Thread regarding Wells Fargo & Co. layoffs

Has comp been released yet?

Are the numbers out yet?

If so, do tell! What is your LOB, merit %, and bonus.

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| 8096 views | | 61 replies (last January 28, 2024) | Reply
Post ID: @OP+1qJJmTm9

61 replies (most recent on top)

What was your conduct issue?

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Post ID: @4oiy+1qJJmTm9

Technology Inconsistently Meets for the Bank's Conduct section
0% Raise
0% Bonus
Should have received an EXCEEDS for my Technical work and the fact I do 85-95% of the work for my team (and my colleagues and manager know this)

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Post ID: @3tys+1qJJmTm9

Lead security
Exceeds
6% increase
20% bonus

When I got meets, the comp increase was higher last year

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Post ID: @2pow+1qJJmTm9

Risk P4
Exceeds
Merit 4.5%
Bonus 33% of base

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Post ID: @2whx+1qJJmTm9

Lead Engineer
HCOL
Exceeds
9% raise
29k bonus

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Post ID: @1ujp+1qJJmTm9

For those getting stock, is it if your bonus is over x-x amount you get stock? If yes, what is that amount?

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Post ID: @1piy+1qJJmTm9

Meets

  1. 5% raise

Flat bonus - Dang!

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Post ID: @1kln+1qJJmTm9

senior IT, meets
12k bonus

  1. 48 merit
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Post ID: @1ztf+1qJJmTm9

Risk
lead bec
meets

  1. 1% merit

26% bonus (slightly less than last year) 4/5 cash, 1/5 stock

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Post ID: @1rpg+1qJJmTm9

senior BEC, exceeds, 5%ish merit, 12%ish bonus

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Post ID: @1hua+1qJJmTm9

Meets. 3.5% merit / 14% bonus

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Post ID: @1aoo+1qJJmTm9

@1tlm+1qJJmTm9 why can't you buy it?

@1udk+1qJJmTm9 here. Those are my numbers. Sure I could be lying but take it at face value for a second. The only thing I could be doing would be gaslighting at best, but those aren't exactly amazing numbers to get bent about.

All of this is just an a gaslighting academic exercise anyways. Unless you know the grade/level, base and then increases as a % we're all just pi----g into the wind. For all anyone knows I could be a P3 at the far low end of the scale so my year over year 7+% merit increases might only be the equivalent of $8k total. If someone got 0-2% Merit who's to say they aren't already at the top of their pay bracket and are just mad they feel they should get more?

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Post ID: @1vat+1qJJmTm9

Not buying all thie merit increases above 2%, unless everyone here is an exception..

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Post ID: @1tlm+1qJJmTm9

Rating: Exceeds
Merit: 6.8%
Bonus: 26%

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Post ID: @1wtm+1qJJmTm9

Risk - Senior Lead, Exceeds, 3% Merit, 90% Bonus

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Post ID: @1dqf+1qJJmTm9

Grade 90 whatever that means
Merit ZERO
Bonus 12.5%
Rating Meets

Gonna blow it by getting the wifey a 8008 job

LOB: also Deez Nutz

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Post ID: @1fie+1qJJmTm9

I’ve been here 4 years and have never gotten a bonus. Do only certain departments/levels do them?

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Post ID: @1yob+1qJJmTm9

COO
Meets—got zero raise and flat bonus. Many on my team did as well. They are literally begging us to quit. FU-K THIS PLACE!

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Post ID: @1ebf+1qJJmTm9

P3 /100 Level | Exceeds
Merit 7.5%
Bonus 11%

$ amounts were larger than last year obviously starting with higher base. But the % is also higher. Last year was Exceeds with a 7% and 10.5% respectively. No big baller 30% or RSR’s here though

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Post ID: @1udk+1qJJmTm9

Exceeds

  1. 5% raise

40% bonus

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Post ID: @1pkj+1qJJmTm9

Please share rating and percentage of bonus! Trying to have hope while waiting for my review!

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Post ID: @kju+1qJJmTm9

Risk, exceeds, P4 8% raise, bonus is 65% of base (3/4 is cash, 1/4 deferred stock)

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Post ID: @cfu+1qJJmTm9

Meets
3% merit
Bonus $ amount was flat

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Post ID: @nxj+1qJJmTm9

Exceeds
6% merit increase

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Post ID: @zfg+1qJJmTm9

Any 110 grades or P4?

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Post ID: @lpy+1qJJmTm9

IT, senior role
Merit: 2.85% (lower than last year)
Bonus: 9.8% (lower than last year)

Inflation already outpaced last year's merit and this year's. Eff this place.

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Post ID: @fig+1qJJmTm9

for higher level jobs like p5 or mid to sr level Managers m2/3 bonus is usually in the 30-40% range if not more and most are approaching or exceeding 200k base. merits tend to be 1-3%

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Post ID: @rlx+1qJJmTm9

Meets expectations
3% increase (same as last year)
20k bonus (2k more than last year)

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Post ID: @rcp+1qJJmTm9

@kdg+1qJJmTm9 should not impact you much. The money is slimmer this year and exceeds typically means you are heading toward a promotion then you dip down to the bottom of the barrel and start over but your barrel will be fuller to start.

You are likely not going to see a big change. The rating should give you maybe more security? I say that maybe because i have seen really good people walked out last year

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Post ID: @ioi+1qJJmTm9

If you are under market and meets you should see the standard increase or same as last year. If you are over market and meets you are hitting your own ceiling and will not see caps on salary and your bonus wont make up for it. Time to look for a promotion or you are over paid and would stay to comfortable.

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Post ID: @ntr+1qJJmTm9

Anyone getting 37% bonus reported on this forum and they are in IT they have mental issues for posting and should be playing golf or whatever with Hudson Yards. Do not believe it. They are full of BS.

There seems to be a high concentration of VERY HIGH PERFORMERS that bet 15% merit with 30 % bonus which should plant them over $200k playing on this board. REALLY

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Post ID: @jli+1qJJmTm9

Exceeds
Bonus over 20%
Promoted bump was v low

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Post ID: @khy+1qJJmTm9

3% increase
31% bonus
About the same as last year

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Post ID: @mkt+1qJJmTm9
  1. 74% Salary increase and 8.5% bonus. Less than last year. Ugh.
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Post ID: @ywv+1qJJmTm9

Engineering Associate to Software Enginneer, Excess with Promotion 4% increase, 8% bonus, WTF

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Post ID: @irf+1qJJmTm9
  1. 25%

37% bonus

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Post ID: @wud+1qJJmTm9

Laughable .81 cents and a joke of a bonus. Thanks Charlie after more years then I can count. Didn’t the bank hit a record profit last quarter? Thanks for sharing the love.

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Post ID: @rht+1qJJmTm9

CFO: 12% pay increase (due to several factors - inflation, vacation home payments, boat payments, art collection needs) + $5MM restricted stock as a reward for attending 10 toastmaster session in 2023. Overall solid performance.

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Post ID: @urg+1qJJmTm9

Meets rating

Tech, Lead, 2.86% 21% bonus

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Post ID: @bfu+1qJJmTm9

Anyone had exceeds last year but only meets this year? How did it impact your bonus?

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Post ID: @kdg+1qJJmTm9

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