#meritincrease

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No Promotions in 2026

Just got word from a friend who is a manager that only 0.25% (1 in 400) employees will have the opportunity to receive a promotion in 2026. This is supposed to be very hush hush and hid from employees. If offered a promotion, you will get 4-7% of a bump in pay.

This might have already been said before, but I couldn't believe it. If I get exceeds every trimester, I will still not get a promotion is what this manager said. It might have to get approval at GP level.

I might have been naive with everything. Time to start looking at other jobs.


Merit this year

So, now that reviews should start coming back, what low % are we looking at this year for ‘above meets’ or whatever label they’re using now? I’m considering posting out to a lower level position. My thinking is if they can’t pay me for the additional workload I e taken on I might as well just work a lower level position that actually reflects my salary and make life a bit easier on myself. Anyone else thinking the same?


Disappointed

Disappointed in the firm. Not only was I reimagined , received a demotion and changed from salary to hourly, but that put me into a category where my merit raise is about 1% and bonuses are half of what I used to get . Not to mention the force back to office 4 days a week, tracking your location when you open up documents. Since when did this turn into highschool?
Why is this happening? I have been at the firm a long time. Nothing like this has ever happened. So much for work life balance


Merit and RRP a Joke here!

We are being told if you are a 3 or a 4 this year for your merit increase expect somewhere from a 0-1%, what kind of a joke is this company (doesn’t even cover inflation here in Texas) yet they give those a*holes at the top millions of dollars in bonuses…

RRP somewhere in the realm of 70%, this company expects you to put in 100% effort while paying you pennies, are we in China? So my advice to everyone, milk your job and do the bare minimum.


Cuts and more cuts

Everyone is being told they have to make do with less, and the next 12-18 months are going to be very challenging, rough, bumpy, tenuous. Masked words to likely mean layoffs, possible merit and/or AIP freezes or worse. Does anyone else find it interesting that the new interim CEO and these events all line up? Isn’t he a finance guy? Are we experiencing exactly what they hired him to do?


Review Process Corporate

I just need to blow off some steam. Anyone else think the review process is fu--ing stupid? I’m so tired of it. Every year, EVERY YEAR, they change the god damn format and make it more difficult than the year before. They move the goalposts on our evaluations so we receive the bare minimum increase on top of our bonuses. I’m tired of being held responsible for things that are outside of the responsibilities of my position. It’s bullsh-t. I’ve submitted my review twice now only for it to be sent back bc I was missing some things. No explanation, no direction. Just forwarded emails. The review process in this organization is fu--ing stupid and ridiculous and honestly? They don’t even look at them. They just want them completed so they can sign off on them. I know this to be true bc I’ve used the same verbiage in my personal comments for years now. They don’t look. They only care about paying the least they can pay. These reviews are a fu--ing headache.


Record Year

Just saw an official Schwab social media post about how well the company performed last year. It’s too bad that won’t translate into better merits and bonuses

Had a quick talk with my manager today and they said merits and bonuses were virtually identical to last year. How?!

When the company performs poorly, we get merit and bonus cuts. When the stock skyrockets, we remain stable, all while the EC enriches themselves. Approves 20% pay increases for themselves, stock options, golden parachutes etc.

Pay increases for us plebeians doesn’t cover inflation and the rising cost of living. What is the actual point or incentive to try at this company? Promotions are political, not based on merit. Pay increases are stagnant. You’ll get your 2-3%, smile, and keep toeing the line or you’ll be kicked to the curb. Sh-t is discouraging, man


Deadline for Merit Increae

I didn’t have a meeting with my manager regarding my bonus or merit increase, and I was wondering if anyone knows when the deadline is for those discussions. Will a compensation statement still be released if there was no bonus or merit increase? I found this a bit surprising, as my year-end review was “Meets Expectations” and the feedback throughout the year was very positive.


Merit raises are right around the corner!

I can't wait to see what my rating is, and I really look forward to waiting till July to get my increase. It is fun waiting and getting another opportunity to have a second touch point with my boss instead of getting my raise at the beginning of the year.


No raise for you!

It was just announced that the Teradata ELT, in their infinite wisdom (or more accurately lack of wisdom), decided unanimously to forgo merit increases (salary adjustments) for employees this year so that that money can go to hire new AI-based experts. My guess is that this really means using the money to hire more VPs and SVPs and fund those salaries with raises that should go to existing employees. Never mind that everything keeps going up in cost, and Teradata insists on charging their customers CPI to keep up with inflation. It's pretty obvious that they don't care about your salary keeping up with inflation.


2025 Bonuses - Retail gets 150% - Everyone else 50% - 75%

We work for one company, Retail can't function without IT yet every year they get 30% - 50% more bonus payout. This year will be an even bigger slap in the face with IT getting less than half of Retail along with a measly 2% merit increase, promotions canceled, American IT jobs displaced to India, and layoffs in Q1. Why pretend RTO is for collaboration? It just makes leadership look dishonest.