Merit was next to nothing this year, bonus was the classic 80% odd of target. The last couple years I've worked till I basically dropped. People on my team have bailed right and left of me for other jobs. Anytime my boss needed something to be done i would be the first to respond with an answer or what to do or where to go. Another group needed something i would respond immediately and over delivery. My new young ex BOA boss sat back and relaxed. So after getting like near no merit increase or promotion i feel like my entire interest in this place is gone. I see tons of people who have been here for 30 years. I simply don't get it. I want to work on something interesting, with interesting people, something worthwhile, that has meaning to the world. This place just feels like it takes your energy for all its worth, and then when its time for rewards it like communist Russia.
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Lesson learned: don’t expect future rewards to be better than past ones. Slow down, take a break, enjoy time off. Let some other su---r break his/her azz.
Sounds like you and I have the same mgr. Ex-BOA and all.
As a manager who attempts to truly manage/lead their employees in tech, it is challenging. You are given little or no support and your peers are not managing but glorified individual contributors with the title 'manager'. I appreciate my direct manager but the rest of the chain up is worthless and toxic. That is why I am leaving next week. being forced to give a performance rating from a bell curve instead of how the person performed is crushing to everyone (me and the employee). WF doesn't provide a good environment to be a good manager OR feel truly appreciated as a worker. You may have a good direct manager, but its tough to find anything larger than that right now. A main reason why I am out of here. A real manager leads, guides, challenges and 'accomplishes' through their team NOT through individual actions, backstabbing or one-upping their peer to keep their job.
Get real. WF tech managers are not managers, but individual contributors that want the manager title. They are double and triple booked in every time slot and have no time to manage even if they cared to. They want manager pay,but not the role or work. Too bad for us real individual contributors on teams..
Instead of burning yourself out overworking for your current team/manager, carve time out of your day to invest and put forth that effort into yourself. Set up a robust linked in profile and if you have one already, give it a well-researched makeover (There's tons of articles on how to optimize your linked in profile). Redo your resume and ask trusted peers for feedback. Look into affordable or free certifications that might help you get to the next step in your career. Start looking at internal and external openings that interest you etc. Just don't let it get you down or start to feel defeated or stuck. If your current role is causing you to feel this way, stop putting your energy there and put it back into yourself so you can get out. There are good managers and teams within Wells and outside of wells...explore your options and doors will open!
I've not read everyone's replies, and while I can't speak for every area let me confirm what you probably have guessed.
We do the start of the work a few months in advance, floating our planned rating up the line. Then they come back for adjustments. Sometime we are told to adjust it. Some times we've been just told "These are the rankings you can give". Other times, I've had to go into meetings to defend my rankings. And while we can't do "stack ranking" - 'cuz that would get un in trouble with HR, we are instead expected to have a standard statistical curve (oddly they are more concerned we have a proper stat. curve on the low end, not the high end- go figure).
You could fight it, but the implication was you'd have to explain it up the chain with no support from your own management.
A few years back we sold that "meets" was perfectly OK - "the new level 4", and yet inconsistently meets defaults to 0% raise.
I hated every minute of the process.
Seems to me, they don't let managers, manage full time. They either take on or are told to do tasks that are ment for workers. We have a lot of managers that do not know how to manage. This will not change as they are also all afraid of losing their jobs.
The new upper management has no clue how anything actually works, as evidenced by some of their d-mb decisions like laying off QA staff and expecting developers to know how to test and use all the tools even though they never did it. They only create chaos and don’t have to deal with the fallout. They’ll cash out before it comes crashing down like they did before and do it again with the next bank they con into hiring them be their cronies.
Been there, saw that, told them to stuff the t-shirt.
My tech manager goes to all the meeting, brings back some partial details and expects us to execute with incomplete understanding. The it's our fault and the cycle starts all over again.
Still too many bad managers with zero oversight from their manager. We're all basically F'ed. SNAFU
Working hard only benefits your manager, They are the one reaping rewards. 2 UP management has no clue and are totally focused on saving themselves from the rath of the clue leader.
Time to explore opportunities outside of WF...
I totally agree, its the manager and their willingness to appreciate you and fight for you. In my 16 years, I have received the good rewards, the once in a while good raise but took internal job changes to really see the rewards. The last three years have been the bedt if my career. Dont give up on Wells, find the right management
I worked at Wells 20 years. Every year I received high ratings and was a golden spoke winner. I got a new manager who didn’t like me and was laid off suddenly in 2020 after getting a bad mid year review. That year I had worked harder than ever and done an excellent job. Thankfully, I got hired at a competitor for $25k more annual pay after not receiving a decent raise for several years at Wells. My new manager loves me and I received an exceeds rating for 2021. My advice is to look for a new job. Wells is not a good company to build a career at.
Your only as good as your management’s ability/desire to support you. You can exceed expectations all day, but if your manager doesn’t support you or champion/celebrate your accomplishments, any effort you put out is meaningless.🤷🏻
I am one of those people who have been here for over 20 years. Have always had amazing leadership and gotten only 4&5 ratings. Bonus has always met or exceeded target and raises were 4 or 5% on average. I’ve been promoted several times and have been told I am the kind of employee managers often wish for but rarely get. All of that said my current “boss” clearly doesn’t respect me and I am not sure why. I also jumped through all of their hoops, had several high value accomplishments in the year, yet got no where near 80% bonus. I now understand what it means when they say people don’t leave jobs, they leave managers. After several years of giving it my all I have made the decision to leave. Wish I had something more positive to say to you OP but all I’ve got is be where you are valued. Clearly that might not be where you are. Best of luck!
Allow me to decode this for you. Your manager doesn’t think highly of your work. Your manager is your key to $. I would move on.