Unless you are all geared and ready to claw, manipulate, push and overrun up the ladder, that is. If you are here just to work and not interested in climbing up, five years is the maximum before you become so overworked, exhausted and burnt out that you may want to never work again. I’ve been here for little over four years, and I’m so ready to leave.
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@1arx here’s a piece of advice for all of you people that are coming up on sabbatical or have eligibility.
Make sure you schedule it.
You can always move it, but if you don’t schedule it and fall subject to layoffs, you will lose it and not be compensated for it
Additionally, if you have other benefits like deferred stock options, you will lose them. and then Management will turn around and reward the people that are still there with the deferred stock options that were taken away from you.
Normal firms feel a bit responsible when laying off employees and vest deferred stock options and shares. Not schwab.
a disgraceful company one of the worst I’ve ever worked for. What makes it really horrible is that they pretend to be such an employee friendly firm there is nothing worse than hypocrisy from a sociopathic management team that guards their own at the expense of other others
1arx+1v03lWFq, that is really great and I hope you continue to feel that way. For me, I work hard on a difficult team with no mobility here for various reasons. When you feel stuck, it shines a light on other problems.
This company is a behemoth, it's very hard to challenge or change it without removing layers of people.
You haven’t been here long enough and are in the honeymoon phase
Interesting how experiences can differ. I couldn’t WAIT to get away from TDA. NOW, I love it at Schwab. I know that’s not the forum vibe check here, as misery loves company, but to operate on facts vs. feelings is important to understand the difference. Lots of feelings on here, just like MY feeling that I love Schwab and wasn’t big on TDA, but I think recognizing the discourse here and what falls into what must be acknowledged. Good luck out there.
Depends on your pay and bonus/TC, type of work, scope creep, managment chain, co-workers, proximity to an office (RTO), etc. It doesnt have to be 5 years or less.
Disclaimer: Since I was laid off last year things may have changed regarding severance.
However, if the severance still allows (anyone can read about severance on the Schweb (jump word “severance”): if you’re worried about being laid off, my advice is to schedule your sabbatical now, you can do so up to one year in advance which means even you’ve been at Schwab only 4 years you can schedule it now for one year out, because you’ll be eligible at that time. This will get it on the books as approved (assuming your direct manager and one up both approve). Once you have this in place, if you’re laid off prior to taking that sabbatical, you will get paid for that unused sabbatical, in addition to the other severance benefits.
Hope that makes sense. Like I said, they may have changed it since last year.
They may have sent that email about spacing sabbaticals, but HOW they are really going to do it remains a mystery for the teams involved in doing it. Like everything, decision comes from the top, is handed down with no obvious way to act on it, then everything needs to be approved up the longest chain ever before trickling back to you at the bottom. The better question may be if you wanted to keep waiting through 10 layers of unnecessary vanity decision-making.
Your sabbatical might happen late into your 6th year at Schwab if that makes the decision of "how long you'll hang onto a job you don't like" any easier to make. Do you want to stick around 2 more years for a month off?
They already sent an email going over how they are going to space out the sabbaticals don’t spread false info
If you’re hanging on because of sabbatical I would consider if Schwab is even going to keep those. Keep in mind that all of those TDA employees who officially became Schwab employees with the integration will ALL be eligible for sabbatical on the same date. I highly doubt Schwab is going to want to navigate several thousand people all being eligible to take a month off in the same timeframe. Just like Schwab has lied about and taken other promised things from employees, do not be shocked if sabbatical is next.
Whats interesting is that I worked 5 years for TDA, and 1 year in a new role for Schwab. For those 5 years I worked at TDA, I did a lot of hard work, worked on a ton of challenging projects, and even had quite a few late nights, but never felt burnt out, undervalued, or abused. I felt like I was continually getting smarter and my talents were appreciated. However, the 1 year and 4 months I have spent at Schwab has been the complete opposite. Burnt out, silenced, written up, and under-appreciated. Time to get out for sure, so sad!
I can find other jobs and similar pay, but I feel stuck because of my benefits- bonus, pto and sabbatical. Do I stay miserable with everyone here to use those benefits?
I agree. It was a mistake not leaving sooner for me now that the job market is oversaturated. Things are not like the past were you could work for a company until retirement. My advice to anyone is to leave after 4-5 years as soon as you see a better job. It will be costly for companies to hire and train new talent but they brought it upon themselves.