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SpinOff Thread: Do Companies Offer A Lot Less To Their Employees

Posted on 12/20/16 at 9:23 pm
Posted by OweO
Plaquemine, La
Member since Sep 2009
122525 posts
Posted on 12/20/16 at 9:23 pm
Today, in general, do companies offer less benefits to their employees than they once did?

The company my dad worked for took really good care of its employees. He passed away in 1998 and he had benefits such as.. Giving widows a monthly payment until the widow passes away. It is something that they no longer offer, but those who were receiving it before getting rid of it, is grandfathered in.

I have an older uncle who has been retired for quite a few years and he talks about his grandson and the difference between the "norm" of today's benefits vs the "norm" when he was in the work force.

I know there are companies that have many perks, but they are not the majority, but is it fair to say that employees do not receive nearly as good of benefits today?
Posted by rocket31
Member since Jan 2008
41888 posts
Posted on 12/20/16 at 9:25 pm to
You have to ask yourself "what other choices do I have?". Personally, I think its almost inhuman to have your typical office.. You know, its filled with cubicles with several offices throughout. Its a depressing look. An area that has white walls, carpet and then in each cubicle there is someone working, spending the majority of the day in..
Posted by GreatLakesTiger24
Member since May 2012
61484 posts
Posted on 12/20/16 at 9:26 pm to
Of course not. Just look at real income growth since the 80s or so. It is pathetic.
Posted by OweO
Plaquemine, La
Member since Sep 2009
122525 posts
Posted on 12/20/16 at 9:35 pm to
quote:

Of course not. Just look at real income growth since the 80s or so. It is pathetic.


I just found this article. It was published in 2014, but it states that average wages peaked a little over 40 years ago. That's interesting..

LINK
Posted by OweO
Plaquemine, La
Member since Sep 2009
122525 posts
Posted on 12/20/16 at 9:42 pm to
quote:

rocket31


You are an odd dude.
Posted by elprez00
Hammond, LA
Member since Sep 2011
31623 posts
Posted on 12/20/16 at 9:51 pm to
quote:

Of course not. Just look at real income growth since the 80s or so. It is pathetic.

Employers pretty much universally require experience prior to making new hires and simply do not value training. Education costs have increased by several hundred percent. Wages are stagnant or regressing especially when factored in most people having to pay for college thru student loans. Technology has allowed employers access to employees lives far beyond the walls of the office like never before, expecting 24/7 availability through email, etc. Benefits costs have skyrocketed with less actual benefit. Retirement offerings outside of a modest 401k match are all but nonexistent.

But all I hear about is how millennials are unmotivated and lazy.
Posted by Tigris
Cloud Cuckoo Land
Member since Jul 2005
13220 posts
Posted on 12/20/16 at 10:00 pm to
Consider what health care costs companies now vs. when your dad had his benefits. And the amount of time and money that companies are spending complying with government rules and regulations. Companies used to offer better benefits and it didn't cost them as much as they are spending now on top of salaries.
Posted by Titus Pullo
MTDGA
Member since Feb 2011
28567 posts
Posted on 12/20/16 at 10:12 pm to
Posted by PairofDucks
Member since Jul 2016
4992 posts
Posted on 12/20/16 at 10:13 pm to
quote:

You have to ask yourself "what other choices do I have?". Personally, I think its almost inhuman to have your typical office.. You know, its filled with cubicles with several offices throughout. Its a depressing look. An area that has white walls, carpet and then in each cubicle there is someone working, spending the majority of the day in..


You are an awesome troll. Well done.
Posted by el Gaucho
He/They
Member since Dec 2010
60077 posts
Posted on 12/20/16 at 10:16 pm to
i like how you millenials start these threads after all the hard working boomers have gone to bed. enjoy the echo chamber
Posted by Isabelle81
NEW ORLEANS, LA
Member since Sep 2015
2718 posts
Posted on 12/20/16 at 10:21 pm to
Yes, companies today offer a lot less to employees than they did years ago. Employee loyalty used to be important to companies and employees were compensated in many ways. Today it seems companies believe all employees are replaceable and loyalty doesn't matter.
Posted by OweO
Plaquemine, La
Member since Sep 2009
122525 posts
Posted on 12/20/16 at 10:26 pm to
quote:

Employee loyalty used to be important to companies and employees were compensated in many ways. Today it seems companies believe all employees are replaceable and loyalty doesn't matter.


This is true. Today, being loyal can only hurt you in the end.
Posted by ChEgrad
Member since Nov 2012
3944 posts
Posted on 12/20/16 at 10:36 pm to
With the advent of job hopping people desired a more portable retirement system, thus the conversion to a defined contribution system from the defined benefit system which only works for long-term employees.

The defined contribution can be quite lucrative if your investments do well.
Posted by Tiger Prawn
Member since Dec 2016
26316 posts
Posted on 12/20/16 at 10:42 pm to
Health insurance costs have skyrocketed in the past 20 years which means less companies can afford to pay employees health insurance or only offer that benefit to higher level employees. And people are living longer which deters companies from offering pension-type benefits since it means they're more likely to be paying that benefit out for longer period of time
Posted by LSUTigerDDS
Prairieville
Member since Mar 2009
851 posts
Posted on 12/20/16 at 10:45 pm to
Took over my dads business. In the early 90s It was about a $100 a month to give his employees health insurance. 3 years ago we dropped it because it was over a grand a month per employee. I did the math and gave them a raise for the amount we were spending on healthcare, then dropped healthcare.

It's not that bosses don't want to give stuff to their employees, but they aren't able to give more than they get. Financially they are most likely giving the same, it's just a dollar doesn't get nearly what it use to.

Posted by Spirit of Dunson
Member since Mar 2007
23112 posts
Posted on 12/20/16 at 11:25 pm to
quote:

Employers pretty much universally require experience prior to making new hires and simply do not value training. Education costs have increased by several hundred percent. Wages are stagnant or regressing especially when factored in most people having to pay for college thru student loans. Technology has allowed employers access to employees lives far beyond the walls of the office like never before, expecting 24/7 availability through email, etc. Benefits costs have skyrocketed with less actual benefit. Retirement offerings outside of a modest 401k match are all but nonexistent.
OT folks love to bash Europe, but then pine for standard European perks. Extensive training programs for professionals and apprenticeships for skilled labor. Free college tuition. 6 weeks vacation (and the vacation is a real vacation - no email, no phone calls). No expectations to work more than 40 hrs/week. Decent pension system. Decent health care. Salaries are less though.
Posted by Box Geauxrilla
Member since Jun 2013
19221 posts
Posted on 12/20/16 at 11:31 pm to
Seems that most companies here in Austin are super into providing in-office benefits rather than monetary benefits.

For example, my office brings in beer twice a week, has daily catered lunch, ping-pong, air hockey, pinball machines, Xboxes, etc.
Posted by Asharad
Tiamat
Member since Dec 2010
6354 posts
Posted on 12/21/16 at 6:11 am to
quote:

Today, being loyal can only hurt you in the end.
I'm not sure this is true. I have 21 years of engineering with the same company. I have 5 weeks of vacation. I get nice bonuses for doing good work. I have a real office (14'x12'). I have received incentive stock options 4 times in the past 21 years.

Edit.... only 9 more years until I get a 6th week of vacation.
This post was edited on 12/21/16 at 6:13 am
Posted by tigerinthebueche
Member since Oct 2010
38223 posts
Posted on 12/21/16 at 6:27 am to
quote:

But all I hear about is how millennials are unmotivated and lazy.



What's your point? You gonna sit on the sidelines for the rest of your life or live at home cause the benefits aren't as good as or better than your dad had? Tough shite. You know what else has changed (for the worse)? Employee's attitudes. Those millineals don't want to start at the bottom and work their way up anymore. They've got a degree so that makes them valuable.
They also like to job hop. Bet those boomers and other oldsters worked the same job for 40 years. They may have been promoted, but they stayed with their company. They worked a shite ton of overtime without pay or comp time and actually gave a shite about their job.

I'll agree employee benefits aren't what they used to be nor is job security. But it goes both ways. Employees aren't all that great either sometimes. Couple that with automation and immigrant labor and guess what? There is no real reason to offer what was once offered 30 years ago. On either side of the relationship.
Posted by elprez00
Hammond, LA
Member since Sep 2011
31623 posts
Posted on 12/21/16 at 7:09 am to
quote:

What's your point? You gonna sit on the sidelines for the rest of your life or live at home cause the benefits aren't as good as or better than your dad had?


quote:

You know what else has changed (for the worse)? Employee's attitudes. Those millineals don't want to start at the bottom and work their way up anymore. They've got a degree so that makes them valuable

First you tell me how I should just deal with it because my benefits are less valuable, then you tell me I have a bad attitude? Hmmm....

quote:

They also like to job hop. Bet those boomers and other oldsters worked the same job for 40 years

Corporate culture has changed.

quote:

They worked a shite ton of overtime without pay or comp time and actually gave a shite about their job.

And herin lies the root of the problem, IMHO. The generation of business runners created this "job is the almighty" attitude that is pervasive through american business culture. They grew up in an era where College became widely accessible. So they got degrees their predecessors didn't have, and it afforded them a plethora of opportunities. And then they worked ungodly hours all in the name of advancement, and advance they did. And then when they had the ability to hire, they started demanding college educations that they weren't required to have and work hours that they weren't required to work.

You are making my point for me. Think about it: How absurd is it to expect an employee to work overtime without compensation? Do you offer your employees fabulous benefits and perks that compensate them for this expected extra effort? Do you give them extra compensation for obtaining that degree? No, which is why we're here. (And BTW, you got those fabulous benefits and pensions when you did)

Lets turn it around. If you were buying a car, and you agreed on a price, and you went to sit down and sign the paperwork, does the dealer expect you to shell out an extra $5K just because they ask? If you ask for a bunch of upgrades on the car, do you expect the dealer to give them to you for free? If you hire a man to paint your living room, do you expect him to paint the rest of your house as well at no charge? Why should you expect your employees to put in extra hours without compensation?

And I fail to see why training is such a dirty word. Don't you want to get the most out of your assets? Aren't employees an asset? If you take an active role in teaching your people how to do the job, at the end of the day they'll be more effective, and they'll make you more money.
This post was edited on 12/21/16 at 7:11 am
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