Headed in the wrong direction - Anonymous employee Fifth Third Employee Review

Where to start?? It's the annual review season here and there are a lot of angry people walking about the building. As usual, we hear from upper management how the company is doing well and how much they appreciate all the hard work we've done, but then you get your notice on what your pay increase is for the year and you find out that after they have reduced your Benefit Dollars and increased the employee cost of medical and dental insurance that you are actually bringing home less money than you were last year. It's a literal smack in the face. I've watched a lot of good, hard working people walk out the door this past year and I believe I've finally figured out why. Fifth Third management identifies who they feel are "high performers" and will groom these folks to progress upward within the company. The rest of the people are just job fillers and you are on your own. No coaching, no training, no support at all. The business model is to keep turnover high (in the 38% range) because to upper management it's more economical to bring in new people off the street and pay them lower wages than it is to actually develop people and pay them a decent salary. The only way to make more money is to try to find a position a level higher than the one you have. The problem with that is you have to be on that list of top performers to even be considered regardless of what experience you can bring to the table. If you are desperate for a job and it comes down to starving or working here, I think next time I'd choose to starve. My recommendation to anyone seeking employment with Fifth Third is to stay away. I know I won't be here much longer. I came here thinking I could have a career and what I've discovered is that it's just a job.