regardless of record earnings (again) in 2023 for UnitedHealth Goup, the budgeted dollar amount for salary increases and bonuses have been cut almost in half compared to what was given last year. Some divisional leaders are continuing to be heard bragging on their town halls about how full year sales for 2023 were at record highs. They are not being fully honest. If you must stay with UHG/Optum for 2024, make it a year to find a job with a higher paygrade to get a salary increase or go out to find a job with a new healthcare company where most times you would make more. There are some great people in UHG/Optum, but very high senior leaders are not always among them and they are simply itching for turnover. They will use more than just layoffs to reduce resources.
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This is an Optum Thread, I can't speak for UHC but 29's are getting merit and RRP, but greatly reduced. I was told 6% layoffs across Optum Tech. But who knows for sure. It started out at 2% as a talking point in December.
I was told that UHC funding for RRP merit and bonus is only at 54% (out of 100%). No raises for 29s and above....yet record profits. Wow.
I propose a strike, who's with me?!
30% increase in revenues..and no merit increase. Any other company would be giving raises to everyone with that kind of revenue increase.
That's just an absolute "eff you". It's ballsy, basically daring employees to leave.
Employees either need to stop participating in the “anonymous” surveys or take a sh-t all over it. If everyone takes it and says everything is great and they have no plans to find another gig you will end up with the lowest possible increase/bonus they figure they can get away with.
The individual that said there will be 6% layoffs, do you know that for fact? If so, any insight into what department(s)..... ETIPS?
We're such a large company, so often if your department isn't affected, you don't even hear about it.
Optum is like a hydra, except they cut off the head of a good employee and two Indians with a combined 10% output of the original grow in their place.
He said it is because we didn't hit our 'internal' numbers.
And how did the dipsheet justify it? Say it's for the good of the members like usual lol.
Brian Thompson
Who or what is BT?
It was mentioned in BT’s employee meeting
Post from TheLayoff.com
Just a guess, or you have insight?
I’m thinking we’ll see some layoffs tomorrow.
It was bad enough that total comp has been going backwards after inflation the last few years. This year we'll be going backwards even before you account for inflation. Hard to think treatment of employees could get any worse but they keep finding a new bottom.
Maybe this should be reported in the major news outlets. Corporate greed run amuck
It is a major slap in the face. At this point just quiet quit. Make them lay you off unless you get something much better.
They are going to outsource, that's what they're thinking. Classic example from the 90's.
6% layoffs. Merit cut by 25%. RRP slashed by 30%. And that's before the senior execs take off the top. So it'll be higher by the end of the week.
So does that mean we aren’t getting a merit increase this year?
Grade 30 + aren’t receiving merit increase
Yep, I saw a 33% decrease in the bucket I can distribute. Between the cloud iniative, no new hires, signed deal with a few large contract houses. They appear to be in outsource mode.
They removed the % funding this year in the comp planner. But we aren’t d-mb, when we calculate it’s around 57% which is the worst ever. Even during COVID is was around 80ish. Last year was 92 or 94.. No leadership has received any talking point and they cancelled the last comp planning review session. They delayed opening the comp planner… This is super shady
I was shocked when I saw the increases. I don’t know what they are thinking to be honest.