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Major Benefit Changes and Return to Office

Senior Software Engineer
Current Employee
Has worked at IBM for 9 years
November 21, 2023
Austin, Texas
2.0
Doesn't RecommendPositive OutlookDoesn't Approve of CEO
Pros

When you have a great manager that protects you from upper management nonsense, it's great.

Cons

Here's the real reason I'm posting.

  1. They've stopped 401k matching (6%) and have switched to a "Retirement benefit account" that matches 5% of your salary. The downside is two-fold: returns in the RBA are pegged at 3%, and you have zero choice in how it's invested. If you're early to mid-career, this is a massive loss. Also, because it's an RBA and not a 401k, you don't have the same protections and choice if something happens to IBM. At least with a 401k, it's your account; the RBA stays within IBM's control until you leave.

  2. The return to office is extremely sloppy. Sites aren't having enough workspace, "come into the office or resign" ultimatums... all of this is because of poor planning.

Advice to Management

We will never recruit new talent with the terrible benefits that are being offered.

Also, just tell the truth. If anything is wrong in my cons section, it's because upper management has said zero or resolved any misconceptions about the RBA. They've been quiet. Instead, they choose to send the benefits managers to sacrifice to handle the blowback. It's just weasel-y behavior.

Additional Ratings

Work/Life Balance
1.0
Culture and Values
1.0
Diversity, Equity, and Inclusion
4.0
Career Opportunities
3.0
Compensation and Benefits
1.0
Senior Management
1.0

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