The “performing” vs. “not performing” ratings were a response to criticisms of the sales scandals and how bankers were under increasing pressure to open ever more accounts in order to get their bonuses and or more sinisterly, to just keep their job.
Prior to that, the bank had a rating system of 1-5 where you were measured against objectives, not against other people. Some people who don’t know the history of performance plans here, because I guess they have been here only a year or two, have some big opinions.
I’m surprised that so many people seem to know the compensation situation of lots of other people to know that it’s suddenly fair. Over the past two years many teams have gone through title/position changes, level compression, incentive target changes, and MRP range changes, all of these can drastically affect employees and it has been nonstop.