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Started By
Message
re: Michael Burry: The white collar employment bubble is bursting right before our eyes
Posted on 9/26/22 at 7:30 am to r0cky1
Posted on 9/26/22 at 7:30 am to r0cky1
quote:
Those who choose to completely work remotely will realize how much easier it is to be fired.
I told my teams that here are our companies terms:
1. You are free to work from home if you desire it and are able to complete 100% of your tasks from home.
2. Those that choose to work from home will still be reviewed for cost of living or performance raises when indicated.
3. Those that choose to work from home are not considered for promotion or upper level management.
My reasons?
I cannot place you in my most trusted positions if I do not interact with you regularly.
A. Character matters.
B. Temperament matters.
C. How quickly you solve problems and resolve conflict in the moment matters.
I can judge none of these by emails.
What did I “not” tell my work from home employees? That If they prove to me that their job can be done at home - the job market of competition for them is open across the globe.
We completely replaced our billing department from oversees for 40% of the expense and we have collected more (quarterly) than ever before. I was sad to let those people go but business is business when we don’t share space and form relationships.
I was in the process of evaluating replacing our IT department with overseas as well. However, in a coincidental event, after we fired the billing team - the entire IT team came back to the office except for one guy who wife is battling cancer. He is a great worker and I support his working from home.
Just to give you guys some history on our company - we have only fired 3 people in the last 8 years before this WFH concept began. We have a great work environment that supports anyone who needs support for a crisis. But we have no intention of supporting your personal job flexibility desires.
5
Posted on 9/26/22 at 7:44 am to SECdragonmaster
quote:
We completely replaced our billing department from oversees for 40% of the expense and we have collected more (quarterly) than ever before. I was sad to let those people go but business is business when we don’t share space and form relationships.
I have ran WFH for the last 7 years for my office staff and I had to let go or reduce people during CV. I have replaced some of them with overseas help for way cheaper and will be doing so with the rest. I will basically have myself and my manager left here. The rest will all be overseas.
We deal with HUD a lot where rates are established and rates have not gone up in years. Even without CV coming along I was going to have to reduce my internal overhead. The rest that works for me are all 1099 work in the field subcontractors and I had to start paying them more to retain them so our profit percentages have dropped since HUD won't raise rates and the only way to pay the subs more and maintain profitability was to reduce the internal operating cost.
Posted on 9/26/22 at 7:47 am to SECdragonmaster
quote:
But we have no intention of supporting your personal job flexibility desires.
Then you're cutting yourself off from a lot of potential great people out of spite.
You're a dinosaur.
Posted on 9/26/22 at 7:49 am to SECdragonmaster
quote:
3. Those that choose to work from home are not considered for promotion or upper level management.
This is bullshite
quote:
My reasons?
I cannot place you in my most trusted positions if I do not interact with you regularly.
A. Character matters.
B. Temperament matters.
C. How quickly you solve problems and resolve conflict in the moment matters.
All can be accomplished in a remote setting.
quote:
We completely replaced our billing department from oversees for 40% of the expense and we have collected more (quarterly) than ever before.
Oh ok, the real motivation I see.
Posted on 9/26/22 at 8:14 am to SECdragonmaster
quote:
We completely replaced our billing department from oversees for 40% of the expense
quote:
I have replaced some of them with overseas help for way cheaper and will be doing so with the rest
Make America Great Again, right?
Posted on 9/26/22 at 10:36 am to SECdragonmaster
quote:So you're a globalist cuck, got it
We completely replaced our billing department from oversees for 40% of the expense and we have collected more (quarterly) than ever before. I was sad to let those people go but business is business when we don’t share space and form relationships.
I was in the process of evaluating replacing our IT department with overseas as well. However, in a coincidental event, after we fired the billing team - the entire IT team came back to the office except for one guy who wife is battling cancer. He is a great worker and I support his working from home.
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