Employee Retention – Costly, but the employer fired the first shot!

Back in 1970 the Ford Pinto was introduced to the public. Though it had its problems it still sold relatively well to the younger generation. After a couple of short years the Ford Pinto had its problems and there was a big one. If it had been rear ended, even just at 28 mph, it had a great possibility of blowing up. This obviously meant serious injury or death to the people in the car. Though Ford allegedly was aware of this significant problem the executive team was persuaded not to offer a recall. The madness behind this was that they would pay out LESS in lawsuits than they would pay in recalls. Ford obviously put a piece of crap car before human life. So since that awful and horrific time just 35+ years ago it has only gotten worse. A bean counter will look around every corner, examine every angle, what used to be a standard benefit is now a memory and though inflation with their extortionate pricing is crushing us in the rat race we still get up in the morning, dress up then show up hoping we make it through another day. This is about as good as it gets. There have been massive lay-offs and if you are one of the lucky ones to have dodged that bullet then most likely you have been given short notice that you will be getting a pay-cut until the economy picks back up. Wait a second. Hold on cowboy! I didn’t get us into this mess and chances are no one here did. It’s tough shit times are bad but just because we missed our projected numbers last yr by a fraction is no reason to over-react! This is what we are saying on the inside anyway. What comes out of our mouth is; “Yes Sir and thank you for letting me keep my job. As long as it takes I’m behind you 100%. Thanks again Sir” and this is bull-shit! All employees want from their employer are a few things which most wouldn’t even cost a thin dime. Fair competitive pay. Boy, have companies cut back in that area. I personally once had access to all employee files. I was checking someone’s file b/c they wanted additional information on something. This person was a C-Level Manager, early 30’s and just a plain unassuming guy making $500k annually. I though, well, he negotiated a better deal for himself than I did for me damn-it! There are all kinds top tiered managers making that and double, triple, bonus, perks… just give them a blank check and we’ll fired the staff then outsource to India or China. In fact, we’ll let them know low cost providers get our attention. Go ahead, scoff at this, it has been happening for over ten yrs now and it gets worse every year. So, when the SME comes in with his/her statistics regarding what will keep your best employees happy understand this, it’s utterly audacious bull shit! It’s human diarrhea of the mouth. It’s bold, thoughtless and just plain disrespectful. That is the job that should be eliminated. What employees want is a genuine commitment from the company. They want honesty, management that will not only say what they mean but mean what they say. All too often it’s reading between the lines, judging a mood, calculating, margins, confused “should I stay/should I go” the incongruence far outweigh the truth. “Well, things change and we had to do this” The callous way people are terminated and escorted out the back door as if they had committed a crime. The people at work are together five days a week and you are not allowed to say goodbye. They have become your friends, you have had dinners together, their home, your home, your boss just told you how lucky the company is to have you on board, then your boss tells you they could not have met this deadline without your contributions… then a week later, as chilly as cold water in January, you are told that they need to lay off 20 people and though they’re sorry you are one of them. Pack your stuff and leave immediately. Good luck. It’s like WTF??? That’s it, chapter over though for some it was a 1 – 3 yr chapter while for others it was 10 15 yr chapter. So when you are called in for a mtg to discuss what your thoughts are regarding several plans the company is thinking about for retention of their best employees have some palle and tell Mr. C to F Off! You’ll feel so much better. I promise you will! The next time a co-worker/friend is part of a company lay-off, cutbacks, job elimination or whatever they want to skin it think of the gangsters below;

1. Larry Ellison, Oracle: $192.9 million
2. Nabeeb Gareel, MEMC Electronic Materials: $79.6 million
3. John Chambers, Cisco: $54.8 million
4. Mark Hurd, HP: $27.6 million
5. Jen-Hsun Huang, NVIDIA: $24.6 million
6. Samual Palmisano, IBM: $24.3 million
7. Wendell Weeks, Corning: $22.6 million
8. Joseph Tucci, EMC: $20 million
9. William Sullivan, Agilent: $17.4 million
10. Paul Otellini, Intel: $16.3 million
11. Steve Jobs, Apple: $14.6 million
12. Jonathan Schwartz, Sun: $13.5 million

Forbes compiled the list by calculating the overall compensation for the past year (2007) for executives, factoring in salary, cash bonuses, vested stock grants, stock gains and exercised stock options.” Even though Sun is listed as one of the worst managed companies, Schwartzie was still rewarded in a healthy way. Hey, I’m all for making as much money as the next guy. But certainly not at the expense of someone who was left with only one option; leave the house keys on the counter with a note for the bank that you just couldn’t swing it any longer.

Or think of GM’s Chief, G. Richard Wagoner who was fired by President Obama last March.

Deep, deep pockets is making America poor

Corporate America Deep Pockets; Creating American pill-paupers into shameful levels of poverty


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