Company stopping raises and removing 401k match

[XxPrOdiGyxX]

Originally posted by: Dulanic

Originally posted by: XxPrOdiGyxX
amazingly our pension plan hasn't been shut down. but, any new hires don't get pensions.

I had forgotten about pension. I was suprised they raised our pension this year.

do you have a 401k as well? i was expecting them to, at some point, reduce their contribution rate and totally get rid of pensions. but so far....we've only had limits on expenses when traveling, no more supply room, no holiday parties, and things like that.

 

[Dulanic]

Originally posted by: XxPrOdiGyxX

Originally posted by: Dulanic

Originally posted by: XxPrOdiGyxX
amazingly our pension plan hasn't been shut down. but, any new hires don't get pensions.

I had forgotten about pension. I was suprised they raised our pension this year.

do you have a 401k as well? i was expecting them to, at some point, reduce their contribution rate and totally get rid of pensions. but so far....we've only had limits on expenses when traveling, no more supply room, no holiday parties, and things like that.

Yeah 100% up to 5%. Pension was doubled for me, to 4%. Our bonuses got cut, our healthcare got worse, we lost a few other minor things.

 

[Special K]

Originally posted by: Descartes
I'm not going to play the corporate apologist, because no doubt there are cases where C-people and other execs exploit their position; however, for a great number of companies, and I'll be as bold as to say the majority, these people are the reason the company exists in the first place. They make the investments, they take the risk, they put in the work when everyone else clocks out at 4:59PM on a daily basis. More risk, more gain; more effort, more gain.

I don't think it's fair to assume that only the CEO works long hours and that everyone else leaves at 4:59 PM. Many people in many different fields who are far removed from the CEO end up working long hours, especially if a deadline is coming up.

 

[ja1484]

Originally posted by: Bignate603

Originally posted by: ja1484

Originally posted by: Cdubneeddeal

Originally posted by: ja1484

Originally posted by: Triforceofcourage
I know I guess I should just be happy I have a job.
/ shitty rant.

I keep hearing this and it keeps annoying the hell out of me...

No, no one should be happy they "still have a job". If you expect less in this world, you will get less.

Please tell me you're not serious? I truly invite you to quit your job and look for something else that is supposedly more than what you have. Let me know the outcome.

Well, I picked the offer I liked best of the three I received this past fall. I'll be starting that position in early February.

So I guess I beat you to the punch on your offer.

You start in February but got the offer in the fall? Did you graduate in December? You seem to not realize that not everyone has the ability to just switch jobs at the drop of the hat no matter how badly they want to. Family requirements, restrictions on location (good luck trying to sell a house in most areas right now) or low demand for your certain skills (anyone trying to find a job in the automotive industry right now?) can make it very hard to switch. Expecting the world does not mean you're going to get it, you roll with the punches, look for the opportunities that you can get, and take the best that you can.

And what did you think that "significant investment of time and money" referred to? You're right, switching fields isn't easy. I know because that's what I did, and yes, I received my doctorate in December. It cost me a lot of time and money. However, having seen the storm coming, it was well worth it as I am not facing the vast majority of the problems "Joe Sixpack" is staring in the face. Not having a 401k match also isn't easy. People can pick which hardship they'd rather endure. I was not willing to accept a situation wherein my career consistently demanded more of me and provided less. So I changed it. People can be happy with being slowly buttfucked to death by their current situation or they can change it. Choose. But if you pick being raped, don't whine to me about it. It's not like you don't have other options.

As for family restrictions and locations, I'd argue that commitments are a liability in the modern US economic system, which is why you see less and less enthusiasm for them and more and more "out for #1" philosophy.

Originally posted by: Saga

Originally posted by: ja1484
You have a single data point. I want your science. Prove to me that the majority of companies are run this way.

With all due respect, this logic can simply go in circles; what are your data points? What is your science? Prove to me that they aren't.

Descartes mostly got to it already, but:

Gov't stats (the best and only ones we really have, flawed though they may be) clearly show the majority of businesses in this country to be "small businesses" as they define them, which by definition don't have the kind of capital on hand to engage in the kind of stuff Mosh is talking about.

 

[Jeff7]

My university is doing something similar - they won't be hiring, and will be cutting staff through attrition. No raises this year either.

 

[BrownTown]

so quit, there are tons of jobs out there if you have an even half functioning brain, the idea that you somehow have to stay at the same job is silly. Your company clearly is not loyal to you, so you should not be loyal to them, start shopping your resume, at the worst you don't get any better offers and realize that maybe you don't have it so bad...

Its all these wussies that are scared of change that are causing benefits to keep being cut. If this were to happen where I work I can pretty much guarantee you that 20% of the people would back up and leave. Thats the way it should be, businesses should be scared to lose people, not people scared to lose their jobs 🙁.