BAC payout change for 08
Anyone care to guess or know the changes? Heard 20% under 500k. That would be INSANE!
hard to believe
…from a bank, that would be standard operating practice…
Seriously, I have a hard time believing even a bank would attempt that low of a payout.I've heard the rumours that the bank would like to go to a salary plus commission model. But I don't think that would happen this quickly.
They are way to concerned about head count and losing reps to Citi (in N.E.) to shoot themselves in the foot like that.
too
over 5 years - sub 350 - ouch!
NOFX? the grid is out?
Heard something like that. should see shortly.
ridiculous
Under 500K/20% was thrown about…Delayed until next year.
strictly a guess - 350 is the FA1 /FA2 # and +/- 5 years is pretty standard.
Thanks for coming in today guys and working hard…oh, and by the way in a week we are going to take you out @ the knee’s. You think they would give guys some time to get #'s up jeez.
You’re a bank employee, why would you expect something like that? After all, you are talking about the same organizations who historically hire mostly part-time tellers and keep their yearly hours down so they don’t have to pay for full-time benefit costs. These are the front-line employees who handle cash and most frequently deal customers.
So why would you expect them to treat financial advisors well? Especially when they think you’re making too much relative to their expectations?
Are you pretending to be someone?Thanks for coming in today guys and working hard…oh, and by the way in a week we are going to take you out @ the knee’s. You think they would give guys some time to get #'s up jeez.
Mom?
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