Thread regarding Charles Schwab Corp. layoffs

Contractor to FTE Salaries & Offer

When colleagues and I were converted from contractors, we received a non negotiable salary offer that was identical to the contractor rate, plus or minus $10k. I'm curious if these elements were the same or different for others. Share your info if you feel inclined -- I've included mine...

  1. Salary was close to contractor rate: Y
  2. Told salary was non negotiable: Y
  3. Negotiated salary higher than offer: N
  4. Level: 58
  5. Gender: M
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| 1391 views | | 8 replies (last September 8, 2023) | Reply
Post ID: @OP+1ouIjQs1

8 replies (most recent on top)

I didn't convert from a contractor but they low-balled me after the interview. I walked away and then they offered me $10k more. Although the base salary was still a bit under the market I accepted the offer because the recruiter told me the bonus was "guaranteed". You can probably guess how it has been going.

There's another thread here about how much people make.

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Post ID: @1ydo+1ouIjQs1

Thank you for not revealing too much. It’s all fake info.

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Post ID: @1sut+1ouIjQs1

Not to reveal too much but our group will be getting rid of contractors/overseas IT before the end of the year. Already commenced knowledge transfer process to onshore team.

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Post ID: @1trt+1ouIjQs1

@kxh+1ouIjQs1

Gender, salary, and RTO status do matter related to Schwab's layoffs and EEOC compliance, even if you don't understand the correlation yet.

(We see Treasure Island through the fog too, Walt. Easy cuts indeed.)

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Post ID: @1htt+1ouIjQs1

@kxh+1ouIjQs1
"what does this have to do with "Schwab Layoffs" ??"
I don't see any problem with discussing whatever is relevant to Schwab. The info shared here can help someone.

"Try living in a socialist/government run economy"...
I have, but Schwab is an USA company located in the USA and In USA money talks, BS walks. Period. This is business. EC folks will not take any pity on you or anyone else. It is strictly business to them. Sad but true.

Don't be a sheep.

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Post ID: @dde+1ouIjQs1

what does this have to do with "Schwab Layoffs" ?? This site has been valuable for information sharing among employees except when people misuse it to write negatively (and often times unfairly) about their current or former employer. They give you a paycheck every two weeks, there should be just a little bit of respect. Try living in a socialist/government run economy, see how that works out for you...Only my opinion.

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Post ID: @kxh+1ouIjQs1

Gender does not matter.

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Post ID: @vwk+1ouIjQs1

What is the total comp including location and can see if it’s fair

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Post ID: @tuu+1ouIjQs1

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