Very proud of how Fiserv handled the pandemic. Probably no better in the Fortune 500! Treatment of all associates, families and clients was exceptional. No fair minded person could disagree. Very much appreciate the new Fiserv, our competitors FiS AND GPN afraid of our results and trying to merge knowing they can’t compete.
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The way the rating system is set up, as a forced ranking. There will always be a very few super stars. A group in the middle, and the group which will be targeted for a potential layoff. If you honestly believe this is NOT the case, then you are only fooling yourself.
Or if you’re over 50. Fiserv 100% targets employees over 50 for layoffs. Salary and health care costs are the drivers. It’s a 2 step process, first they change your role to something completely out of the persons background, then they give them a poor rating due to their performance in an unfamiliar job. That’s the dirty truth folks. Sorry, non disparagement clauses only last until the severance runs out
That is what i thought. It would be advantageous to looking for a new job as a remote worker.
Remote workers will relocate (at their expense) to the chosen locations. Or be replaced with a new associate at the chosen location.
Fiserv did a "C" job during the pandemic and took money from employees and slowly showed people the door that made too much money or are close to retirement age. You also bring up a very interesting point, and it plays on others points as well. If Fiserv is looking to consolidate locations to drive savings. Does this mean the people in newly created remote positions due to location closures should be looking for a new job. The reason I ask is FB does not like work from home, and doesn't trust it's employee's (Spyware on everything).
Should the remote workers be concerned going into 2021?
Very, very well said, thank you
I believe much of people raising issues are hoping that Fiserv does not make needed changes to enable they to address real issues...Fiserv has done and continues to give excellent support to associates throughout the pandemic. If you had issues, they were likely from an ineffective manager. Layoffs are going to occur as Fiserv makes needed changes- they cannot continue to operate as 8 separate businesses. All the location consolidation makes sense and drives savings. Let go of the past and embrace the bright future ahead of us! If not, take your talents elsewhere.
“No fair-minded person could disagree...”
- Fair McMinded
Posting from the customer-bank seems entirely factual and if they are finding discussions here of interest to their continued contracts and renewal ..... well keep the editorial war running and keep firing staff and then see how long this charade of a company lasts. More layoffs? Likely in my opinion
yeah whatever
The stock is recovering well. If you want to keep working for below average wages to make me money, I’m fine with that
"The 401k match is back in 2021, pay attention"
And at 2% total when an employee puts in 5%, how is that competitive? That match is Paltry.
We have spent all year working working on the end of year release using the New Fiserv policies. So you can tell us if the end of year release is better or worse than other years.
You’re literally a disgruntled employee. Likely OFS
I work at a large bank that uses Fiserv's software and this website is heavily discussed within my group. From what I've experienced alone, New Fiserv is a power-plant on the brink of nuclear meltdown. I've heard through the grapevine that there will be serious talks about whether we want to stay with Fiserv given the relentless ramp-up in outages (even if it means paying to get out of an existing contract). Truth be told, it is rather sad to see Fiserv higher-ups on this forum posting propaganda and threats; this forum is simply the unprofessional icing on the imploding Fiserv cake.
They kept their stock options and took our benefits to buy back stock to raise the value of their equity. Then they took our ability to be a part of it by lowering the ESPP plan. Classy
People getting shown the door these days are all C players. All A OFS talent is long gone
Sorry but reducing employee benefits to fund diversity is just the moral thing to do
Fiserv is bleeding talent, as they find greener pastures in other companies. The ESPP and 401k match is no where near other companies, let alone what it used to be here. The way Fiserv handled the pandemic was okay at best, and they could have done way better. They didn't have to cut the employee benefits to do stock buybacks or special diversity programs by siphoning the ESPP plan and the 401K match. They had strong revenue streams according to the SEC filings and there wasn't a need to strip down employee benefits. The new ESPP is down 10% from two years ago and the 401K match isn't what it was either. Stop trying to make it look like Fiserv did something amazing, when they did C work by siphoning from it's employee benefits.
The 401k match is back in 2021, pay attention
44,000 associates, losing a few OFS C players won’t hurt
The New Fiserv is bleeding talent faster than the Exxon Valdez when it was gushing oil out into Prince Williams sound. Great way to motivate people by eliminating the ESOP and 401k contributions. Fiserv is the deadwood in the payments industry.
And we’ve cleaned out the deadwood low performers 2021 will rock !!!!!
Yes...a powerhouse in employee layoffs and turnover....and bad management...something to be proud of for sure....