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Bowl Leader
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Fidelity Investments I joined FIL on 08th August 2022 and hence was eligible for appraisal but even after a good feedback, I was told that there is no increment in salary as well as bonus because of "Too Soon To Decide" rating. And this is being followed not just in our team but in whole FIL. This is the first time I am hearing such kind of thing and didn't found any thing like this on "HR Hub". So, if anyone of you know about this or have received similar gyan from Manager, please share your experience. Fidelity In
Job-Hunting reach-out to VC from previous fundraising effort for own startup
I have e-mail archive from 1y ago of my reach-out to 65 VCs in London: we had video calls, they might remember me still, who knows.
I want to send a reply/forward message to the same e-mail thread from abc@gmail.com, saying that I am looking for roles within their VC firm. Is that a good idea?
Or shall I just start new email thread and mention how I know them?
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I highly doubt that. As a manager myself I certainly have never been bonused on not giving out raises. I would think as a manager you would want your people to get raises.
Rising Star
I respect your view. I wish more managers thought like that. Unfortunately, I have seen too many use “budget” as a shield to avoid valuing their team properly.
Rising Star
Honestly, it's wild that this even feels like a valid question. Whether managers officially get bonuses for minimizing payroll costs or not, there's often an unspoken incentive to keep budgets lean. And unfortunately, salary growth seems to be the first thing sacrificed.
If they are doing that, I’m not getting any! Our budget this year has been communicated to us as needing to be ‘optimized’, so no room for anybody really to get a raise or much of a bonus.
There might not be something as obvious as getting bonuses for denying raises, but there is no doubt in my mind that it's one way for middle management to impress their bosses.
Rising Star
Saving money gets rewarded more than developing people. It is subtle, but the pressure is real.
It seems like every business is obsessed with cutting costs. When top management reports quarterly earnings they want to talk about how they're saving money. So there is a definite incentive to be reluctant to raise anyone's pay.
Rising Star
Cutting costs has become the headline. Raises? That is just seen as extra spend, not investment.
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Sometimes it feels like they get a bonus for saying no, doesn’t it? Most of the time it’s budget politics raises mean paperwork, approvals, and admitting you’re worth more.