The common denominator in most divisions is that there is a leader making huge sums of money that is surrounded by yes people who are scared to ask questions. The average employee is disgruntled, and the pending 2.2% raise will disgruntle them more. My division is bleeding talent and customers. Neither the talent, nor the customers are being replaced.
The savings from cutting overhead are being poured into stock buy backs to prop up executive stock options. Management is attempting to invest in technology to give the appearance of a modern company that may be relevant in today's world.
So you ask yourself, why? Why would a company sc--w their employees so badly year after year. The only logical answer is that executive management isn't in this for the long haul. It is a short term play to get rich and get out. When you consider it from this point of view, everything that is happening makes sense.
Your division overhead is being cut and you are being prepped to be sold. Your leaders plan on cashing in on these sales (example: $2 billion injection of capital from L&R will equal huge executive bonuses). You will be sold like cattle when the time is right. Maybe you get a package to leave or maybe you get an ultimatum like the people did with Gallagher Bassett?
Either way, you are not even close to a priority. Stay or leave, it does not matter so why give you a decent raise? Figure out your next step before AIG figures it out for you. It is easier to job search and put out feelers when you still have an income. If you are lazy and just hope for the best it is your own fault when you find yourself unexpectantly looking for a new job in the near future.
And above all, do as little as possible to continue to get your check. It does not matter what you produce, you will not get a proper raise and it will not save you when the decision to sell is made. If you do three peoples work for ones pay and let this place stress your life it is because you want that drama. It will not advance your career.
Good luck