I'm no longer at Truist but I admit to being curious how they handled raises and bonuses.
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The pool may be 3% but each layer of management has hold backs to reward the favorites with. Probably closer to 2.5% for the average truismate.
Ken Meyer and Scott Case got more $$ and more stock despite running company into the ground
To 3bho+1f4JpKVd, I was given the same date. I pushed back. My last day was 9/30. They are hedging their bets, for them and not for you! They will but the buyout and your final check together, and the taxes taken out is crazy.
Considering record inflation and bank profits it is sad to see no raises. But at the same time it reflects the true value of those who decided to stay.
If you stay at Truist, you agreed to be pi---d on and be underpaid forever. Nobody is handing out raises like candy, it is something you gotta have ba--s to claim it for yourself
Yes I a teammate that took severance package and exit date is 7.31.22 and confirmed with manager that there will be no merit increase.
There will be no increase for those that took the early retirement package.
The one thing you can be sure of is that bonus and rsu’s in the CIB world will be given based on who you are. If you are one of the boys you will get more of both than people who just keep their head down and work hard. All about who you know in this area not your real value to the operation. You have to play the game so you do well in “the draft”! Those of you there know what I speak of. Oh and Suntrust always wins at SunTruist.
Does anybody in the branches know their merit raises yet?
Remember the 100k and up group (not counting EM) got zero merit last year.
3 percent is ridiculous; considering what the bank made last year. Along with all the pressure from management for the merger.
Merit pool is 3%, which isn't good, but higher than past several years. Corporate component of AIP and LTI is above target.
Or is it still too early?