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1
Posted on 9/6/22 at 9:24 pm to pelicansfan123
quote:
I think there is a generational divide here that is not just "young people = lazy." I think that the younger generation just feels it's ridiculous to have butts in seats for 40 hours a week, when that amount of time is usually not necessary to get the job done well. And, if the job can be done well from home, why force people to come into the office?
But there are a lot of positions in these corporations that require manual labor. So maybe they should just pay all the admin less who want to frolic around and send emails and pay the low level people putting in man hours more.
Posted on 9/6/22 at 9:25 pm to DCtiger1
quote:
I’m not talking about commission. All of my employees are salaried plus commission.
I understand, if they work more hours to close more policies they get more commissions.
If you are an internal job (which is what most people are) and your boss asks you to work Saturday to get some bullshite budget done, it's very likely you never get anything out of it. Your raise will be the same if you do it or not, you'll be on the same promotion timeline whether you do it or not, etc, etc.
Posted on 9/6/22 at 9:25 pm to pelicansfan123
quote:
I think there is a generational divide here that is not just "young people = lazy." I think that the younger generation just feels it's ridiculous to have butts in seats for 40 hours a week, when that amount of time is usually not necessary to get the job done well. And, if the job can be done well from home, why force people to come into the office?
The problem isn't that they expect them to be butts in seats for 40 hours. The problem is that they expect those butts to be in seats for well OVER 40 hours AND respond to work calls and emails when they're not there. Which, again, wouldn't be such a bad thing if those positions weren't advertised as 40 hour/week jobs and paid OT for time after 40 hours.
This post was edited on 9/6/22 at 9:38 pm
Posted on 9/6/22 at 9:26 pm to kingbob
quote:
he problem isn't that they expect them to be butts in seats for 40 hours. The problem is that they expect those butts to be in seats for well OVER 40 hours AND respond to work calls and emails when they're not there
Time to grow up son.
Posted on 9/6/22 at 9:27 pm to dgnx6
quote:
So maybe they should just pay all the admin less who want to frolic around and send emails and pay the low level people putting in man hours more.
By all means. I think the public at large has been begging "corporate america" to do this for decades.
This post was edited on 9/6/22 at 9:29 pm
Posted on 9/6/22 at 9:27 pm to Taxing Authority
quote:
A Fortune 500 CEO with option-heavy compensation has a lot of downside risk that isn't in his control. You can't scale the size of the business to the market. Often Wall St. punishes a company that over-performs expectation as bad as a miss.
Give an example of a company being punished for over performing.
Posted on 9/6/22 at 9:29 pm to Mingo Was His NameO
I understand what you’re saying, and that was my biggest gripe when I was with our corporate office. Projects that saved the company 100s of millions and we didn’t see a penny.
However, in my world now, you’d be surprised how many people aren’t motivated by money. Some of my team are fat and happy servicing our book and don’t make any commission. Some want to make as much as possible.
Everyone wants to make more money, but not everyone is willing to put in the effort to do so. That’s exacerbated by the loose corporate reward structures most have in place
However, in my world now, you’d be surprised how many people aren’t motivated by money. Some of my team are fat and happy servicing our book and don’t make any commission. Some want to make as much as possible.
Everyone wants to make more money, but not everyone is willing to put in the effort to do so. That’s exacerbated by the loose corporate reward structures most have in place
This post was edited on 9/6/22 at 9:32 pm
Posted on 9/6/22 at 9:30 pm to armsdealer
quote:
eally think more companies should adopt the Costco model for wage guidelines. Executive pay is tied to employee pay. Executives sure as hell are not going to cut their own pay so they make sure their employees make enough. A 3-4 year cashier makes $28+/hr plus time and a half on Sundays... CEO still makes 8.5 million. Similar position at Walmart puts you at $12 an hour vs $25 million in CEO pay.
How can Costco sustain that? Not that it’s bad to pay that kind of money, but a cashier can’t be worth it. These people are living a lot better than they deserve to
Posted on 9/6/22 at 9:31 pm to chalmetteowl
quote:
How can Costco sustain that?
Ever been inside a Costco?
Posted on 9/6/22 at 9:31 pm to DCtiger1
quote:this is why people are starting to give up on working extra. A small raise or bonus or something is not too much to ask in this case but it rarely happens.
Projects that saved the company 100s of millions and we didn’t see a penny.
Posted on 9/6/22 at 9:34 pm to madamsquirrel
Shell just gave their employees an 8% bonus randomly due to great earnings, not attached to their regular bonuses.
Posted on 9/6/22 at 9:35 pm to Eurocat
quote:
Give an example of a company being punished for over performing.
Just saw something the other day where a Wall Street guy was saying that Yeti is being undervalued because they have grown so fast and their products are so well made that they don’t have the planned obsolescence needed to keep sales growing at the same pace even though they are wildly profitable
Posted on 9/6/22 at 9:37 pm to NOLAVOL16
quote:
Just saw something the other day where a Wall Street guy was saying that Yeti is being undervalued because they have grown so fast and their products are so well made that they don’t have the planned obsolescence needed to keep sales growing at the same pace even though they are wildly profitable
Not the same thing as being punished for beating earnings
Posted on 9/6/22 at 9:37 pm to chalmetteowl
quote:
How can Costco sustain that? Not that it’s bad to pay that kind of money, but a cashier can’t be worth it
Compare the inside of a Costco, and it’s customers, with that of Walmart and get back to us.
Posted on 9/6/22 at 9:42 pm to DCtiger1
quote:
understand what you’re saying, and that was my biggest gripe when I was with our corporate office. Projects that saved the company 100s of millions and we didn’t see a penny.
Imagine the effort employees would give if they got to take home even a small percentage of the savings their ideas and efforts achieved. Team X saves the company a documented $100m per year? They get 1% of the savings as a bonus.
But no, saving the 100m is just expected and you’ll take your 2% raise and be happy. The CEO will get the bonus for your work via stock options.
This post was edited on 9/6/22 at 9:46 pm
Posted on 9/6/22 at 9:44 pm to Mingo Was His NameO
quote:
Not the same thing as being punished for beating earnings
Absolutely the same thing. A company that grows 20% in a year but is forecasted to have flat sales over the next 4 is going to be valued less than a similar company forecasted to grow 20% total over the course of the next 5 years. They may get an initial bump that first year but the second company will overtake them just by spreading out the growth.
This is also why so many decisions made by executives are based on short term results. Bump the stock to cash in options, move on before the decrease.
This post was edited on 9/6/22 at 9:50 pm
Posted on 9/6/22 at 9:45 pm to EarlyCuyler3
Why its fun laughing at you melting down, making excuses and lying in this thread
Posted on 9/6/22 at 9:52 pm to NOLAVOL16
quote:
planned obsolescence
There is no better example of corporate insanity than this idea.
Posted on 9/6/22 at 9:53 pm to SDVTiger
quote:
Why its fun laughing at you melting down, making excuses and lying in this thread
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