Thread regarding Fiserv Inc. layoffs

Frank keeps talking about "performance management" but is off on many points.

As an HR Professional with three years of experience I know the following:

  • Real performance management occurs throughout the year, in fact daily between a manager and employee - the appraisal should just be a re-cap of and final tally of how one did against their objectives.
  • Frank eliminating ratings will actually erode the concept of "meritocracy" and result in little to no tie between performance and pay differentiation.
  • The best performers will be pi---d to learn that their "performance rating" has been eliminated --- with no notice arbitrarily at the end of the year unilaterally by Frank who changed the rules at the end of the game.
  • The point is, Frank stick with trying to improve sales, service and the company financials.
  • And finally, your obsession and track record on people topics have been terrible - RTO, eliminating loyal and committed associates who were hired remotely, your own succession by losing Himanshu and Suzan are all examples that you don't know what you are doing.
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| 1761 views | | 7 replies (last January 8, 2024) | Reply
Post ID: @OP+1qopOBwR

7 replies (most recent on top)

Sorry, have to disagree... more like a sun dial in a digital age. And by sun dial, I mean just a stick stuck in the ground.

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Post ID: @5dpl+1qopOBwR

Franker uses a lot of terminology that he has no idea what it actually means. He's an analog watch in a digital age.

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Post ID: @5rlz+1qopOBwR

Performance reviews have been a farce forever. You're only allowed so many dollars and have restrictions on ratings. We had a VP that said Nobody could have an exceeds rating.

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Post ID: @1zld+1qopOBwR

Synonyms for Fiserv: disheveled, bedraggled ,messy ,rumpled ,
dirty ,disarranged ,disarrayed ,
disordered ,ruffled ,tousled ,
unbuttoned , unzipped.
What an F@&$!ing Circus !

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Post ID: @1sno+1qopOBwR

Frank is a classic narcissist.

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Post ID: @1bbd+1qopOBwR

Frank values loyalty to Frank. Nothing else is relevant.

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Post ID: @1kic+1qopOBwR

People Mgrs still give a rating that will be shared during review. Only the self rating was removed from associates.

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Post ID: @lig+1qopOBwR

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