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Anybody joining Barclays on 11.11.2022(tomorrow)
Hi sharks.. what would be monthly in hand?

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How many levels are there?
If there are quite a lot (I’m thinking 8+ up to CEO) then it could work, if multiple promotions are possible.
Also you’re saying base pay, presumably bonus is still a differentiator?
Assuming the brackets have competitive numbers, it’s an incentive to move up. If you just want to stay at the same level, I don’t see how it matters either way. I’m wondering if this just makes more problems them it solves, honestly.
I would assume there are still ways to move up to the next bracket. I’d recommend having a conversation with your manager about what it takes to reach that next level. That discussion could provide clarity on how to go above and beyond and what the next steps look like.
I’d like this structure if bonuses were based on performance. This would prevent such a drastic disparity in pay for the same roles but still incentivize those who go above and beyond
Rising Star
Agreed!