On Glassdoor someone mentioned people leaders are getting rejections back from comp planner and were told this would be a rough year. Anyone else hear this? Is this in relation to in team promos and bonus?
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if you’re a low performer. yes.
Numbers look better than last year for my unit. (lol unit)
If you are principal and above expect 3-5% raises with 100% bonus match; others expect 50-60% bonus match and salary cuts; feed the top , starve the bottom, like the platform movie!
Looked and felt pretty standard to me. They forced more dispersion so the top got more and bottom less but Fidelity is a meritocracy.
Heard bonus funding is low this year but some raises high.
Squeezing customers and employees is a hallmark of a business in decline. Besides RTO and the aforementioned squeeze, we don't have a strategy.
Not sure how Fidelity would be able to claim a rough year- net income is up & market share has grown. Unless Fidelity is aware there is an increasingly risk of market declines reducing management income or higher cap ex spending needs.
Yes. Next year is going to be rough in terms merit, shares, and bonus payouts. This is another step towards forcing people out of the firm.
Never forget you’re a number in the system. They don’t care about you or what is viewed as being fair.