3.0
Jan 17, 2024
Recommend
CEO approval
Business Outlook
Pros
*Reputation as top tier bank *Pay for new/recent hires (mark to market) *Moves forcefully when business objective determined by senior management (divisional leaders)
Cons
*Organizational politics supersede performance/contribution in pay and promotion process *Tyranny of the urgent: unwilling to invest in core business/process, constant pursuit of the next, newest thing *DEI focus (could be a pro for you) takes away from meritocracy *Inequities in compensation for longer term employees