Thread regarding Wells Fargo & Co. layoffs

Received a 5 rating and 0 raise

No point in explaining, complaining, or feeling.
The facts speak for themselves.

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| 1997 views | | 10 replies (last January 30, 2023) | Reply
Post ID: @OP+1kVeFIRg

10 replies (most recent on top)

For those saying numbers are no longer used, they just changed the titles. Still five categories used to rate with a maximum and a minimum. I personally still utilize numbering to share with the team an idea of how close they are to the next rating. Ie: you got a meets but we’re 3.8 in my heart.

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Post ID: @1ret+1kVeFIRg

Received a needs improvement, went home and showed my husband and then received some di-k. Turns out, this matters more.

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Post ID: @1rvq+1kVeFIRg

I received a 1 and got a 5% raise.

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Post ID: @1zyk+1kVeFIRg

What year are you talking about? Number ratings no longer exist. Why be a l1ar?

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Post ID: @1zoe+1kVeFIRg

Newsflash, annual performance should be (per policy and approach) much more highly tied to variable compensation (aka incentive/bonus) than salary increases. Elven if we call them “merit increases” it’s really just a pool of money that is whatever they determine the COI rate is, times the combined salaries of the team, plus a little extra for promotions if you are lucky.

They rob Peter of 2% (because they gave him an inconsistently meets) to pay Paul 4%.

If they can avoid raising salary for this year’s performance, and paying it out every year after, by raising the bonus by the same amount for 1 year, when it’s not guaranteed every year after, why wouldn’t they?

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Post ID: @1swk+1kVeFIRg

Stirring the pot…. Cute!

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Post ID: @jos+1kVeFIRg

fake news, no number ratings at all

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Post ID: @pcs+1kVeFIRg

We’re no longer usually “1-5” ratings.

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Post ID: @xbq+1kVeFIRg

No

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Post ID: @vza+1kVeFIRg

Are you already above the maximum pay for your position?

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Post ID: @khr+1kVeFIRg

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