https://finance.yahoo.com/news/bank-america-cuts-ceo-moynihan-212851558.html (Bloomberg) -- Brian Moynihan’s total compensation as chief executive officer of Bank of America Corp. declined 3% to $29 million for 2023, a year in which pro... I don't... — read more 

I know it, you know it and BoA knows it. A 3% merit increase and a 10-15% bonus still leaves you way under paid as inflation eats away your $. So as you sit there thinking about the fact that once again you’ve been duped, short-changed and... — read more 

I left BOA a year and a half ago for several reasons. Work burn out post Covid was the primary one. People were leaving in mass numbers and work was being piled on me. It got so bad I started to struggle with depression. This was the start of them... — read more 

BM said something about cash awards to a select number of associates and that managers would discuss with those who would receive in February. Has anyone heard when in February these cumbersome conversations will happen?

E / M with no increase in total comp, don't forget about the flying inflation outside of the world. I am literally living a worse and worse life as I'm working here.

I’ve heard various rumblings about the MyWork program….that they are going to have to re-certify and/or come back in the office. Anyone know anything? I got pulled out of it a long time ago and supposedly the whole program was going to be abolished... — read more 

My team look like zombies walking around on the floor. Morale has been low for the past year but after this compensation season, it seems to have taken the wind out of everyone's sails.

Looks like new round of Branch closings for 2024 is out. https://en.as.com/latest_news/bank-of-america-bank-branches-closing-in-february-and-march-here-is-the-full-list-n/

This is my first encounter with this type of behavior, as it has never been present in any other company i've worked for. While "Trusting the Team" is a wonderful philosophy, i often wonder when this boundaries into naivety Unlike many posters... — read more 

Management believes that pushing you by yelling at you and making you work like crazy is good for the company. Thankfully, I've landed a job somewhere that's thriving and has a great environment. I'm just sad I wasted years of my life at BofA. The... — read more 

Has anyone in the Wilmington, De office heard about a potential moving of locations being announced next month? I know this has been a longstanding rumor, just wondering if anyone had any concrete info. I saw a post the other day about the... — read more 

Any MFSA not get a salary convo this year? I haven’t yet.

The company and the shenanigans are making headlines again. https://www.entrepreneur.com/business-news/bank-of-america-threatens-employees-who-dont-return-to/468879

I joined the Bank through a development program therefore I never had a real bonus. After COVID hit, I noticed everyone's bonuses started decreasing. The amount I see now is similar to what I'm used to getting. What was considered a normal or... — read more 

Bankers Feel Sting As Their Bonuses Fall Again [Paywall]: https://www.wsj.com/finance/banking/flat-is-the-new-up-for-banker-bonuses-5a64c333 (I don't have a subscription to pull the article, but maybe someone here does. The headline rings true and... — read more 

My bonus was exactly flat to last year. Just curious how they treated y’all bonus-wise across LOBs…especially as my questions about the bonus pool are continually unanswered by my managers. I’m a Band 5 and got a meets/exceeds.

Anyone know anything about in office time tracking? Heard from a higher-up that they will soon be tracking this. Will it be measured by vpn usage and/or exit swiping? Is there a minimum daily requirement for in office hours to count towards 3 day... — read more 

Does any one know if we can view paystubs from a non BofA device the employee resource page doesn’t allow it

Do they take the drastic increase in cost of living (especially in Florida) into consideration when distributing raises? We can’t afford to live in Florida with this 1-2% raise every year because everyone moving from other States (with their CA... — read more 

https://amp.cnn.com/cnn/2024/01/22/opinions/remote-work-jobs-bergen/index.html

https://www.inc.com/sarah-ly--h/do-rto-mandates-boost-company-performance-new-research-suggests-no.html

Been a long time since we've had actual layoff news to share on this board... 20 investment bankers cut in Asia (HK, I think) on Jan. 22. Now a few more to come in US and Europe... — read more 

Welcome to the (unfortunate) 4%! https://www.inc.com/sarah-ly--h-/rto-is-dead-heres-how-small-businesses-can-win-over-employees.html

If you received a merit increase, does it equal the cut that was taken from your cash incentive? Making your 2023 compensation equal to 2022’s compensation.

Compensation talks have been brutal and it’s because this company tolerates the bloat within the ranks. You’ve got two people working at 50% capacity for one FTE’s amount of responsibilities. Start with HR. They spend dozens of millions of dollars... — read more 

Exceeds / exceeds and got 2% increase and flat bonus. All done being exceeds.

https://www.cbsnews.com/amp/news/child-care-costs-us-families-exit-workforce/

Does anyone know when we might hear about restricted stock units this year?

I worked for this cr-p place for almost 20 years. Escaped 2 years ago and it's never been better. My excuse always was "nobody pays like BAC". Not true, especially after they continue to bleed you dry for 2% increase a year....what a joke. Take... — read more 

Do you know what is the start of six-week WFO period this year? Is it Jan 2 or Jan 8 ? The reason I'm asking is because of a Letter of Education that somebody received (posted here several days ago). That previous cycle seemed to include the week... — read more 

https://www.efinancialcareers.com/news/surprise-as-bank-of-america-cuts-jobs-three-days-before-bonuses

Hmmmm, hopefully it's for good reason and the internal hiring freeze is being lifted soon

Has anybody undergone a job search process with a job search specialist? How was the process. Were they successful in identifying a role?

Had my comp convo today, anyone else? Received Exceeds/Meets, increase is 7%. Coworker on my team received a meets/meets and got 4%. Band 6 in Global Ops.

Are YE Comp Statements negotiable? Expecting a minuscule raise (if any) per usual, but has anyone ever successfully tried for more? If so, any tips?

BM bragged that employees working hybrid schedules saves the bank about 20% So that means he is aware that when we work from home, the bank is offloading the cost to employees. Whether the employees are saving money on commutes, child care etc... — read more 

Has anyone actually received a call or email for not being in the office 3 days? What happens on your "first offense"? Do they check the time the badge was swiped?

When will they share comp decisions?

Is it true?