Not what you'd expect - Anonymous employee Baird Employee Review

worked with some real headcases, started out with okay raises and bonuses and it slowing turned into reasons why they had to cut them, then they would start early in the year about how profits and business units were down, just to get it ingrained that raises and bonuses wouldn't be there by the end of year. They try to make you feel good about retaining your job and not being laid-off. In the meantime, other associates of a certain level were getting mid-year bonuses ~50k+ and then their end of the year raises and bonuses but lower associates were lucky to see literally a dime raise and you should be grateful.