Specifically, you will never get a market rate raise at Ellucian. The company has had the most successful past two years in their history according to their CEO, but has taken absolutely no step to compensate the employees for this success. Your manager at Ellucain will be given a tiny 2.6-2.8% pool through which he can give promotions and all raises for his or her team every year. If your team is small, you will be given 2.8%. Not even cost of living for their Reston HQ location. Promotion? Expect 5%, even if it is a major step. Don't forget, any additional raise you get over the pool amount comes directly from your team members pockets, so don't expect anyone to support you on your career ambitions. NO EQUITY. CRAP 3% 401K MATCHING. Again, no equity path for a pre-IPO stage company, which is pathetic. Bonuses: Read the fine print. They are dependent upon reaching ALL financial goals and they wont really share real numbers with you just red yellow or green "indicators". I have been here four years and have ONCE received 100% of the bonus and this was treated as if the company was being kind rather than compensating their employees properly. Ellucian will burden you as a manager with not one yearly performance review, but a series of 8 yearly meetings with each of your direct reports that is so poorly defined and mis-handled by most managers. The system is so complicated they have to run a substantial training system just to get you the basics. It is onerous on managers and they all have to be completed on essentially the same weeks twice a quarter. I have been at Ellucian for 4 years and have had 4 different VPs that I reported to. The good ones are now gone and replaced by the inept and micro-managing.
The worst part of all of this is that they disrespect employees constantly by cutting costs in stupid places and lying about the reasons. New open office? To "foster collaboration and team work". Reality: cost savings and most employees moving to remote if at all possible. Getting rid of soda and making the coffee system a giant pain in the butt to actually use? "Going green" or a new "health initiative" for the company. We all see through it and they consistently disrespect us with this stuff.
So you want to switch to another position at Ellucian to continue your career growth? Good luck getting your manager to support you. It will cost them more to replace you because they will have to hire at market rate so they will attempt to resist this. Other internal hiring managers are reported by the company to be encouraged to hire from within, but they rarely do are are not incentivized in any real way to do this. You are going to be stuck in your role with crap raises for your entire time at Ellucian.
