Intentional underperformance claims to save on bonus/promotion before making me redundant
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It is tough to pull this off banking for two reasons:
1. You will have a hard time documenting these and provide evidence. And you will be sued if you show you brought the evidence out from your company
2. This industry is full of people who don't give a f about life and they will look down on you. HR and your future employers will also feel you are a potential trouble maker and blacklist you forever
Combine these 2 factors, I think if you decide to leave high finance forever then you can potentially negotiate (not fighting back but just negotiate). Otherwise you have to experience the wrath or pity of this industry
This a wrong advise to give to someone, not sure where work kid. Lot of this WSO kids do not provide context. No high finance is not a small world, it’s gets getting larger. This old school politics,
1 . Learn and grow! Move ☝🏼 on, find another firm and be cordial. Let you work show unless you have more 20 years of experience.
2. In future, get couple of legal counsel in you back pocket for the future and it’s helps to have people in higher food chain who can vouch for your in the firm you works
Remember no one event or firm is worth sacrificing your career over especially if your under 40 years old. People will try sabotage you career for no reason but envy or jealousy. Learn and grow , move one!! How manny athletes or partner left accused being underperformance only to show in future their firms we’re wrong !
Either your a grower or shower, make it rain lad go to a different firm and show them what they missed it on ! 🤌🏼 it’s about 💶 bacio della morte scacchi !!
No money 💰 no honey !!
Hope that’s helps kid ! Sorry for the typo !
The answer is no, you won’t have any recourse
although kudos to you for identifying this behavior. I have been through this myself as have several friends and especially early career when you are eager to succeed it can be hard (later you realize all feedback is horseshit)
You should flagged them kid let other people know. Your time is valuable why waste at firms that’s undervalue your contribution. 👀
This is spot on. Your time is extremely valuable. You need to come out of the gates like a bat out of hell and put some big wins up in your first 5 years. If you know they are crooked then move on asap
Based on the most helpful WSO content, it seems like you're in a tough spot, and I can understand why you're upset. It's not easy to deal with a situation like this, especially when you've put in so much effort and time.
However, it's important to remember that the world of high finance is small, and it's generally not a good idea to file a lawsuit against a former employer. This could potentially harm your reputation and future job prospects. Instead, it might be more beneficial to focus your energy on finding a new job.
That being said, if you believe you have been unfairly treated or if there's evidence of misconduct, it might be worth exploring legal options. But remember, this should be done carefully and with the advice of a legal professional.
As for increasing your severance package, it's a tricky situation. While you can certainly try to negotiate, it's important to approach this in a professional manner. You could potentially leverage your workload, colleagues' references, and the impact on your health as points in your negotiation.
Remember, it's crucial to take care of your health during this stressful time. It's not worth sacrificing your well-being for a job.
I hope this helps, and I wish you the best of luck in your future endeavors. Remember, every setback is a setup for a comeback. Keep your chin up!
Sources: Layoff Question, PE with 10-15B AUM - Associate Offer Rescinded, https://www.wallstreetoasis.com/forum/job-search/suing-a-former-employer?customgpt=1
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