Capital One Employee’s: How will they ever make the McLean towers safe to return to?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because to get rid of the higher level folks, they have to offer lucrative settlement packages....

Not if there is a gross misconduct.

We just had one shown the door. This person completely ruined a good team and caused many good people to leave the agency. We heard that the person got a very handsome severance package.

That's a poor performance and not a misconduct. I doubt you would get any in the case of misconduct unless you have it in your contract.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Cap One. Never get a job there in the beginning of a year. Bonus issue.

Vacation days seems to have be a disconnect between recruiters and employees.

Yearly reviews, 20% of employees are made to be below standards, means no bonus, or lower bonus, possible layoff, etc...
FSA as an administrator tries to deny claims that are legit medical expenses.

HR stinks period.

Employees were told work from home til Jan 2021 and that at least IT will not be going back ever.

Interesting. Do you work there? My spouse does and several of these things are not in line with our realities. If you do work there, are you sure you aren't exaggerating for effect?

NP.

There’s some exaggeration going on for sure.

The 20% comment is in reference to the forced curve. It’s true that there’s an attempt at forcing a bell, but you have to be pretty bad to end up in the bottom. They don’t force good people into the 20% bottom, and it’s usually pretty “self correcting” - there’s almost always 1 or 2 people who fall in that category, and no one does the math to confirm whether that’s 20% or not. If there isn’t anyone they talk about the bottom performers and try to suss out who is the weakest and shouldn’t get a “meets expectations”. It’s harsh, but it’s also really not that unfair. Anyone who ends up in that bucket IS underperforming their peers by a wide margin. I’d argue is more unfair is the folks who barely miss “Exceptional” or “Very Strong” for the smallest of reasons and lose out on bonus.

The vacation thing I don’t get. Everyone I know takes as much as they want. No one ever calculates anything

Re Jan 2021, Whats been communicated may vary by department perhaps. In general, there seems to be consensus it’ll be a while before they reopen.

Source: 11 years at company

Um, I am a people manager there and have been forced to lower ratings during calibrations and to drop people into the “inconsistent” category which negatively affects merit pay and bonus. These were not bad performers just average performers in a bad performance system (even GE pulled out of this performance system and they created it). Upper management usually chooses the easy targets to drop into inconsistent (think white males) as they are going to get the least amount of blast back for doing so.

If you are a woman and honest over here, you would know the kind of sexual harassment goes around at CapOne.

[Anonymous]

Anonymous wrote:Getting a surprised bad rating at the end of the year is more common than you think. Also, they would tell you change the feedback for your manager if you are not super positive. It is all game and politics and good performers at lower and mid-level usually leave pretty quick. At Sr manager/director level, there is also a good amount of bickering of making themselves look better by throwing their team member under the bus.

I’ve also noticed that it’s basically the same core group of people who get the exceptional ratings each year. They know how to play the game even though they are “just doing their job.”

[Anonymous]

That's horrible. Talking about boosting moral.

[Anonymous]

Wonder if there is going to be some cost cutting of the contractors if CapOne is struggling? They didn't do very well with the stress test yesterday.

[Anonymous]

I have to think that once the dust settles, there will be some layoffs. Wells Fargo is talking 20% of their workforce (that’s 50k). The forecasts for Cap One are not great....

[Anonymous]

Any hotties at cap one?

[Anonymous]

Anonymous wrote:Any hotties at cap one?

This has been covered.

Yes. Many.

[Anonymous]

There will be a vaccine at some point. Then there me another virus at some point, but there may not be.

[Anonymous]

Anonymous wrote:Wonder if there is going to be some cost cutting of the contractors if CapOne is struggling? They didn't do very well with the stress test yesterday.

This is already happening - hiring freeze in place and they are slowly cutting down on contractors. Need to get about 25% of the loafers at CapOne and productivity wouldn't come down.

[Anonymous]

Apparently, office item expenses have been pretty tight lately and it's not easy to replace your new phone or laptop at Capone. Definitely, trying to save some $s but still wasting a lot.

[Anonymous]

Anonymous wrote:Apparently, office item expenses have been pretty tight lately and it's not easy to replace your new phone or laptop at Capone. Definitely, trying to save some $s but still wasting a lot.

They are saving a ton alone with no one traveling or expensing meals...

[Anonymous]

Yes, but the biggest expense are the employees which they have a lot.

[Anonymous]

Anonymous wrote:Yes, but the biggest expense are the employees which they have a lot.

Also, employees who abuse expense accounts. Directors and Mangers having their admins charge $600 bottles of wine. Cap One would save a ton cracking down on some of this garbage. These are not sales guys, they are in the IT groups.

[Anonymous]

Yes, agreed. Very lenient expense policy where anyone can charge anything(bar tabs, regular lunches, buying electronics for family, etc) and literally no accountability of it. You would imagine a company of this size would have some protocols for it.