merit increases are coming...but don't get too excited

Hi all

so, we did got money for merit increases this year despite everything. but here is the inside scoop.

the budget was significantly reduced compared to last year, so there is less money to go around.
there are several new rules in the system that prevent either giving you money at all, or limit the amount of money you can get.
the guidelines are: if you got rated as a 5, its 4% max, if you are a 4, its 3%, if you are a 3, its 2% max. if you are a 2 or a 1, no money at all, and its basically a death sentence. if you get a 2 or a 1 in your performance review, start looking for another job ASAP, your name will show up in a WFR list for sure in the next couple of months.
if your compa ratio exceeds 115%, you will get no money at all, regardless of your rating. this is a new rule.
if you are rated as a 3, you get max 2%, no exceptions.
if you are a 4 or a 5, you might get a bit more than the max, as long as the new salary does not exceed 115% compa ratio.

of course, this is all at your manager's discretion. each organization is setting additional rules to determine who gets what %, but the ones mentioned above are enforced by the system. any additional ones, are at your manager's discretion.

So, its going to be slim pickings no matter what, and understand that money is not guaranteed under no circumstance. you might be a 5 and still not get money because your salary is already above the 115% compa ratio.

and again... if you get a 1 or a 2 as a rating, better start looking for something else. the severance package is meager and it goes fast, so do not assume because you have been here 35 years you will get a fortune.... you will not, you will get the middle finger just like everybody else.

Don't belong, never join, think for yourself, peace.

Comment! It's anonymous!

32 replies (most recent on top)

I got a 3 rating and a 2% increase after a glowing review. Not feeling very motivated today.

Yep. 3 rating, 2% increase, literally half of the increase I received last year for the same rating. Is this supposed to inspire me to excel and do more? Lol Byeeeeeeeeeeeeee.

My top performer who is working and performing above her pay grade was given 2%. Meets expectations. This place is shameful.

My manager has fabricated his entire resume. Most of these middle manager clowns aren't fit to greet doors at Walmart.

I can't speak for all middle managers at GWT. But I can say without a doubt my manager wouldn't know how to tell the truth if it ran over him. Talking about the great demoralizer. Him and his non-experienced shift supervisors have been riding the gravy train long enough. GWT the most non-technical technical country.

Grilling burgers on company time is morally wrong. Next time opt for a nice vegan salad.

Cheers!

Having a beer on company time.

Another fun day of grilling some burgers and playing video games on company time.

Letting the days go by......

It’s pretty simple math.

You don’t pay me fairly = I don’t work for you fairly.

No surprises here. Gainwell defrauds their customers. So it stands to reason that they would do the same to their employees.

Yep I’ll continue to do nothing with my feet on the desk.

The majority of folks won’t get a raise as it was told in numerous trainings to rate everyone a 3. The chart was very specific as to the percentages. Like 10% of the company should get 4’s and 5’s. They pushed that agenda and then turned it around later down the line to tell us that only your high performers would get a raise if again they were not above the comp ratio. Those with 3 ratings would not get a raise so the high performers could. Extremely deceitful! So whoever posted this is telling the truth. Do not
Trust this company. Look for work elsewhere!

Oh yeah Danny boy is another imbecile and his "leadership" is one of the main reasons I don't care about this job

reply to @5xqg+1sRcUhgz

Dan F---ing Gonos, major league d-bag. Him and AJ are two peas in a pod, cut from the same cloth.

Merit raises last year or 2023 were effective August 1, and it was July 1 for 2022.
What timeframe are we looking at for this year? Of course the raise amounts and expectations are pathetic.

Quick name a bigger du----s in this company than AJ

People earning 180K+ must be fired.

Project Mgrs are cr-ppy. Need to be let go immediately!!

"what is compa ratio?"

is short for "compensation ratio". The position to which you are currently assigned (and all of us are assigned to a position) has a salary range composed of 3 things:

Minimum Salary
Middle point
Maximum Salary.

if your salary is at the middle point, your compa ratio (compensation ration) is 100%, if its beyond the middle point for the position, then its above 100%, below the middle point its below 100%.

the problem with this is that salaries are all over the place, and plenty of people are not in the correct position. Example:

you got hired as a Professional, a long time ago, and little by little, you have been getting some salary increases, but not an actual promotion. because of those salary increases, you might end above 100% compa ratio, but in reality, you should be a Senior Professional at this point, but because there is no promotion in sight, your manager might have tried to compensate with salary increases, because the promotion is out of the question.

if this is your case, and you hare above 115% compa ratio, and in particular if you are rated as a 3, you will get no money at all, I'm assuming their "logic" was that you are already over-compensated and you are "just doing your job", therefore no money.

these rules are new and they are last minute. none of this was properly explained, so, they just aggravated an already bad situation, because this year the budget for salary increases is 2% of payroll. Last year was 3%, so they effectively reduced the available money by 50%.

How much of a raise are all the project managers getting? Whatever it is it is too much. I have yet to see a successful project at this company and there are more project managers than engineers.

What is compa ratio

Thank you to the original poster for this information. It lines up to my knowledge during budgeting…….Heads outside to work in the garden

Yeah - Raises!

Wow. Gainwell is in serious trouble.

I just took this job. This is my third week.

I wish I would have done a little more research before blindly taking a job with what I thought was a good company. I thought since they were so big and involved with government contracts surrounding Medicaid and Medicare that it would be a solid place to work.

It sure looks like I have made an extremely poor career choice.

Good luck to everyone that works for Gainwell. May we all find other jobs very soon and leave Gainwell high and dry.

Raises will be low.

The layoffs will continue.

Ramping up India will continue.

Gainwell poor performance will continue.

Operating in the red will continue.

The dishonesty and ripping off the clients will continue.

Some facts - 78% of the accounts are on a corrective action plan (CAP).

92% of accounts are missing SLAs.

Over 26 accounts are at risk of being lost.

Cash reserves have dwindled to alarmingly low amounts. Exact figures are hard to find. But they have dropped from $1.8B to less than $60M and continue to go down.

Don’t believe all the lies the leadership is telling you about things being rosy. The situation is more dire than ever before. Leadership thinks more executives will solve the problem. Sadly these executives are inept. They are not capable of saving the company from failure.

At the current rate of operating in the red Gainwell will run out of cash and be forced to take a loan within the next 6 months. This is if everything stays status quo. I’m sure they will get creative and extend that out longer with offshoring and layoffs and constant restructuring.

Gainwell has no viable plan to correct the situation. Their trajectory is down and not up.

It might be time to consider other options if you aren’t already.

It’s a good thing India is struggling to get things organized or there would be a lot less of us in the USA already.

Burn it to the ground.

Doesn’t it just make a person want to work extra hard for this company?

What a joke of a company and leadership. All the fake and paid for awards can’t fool the people actually working here.

The leaders have no idea what they are doing. The company is in financial peril. They are operating in the red. They are losing more business than they are taking in. They are selling things they have no intention of delivering. They are willingly taking advantage of states. They are operating illegally and unethically.

Anyone that takes a job for Gainwell did not do their homework.

Same as it ever was.

Gainwell takes advantage of everyone and delivers nothing.

Those execs sure know how to run a company.

Ride the free train as long as you can. Eventually they get exposed and sold or shut down.

We get scraps but at least Mark is approving a boat load of VP+ level hires, ya’ll! 🙄

No surprises here. Gainwell letting down their clients and their employees.

I’ll continue to keep my feet on the desk and do nothing.

Cheers!

Thread regarding Gainwell Technologies layoffs

merit increases are coming...but don't get too excited

32 replies (most recent on top)

Post a reply