Hi everyone, first time posting here.
Mainly looking for suggestions on how to best deal with this.
Before I begin I want to point out that I am from Australia and some of the things might not apply I guess?
I am in Finance and have worked my way up to a Lending Manager role within 3.5 Years in one of the top 6 Banks in Australia. Now the company I work for currently is not the absolute worst in some comparisons however there is very toxic mid / high level management that is currently destroying the company, at least in my state.
Staff turn over is ridiculous, shortage of staff due to not being able to hire people etc etc. (in reality they don’t pay well,no OT etc).
Current market rate for my role is 20-25% higher than what they are currently paying.
Now my issue begins End of August last year when I was promoted into this position after they had failed to fill the position for 6 months.
On a call with all of the other Managers we were told that bonuses for performance are let’s say 10% & 20% (10% for hitting 100% and 20% for hitting 130% of target). I said cool, that sounds awesome , I’m going to work hard, do unpaid OT and smash my targets.
We have just had a 6 month review from September-Feb and I had hit 138% of my target. Now, on my review I sat down with my managers and they proceeded to belittle me and say that I wasn’t really doing good enough and that I wouldn’t have been able to hit these numbers without my managers “help” so they said okay you should take out this deal of “x Million” and base your score without the x million included. I said okay it’s not fair but fine, it still brings me to a 108%. (Manager did absolute fuck all and got credit).
Couple of months after they have finally completed the reviews, to my surprise I didn’t get a bonus. I enquired about this with current manager (other manager quit, not before throwing me under the bus) and she said I will check. I get a message saying to add up every single thing I’ve done over the past 6 months and they’ll review it. Obviously this is bullshit so I really don’t know how to proceed with this.
Would appreciate any suggestions etc, keeping in mind contract states that bonuses are at discretion. (0 sense)
I am currently looking for another job, out of 11 Lending Managers I am 3rd best so shouldn’t be an issue moving however I’m pissed because was really looking forward to some extra cash.