Stacked ranking means managers will rank the individuals in the team based on their performance every year. So even if the whole team peforms very well, some percentage of individuals ("low peformers") in the team have to leave. Does your company have such a system to evaluate the employee's performance? If No, please leave the company name.
LinkedIn does not. I have no problem with companies stack ranking all employees. It's necessary to ensure that pay aligns with performance. The mandatory PIP / no raise if you're the 9 on a team of 10s is the problem. If you skip that I'm for stack ranking.
Yeah agree, literally EVERY company ranks for terms of pay/promotion. It’s when there’s a forced allocation to the bottom bucket and that forced bottom has to probably leave the company that it gets weird.
Citi does not.
Unless your company gives everyone the same raise etc each year the there is some form of stacked ranking. They may say there is not but there is
Stack ranking is not the same as evaluating/compensating employees differently, based on performance. In stack ranking employees are forced into ranked distribution.
N amount of money for x amount of people , how to spread it
I miss stack ranking. And anonymous 360 reviews every quarter.
We used to have it two ceos ago. I had no problem with it. If you consistently end up at the bottom of the barrel then it’s you
What if your manager is at the bottom
That would royally suck. Once I had a manager like that, the witch was fired eventually. Luckily I was long gone. And that place didn’t even have stack ratings. At E*TRADE I doubt that a bad manager rating would directly impact your rating unless you got bad scores from her. Here we don’t punish employees for being under bad bosses