do they give increment.
got a small cash bonus.
small stock bonus , will vest over 3 years.
I see a lot of contractors open to work from fiserv BH, Texas and Atlanta.
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I heard anyone that's lucky enough to get a raise this year is getting worse than last year's raise, but we're classified as the same for review. Fiserv cheaping out but expecting more work.
Some sales people and other bonus eligible grade 10 and below will also not get a merit increase "at this time" for whatever that means.
what if you're grade 10 and below and also got a bonus incentive?
Had the merit increase conversation yesterday - apparently, if you are grade 10 or lower, you will be eligible for an increase. Grade 11 and higher will not get a merit increase because you get a “bonus” incentive that you can’t touch for a rolling three years 🙄
Nine days late. But they want our goals entered on-time for Friday.
Comp statements were released today to managers, conversations this weekend - increase effective 4/1 and shown on your 4/15 paycheck.
I'm below grade 10 and still no merit increase communication. I guess there are no merit increases this year?
And if it's not on the 15th check, are you gonna quit?!?
Nada. Better be on the 15th paycheck
Has anyone been told about their merit increase? This company is getting sneaky.
If they stretch "summer" far enough into the fall, then you won't get a merit increase next year because it hasn't been long enough since your last increase. Not that they would plan that in advance or anything....
I saw an article about Chiarello exercising stock options worth $6.61M, sure I got a few RSU as part of a “bonus” but it will be 2027 before I see all of it. Pretty bitter pill to be told no merit after reading that. But oh “they might revisit in summer”…uh huh.
Correct!
It takes a lot of nerve to suggest that money has any value or meaning for associates.
They are the worker bees - not the leaders, the innovators, the managerial class, the best and only real talent in the company!
WARNING - SARCASM
Merit increases? Bah!
Who among us lowly associates needs or deserves a merit increase?
I mean, really.
Well they sure know how to travel and spend money…
To those waiting to hear about merit increases, they have until the 14th to tell you. If your boss is a weasel, and you were denied an increase they might not even bother to tell you.
@2elp+1rKCa39n, the merit is now will be reviewed by SLT and then with Frank next week. I believe conversations begin April 8th.
Has anyone grade 10 or below gotten communicated a merit increase? I am grade 9 and have not.
i was told they are cutting on hiring, increments and also cutting extra costs where possible
Debt is in the Annual Report (10k) and the quarterly report (10-q).
You can usually check the debt schedule to see how much is coming due and when it is due.
Where is the debt dollars documented?
What do you expect?! The company is in 23 billion dollars of debt. It runs like the USA. It’s practically bankrupt and is a zombie organization. Milk it for what it’s worth and smile after you give them the big f serv! Have a pizza and think linguini. Mamma Mia! Magnificento!
Because this company is sh-t. I can’t wait to get out. Godspeed.
what is the highest grade?
also heard there is hiring freeze , some units did very well, some tanked and over all company is down, is that right?
yes no merit raises yet for 2023!
Grade 11 and higher didn't get merit this year? How can that be justified? Sorry for all my friends still at Fiserv.
I have been here less than 1 year. I say every job is a new adventure. Adventure at Fiserv su-ks and i am considering leaving
this year comp is the following:
grade 10 and lower: no bonus, paltry merit increase, no RSUs.
grade 11 and higher (except c-suite): no merit increase, paltry bonus, bullsh-t RSUs.
welcome to fiserv.
Contract workers - I was one for 2 years - NEVER go perm. Oh they promise this, that and t'other but never come thru. And they are easy to fire - no severance, for any reason or just let the contract expire and gone they are. No benefits either. So they are ALWAYS looking for work.