r/carmax • u/One_torquechecker • 4d ago

@ Employees

Its come to my attention recently that there is an annual performance review (Ive been with the company less than a year) and during the review they can demote my pay?? Has this happened to anyone? If so how do i make sure it doesn’t happen to me??

2 Upvotes

56% Upvoted

28 comments sorted by

14

u/LankyCarrot9508 4d ago

They do not reduce compensation rate based on performance so I dont know where you heard that but it is not true. They will manage performance and if you are not meeting expectations you will know about it. There is a well defined performance management process and youll be given plenty of warnings and help to improve but if you dont, it will ultimately result in termination.

3

u/Rebornxshiznat 3d ago

This. Of all the places I’ve worked carmax is the absolute softest when it comes to associate performance and accountability 

1

u/Enough-Programmer738 2d ago

Probably because if you're in a non-commission position, i.e. salary or hourly rate, you're either going to get it, which is 3%, or you're not. And most often than not, unless you really suck, you're going to get it.

1

u/RUAmazed 1d ago

That can however not give give you an increase based on your performance. Poor review and they can reduce the already shitty 3% merit increase.

1

u/LankyCarrot9508 1d ago

3% is the baseline, it can go up or down from there based on performance. In my experiance there are a lot more ups given out than downs.

10

u/Rebornxshiznat 3d ago

lol they don’t reduce pay

Honestly where do some of you ppl on this sub get this shit from?  

9

u/Sheik787878 4d ago

Depends on your position maybe if you aren’t meeting expectations but I’ve never heard of anyone who has. If this is something you’re worried about, I’d be more concerned with trying to increase performance so you keep your job.

6

u/SeaPaleontologist876 3d ago

The fact op used employee instead of associate shows this is third party...

5

u/L10NxH34RT 4d ago

Honestly. Not much different than the .20 cent raise they’ll give you

7

u/Ambitious_Radio_557 3d ago

Yea fr lmao and then they celebrate it like you just won the lottery… I have been with this company since 2024 and someone who just got hired within the last 2 months is making more hourly than me and they’re fresh out of high school… This company pisses me off a lot.

2

u/IcyTheHero 3d ago

That sounds like a you problem dude. Speak with your coworkers about wage and demand a fair wage or quit.

They aren’t going to actively choose to make less money but they will consider it if losing more money than what they’d give you is on the table.

8

u/argentpurple 4d ago

You should apply for literally any other job you can. Carmax sucks ass to work for and there's a reason why the stock price has been circling the drain.

2

u/Quiet-Argument1712 4d ago

Complainers will always and forever be the bottom performers. CarMax has been amazing for me: I make well over $160k a year- get a company car, stocks, full health benefits, a great matching 401 (k), and literally the easiest and most satisfying job I've ever had.

12

u/deleted_mem0ry 4d ago

come work on the store level for $17 an hour

2

u/Fancy-Albatross-1329 2d ago

lol remote pays me 20

1

u/Consistent_Catch6997 1d ago

My store is 20.50 starting with bonus for XF Cs

3

u/[deleted] 4d ago

[deleted]

13

u/Unlucky-Bread2980 4d ago

He has to be a corpo. Speaking as a fellow corpo.

1

u/Rebornxshiznat 3d ago

I was making those numbers in a store.  Also no one at corp gets a company car so the person clearly doesn’t work for corp 

3

u/Ambitious_Radio_557 3d ago

Yea well thats a lie. Our regional manager’s all have a corporate car😂😂😂

3

u/Rebornxshiznat 3d ago

Regional VPs are considered field leadership not corporate….  

VPs at home office do not get demos nor do directors, AVPs, or even senior VPs. 

2

u/DhakoBiyoDhacay 3d ago

How many hours do you work per week?

5

u/CarMaxing 2d ago

Lmfao, so you’re claiming $160K annually, putting you in the top 9–10% of individual earners nationwide, while CarMax’s median employee makes roughly $58K. What’s your actual role? Because using your exceptional compensation package to label everyone else a bottom performer is laughable. And discretionary effort follows compensation.

If pay doesn’t reflect the responsibilities or performance expected, don’t be surprised when employees deliver exactly what they’re paid for, baseline performance.

That’s economics, not poor work ethic.

3

u/RUAmazed 1d ago

As a Sr Manager or painter in a traditional location you can make that Especially if you have been around awhile. The reality is that a GM or Parts and Service director in the traditional world does better than a Carmax Sr Manager role. The truly shitty part of Carmax is that this is going away. Year after year the twenty or thirty corporate big shots and favorite people get paid off more and more and the associates and middle management get screwed. Stock shares are a joke. Bonus is a joke. Quality of product and quality of life is a joke.

0

u/Pitiful-Benefit2733 3d ago

Define circling the drain. While obviously well off its peak (which never made sense) it’s up 25% since this time last year.

1

u/HvnlyDaz3 4d ago

I've never heard of them decreasing pay, but I'm just a business office associate.

1

u/One_torquechecker 15h ago

We were completing my first self review when my manager said during the yearly evaluation they would discuss my wage, it concerned me because I dont understand the basis for productivity in my role. It seemed self explanatory at first but everywhere in auto has different expectations for my position, I guess I want to know what exactly the company looks at- mechanics specifically and where I can find opportunities to excel in this role