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Report: #439306

Complaint Review: Fidelity Investments - Covington Kentucky

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  • Reported By: Florence Kentucky
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  • Fidelity Investments 100 Crosby Parkway Covington, Kentucky U.S.A.

Fidelity Investments truth behind it all Covington Kentucky

*UPDATE EX-employee responds: sadly....

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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.

Truth be told
Florence, Kentucky
U.S.A.

This report was posted on Ripoff Report on 03/30/2009 07:37 PM and is a permanent record located here: https://www.ripoffreport.com/reports/fidelity-investments/covington-kentucky-45002/fidelity-investments-truth-behind-it-all-covington-kentucky-439306. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 UPDATE EX-employee responds

sadly....

AUTHOR: Sam - (U.S.A.)

POSTED: Wednesday, May 27, 2009

It didn't matter where she fell on the pay scale. I used to work for Fidelity and they were working like hell to freeze pay or scale back pay.

Fidelity, as a company, pays less than it's other securities competitors, but at this point, if Fidelity is still willing to honor the certifications (and FYI, they can reneg at ANY TIME FOR ANY REASON and HAVE!), let her take them! Fidelity has to pay for them and license her where appropriate. Then she can go to another firm and thus make herself more marketable in the future, probably make more than someone of her new co-workers who aren't licensed.

Take the opportunities your given and run when you get them! Fidelity ain't gonna show any loyalty to her!

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