsey.
Would you prefer:
A
Bonus Opportunity decreases by 20%, and paid parental leave stays at 8 weeks.
B
Bonus opportunity stays the same, and paid parental leave increases to 10 weeks.
I look forward to Rick standing in front of us all saying with a straight face 'our employees overwhelmingly indicated they wanted our parental leave policy to increase to 10 weeks '.
@e1 Two percent! Wow Billy, your mom gives you a TWO percent raise? Gollee!
@e0 woops 2% -> 1%
Darn, instead of a 1% raise I'll get a 1% raise and 5 extra days of PTO .. honestly doesn't sound bad
@ba obviously you weren't paying attention. It was described in the text before the survey.
Next, the corpo will question why everything is falling apart. Well, people are now going into the office and watching YouTube and TikTok videos and not giving a s**t...because why should they?
Mckinsey work at its finest. Rick was trained by the devil
Not just disturbing, I think it’s pretty messed up from a data perspective- some of the options were like two stay the same, two improve. Is that just to make sure we were paying attention?!?
Survey.
Solicit unique responses for vile execution, yearly
Your only benefit and privilege was yesterday.
The company's true intentions are clear from the questions. It's surprising how poorly the leadership handled this. After spending two weeks reassuring us, they then openly stated they will significantly reduce our benefits and ask for our input on how to do so.
What an absolutely disgusting and vile survey.
Could they be more obvious? (In Chandler voice, RIP)
This place is getting creepy in its intentions. But all smiles and feels during a townhall.
It’s a disturbing survey to say the least.