BLUF. I must tell my managers that they and many of our individual contributors will no longer receive an equity award as part of their compensation.
Our company decided that most managers and many individual contributors (who are all in same "grade") will no longer be awarded any stock grants as part of their compensation packages. This has typically been awarded to higher performers during the annual review process. There will be no other change in compensation to offset the loss of the equity award.
Honestly, I'm really challenged with this because I don't think this is a good decision. I'm a middle manager in this Fortune 500 company. I had no input to this decision. And senior level management will still be awarded equity.
I can't look anyone in the eye right now and say that I think this is good decision. It will create retention problems. It will reduce people's level of engagement. It will make recruiting harder. It's just not a good decision for the business.
Wondering if it's time to find another job or just suck it up and deal with this?
Thank you for letting me vent.