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IBM BR narrowly meets jobs benchmark, needs to hire 225 more in 12mos
Posted on 9/7/18 at 11:47 am
Posted on 9/7/18 at 11:47 am
The Advocate
IBM’s total payroll for the Baton Rouge center for the year ending June 30 was $26.4 million, the equivalent of 575 full-time workers under the firm’s deal with the state.
The Jindal-era deal made the salary benchmark for full-time workers $46,000 a year, and the state calculates the number of jobs by dividing the annual payroll by that number.
The 575 full time equivalent workers was three more than IBM was required to employ in 2018, after the Edwards administration extended its agreement with the company, giving it more time to reach its ultimate goal of 800.
The state and city-parish of East Baton Rouge offered an incentive package of nearly $147 million over 17 years in exchange for the firm’s 800 jobs. After spending $57 million on grants and tax refunds--and another $14 million on bolstering college computer science programs, especially at LSU--the company fell well short of its 800-job goal last year.
TBH I am skeptical they reached 575 equivalent jobs. I'm a tech sector guy and can honestly say that I don't know anyone who works for IBM BR
IBM’s total payroll for the Baton Rouge center for the year ending June 30 was $26.4 million, the equivalent of 575 full-time workers under the firm’s deal with the state.
The Jindal-era deal made the salary benchmark for full-time workers $46,000 a year, and the state calculates the number of jobs by dividing the annual payroll by that number.
The 575 full time equivalent workers was three more than IBM was required to employ in 2018, after the Edwards administration extended its agreement with the company, giving it more time to reach its ultimate goal of 800.
The state and city-parish of East Baton Rouge offered an incentive package of nearly $147 million over 17 years in exchange for the firm’s 800 jobs. After spending $57 million on grants and tax refunds--and another $14 million on bolstering college computer science programs, especially at LSU--the company fell well short of its 800-job goal last year.
TBH I am skeptical they reached 575 equivalent jobs. I'm a tech sector guy and can honestly say that I don't know anyone who works for IBM BR
This post was edited on 9/7/18 at 11:50 am
17
Posted on 9/7/18 at 11:48 am to Tigeralum2008
quote:They don't hire well-established personnel. But as an outsourcing firm, I know a couple companies that use them.
TBH I am skeptical they reached 575 jobs. I'm a tech sector guy and can honestly say that I don't know anyone who works for IBM BR
Posted on 9/7/18 at 11:49 am to Tigeralum2008
quote:
hat I don't know anyone who works for IBM BR
I know two.
They are 40s manager level tech dorks.
Posted on 9/7/18 at 11:51 am to Tigeralum2008
How many of those employees "work from home"
Posted on 9/7/18 at 11:53 am to Tigeralum2008
Texas continues to laugh at BR...
Posted on 9/7/18 at 11:53 am to J Murdah
quote:
How many of those employees "work from home"
I'm wondering the same thing. They built a beautiful building downtown that isn't very busy when I pass by it.
Posted on 9/7/18 at 11:55 am to Tigeralum2008
I've seen a few Asians walking around Downtown with IBM shirts a few times
This post was edited on 9/7/18 at 1:59 pm
Posted on 9/7/18 at 11:58 am to Tigeralum2008
quote:
IBM BR narrowly meets jobs benchmark, needs to hire 225 more in 12mos by Tigeralum2008
Good for them!
We need them to stay.
Posted on 9/7/18 at 11:59 am to dewster
quote:
Good for them!
We need them to stay.
Thats the wrong attitude. Everyone wants them to fail so they can complain more.
Posted on 9/7/18 at 11:59 am to Tigeralum2008
They constantly have hiring ads online but nothing I'm really qualified for.
Posted on 9/7/18 at 12:01 pm to Tigeralum2008
quote:
I'm a tech sector guy and can honestly say that I don't know anyone who works for IBM BR
I can tell you their employees are always looking to leave due to the following:
1) Pay
2) Many are hired and told they will work one job/technology, then end up working on another
3) Many are promised training and development that doesn't happen
Posted on 9/7/18 at 12:02 pm to Tigeralum2008
It will be semi-abandoned in 5 years unless BR can get it's shite together.
Between IBM building and the water campus I have not seen the quality of that area improve one bit.
Between IBM building and the water campus I have not seen the quality of that area improve one bit.
Posted on 9/7/18 at 12:02 pm to EZE Tiger Fan
I know of one person that left to work with Exxon as well.
Posted on 9/7/18 at 12:03 pm to Tigeralum2008
quote:
Edwards administration extended its agreement with the company, giving it more time to reach its ultimate goal of 800.
And it’ll be extended again when they don’t reach the goal again.
This post was edited on 9/7/18 at 12:04 pm
Posted on 9/7/18 at 12:03 pm to Tigeralum2008
quote:
TBH I am skeptical they reached 575 equivalent jobs. I'm a tech sector guy and can honestly say that I don't know anyone who works for IBM BR
Me too and I don't either. 46k is a really shitty salary even in BR unless all they are hiring is entry level employees.
Posted on 9/7/18 at 12:05 pm to fallguy_1978
quote:
Me too and I don't either. 46k is a really shitty salary even in BR unless all they are hiring is entry level employees.
The way the deal is structured, they divide the total payroll by $46K and that's how the state gets their number.
So someone that makes $92,000 per year counts as two employees. A manager that makes $184,000 per year counts as four in the eyes of the state.
Louisiana needs IBM. I wish them the best. The company is going through some changes now, but hopefully they can establish roots in Louisiana.
This post was edited on 9/7/18 at 12:55 pm
Posted on 9/7/18 at 12:05 pm to Tigeralum2008
No talent in the area to recruit. Pretty simple really. Why would anyone waste time in this industry in that area? The salary is low. Cost of living is low but then you have to look at things like quality of life and the highest taxed state in the country. You could make a short trip over to Texas in various areas with plenty of hiring and way better salary. There's a reason you don't see heavy tech industry jobs galore in places like BR.
Posted on 9/7/18 at 12:06 pm to deuce985
quote:
highest taxed state in the country
Posted on 9/7/18 at 12:07 pm to fallguy_1978
quote:
highest taxed state in the country
Taxes in Louisiana are too high, but IBM isn't paying much in taxes. And they are enjoying the relatively low wages in Louisiana.
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