Notice Fiserv has started delaying every financial obligations to employees, except our paychecks. From HSA, Employee Stock purchase, now bonus and raises. Watch the 401k....What is going on???????
15 replies (most recent on top)
FISV does not have a money problem, it has a leadership problem.
A nothing burger of a post...Fiserv more than capable at more than $4B in earrings and cash flow.
If you are missing HSA money, call HR and they’ll submit a ticket. I had mine added to my account within 2 days of calling.
I know of several bonus and incentive pay that has NOT been paid yet.
Dont pay?
No more work!
They'll give you 1/3 of what Frank got, by percentage of course....not the actual dollars lol.
I'm not sure if there is a money problem but there is 100% a culture and a leadership problem. The work environment is toxic, and can really be traced back to a handful of big decisions. When your executive tact is to cut personnel to the bone to prop up lagging revenue numbers, well morale isn't going to be great. Then you throw the RTO and tracking on top of that and you get what we have here. A sea of under-valued, over-worked employees who either mentally check out or leave for better companies.
Bonuses (cash and shares) have all been paid/granted. So, looks like you’ve been stiffed.
I think i got a bonus every year as an individual contributor L3? If that is still the term. So if I haven't got one yet, that means no 2023 bonus??? In addition to inflation paycuts?
Why did you all down-vote the first response? I follow this channel and contribute to the general gossip (from the inside) but this is BS. Merit increases have been submitted and compensation statements will be available in the next week or so for managers to share. The pot is a measly 3% (some countries higher), but it’s coming in April as expected!
No, Fiserv had tons of money it just has a Frank problem
Fairly sure 401k going down soon.
Pretty normal for communication to suck but effective raises happen April 1st and you see in your April 15th paycheck. I haven't seen that change in years.
Manager level and above get bonuses. If you are that level or above and not getting one, they are cutting you out. This is a lower management and above perk. I have even seen it at lower levels.
Bonus? tell me how your upper management without saying it,
as a regular employee there is no such thing as bonus.
Fiserv doesn't have money problems, they make a ton of it especially cash. The problem is Fiserv puts employees first to take away money from, when they feel like it. Common justifications (historical, not necessarily anything going on now):
- The economy is in a downturn, lets pull 401k match
- We made money but the investors expected more, lets push out raises 6 months
- Pandemic - cut the 401k match NOW, record profits, let's wait 6 more months to bring it back, employees don't really care
- Profit Sharing, employees dislike the benefit take it away... yeah we disliked it because you were not sharing the profits. When it could pay out up to 6% but only did 1%, of course we disliked that.
Nothing has been delayed! Communication of your merit is but the actual merit is effective with the April 1st payroll as it always has been.
Bonus was paid in February
HSA was a vendor issue and corrected one the next payroll
ESPP is a financial reporting thing