- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Boss man just let us all know 401k matches are suspended
Posted on 7/1/20 at 10:35 pm to DownshiftAndFloorIt
Posted on 7/1/20 at 10:35 pm to DownshiftAndFloorIt
Half the young guys in my area come in expecting to do minimum and earn maximum. Their main goal is to jump to Valero. You are right about loyalty on both sides, much different environment than 15 years ago.
1
Posted on 7/1/20 at 10:37 pm to slackster
quote:
I tend to agree, but I've heard other arguments that companies will want more space to spread out employees.
From what I can tell, professional service firms are definitely going to shrink their footprint. I'd guess by about 30%
A lot of sophisticated companies will do the same.
Posted on 7/1/20 at 10:37 pm to slackster
quote:
Still hard to believe that will offset work from home movements.
Jury is still out on this. I’ve heard and seen surveys of employees where 70% or so want to have the option to go into an office versus being 100% at home.
Then I see articles where companies don’t care where you live and can be 100% remote. Who knows at the end of the day. All things considered, it’s more than likely not a one size fits all approach.
Posted on 7/1/20 at 10:37 pm to slackster
I truly believe a commercial space bubble is imminent. I work with a lot of technology companies and many have already told me they are implementing some spectrum of full time remote work. For many, this situation was almost like the catalyst they've been waiting for to prove it works. It will be interesting to watch over the next few years as leases expire.
Posted on 7/1/20 at 10:39 pm to Powerman
quote:
You can definitely negotiate some perks if you're taking a pay cut and losing a match.
That seems counterintuitive.
Posted on 7/1/20 at 10:39 pm to Paul Allen
quote:
Jury is still out on this. I’ve heard and seen surveys of employees where 70% or so want to have the option to go into an office versus being 100% at home.
Then I see articles where companies don’t care where you live and can be 100% remote. Who knows at the end of the day. All things considered, it’s more than likely not a one size fits all approach.
Maybe WeWork won't be a disaster after all.
More likely, it will be hoteling. Company has 1200 seats and 2000 employees. You reserve a desk, but it won't always be the same.
Posted on 7/1/20 at 10:39 pm to double d
I see no loyalty at all.
Us young people get to carry our 401k with us wherever we go and dont have a pension, so theres little reason to not jump the fence for greener grass. The young people are as cutthroat as the companies.
The older people are getting power fricked. Losing the pensions and having to start a 401k at 50-55 years old is horrible. I genuinely hope you get to retire with yours, my old man lost his and basically had to start building a retirement way too late in the game.
Us young people get to carry our 401k with us wherever we go and dont have a pension, so theres little reason to not jump the fence for greener grass. The young people are as cutthroat as the companies.
The older people are getting power fricked. Losing the pensions and having to start a 401k at 50-55 years old is horrible. I genuinely hope you get to retire with yours, my old man lost his and basically had to start building a retirement way too late in the game.
Posted on 7/1/20 at 10:40 pm to slackster
quote:
That seems counterintuitive
Its almost like we're in a pandemic and companies are focused on cost cutting and cash collection/retention
Posted on 7/1/20 at 10:43 pm to DownshiftAndFloorIt
Got cut 20% and was told it won’t be coming back. Luckily salary is still really good compared to others in the industry.
This post was edited on 7/1/20 at 10:45 pm
Posted on 7/1/20 at 10:44 pm to Mingo Was His NameO
quote:
Maybe WeWork won't be a disaster after all.
More likely, it will be hoteling. Company has 1200 seats and 2000 employees. You reserve a desk, but it won't always be the same.
This is what I envision. Replacing corporate lease space with hoteling style companies.
Posted on 7/1/20 at 10:45 pm to Paul Allen
quote:this isn't the route the average american worker wants to go down w/o some real MAGA stuff happening
Then I see articles where companies don’t care where you live and can be 100% remote.
Posted on 7/1/20 at 10:45 pm to summersausage
Mine is supposed to not extend past September but I fully expect it to be permanent.
Posted on 7/1/20 at 10:45 pm to jlovel7
quote:
I’ll be very curious if enough places stop matching retirement and never bring it back that it’ll fade like Private pensions have.
Doubtful. Work for a better company?
quote:
dont have a pension,
speak for yourself. I do
This post was edited on 7/1/20 at 10:48 pm
Posted on 7/1/20 at 10:46 pm to East Coast Band
quote:
Maybe I’m cynical, but most employee benefits have gradually been reduced over the past years Pensions? Lol Full health insurance? Ha. Most everyone paying more and more out of pocket every year Sick/Vacation days? Been overall reduced
Kept full benefits for ours with 401K matching and profit sharing. Got the money in when the market bottomed. Pay 100% of insurance, good insurance. No cut hours, still 4 weeks PTO, holidays not included.
I took about a $100K hit, but it'll work out. If not, frick it. Some of us still do it the right way.
Posted on 7/1/20 at 10:46 pm to GRTiger
quote:
This is what I envision. Replacing corporate lease space with hoteling style companies.
We were hoteling in our office already if you didn't check in 85% of days. We'll definitely have a more flexible work from home (that was already pretty flexible) if we ever get back to the office. If it were possible we'd definitely get rid of probably one of our 8 floors
Posted on 7/1/20 at 10:47 pm to jlovel7
I would cash out that 401k before it's worth nothing
Posted on 7/1/20 at 10:48 pm to SDVTiger
quote:
I would cash out that 401k before it's worth nothing
Whens that going to be?
Posted on 7/1/20 at 10:49 pm to SDVTiger
quote:huh?
I would cash out that 401k before it's worth nothing
Posted on 7/1/20 at 10:49 pm to slackster
quote:
That seems counterintuitive
You don't need to be an a-hole about it but it can't hurt to ask.
You're making a sacrifice to help the company. There should be some trade off for that sacrifice.
Posted on 7/1/20 at 10:51 pm to Clark14
quote:
trump gave companies a hell of a tax break.And here we are,as expected. Taking care of themselves. Go on line and shop your resumes around,you might find out you can wind up with a better situation. There is no need anymore to be married to a company since pensions don't exist anymore. Welcome to trump world.
sucks to suck bro. 
Page 4 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News