How did everyone do?
56 replies (most recent on top)
- 2% and >2 exceeds. This system is a joke. It is designed to suppress salaries. I don’t understand how this company can make record profits and give employees such minimal raises, especially those with sustained performance. Very easy to just throw my hands up and get for viable contributors if I’m going to get one or $2000 less
I actually had 3% taken away and was told I'm lucky to even be employed at such a prestigious institution.
This is why a long time ago I came to the realization that the extra marginal effort to strive for a 1 or get all Exceeds never pays off when you take into account the extra headaches, time, schmoozing required
Interesting to see the % but how are people doing relative to their CO? Is the structure 3% or 5%. If I got 4 exceeds and 5 % not sure I’d be happy unless I was already way above 5%
New range moved to 5% from 3% in last few weeks. Bonus target was midpoint of your PSG (×1.5 factor). So, if you got over 5.5% and more that 1% of PSG the midpoint bonus target you were rewarded. If you got less than 5% and midpoint bonus, you were standard. Under that, your manager took money from you and gave to others. I was promoted in the last cycle, so got the standard 5% and midpoint of bonus.
Why did HR/management even mention 3% structure this year? If you take the structure out of it, the merit raises are 1-3%. This is total BS after we had record profits during the pandemic and inflation levels at 7%.
If your over 100% and got 5% that’s pretty good since part of your raise came from someone else being under 100%. The hard rankings 1-2-3 I did not always enjoy but felt like it was clear if you got a 1 or 2+ you were in the minority and a good raise was expected. Now supervisors can give as many exceeds as they want no hard competition. I wonder if a lot of supervisors will try to be equitable which means those low on the PSG will prob be kept lower on this new system otherwise won’t be anything left for the others on the team over 100%. This going to widely between teams which I do not like before you got a number it may have sucked but the computer spat out a raise no “feelings” involved
Less than 100% CO, 3 exceeds and raise of just over 5%. I’m not disappointed as I got a promotion in November.
@sli this is why I don’t trust the system. When I was a 21 and over 100% of my competitive objective, I received a one ranking in my merit increase was over $10,000 in the old system.
@ijy I'm right above 100% at psg 21. I'm assuming my manager just gave everyone "exceeds" so they would feel good, and he could give everyone the same raise.
@hor that is exactly what I was afraid of. This is NOT rewarding performance. I’m assuming you are over 100% CO?
I’m curious to see how those to have multiple exceeding expectations faired. We are supposed to be rewarding sustain performance so I would expect to see above 5% with those who exceeded expectations in two or more categories
I got 3 "exceeds" and got a measly 5% raise. What a joke.
Sh---y 4%
No bonus until the workforce is back to the office for a year.
All zero’sssssss