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Posted on 9/6/22 at 6:38 pm to Mingo Was His NameO
quote:You cannot simply promote every employee to higer levels within the company. You'd have 1,000s of vice presidents, and no workers. Success is always going to come from merit and doing work that sets you apart. It has to. There's literally no other way to do it.
Why must we do this though? Salary workers continue to get boned by this as corporate profits and C Suite wages continue to increase at exponential levels. How about you just come to an actual mutual agreement and the people that perform those tasks (not the million extra that may or may not be recognized monetarily or otherwise) get recognition and as such promotions.
Posted on 9/6/22 at 6:40 pm to Mingo Was His NameO
Don’t you work for Deloitte?
Posted on 9/6/22 at 6:41 pm to Taxing Authority
quote:
You cannot simply promote every employee to higer levels within the company. You'd have 1,000s of vice presidents, and no workers. Success is always going to come from merit and doing work that sets you apart. It has to. There's literally no other way to do it.
Therein lies the problem. Younger generations (I’m 35) think they deserve promotions, raises and performance incentives simply because they do their jobs.
Posted on 9/6/22 at 6:42 pm to GreatLakesTiger24
It’s kind of funny watching these threads. The behavior of the younger generation is directly related to their own observations of how work treated their parents and grandparents and in some cases great grandparents. Post WW2 employees got a fair wage, job security, and cushy retirements. Then the boomers got rid of pensions and turned the working world into a Hunger Games style competition. Younger workers saw their parents slave for a company for decades, sacrificing home life and opportunities elsewhere, only to get laid off when the stock dropped 10 cents or the boss wanted a bigger bonus.
The past 30 years or so, increasing your pay and moving up the ladder almost universally requires jumping to different companies. Staying in the same place gets you sub-inflation raises despite the expectation of “going the extra mile” at all times. “Great year Bob! Thanks for working 60 hour weeks and killing it on your KPI’s. We’re giving you a generous 2% increase and a pat on the back.”
So yeah, the younger generation has decided, screw it, we’re not giving away our lives to make other people rich while making barely enough money to live on. They’re done chasing the carrot that comes less and less often. The corporate world has bred a workforce of mercenaries only willing to put out effort when they see a direct benefit.
Can anyone really blame them?
The past 30 years or so, increasing your pay and moving up the ladder almost universally requires jumping to different companies. Staying in the same place gets you sub-inflation raises despite the expectation of “going the extra mile” at all times. “Great year Bob! Thanks for working 60 hour weeks and killing it on your KPI’s. We’re giving you a generous 2% increase and a pat on the back.”
So yeah, the younger generation has decided, screw it, we’re not giving away our lives to make other people rich while making barely enough money to live on. They’re done chasing the carrot that comes less and less often. The corporate world has bred a workforce of mercenaries only willing to put out effort when they see a direct benefit.
Can anyone really blame them?
Posted on 9/6/22 at 6:46 pm to Abstract Queso Dip
quote:As an employer... none of my employees are at risk of having to write a huge check at the end of the month if we come up short. I get paid... dead last. And I do have a family to feed. It's is far easier to be an employee. It's not even comparable.
Wrong! Shareholders take on risk, C-suite manages it. Employees have opportunity risk. They also have their own risks as the corporations and some even more tangible like health risks. Credit risk but credit risk where you can't feed your family as opposed to dissolution. A corporation doesn't have a family to feed.
Posted on 9/6/22 at 6:47 pm to EarlyCuyler3
quote:
What risks is the CEO with a golden parachute taking?
Tell me you know nothing about CEO compensation. quote:So can execs.
Worker can get canned at any point
Posted on 9/6/22 at 6:48 pm to Taxing Authority
What are your c-suite people pulling in? How many shareholders do you have?
Posted on 9/6/22 at 6:48 pm to NOLAVOL16
quote:
So yeah, the younger generation has decided, screw it, we’re not giving away our lives to make other people rich while making barely enough money to live on. They’re done chasing the carrot that comes less and less often. The corporate world has bred a workforce of mercenaries only willing to put out effort when they see a direct benefit
At 44 I agree with all this. Give loyalty to a company that treats you well, shite even if just being respectful and paying a livable wage. Shitty company, it’s time to get out, life is too precious
Posted on 9/6/22 at 6:49 pm to Taxing Authority
quote:fuh-nance has entered the chat
You'd have 1,000s of vice presidents, and no workers
Posted on 9/6/22 at 6:51 pm to GreatLakesTiger24
For the most part, things are good for ambitious Millennial or Gen Z workers. The boomers are starting to retire en masse. And many of our peers are useless AF.
Posted on 9/6/22 at 6:57 pm to DCtiger1
quote:
Therein lies the problem. Younger generations (I’m 35) think they deserve promotions, raises and performance incentives simply because they do their jobs.
On the flip side, the older generations seem to have a problem with people simply doing their jobs and then clocking out when the clock hits 5:00.
We had thread on it a few weeks back. Whole big thing.
Posted on 9/6/22 at 7:02 pm to GreatLakesTiger24
quote:$0 we don't have a "c-suite".
What are your c-suite people pulling in?
quote:One these days. But even when I had investors, my employees had no risk other than their salary.
How many shareholders do you have?
The size of the company doesn't really change this. Hell, in huge public companies ownership often pays... nothing. Most companies pay pennies for dividends. Many pay nothing. And employees still have no risk exposure.
Posted on 9/6/22 at 7:03 pm to Taxing Authority
quote:
Tell me you know nothing about CEO compensation.
Sounds like you're just not big enough.
Posted on 9/6/22 at 7:06 pm to JohnnyKilroy
quote:
On the flip side, the older generations seem to have a problem with people simply doing their jobs and then clocking out when the clock hits 5:00.
We had thread on it a few weeks back. Whole big thing.
Because for the boomers that behavior actually improved their prospects, but that incentive no longer exists.
As a poster above said, the working world is a hunger games death match. Leave for a new or get fired with no notice.
Kill or be killed.
Posted on 9/6/22 at 7:06 pm to EarlyCuyler3
Your caricature of the fat cat CEO is not reality for 99% of companies. It's just not. You aren't sounding clever by saying the small business owner isn't big enough to be like the movie version of a CEO that you roll with as real. You're sounding ignorant and naive.
Posted on 9/6/22 at 7:07 pm to Roll Tide Ravens
quote:
For the type of work my Dad’s company does, for the type of work that comes with an entry level position, and for the size of my Dad’s business, his starting pay is absolutely fair. He’s not paying minimum wage to even an entry-level guy.
Again, you aren't providing anything that makes me believe it's "fair." Every business owner says their wages are fair, and I'm not saying most don't believe it. But their definition of what's fair is irrelevant in the market. If people don't want to work for him, it's too low, whether he believes it or not. That's just how it is.
quote:
My Dad has two crews that work for him. Two guys per crew. So that’s four employees not including my Dad. It would be impossible for my Dad to give someone weeks of paid paternity leave. It would leave one crew working at half capacity for weeks. My Dad isn’t heartless. My Dad gave the guy several paid days off. It’s not like he made him work while his kid was born, but weeks of paid paternity leave simply isn’t possible.
Again, I'm not being rude, but that's your dad's problem not his. If your dad started losing jobs would he keep the crews at full pay out of the goodness of his heart. I highly doubt it. It's a business transaction, both parties should act in their own best interest. Rightfully so.
Posted on 9/6/22 at 7:07 pm to Pettifogger
Through the 60’s people generally worked for smaller firms or manufacturers. The owners lived in the town. Sent their kids to school there. Went to church there. They valued the community
Today so many companies start that way, but end up getting scooped up by a huge conglomerate. That local thinking goes away quickly and there is a change in how the employee views the workplace.
Today so many companies start that way, but end up getting scooped up by a huge conglomerate. That local thinking goes away quickly and there is a change in how the employee views the workplace.
Posted on 9/6/22 at 7:11 pm to GRTiger
quote:
Your caricature of the fat cat CEO is not reality for 99% of companies. It's just not.
I never said it was. There's a pretty wide gap between small business owner and fortune 500.
Posted on 9/6/22 at 7:11 pm to Roll Tide Ravens
quote:
One of the younger guys who recently quit one morning told the guy he works under (who has worked for my Dad for a long time) that my Dad should have given him (the younger guy) paid paternity leave when his wife had their baby.
His wife had the baby but it’s his baby too. There’s a ton of things to do when a baby is first born and it takes a week or so to get adjusted. Fathers should get 1-2 weeks to be with their child and wife
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