Fidelity Investments
Truth behind it all

Well... I guess she's just "lucky to have a job."

One dept. Moves all salaried employees to hourly due to the new compensation structure that was implemented. Because of this, some had to take a 20% decrease in pay. Yes, that is disheartening, but wait, there's more!

There was one individual who was always hourly. She met with her boss so her boss could show her the new comp structure. During this meeting, her boss said he hoped to move her into the next compensation quartile by helping her obtain certain experiences and certificates. She was quite pleased because during this meeting her boss also pointed to a salary figure and said that this is where she fell currently, but could jump up when she got these certificates. Truth be told, she was below that salary point and figured:

Much as some had to take salary adjustments in terms of a decrease so they fell in line with the new comp structure, she expected to have a salary adjustment in terms of an increase so that she was within the right salary.

She informed her boss that she was actually not at the midpoint range. His response: Oh... I didn't check... I just assumed you were there. Uhhhhh... Budgets are tight right now.

Funny how some had to take a decrease in pay to be in line with the new comp structure. Yet, there was no salary adjustment for her - It just didn't benefit the company. She feels very upset by this. Personally, I think she's over-reacting - She should feel lucky just to have a job.

Company: Fidelity Investments
Country: USA
State: Kentucky
City: Covington
Address: 100 Crosby Parkway

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