Stupid economy

[JS80]

Originally posted by: sactoking
I agree that "At least you still have a job" is not always a valid way to look at things, even in this economy.

At my job, in the last 365 days:
We've been notified of a cessation in the employer match of our 401(k) effectively cutting everyone's pay 3%
We've been notified that at the next annual renewal, we will have to pay a portion of our health insurance premiums for the first time ever. Our dependents will continue to be covered 0%.
We've been notified that annual performance raises have been capped at 1.5%.
I became the second person ever in our company to get the professional accreditation that I hold.
I created a new territory and have grown it into the single most productive territory in the company
I set company records for volume of business handled measured by three separate benchmarks

I took an effective paycut of 1.92% (1.5% raise minus 3% cut in fringe benefits plus .42% that represents the additional tax burden on the fact that an untaxable benefit was replaced by taxable income).

And this in a company that had $17.4mm in premium (sales) and $2.09mm in income after tax. Hell, we had an underwriting gain of $4.04mm. Our combined ratio is 63.2%! I don't think that owners of successful companies using the economy as an excuse to underpay performing employees makes me fortunate.

What's the forecast for 2009 financials? Of course you don't know yet you spew this kind of shit.

 

[sactoking]

Originally posted by: JS80
What's the forecast for 2009 financials? Of course you don't know yet you spew this kind of shit.

Actually, I DO know the forecasts for my company for 2009. We're on pace to exceed them.

I love that asshats think that EVERYONE has to suffer because some industries are hurting. :roll:

 

[JS80]

Originally posted by: sactoking

Originally posted by: JS80
What's the forecast for 2009 financials? Of course you don't know yet you spew this kind of shit.

Actually, I DO know the forecasts for my company for 2009. We're on pace to exceed them.

I love that asshats think that EVERYONE has to suffer because some industries are hurting. :roll:

Then why don't you leave? You obviously were overpaid if you stayed after a pay cut.

 

[Muadib]

Originally posted by: CPA
join the club.

Yes.🙁

Originally posted by: leftyman
at least you are still a Dear Fellow Employee.

That's the one bright spot.

 

[Descartes]

I hate fidelity insurance. My company pays a tremendous amount of insurance each month to be able to do business with some of the big accounting and finance companies.

That said, sorry to hear about your situation, but I can almost guarantee it's not some evil CEO behind closed doors just finding creative ways to insure they make more money. The C-people have already likely taken the pay cut. No one makes the decision to make cuts lightly. Either you think the decision to help the company will ultimately be rewarded or you don't; if the latter, then why bother sticking around?

 

[Tweak155]

Our CEO got canned and was paid 7mil bonus for leaving.

The new guy got 9 mil for signing.

I got 0% raise and no bonus (same spewed garbage as everyone else here). Honestly I'm probably way overpaid for what I do but that isn't my fault. I did awesome this last year and deserve a raise.

 

[sactoking]

Originally posted by: JS80
Then why don't you leave? You obviously were overpaid if you stayed after a pay cut.

Actually, I was and am still underpaid when compared to my contemporaries. At this exact moment in time I'm staying because it's convenient for school. Come November, they either pony up the dough or I'm gone.

 

[JS80]

Originally posted by: sactoking

Originally posted by: JS80
Then why don't you leave? You obviously were overpaid if you stayed after a pay cut.

Actually, I was and am still underpaid when compared to my contemporaries. At this exact moment in time I'm staying because it's convenient for school. Come November, they either pony up the dough or I'm gone.

So basically you just admitted you're still overpaid because it sounds like you can get even a further cut and you wouldn't quit.

 

[zerocool84]

Ok look the reason why people are saying at least you have a job is cus you're complaining about not getting pay raises but still have a job while many do not.

 

[sactoking]

Originally posted by: JS80
So basically you just admitted you're still overpaid because it sounds like you can get even a further cut and you wouldn't quit.

Ummmmmm....... no.

What I said was "I was underpaid and I'm still underpaid. There is an outside factor currently influencing my decision. When that factor is gone if I am still underpaid I will quit."

Believe it or not, some people don't base 100% of their employment decision on money.

 

[JS80]

Originally posted by: sactoking

Originally posted by: JS80
So basically you just admitted you're still overpaid because it sounds like you can get even a further cut and you wouldn't quit.

Ummmmmm....... no.

What I said was "I was underpaid and I'm still underpaid. There is an outside factor currently influencing my decision. When that factor is gone if I am still underpaid I will quit."

Believe it or not, some people don't base 100% of their employment decision on money.

There is always a money value whether a discount or premium attached to your so-called non-monetary facts/decisions.

 

[sactoking]

Originally posted by: zerocool84
Ok look the reason why people are saying at least you have a job is cus you're complaining about not getting pay raises but still have a job while many do not.

I get that. My wife works for a newspaper. Believe me, I get the whole "At least you still have a job" outlook.

My contention is that we all shouldn't look at life that way. Just because my wife's job is tenuous, does that mean that the two of us have to be thankful I have a job when my employer is using the same lines her employer is, but we're nowhere close to going under? Her employer's troubles justify my employer taking advantage of it's employees? By proxy, the troubles in some industries force every working American to bend over and get effed in the a under the guise of "at least"?

I say no.

 

[ja1484]

Originally posted by: hiromizu
I got this yesterday:

"Dear employee, as a cost allocation shift maneuver, you will not be getting your previous project share, but you may use your corp card this week to buy lunches for yourself."

lol, obfuscate more plz.

Originally posted by: spidey07

Originally posted by: zebano
Same thing is happening here. Just be happy to have the job.

That is a terrible way to look at it. OP got screwed over with an essential pay cut. You don't have to take that if you are decently skilled, just go find another job. You'll likely make more money by jumping ship.

You are in control of how much money you make and your career, don't let somebody else dictate it for you or drop into "I'm lucky to have a job". It's a defeatist attitude.

Agree 100%. Rule of Life #1 should be that no one should ever allow themselves into this position. It's a crime against *yourself*.

 

[Train]

Originally posted by: sactoking
...There is an outside factor currently influencing my decision. When that factor is gone if I am still underpaid I will quit...

Sounds like you're gonna whack your wife.

 

[sactoking]

Originally posted by: Train

Sounds like you're gonna whack your wife.

Nah, she's pregnant. I think I could do the time for murder, but double murder would be too much for me to handle.

 

[ultimatebob]

Originally posted by: sactoking

Originally posted by: JS80
Then why don't you leave? You obviously were overpaid if you stayed after a pay cut.

Actually, I was and am still underpaid when compared to my contemporaries. At this exact moment in time I'm staying because it's convenient for school. Come November, they either pony up the dough or I'm gone.

If you really think that you're underpaid, I agree that you should try finding work elsewhere. Even in a weak economy, there are good jobs out there for top performers.