Companies Do Not Care About Staff Loyalty (Anymore) - How Money Works

Sign up for my newsletter compoundeddail... 👈
----
How many people do you know that have been with their current employer for more than 10 years? Well according to the US Bureau of Labor Statistics it’s actually 29% of people, which sounds suspiciously high until you consider that a vast majority of this group are made up of workers on the verge of retirement, which is important to remember for later.
Amongst all workers in the US the median was just over 4 years.
In fact multiple studies have suggested that full time workers that stick with their employers for more than two years on average get paid FIFTY PERCENT LESS.
This is an unbelievably large gap, ESPECIALLY when you consider that the average of the loyal working group will be drastically inflated by senior executives and the c suite who tend to have more tenure. In plain English, for regular Joes like you or me, this 50% figure is likely understated.
So why aren’t companies stopping this? Surely having to pay tens of thousands of dollars to advertise a position, interview candidates, onboard new staff, train them and wait for them to get up to speed with their new role is not sustainable if it has to be done over and over again every 2 years… right?...
Well you would think so, but there are a few reasons why companies don’t care about employee loyalty… anymore…
#Career #Jobs #HowMoneyWorks
___________________________________________________________________________
Link to my vid on BS Jobs - • Your Job Achieves Noth...
Link to my vid on retirement - • You Will Never Retire,...

[@HowMoneyWorks]

Sign up for my newsletter compoundeddaily.com 👈

[@joannat.4021]

I love ur videos, here especially the last 2-3mins 😍

[@taraxa287]

i have researched the gig economy in my masters thesis, ring me up if you like to talk about it or need some information on the gig economy research :). But the gist of Gig economy is: your totally shitty strict and severely punishing boss is now an algorithm that you cannot even interact with.

[@luckyloonie1359]

I love my employer but in the bottom of my heart I know it is one sided... #TDBank🌎💘💰

[@Ihsnetad]

From my experience: - Salary negotiation is much easier done with your next employer than with the current one

[@danlightened]

Haha good one

[@billr5842]

Absolutely. I never get raises except when I am hopping from job to job. Fuck my previous employers.

[@arydant]

In my long career I have never gotten a significant raise unless I switched jobs - engineering. .

[@rejectionistmanifesto8836]

After about 20 years working, I'll tell young people you should not have any loyalty to any organization, they will turn on you in a second when its convenient and fire/replace you. Also to ensure no slavery, young people dont get married and dont get a girl pregnant, make sure she takes the birth control pill daily in front of you and both wear protection. You will just condemn your new child to increasing poverty and freedomless slavery authoritarianism and these control/money/job trends worsen. Promote this idea in videos and social media to help prevent more young people into this new slavery.

[@grimview]

Since most tech work is seasonal (3, 6, 9 12, 24 months), the only way to avoid resume gaps is to leave mid project, which can result in project being canceled & entire team fired & company fined millions. Real contracts are given to Performing Artist (sports players, media, music) with a guarantee of work for a time period, especially when asked to relocate. How do we negotiate real contracts to save the company from being ruined?

[@Arenchilla]

I was born in the 80’s and was taught at an early age that loyalty was a thing of the past. The longest I have ever spent at a job was 4 years. I’ll take it one step further and teach my son that a two week notice is also a thing of the past. Edit: 2 years later I’m reading this again and need to add that two-week notice is important if you are in good standing and wish to keep it that way moving into the future.

[@bubbateeth2460]

Exactly! After all, when an employer wants to shit can you, how much notice do you get?

[@dre4759]

Two week notice is still valuable in some industries, you are less likey to burn a networking bridge that might come in handy in the future.

[@whyareyouexisting7285]

@@dre4759 burn a networking bridge..? Also which industries are you talking about??

[@devongarcia6603]

@@dre4759 And leaving on good terms allows you to use those employers as a reference for future jobs. why the fuck anyone wants to give up on that is beyond me.

[@devongarcia6603]

@@whyareyouexisting7285 It means if you quit a job at Walmart/McDonalds/etc. on good terms and with a 2 week notice, your former bosses will speak highly of you if you were to apply to another job and ask them to be a reference (which a lot companies require when you apply for a job). (EDIT: I don’t think y’all seem to be understanding the two week notice. the reference from employers is the luxury outcome when leaving a company. But you better make sure you have a fallback option, cause if/when things hit the dirt You’ll bet your ass I’ll have as many options available for me with past employers as possible. That way I could get another job quickly, if there are layoffs at a company or if something else drastic happen.

[@8000RPM.]

Companies want to hire a 25 year old with 35 years of experience and pay them like an 18 year old.

[@JayVal90]

Yes. Duh 🙄

[@JackoBanon1]

That's exactly my situation right now. I'm 25. I have to work in China for my company (most of the time alone) and they always announce me as a big expert in my field of work. When I arrive the Chinese customers don't even take me seriously because of my young age. Yet they send me from customer to customer without much explanation and hope it will work out. And even though I work 60-80 hours a week I don't even get paid properly for all the stress. It's ridiculous.

[@peterkevintaylor]

Yeah. So true. Also expect someone with masters in 2 subjects not even related and pay a pitance.

[@januarysson5633]

And people wonder why opioid addiction is such a thing anymore.

[@8000RPM.]

@@JackoBanon1 WOW, I feel for you, especially since you're in the Wuhan place. How terrible. You need to "jump ship" even if it involves a pay cut. I'm so sick of the "Performs other duties as assigned" in the job description. I was doing stuff two pay grades over me. But I liked getting paid so I kept my mouth shut. God bless.

[@thezwerdz8560]

Sadly, it took me working for two different companies to learn this. At both companies I went for a pay increase. When asked why they should pay me more, I went through a list of everything that I had volunteered to do in other departments, extra hours worked when everyone else left and didn't care, filling in for people who quit, etc. I was told "you weren't contracted for any of that." I was asked to do it all though and did it thinking I would be a valued employee. I was wrong. The people who taught me to be that way came from a long gone era where the type of employee I was actually meant something.

[@andersnielsen6044]

You are just another tool in the toolbox.. Accept it or leave the "box". ;)

[@lalala-lt8fe]

>I went through a list of everything that I had volunteered to do in other departments That's one place you went wrong. You told your boss that you didn't help his numbers, you helped one of the other boss's numbers.

[@raven-chan2071]

@@lalala-lt8fe so what would be the reason?

[@istvanpraha]

It works both ways. You would eventually get raises at my job, however, I’m tired of everyone acting like they deserve a raise because they did work. Your manager also takes on new projects and stretch projects and doesn’t get raises it’s literally how the world works, you don’t do the same things forever

[@berniecruz8405]

Yep, when I was 23, I, too, went through a similar situation. I was an "expert" in my position and even when new Engineers came on board to the company (just because they had a bachelor degree), I was having to train Engineers on how to do their jobs. So when review time came, I asked for a significant pay raise to the level of Associate Engineer, but since I didn't have degree, they denied me and only gave me $0.11/hr pay raise. I was doing Engineering work at half the salary of even an Associate Engineer. So from that point on, I knew, the only way I was going to get ahead, was to just jump ship and company bounce every 2 to 4 years. And when I left that company, I intentionally came in on a Monday, LATE, (knowing I would be called into the office for a scolding... LOL) and I ended up telling my boss, at the time, that, that day was my last day! No 2 week notice, nothing! I was actually ready to just walk right out and not even work that day. BUT ONLY because one of the engineers that worked there, was a good friend to me, I stuck around for that day only, to train him on what I did in that department. Even he had a hard time catching up and learning everything I did. But what felt the greatest is that the company I left for, literally doubled my pay from what the company I left from, was paying me! AND it was EVEN MORE than what my engineer friend was making, as well!! LOL It was bitter sweet vengeance!! LOL I went from $11/hr to $22/hr and my engineer friend was only making $20/hr and mind you, I didn't have a degree AND my engineer friend had to have a bachelor degree just to qualify for the position he got making only $20/hr! Hate to say it, but when I told him how much I was making, he was flabbergasted! He couldn't believe he wasted 4 years of his life and racked up such a high student loan debt, just so he could get that engineer job and here I was making more than him without going through what he had to go through! LOL PLUS, at that time, I went back to the company 1 year later, IN A 95 BMW (that's how long ago this was... lol) just to go to lunch with my engineer friend and a few other guys (who were part of that "boys club click") and I picked everyone up in my new BMW and they were shocked to see how far I came and what kind of car I had, in such a short period of time! I LOVED EVERYONE MOMENT OF IT! LOL Rubbing their snobbish noses in it! LOL And mind you, even with them being in manager positions and engineers, NONE of them had a luxury car, themselves! LOL

[@jeffissimoh59]

I left my employer of 16 years just three months ago. Our CEO would walk the halls telling people just how replaceable they are. Then when people left he had the audacity to complain no one was loyal anymore. In one year, 3 principals left, one VP left, and three lead engineers left. As a project manager I left just to get away from the toxic environment. The firm is 107 years old and is under the "leadership" of the founder's grandson and a hand picked suite of yes men.

[@mhm6]

That company is going to go broke with the son in charge. He doesn’t know the good and bad decisions it would have taken to become a CEO had he actually worked his way up to that position. He’s just winging it at that point.

[@guesswhat9359]

so in other words nepotism killed the company... heard that one before

[@guesswhat9359]

@@mhm6 and thats why nepotism kills companies

[@jeffissimoh59]

@@guesswhat9359 that and a c-suite of yes men. Not a leader amongst them. Their everyday concern was self preservation, not wellbeing of the company.

[@SakuseiMaking]

And still this company gonna change name and sell the same things with the same quality make the same money and you can stay uneployed trying to survive cause life doesnt give you something that you can count on

[@jonathanabgrall6075]

After spending years being told i'd be replaced by machines, i went back to school to become an Electrotechnician. Basically, i repair/install/maintain the machines who were supposed to replace me now. Best decision of my life even if it was partly motivated by spite.

[@threethrushes]

Never underestimate the value of spite. I became self-employed out of spite, and my goal is to take over my employer (give me 15 years).

[@threethrushes]

@scv Ha! I'm in the English-teaching and publishing world. I've always loved being the underdog, being underestimated. Two of my clients are in I.T., btw, but they are in the Czech Republic...

[@sircuffington]

Spite is one of the #1 drivers in this world. Its power creates some of the best careers, and the best stories.

[@BlackBirdNooB]

Haha i do the same, machines will still need humans to work haha

[@TimoRutanen]

That is why Hades doesn't replace the ferryman who rows people across the river Styx to the afterlife. Sure, he could have a motorboat but it still needs a repairman to operate it.

[@piguyalamode164]

Ironically, this actually is really hurting companies in the current labor shortage. Those jobs that did care about loyalty won big time by keeping their workers while those who thought their workers where replaceable learned otherwise the hard way

[@IgnoreMeImWrong]

And yet it's those same workers that will now feel the crushing regret of a new depression.

[@TheRokaphella]

BINGO!!!

[@John-78]

@@IgnoreMeImWrong Any day now that will happen. In the meantime they will keep being young and happy though. Poor people are used to being poor. It won't be as big a shock to them as you think. Half the households have 1 person who works just to pay for child care. Now that person watches the kids instead. She is no worse off whether she has a job or not.

[@IgnoreMeImWrong]

@@John-78 And day? They're living inside it. *lol* "Half the households have 1 person who works " Yeah, that's how it was during the last great depression, wait until the suicides kick in.

[@John-78]

@@IgnoreMeImWrong You ended my quote a little early. And the suicides have already kicked in. You can pretend the poor have everything to lose but the reality is they have nothing to lose and the wealthy have everything to lose. The poor should go on strike for a week and remind the wealthy what happens if the peasants stop making them money.

[@marcs8395]

I recently left my job, my boss said he would give me a 20k raise which still would be less then my new position. I told him no. He said that’s what you asked for when you came for a raise 2 months ago I said true, and now that I’m leaving you decide to give me what I asked for ? Doesn’t work that way.

[@rhetoricstephen]

If you make me go through the trouble of searching for another job and landing one, it's far too late to give me what I asked for.

[@JJS1985]

Price went up! Good for you

[@alexs858]

Makes no sense why raises from your current company suck. They incentivize you to leave

[@ns.hidayat]

👏👏👏👏

[@laabitres]

Staying loyal to companies is one of the dumbest things ever, they dont care about you, you are just a number and theyll get rid of you and replace you with the quickness

[@lifeisabadjoke5750]

Yup. Fuck em. Always think about what’s best for your own situation just how they think.

[@michaelbest1827]

StaticLocs, I agree. Yes, LARGE companies don't seem to care about their employees, per se. But if you are a Good employee, in my experience, they will encourage you to stay, and achieve higher positions.

[@casebeth]

@@michaelbest1827 completely false.

[@ssuwandi3240]

Very rare.. in 10 years only one person i considered as great boss who gave me a decent appraisal / raise..the remaining 4 or 5 were either butt licker or oldie politician!

[@VincentViolence]

Hahaha wow

[@baijokull]

Companies seem so confused that employees don't give them loyalty for minimum wages. Sure, employees are replaceable. But so are employers...

[@Loengrinn]

Less and less so as the big companies continue buying the small ones or merging with similar big ones.

[@nicolasm400]

@@Loengrinn indeed capitalism is monopolistic

[@adsfadsfasdasdfasf2439]

@@nicolasm400 I hope that wasn't sarcasm because every money clutching agent in a capitalistic system has an incentive to grow bigger and wipe out competition. They have no personal incentive to make the market fair, they have incentive to make it biased in their favor.

[@nicolasm400]

@@adsfadsfasdasdfasf2439 no sarcasm! yes you see the capitalist system for what it is

[@Theomite]

It's not loyalty, it's purpose. Employers have put the whammy on labor for decades by trying to tie work with purpose so that they can justify work as the sole reward for an employee. Earning the boss money is The Great Purpose of the worker, and should therefore be satisfaction enough. A worker wanting money in exchange is lazy because they want material reward instead of noble intangible fulfillment. It's a type of religious gaslighting but with economics as its foundation instead of metaphysics. Needless to say, the employer doesn't exactly share this sentiment of work being its own reward, but that's the blind spot...and its there for a reason.

[@ZombieJesusxx]

Employer: This company is like family. Also employer: Idc your mom passed away or you had were in a car accident, you can't have more than 1 leave.

[@dirkdiggler2865]

If a prospective employer says “we’re a family here” in an interview RUN AWAY AS FAST AS YOU CAN

[@siriohh4383]

Forreal. I sprained my ankle and had to work 13hrs, meanwhile my regional manager left early to catch his dinner plans in time. What a joke.

[@bernikang712]

What they meant is now THEY are your family, your biological family is secondary.

[@leila_de_hautjardin]

That's true : I got in trouble for having a car accident

[@aaronhousley7178]

Was in a car accident after work, got on the phone with my manager “ you know if you call out that’s a point?” Lol

[@tarabooartarmy3654]

Don’t forget that the employer also expects you to have a perfectly-written resume, write a custom cover letter for their position, pass numerous interview phases that take close to an hour (or more) each, wait for weeks for an answer, and possibly even do free work to “prove” you can do the job even though you already have a fat portfolio to prove that, and then they turn you down anyway. Every single job can require 5-10 hours of work, sometimes more, when you probably won’t even get hired because they went with an internal candidate and could have just saved you all that time and effort by just hiring the internal candidate in the first place.

[@sircuffington]

If they take that long, more than likely, they're trying to find someone else.

[@neilmuir3503]

@@sircuffington no you dont get it. They are always looking for someone they think is a better deal. All of the companies do this.

[@Tomn8er]

Don't know what industry you're in, but if you're spending 5-10hours per job application, you're a tool. Interview process is 2-3 hours tops, resume and cover letter should basically be one of just a couple similar templates, depending on the job. Writing custom resumes/cover letters for each position is not necessary. Most positions I don't even submit a cover letter because nobody reads it anyway.

[@tarabooartarmy3654]

@@Tomn8er I am in a six-figure corporate career, so having something generic doesn't cut it. Unfortunately, practices like this are common in my line of work.

[@goldstein10493]

It's not perfect

[@killersugar6816]

“Your boss is going to screw you, so screw them back.” That’s great advice.

[@chrisschmid472]

An eye for an eye makes us all blind *_*

[@alexb8926]

@@chrisschmid472 lol they got you 😅. But yes that's how it should be but in capitalism you or me are disposable.

[@889976889]

@Alex B you spelled corporatism wrong.

[@sircuffington]

@@chrisschmid472 We were all blind from the start.

[@julija5564]

how to screw them back?

[@mjtvalfather]

I have worked in the recruitment/ HR industry nationally and globally for the past 8 years. This video is very accurate. HR departments and leaders will spout their narrative around talent that give you the impression they care. They don't. The clue is in the word "resources". And the cheaper that resource the better.

[@medicmule]

Having spent 9 years with a single employer and been extremely loyal the entire time, I've learned an important lesson about employer philosophy... The employee must give everything and get nothing, and when they burn out just throw them away. At least slave owners have an investment to protect.

[@0volts157]

It's a hard lesson to learn but once you understand - you are better off. I used to always go above and beyond because I wanted to make a difference. What a mistake. Now I think like the Joker: 'If you are good at something, never do it for free.'

[@0volts157]

@Pavan Kumar Good advice, matey. Best of luck to you.

[@cristiansofrone1127]

Kanin

[@medicmule]

@@cristiansofrone1127 I'm nearly 50 lol I'm not certain what you mean.

[@medicmule]

@@cristiansofrone1127 I don't know what your response means, but it is probably one of the most educational comments I'll ever see... What country are you in?

[@michelfortier9563]

I laughed through the whole video. After 37 years in the Corporate World working for S&P 50 Companies, this guy has it right on the money! You do a great job, get raises and before you know it, your salary is outside the parameters of your job and guess what.....you're re-engineered out of your job (thrown out the door). Happened to me 3 different times. I feel sorry for younger people today. Thank God I was able to make a lot of money in the market allowing me to bail out and never look back.

[@daviddestefano5044]

i also made over 35 years .....dont think the young guy or gal can do that now...culture has changed the "new / outside hire" is valued more then the employee on the job....the corporate ladder non existent with mergers and acquisitions.....the short term (quarter goal) means more then the 5 year plan.....the only advice I can give is work hard, continue to learn, save your $, learn how to invest, ALWAYS HAVE A PLAN B

[@jackmorgan8931]

Hey, Michel... And my story is the flip-side of that coin. I started working full time on Saturday 06/07/79, the night after high school graduation. I got fired on Friday 07/20/18 from what would be my last job. So that is 49 years 01 month 13 days of full time blue-collar labor. And all along the way I was being lectured and chastized for my "bad attitude," told that I "owed" my employer "something," yes, "loyalty" is the word. Define irony: 18 of those companies no longer exist. So now I am indeed that "old guy" who enjoys talking to the younger generation of working men and women. I'll simply quote you then go away: "I feel sorry for younger people today." Michel, stay safe and be well.

[@daviddestefano5044]

you are right on ...we were once told (before a huge downsizing) "if you want loyalty buy a dog" .....employees do not owe loyalty because there is none given

[@briang.7206]

I hired on with AT&T in 1973..back then when people asked where I worked I was proud to say I work for MaBell.

[@jackmorgan8931]

@@briang.7206 Holy crap! You worked for MaBell! That is so cool. So you worked for that evil monolithic empire that had the monopoly of telephone service that simply had to be busted and broken apart in the name of "fairness" and because this nation was not about to allow "big business" to run and control everything? That MaBell? The one phone service that I never, no not once, ever cussed for being essentially worthless considering how damned much I've had to pay to, first, Verizon, for just a few years but now, yeah, I am indeed a loyal AT&T customer. God, I miss MaBell. Brian, stay safe and be well.

[@MercenaryTau]

I remember when an old boss of mine came out of his office to say, "I get 100 resumés a day, all of you are replaceable" and then went back to hiding behind his door

[@sumralltt]

Those kind of managers really get under my skin - They are worthless!

[@infernalstryfe]

Imagine the look on his face, had everyone just walked out then, & there.

[@squirehaggard4749]

I would have replied (or at least thought) that if people are sending in resumes, did it ever occur to him that his people might be sending out resumes, and might all be gone when he least expects it.

[@tedwolf1716]

How accurate. Although, as I've aged, I've been less willing to take garbage or work longer hours. I work so I can have a home life, I no longer work for the sake of work. I did work 22 years for a company before being laid off with 3 weeks of severance. That's the company being disloyal to me.

[@Nope_handlesaretrash]

>companies abandon any loyalty to employees >Employees start ghosting companies, quitting every six month for better positions and refusing to take shit jobs for any pay during the opening moves of a recession forcing employers to jack up pay and sign on bonuses How could any of this happen to us? - employers

[@georgevue8175]

8 miles south of Boston: Retired work at Lowes part-time - Ever since marijuana was legalized no one can pass the drug test.

[@ananimal9779]

@@georgevue8175 they'll hopefully stop giving a damn about popping weed. It's an obsolete policy at this point.

[@georgevue8175]

@@ananimal9779 The 2nd Amendment is absolute.

[@ananimal9779]

@@georgevue8175 that has nothing to do with the topic?

[@howtoappearincompletely9739]

@@ananimal9779 Yeah, I can't work out what the right to bear arms has to do with any of this, either.

[@AlexandrShah]

It’s a first time I hear DevOps mentioned in a video that is not specifically talking about DevOps

[@haihai2999]

lol

[@bryan.conrad]

The normies are using the sacred D word now we have make up another word for "app keeper upper"

[@aaronrobinson2121]

@@bryan.conrad lol I'm using this from now on

[@skatershaner]

It threw me off as well.

[@reza2251]

@@silaszebedee9331 around DC. Yuck no thanks

[@aaronbono4688]

So basically the solution is, they're going to screw you so screw them back. What a wonderful world we live in today.

[@teslascoop2177]

Thats what they want you to believe.. but ask yourself who is doing this

[@darrenrobinson9041]

It has never been any different ever anywhere.

[@sorrychangedmyusername3594]

Dog eat dog.

[@seasdiamond1926]

He is mostly describing the US economy, this isn't that normal in most of the world. It's only because in America we focus everything on short term profits, to the exclusion of long term sustainability or durability against exogenous shocks.

[@matthewsheeran]

It's called Advanced Capitalism.

[@apc9714]

I would like the company I will work for to be like a family, meaning they it would take 9 months to replace me

[@HowMoneyWorks]

LOL!

[@lfestevao]

Son, we have some news: - The bad news is that you were adopted - The good news is that your new family is already at the door

[@johnmcginnis5201]

@@lfestevao The worse news, my wife finally gets pregnant and you are shoved out the door.

[@revcrussell]

Joke's on you, management, HR, and security clearances are all so dysfunctional that we are looking at 14 months for replacing people if we are lucky.

[@jwenting]

the company has multiple pregnancies going on at all times, the one nearest to term to replace you is 8 months pregnant already.

[@dtvjho]

The change was well underway by the mid-1980s. While in college, I was hearing about how RCA in Moorestown NJ would take engineers with less than a year left and dump them with no warning, ostensibly to avoid paying retirement. What chums, I knew who NOT to work for. The newspapers noticed how companies were laying off during a good economic period, kept asking why and saying this was not normal. Layoffs only came when the business cycle was headed south. Now it was being done to "improve" company finances and thereby the stock price. Turns out this was also the time when companies moved away from paying their brass in cash to paying them in stock, with bonuses for a higher stock price. That's when Corporate America figured out they get rid of people just to pump up the company stock. How selfish.

[@Candiedbacon75]

Dude, I worked at a grocery store 12 years ago where the owners sold the store chain suddenly and gave the shaft to 3 or 4 people who were close to retirement. The store manager was only 8 fuckin days short!!! Imagine that. My first dose of reality as a young 20 something.

[@s0nnyburnett]

@@Candiedbacon75 Jesus

[@divonteschiller8788]

Anyone have any idea which assets may be experiencing major growth this new year season? A lot of people have been talking about an upcoming bounce this year. I recently sold my Boca Grande, Florida house, and I want to invest a lump sum before equities recover in the stock market. Is now a good time to buy or not?

[@Infinitetrucker]

I don't believe there has ever been a better method to understand how to enhance your wealth than by working with a skilled portfolio advisor who can research and experience a wide range of markets. The value of the U.S. dollar clearly has an impact on investing in a variety of ways.

[@carolsitsons443]

Because of these market uncertainties, I was left holding worthless positions in the market in 2020, thus I don't base my market analyses and decisions on rumours and hearsay. I had to completely restructure my portfolio with the help of an advisor before I saw any visible benefits; I've been working with the same advisor and have scaled up to 750k.

[@andreasvankur3735]

Indeed, we're just a few information away from accumulating wealth. I know a lot of people who made fortunes from the Dotcom crash and the 2008 crash, and I've been researching prospects in the current market. Might this coach who mentors you be of assistance?-

[@carolsitsons443]

My mentor Zach Micah Demers is well known in the financial sector and has gone through substantial training in it. He is a recognised expert in the industry and is well-versed in the benefits of diversifying one's investment holdings. I suggest you research his credentials more. Because of his broad knowledge, he is a good resource for anyone trying to comprehend the financial market-

[@andreasvankur3735]

I looked up his name on Google and was impressed by his impressive resume; I consider myself lucky to have found this comment section.

[@rayakoth]

Don't forget that this is essentially putting the burden of training/specializing on to the employee.

[@danlightened]

That's the reason Adobe softwares are so easy to pirate. Adobe knows that if a lot of students use their software for free, they will go on to use it at their workplace. And workplaces require mass licensing.

[@qwertyuioppoiqwe]

Companies never gave a shit about people. It's always been about the bottom line. That's why you work for yourself.

[@Murgledoo]

This definitely isn’t what I should of watched Monday morning before work

[@allyshah90]

hahahah

[@TheRegularGamer]

Or maybe it's exactly what you needed to see, gotta know the game to play it efficiently.

[@alexanderfretheim5720]

Yeah probably not a good call.

[@richardblock2458]

I always saw myself as self employed and I have been working since 1973. I actually became self employed in 2005 - and ran my own business for 14 years. I loved it and wondered how I wound up working for years for people who couldn't care less.

[@vox207]

The description for the bank manager is so true. I work at a bank and had always thought highly of the bank manager role but after 6 years I realized they just make sure customers aren’t upset with the bank and to make we hit their sales goal.

[@THillick]

The ‘C’ level doesn’t want great people hanging around a learning the ropes or seeing opportunities to improve the company. As you move further down the ladder the fear becomes more and more palpable. It’s why I spent 95% of my career as a consultant. Higher pay, stayed away from the politics and drama. Moved on in an average of 18 months… It was heartbreaking to meet nice people, with ethics, morals and great skills stay in a place getting 2% raises as their skill set value was increasing 15%-20% every year. Some are trapped by circumstance, healthcare, family commitments etc. Companies feed off these workers.

[@BAIGAMING]

I have a chemical engineering degree and all there is is dangerous laboratory jobs paying $10/hr, now $15/hr since Canada increased minimum wage, it's horrible out there and there's always 300+ people applying for new positions within 24hrs. Canada is really bad because people do not fight for more, you'll see the same job paying $50k CAD that will pay $80k USD annually. You should always fight for more and you should make your own business.

[@MarinelliBrosPodcast]

As a Canadian I can confirm, we accept to much.

[@samzhang486]

As a fellow Canadian I agree. On top reason is Canadians are not as entrepreneurs as Americans ! We tend to accept a job because it is easier than starting a new start up or get a good franchise. Sad ,,, I just started a new business. Looking for partners! Not looking for a job seeker!

[@devilsadvocate6098]

Perhaps benefits matter as well? Dentals, insurance

[@sumralltt]

Good luck with making your own business since 80% fail within the first 5 years.

[@sumralltt]

@Iron Ostrich Jesus said you will be hated because of me. I was not promoted because I didn't fit - In other words I would not lie for the company and that was a job killer!

[@SpaceTimeTurtle]

Last year someone I worked with retired after 63 years at the same company. He already had 25 and 50 year gold watches. This guy was super knowledgeable and sweet. He wasn't replaced and a mountain of information walked out the door....

[@briang.7206]

Its sad I was lucky to be trained by an old timer with 30 years experience. A very skilled person who took pride I their work.

[@harrywilliamson7043]

The US military has had to deal with the problem of leadership turnover for decades, if not centuries. They have no option but to promote from within. They manage it by making a core part of a leaders job the task of preparing thier subordinates to move up and take over, on very short notice if necessary. Takes a lot of effort and resources, but significantly cuts down any transition issues.

[@Locusthorde3000]

Turnover in the military is high because most new troops are there to get job training and/or "free college" and have no goal to stay in past their four years. We got told by multiple SNCOs that "we dont want you" in reference to the people who join just for college then leave.

[@harrywilliamson7043]

@@Locusthorde3000 ehh...not quite. The military has a hard "up or out" policy. Officers have to continue to get promoted or are forced out. NCO's have a similar system, how long you are allowed to stay I'd based on your rank. You can't even get to retirement unless you reach E-6. Those just in for training don't usually even make it to NCO. They are not really a factor in leadership turnover.

[@sp123]

Harry, that makes perfect sense as you don’t want some one to leave and expose high end military secrets

[@sumralltt]

The problem with the system is that it is a good old boy system - If you don't have a sponsor then you are going promoted into the upper ranks.

[@harrywilliamson7043]

@@sumralltt err...not really. Decisions to promote are never solely or even mostly in the hands of Sr. Officers. And mentoring is a considered a key part of leadership in the service all the way down to E-5's

[@renatoruiz8534]

I've been with a medical device manufacturer going on 22 years now. I'm on my 4th manager. I can be replaced, but the training for a new hire would be VERY expensive and time intensive. Mistakes have the potential for million dollar losses. No one really wants that level of accountability.

[@AppleSauceGamingChannel]

Seems like you're due for a raise

[@lurkerofthenight]

Shouldn't you be the manager by now? Or at least earning way more

[@patriciabetker6747]

I gave 1 week notice for a job that I was loyal to for almost 2 years. My thanks was to get blacklisted just because I dared to leave the company. Never mind that I was forced to leave on Dr's orders because of repetitive strain disorders caused by the job. Now I dont hestitate in giving no notice. Working retail the managers treat you like shit and you are very easily replaced by high school students. My rant for the day.

[@patriciabetker6747]

@Glorious Ragnarok Current employer is like that and with a bonus of making bad business decisions. Coupled with the fact he refuses to reduce production despite sales being wwaayy down(working at a bakery) and I will be leaving for a much better job shortly.

[@anyany2021]

Yup, all of what is said here is accurate. "The bottom line" is money, that's for any business, anywhere at anytime. As long as you are making the business money and not costing them too much money, you can stay (maybe), but make that one big mistake (or even sometimes no mistake at all) and you're gone. You can always be replaced in the business world.

[@daviddavid5880]

Nice vid. I perfectly remember an ahole manager asking me if the rumors of my quitting were true. ("Were you planning on giving me 2weeks notice?", "Would you have given me 2weeks notice if you fired me?", "No", "Well that pretty much sums up our relationship in a nutshell doesn't it") It was a good day.

[@JJ-io4pe]

My best advice is to switch jobs often, you will move up much faster. If you have been in your current role for 2 years then you are underpaid.

[@Robbedem]

I'm glad I don't live in the USA, because I would hate switching jobs that often. And I definately prefer switching jobs within the same company.

[@427skies]

@@Robbedem I tried that and they basically told me no. So now I'm trying to leave.

[@johnd4348]

I tell this to young workers all the time, but they don't believe it. at 58 I have been doing my job longer than most of these guys are old. I have never stayed with a company more than 3 years. . They to will learn. When they have been with a company for 10 years and never gotten a raise, then they might catch on.

[@xymos7807]

This makes a lot of sense. Always been warned of "gatekeepers", people who hold onto knowledge that would be helpful to the organization so could feel more important. In many cases they became a Single Point of Failure because their absence meant operations were disrupted. I hate jumping from company to company hoping for a higher paycheque. Loyalty is something I pride myself on, but the value just isn't there anymore.

[@wilde.coyote6618]

Be loyal to yourself.

[@TheEmperor000]

I got that tip from a coworker. Knowledge sharing and documentation puts your job at risk

[@DennyJr22]

That Big 4 comparison is all too real, 80+ hour weeks for months on end making an effectively net hourly wage less then a Starbucks barista. Yes the payoff on the other side is generous but having your soul sucked out for 2-3 years on top of just busting ass in undergrad/grad/CPA test for 5+ years before hand doesn't seem worth it to me.

[@JD-qf8ul]

It is not worth it really, only someone with limited work experience would do it. In my eyes, as you say, you go through all the qualifications, degree, masters, CPA or whatever, you should be on money within two years. If that is not the case why do it.

[@raybod1775]

You can only enjoy being young once.

[@lolwtnick4362]

its competitive. its designed that way. you are literally competing against coworkers until they get fired or you do.

[@raybod1775]

@Rich Foley GE and other American firms mistreating employees are paying the price, in part by promoting mostly self-serving narcissists who eventually run firms into the ground. The corporations that continue these crazy practices are losing ground in the world. The smartest, most capable and most driven younger people are simply saying “No, I’m not putting up with this”. Companies like Google, Facebook, etc. know if they don’t treat their staff right, their best people leave. Sure they drive their people especially in a crunch time, but rewards normally follow.

[@Laneania]

I do not know how it is in US, but in my country Big 4 mostly do audits. As an accountant I had to explain to the auditor from Deloitte what prepayments are. The quality of their audits are atrocious. From my experience this hiring fresh graduates is just cheating the clients. They pay ridiculous amount of money for quality audit and get people who seen balance sheet month ago for the first time. Technically the experienced supervisor is managing the audit, but 80 h/week work schedule does not scream thorough.

[@sunnsnowboy6464]

One of the points made was: "An Abundance of Skills". Another point that can be made is: "No need for as much skills as before". Just like in the last example with the bank manager, computers also help with many other jobs. In electronics for example, you have a lot of software to simulate schematics, create circuits (mostly digital)... Analog still requieres a lot of skills but digital electronics mostly reguieres some programming skills and it is by far more dominant these days. So, in conclusion, the easier it gets to use the tools needed for the job, the less companies are gonna care for their employes. For example, anyone can play chess these days if you allow them to use Stockfish.

[@j0nrages851]

You've put in some pretty blunt terms why companies don't train their people as much as employees would like. As a recruiter & HR professional, Thank you!!

[@ADobbin1]

But will your company learn and change your practices? No! Its an unnecessary expense when you can just hire from outside and replace the current crop of wage slaves.

[@dan44zzt231]

My company is like that. They claim to be committed to training and proffesional development - but only if you do it in your own time and sign an agreement to say you'll repay any costs if you leave within X number of years 😂

[@greasybumpkin1661]

Ah HR professionals, the doting jannies of the rich elites while receiving similar compensation to the workers they fuck over.

[@grimview]

Real contracts are what recruitment Agents of Preforming Artist (sports player, music, media related) are able to get. Think about the types of deal from films like Jerry Maguire & Money Ball. What your most impressive recruitment deal or what is preventing you from being able to make such deals?

[@Savagetennis]

I own a company and I can tell you that caring for each other is my role as the owner. I mentor. If they move on that is great. I expect growth in an individual. I am loyal to those that work with us. In other words, I show love and respect. 8f someone feels obligated in return, I hope they pass it on.

[@JPPSrules]

Can I come work for you?

[@ningdong8399]

same here. can I work for you?

[@zmdeadelius]

Nice video. Now I understand why local companies (my country is an outsourcing destination) don't bother promoting as much.

[@HowMoneyWorks]

Yeah, it's an unfortunate state of affairs, but if you understand the game you can still do well for yourself. Thanks for watching.

[@zmdeadelius]

@@HowMoneyWorks Absolutely. Thanks for posting.

[@Ishikawa745]

Just by any chance is it Philippines or somewhere in asia?

[@elifbaran8003]

I was working in HR and always had to tell the candidates that we were looking for long-term colleagues whereas behind the doors we were not at all and most were fired within a year. so don't always believe when HR tells you they're looking for someone who will join for long term

[@CozySER]

Dont worry, most people who say they are also looking for a great company to be with for years in an interview are lying to your face too.

[@Luemm3l]

I experienced exactly that as a trainee. During the interview they said yeah, we look eventually for a new permanent member on the team. Half a year before my contract ended I reached out again, so how about that role, any opportunities here like we discussed? Sorry pal, try somewhere else. Yeah, fuxk tht.

[@elifbaran8003]

@@Luemm3l it sucks, I hated that job like I know the truth and I'm not even allowed to say it. i tried but it got me in trouble too. why lie yeah? head of the department was crazy. what they do is, they hire you short term first to see if they can use you like suck the best out of you first and if they think you don't do a good job later on then that's it you're fired no truthful explanation nothing

[@mojoman327]

Im 50 and have worked for 20 employers in the last 25 years. Finally, im in a good position at a company that pays extremely well, and my boss is not a sociopath. If they smell fear, you will be gone. Quit being scared. Ask for what you want. One hint of disrespect, one lie, you leave, right then and there.

[@mVpSlayer]

I used to work 10 years in an automotive factory, in a middle management position. I ended up being responsible for half the factory but I decided to leave when I saw how they treat other people, regardless of their position or role. During the 2 months advance notice, the top management or PR didn't even bothered to come ask me why I'm leaving... Best example for how they really don't care.

[@GingerWritings]

One important note is that some external hires can completely blow up a project due to them not understanding what their new team and product is. Look at the video game and software industry; external executives have a bad record of sinking games and programs they didn't understand.

[@gregparrott]

A direct and honest video. Having gone through this for decades in engineering and then retiring, I can add a few adjuncts. 1) The tendency of both the employee to change jobs, and the employer's to accept the applicant diminishes with their age. It starts young (40 - 45) and accelerates from there. 2) The skill set that CANNOT be automated and replaced by computers is diminishing AND at an accelerated rate.(e.g. Robotics and AI combine to compete with surgeons.) 3) An increasing number of work positions are explicitly part time, with no long term perks ( X hours/week, interim solution, completion of a task or assignment, etc.)

[@thatfatguy7591]

Any advice for a recent engineering graduate when job hunting? Salary, hours, postion? Thanks.

[@gregparrott]

@@thatfatguy7591 In what field did you graduate? Also, are you willing to move, or do you have strong preference for a particular area (and if so,where)

[@thatfatguy7591]

@@gregparrott Hey, thanks for responding! My field is mechanical engineering. Right now i'm in texas for the time being, but once my lease is up anything is possible.

[@gregparrott]

@@thatfatguy7591 Texas? Good. It's an economically strong state. So at least you're not located some place where there's a small or depressed market. I was in mechanical engineering as well. The market is growing in fields like electric cars and the requisite supporting infrastructure, healthcare for an aging U.S. population, robotics, water purification, etc. My rationale is that it's easier to move up the proverbial ladder in a growth market than a mature of declining market. Some very volatile, early stage markets have huge potential for growth, but do so at the risk of being very volatile. These include fields like nanotechnology and biomechanics. They're exciting, but you have to keep your resume current and continually look for alternate employers, in case they fold. I'd like to include commercialization of space. But this is probably riskier because their funding is often from the government, is erratic, and employment may be limited to relatively few locations and companies. Sadly, that is the case for those with a nuclear engineering degree. As much as I enjoyed working as a mechanical engineer, were you to start college today, I'd suggest electrical engineering as being in higher demand. If you can add some EE skills to your resume, or programming embedded systems, or hardware programming of FPGAs using Verilog or VHDL, you will greatly increase the number of companies that will seek your services. One philosophical issue is - do you want to be a master of one subject, or a jack of all trades, but master of none. I leaned towards the latter. But it is a personal choice. But, in the end, you go with what you can enjoy for decades to come. Decades ago, I accepted an offer from a company that paid ~10% more. In retrospect, I would have been better off in the long run had I accepted the lower offer - more advanced technology, greater 'learning curve' potential, greater promotion prospects, an industry wth greater growth potential, and located in an area with far more employment prospects if/when it became time to change employment. It used to be that staying with a company for decades was a great career path. But that is NOT the case now. Statistically, you're better off changing jobs every few years. Pay raises are better, you can select what most interests you, the exposure to new challenges provides a faster learning curve, and the increased breadth on your resume makes you employable to more companies. One other item. If you're venturesome, you could try starting your own company, perhaps part time to start, with a few friends. A friend's son did that. Although he is not an engineer, he learned SolidWorks, how to create prototypes with a 3D printer, figured out a marketing/promotion angle for a niche product, and is doing quite well with it. Plus, he has been able to balance his time for mountain biking in the Summer and Skiing on the Winter.

[@Sashazur]

I learned this in the 80s in my first job out of college. Our company got taken over and they fired almost every senior engineer. These guys had invented things that were making the company billions, but for years after that had been allowed to putter around like tenured professors. They also figured they could replace them with cheaper less experienced people. I’m sure it came as a rude awakening to them, but it taught me that I shouldn’t and couldn’t expect loyalty from my employer, so I didn’t owe it to them either. I never worked my ass off throughout the rest of my career; maybe I didn’t get as much salary or bonuses I could have, but I also didn’t get as much stress!

[@Casavo]

I'm a decent example of this, I've been with my current employer for over 10 years as a maintenance man at a apartment complex. The most amazing thing I've seen from this is the fact my current management which is based in a different city 300 miles away came to visit the property and genuinely forgot I still worked there. He asked me "You still work here?". We had a interesting conversation and he agreed that him not remembering me was a good thing since it meant that nothing was wrong with how it was going then. My on site coworkers change every 2-3 years but I'm still here as I make more money then any other similar jobs will pay by almost 80% for the region I live.

[@Razaiel]

I finally realized this after working for my previous employer for 8 years. I accepted a recruitment offer from another company, they offered me $14k more to do the same job. This was after two consecutive years of >2% annual raises despite banner years for that company. Last I heard, they were hemorrhaging employees because other places were offering higher starting wages.

[@hornetguy9063]

“Loyalty” makes sense if you’re invested heavily in the company. Like if you’re senior executive and getting paid in company stock, then yes, push hard and get that ROI. But everyone else, it’s simple. If you stay, expect 5% raises (if you’re lucky) and to be passed over for promotion opportunities. At least legitimate ones, I love how most “promotions” these days are merely title changes designed to move you up a pay band, but you still report to the same people. Look around, though, and they’ll offer like 15-25% more to poach you. Then they’ll phone it in with your development once you’ve signed up. Might as well go for the latter. Jump companies every 2-3 years unless you’re a chosen one

[@ouroborosrecords]

I have never met someone in a GM, MD or CEO role who has stayed at one business for more than 3-5 years, unless they own the business.

[@sumralltt]

Even then the company my replace you with a younger cheaper employee

[@ericgarza7201]

@@ouroborosrecords dam yea sir like every 3 years there’s a new CEO

[@AsakuraAvan]

5:48 I'm not sure if I agree with this entirely. There is always a learning curve when new people are placed on a job, the learning curve might vary from person to person but nobody hits the ground running. Company will have to invest in the newly filled position regardless whether its and insider or outsider. I would argue that it is easier to train in house staff since they would have already been familiarized with the operation. Every senior manager most likely has a right hand man/woman that shadow them and takes care of the majority of the managers day to day tasks. The only issue that I see might arise from promoting from within is that people who are passed over for the promotion might be resentful and leave.

[@CigaretteCrayon]

It's called the Peter Principle.

[@cosmicinsane516]

At-will employment has made people realize just how replaceable these companies are. I even put my old employer on probation for a year after they failed to pay out bonuses they had promised. 8 months later they shorted my check $50 and I quit the same day. Told my boss I had informed them the company was on probation, and since they screwed up again they don’t get a third chance.

[@duffinthemuffin5792]

It is ironic now with the great resignation in full swing seeing this video knowing if I quit my menial job would be even less staffed and strained even further

[@elenabob4953]

Do you know how you identify retrograde companies who will be in trouble soon? Are those companies who know the working for home worked for them for 1,5 years but who insist on having the employees back to the office because "company culture". They don't adapt and they will be obsolete soon.

[@Lemurai]

Seeing these complaints made me glad I front loaded my career, I joined the military at 17 & recently retired at the age of 37 with 20 yrs of service. I couldn’t dream of 30-40 yrs of monotony & possibly dying at my desk on the clock. I’m sorry for alot of you that chose that way out, I figured walking into the unknown and embracing my fears was a better choice than sitting at a desk decaying over decades, thankfully it played out in my favor. Atleast now I have leverage & can/will walk out of the conditions of my employment aren’t met.

[@andriypredmyrskyy7791]

Yo, engineering grad, this happens with us. No one I know has stayed at the same company for more than two years.

[@dejjal8683]

Employers don’t care because we the employees won’t form a united front. Our fear is their greatest weapon.

[@blakehoughton5244]

And when they start to get upset the state decides it may just import new workers that won't complain so much or exporting work. This also has the added benefit of lowering labor costs.

[@billr5842]

People need to grow a spine and fight back

[@BrandonSimmons-do6jq]

Yea, I've been a dispatcher for the same company for 13 years and they give me the smallest raises every year. They know I won't leave and they take advantage of it all across the country....all 50 states. At 51, I don't want to change jobs either.

[@timkramar9729]

I've been working for my company 18 years. If I stop working there, I'll probably face age discrimination at any other employer.

[@maxfastest]

I'm 65 this year And it's been like this since i started working in 1974 ! Companies don't give a crap and never have ! I quit working in 2009 due to the financial crisis, all of us older workers , that were the best production staff, got cut ! No worries ! Went on SSDI and loving retirement !

[@davesmith3884]

The days of working for a company and get a retirement are long gone. Company loyalty goes about as far as a paycheck. The company pays you for a days wage and you expect a good wage for for that day. You hope to get some benefits like medical if you are lucky.

[@jonaspereira007]

I've worked 10 years in the same company (I'm 36). They didn't even send an email to congratulate me. One colleague of mine who was a bit older received a small statue of plastic after 10 years in the company lol.

[@sumralltt]

As a company representative (Pretending) - We would like to thank you for your 10 years of service!

[@jonaspereira007]

@@sumralltt thanks!

[@gear3204]

My grandfather worked as a machinist for over 20 years that was back in the day though he got a plaque and a ring for retiring. For me now as a machinist and a welder its just a needed position i don't mind not getting anything but holding loyalty to a company never crossed my mind simply because if there is better pay or hours i know that the company will find someone when i put in my two weeks the only people id actually miss or leaving are my fellow workers

[@wilde.coyote6618]

The best thing I ever did was buy a Monarch lathe, Bridgeport, and do side work from my garage. In four hours on Saturday, it accounts for 1/4 of my net income.

[@torkgems]

I love this channel because it gives me a helpful dose of existentialism while retaining realism

[@containedhurricane]

An employee can be replaced by thousands of people, because there are many smart ones graduate from universities each year. If you're really smart, rich or privileged, you can also open your own business

[@GCJACK83]

Funny thing is, looking at employees as disposable slaves has now spectacularly backfired on employers across the board. Beyond that, stagnant rates of growth in the size of paychecks for all workers, and customers who rage at the drop of a hat (yes, I mean Karens and Kens) makes it so employees aren't breaking the doors off the hinges wanting to come back.

[@Pistolita221]

That can't be true... Those guys told me they were the smartest people in the room.

[@sircuffington]

Makes you wonder why 2-week notices are a thing of the past.

[@seabreeze4559]

complaint is legitimate asking someone to do their job is not being a karen that's literally their job

[@seifer447]

@@seabreeze4559 Karens dont ask you to do your job, they ask you to do things they want that you dont need to do and then scream when you dont.

[@dms79]

@@seabreeze4559 It isn't what you say; it's how you say it.

[@daniboy9198]

From what I've seen, staff loyalty is mostly a thing of the past. Something from the older generations. With low wages, the cost of living, automation, and the rise of the side gig, company loyalty is quickly becoming obsolete. People do need money to survive in our world, so they'll usually go where the greater amount of money is. As someone who has worked their share of low paying, high turnover, dead end jobs, why should I be loyal to a company that doesn't care about me other than as a mindless worker bee?

[@23cla69]

Working remotely in 2020, I found a way to replace my job. A few months later, I found a way to hire remote tech workers outside the US. Everybody is replaceable especially when companies know cheaper labor exists.

[@anzebeton1869]

My previous employer, a hotel chain, is almost malicious in it's employee treatment. But they still have constant job postings online and they were even interwieved once about not having enough workers. Some companies are real life "stick in bike spikes" meme and have absolutely no self awarenes.

[@dracul1984]

I always love when an employer threatens to fire me. My response is always a blank stare and, "So? I can find a different job."

[@andersnielsen6044]

That would be your last words to me.. Ever. ;)

[@dracul1984]

@@andersnielsen6044 Oh well. When an employer treats the employees as expendable, it is only right and fair for the employees to treat the job as equally expendable. 🤷‍♂️

[@andersnielsen6044]

@@dracul1984 Sure, that is what the employer expects. ;)

[@wilde.coyote6618]

@@dracul1984 the door swings both ways

[@dracul1984]

@@wilde.coyote6618 Yeah, and I always see it swing back and smack them in the face. No Joe Schmo could ever replace me, even returning to a couple jobs I had previously quit.

[@WildkatPhoto]

So your description of only internal hires and multiple people moving up at the same time happens every day in the US Army and it works quite well. Ive spent 36 years in the Army and instead of tossing me out because of change, I have become more valuable. Change is constant and people who know how to lead in a changing environment are particularly valuable. I think a lot of companies are screwing up with constant turnover but they seem to prefer it.

[@dings215]

I've been at one company in many roles for 18+ years now and I can tell you from the other end of the spectrum that you are 100% correct. The opposite method - hiring from outside - works not at all. You constantly have new people filling senior roles with decision making authority who know nothing about the industry they got friend favored into. On paper, hiring from outside seems like a 'win win' but the learning curve is so steep that job hoppers take the job, last 12 months and then the cycle starts again. The role they outside hire for NEVER gets filled with someone who can do the job. As a plus, every employee internally who could and would do the job ends up turning into an automaton who is just there for the paycheck.

[@pablobronstein1247]

Army is structured to last. Jumping from ladder to ladder is relatively new concept in companies.

[@WildkatPhoto]

@@dings215 I think it goes hand and hand with the short term, "make next quarters numbers", focus so many companies have. Its like they dont even plan to be in business 10 years from now let alone 100. Most people retiring out of the Army talk about leaving things better than when they arrived. You dont get that from people who job hop because they dont care if the company is better, only if they are better. It becomes a vicious cycle of "Company doenst care about me so I dont care about them".

[@ausaskar]

@@dings215 Exactly, it completely baffles me how the Linkedin job-hopper culture gets ANYTHING done. By the time they should be settling into their new position to be productive, they're out job shopping for more pay.

[@VoidplayLP]

@@ausaskar and why wouldnt they? Time is the most valuable thing anyone has so why spend it less effectively to make some random company better?

[@wolfgangloll2747]

the stupid thing is that these are two systems for two different types of characters. There are actually people who see it as a quality of life to have a secure job and to know where they will be in 10 years. and I think it's a sign of inefficiency if you have to hire often.

[@aaronrobinson2121]

I wanted to point out that not every company is like this. The last few that I have worked for have done their best to stay competitive and keep employees for longer. I still check salaries every 3-6 months to make sure it's in line though. Being in a company that stays competitive on salary is no reason to become complacent. But at this point it would need to be more than a 25% increase in salary to justify leaving.

[@JahBreed]

When we have groups of employers working together to control one or another industry, focus goes from efficiency, etc. You know, the things we were told would keep us secure in our jobs to screwing up. Having incompetent people assures there is always plenty of work available to feed the Cabal at large.

[@zeusmendoza3612]

Proud to say I never kissed ass or was loyal to an employer. I work to live my life, always put yourself first 👍

[@KailyKail]

I have worked for four different banks. Each bank I’ve worked at uses widely different programs to get the job done.

While recruitment can be expensive, so can retention bonuses and raises, and after a certain length of time it's going to be cheaper to find someone new. Especially because training doesn't take particularly long as you mention.

[@Chess613]

I would push back on the idea that "vertical hiring" is a problem. In my experience, having a manager who was a former employee is the perfect person for the job: they already know the business, they have the respect of the employees because they were one of them, and they know what changes are needed. I think it's easier to teach an employee managing skills than to hire a manager who doesn't know the root business of the company nor the people who he/she's managing.

[@ulrichleukam1068]

It really depends on the expertise, industry and skills involved in the matter. Who will you promote: - the best (most productive) employee and leaving a massive gap with no experienced one to fill? - the senior (longest serving) employee and disregarding the feelings of other productive employees - the most competent employee for the role, and disregarding the 2 people mentined above? The most save solution for most companies is to hire someone externally who has experience in the role, prefarably a talent from their competitor. As high performing and even senior employees can still be rewarded with pay rise, bonuses and more complex/rewarding projects ... so they do not necessarily need to climb up the ladder

[@rh906]

I can always rely on this channel to give me a much needed cold splash of water when I start huffing the hopium.

[@TheDanaYiShow]

"employers are going to screw you, so screw them back" 😂😂😂 I'm not sure why I laughed so hard at this

[@rufusmcgee4383]

I remember the first time I had to sign an At-Will Termination agreement. As they explained it: "We can fire you at any time for any reason whatsoever or for no reason at all." That's when I realized the sum total of a company's loyalty to its non-corporate employees was less than one-half of zero.

[@carmeenamack]

"screw them back" my game plan in a nutshell which is the bomb I plan to drop any day now...

[@redthered3242]

the bomb isnt an actual bomb tho right

[@carmeenamack]

@@redthered3242 Now that you mention it... :P

[@alexanderfretheim5720]

I really hope that isn't your real name. LOL!

[@betterthanemril988]

What I’ve learned about these companies (especially high successful ones) they don’t care if you’ve been loyal to them 10 months, 10 years, or 100 years. If you are not one of their favorites they will fire you the first mistake. Through a former manager I found out sick and twisted shit management would do to me behind my back. Plotting to make my time at the company as miserable as possible and making up write ups that I was never aware of or asked for my signature. I will be pursuing legal action.

[@officialcheetahhopperz1]

You’re missing some important factors to consider here when working in corporate structures, one of those factors is the cache that you develop when working with the same managers and leaders for a long time there’s a level of trust that’s developed in that situation and that affords career possibilities and improved work assignments that’s all built based on building relationships overtime, very difficult to do when you hop from company to company. These days when good managers and leaders talented people find a good company to work for that’s differentiated itself amongst the industry they typically tend to stay there I’ve seen it time and time again and I am 30 years into my career. I focus on working with high-performing teams and make sure I’m working for a company that has those it’s the relationships that I build that matter and those are things that keep me with the company.

[@MrNickcrush]

This is why I don't feel bad calling in sick just to have a day off cause I need a break.

[@dildoswaggins2907]

I’ve always enjoyed smaller businesses than larger ones, they really value your work, constantly getting offers from big companies and just laughing , especially over the last few years , same companies too. Can’t keep staff around aye?

[@jeffjackson9679]

Maybe it's just the field I work in (chemical operator), but I always find the bigger companies have pay and benefits far exceeding the "mom and pop" shops. For my position the big companies pay around $25-$30 an hour. One time when I interviewed for a small company they tried to bring me in at $12 an hour, with no benefits for 90 days. I almost laughed in their face at that offer, esp. considering they were after people like me with experience AND a two year technical degree. I understand some people like the feel of working for a small company where everyone knows everyone etc etc. but to me it's a JOB. I'm going to go after the gig that offers the best pay, schedule, I don't really give two sh*ts if the president of the company doesn't know my name or gives me a handwritten christmas card every year. But I always know to seperate friends/familly from work. But to each their own I guess.

[@aspensulphate]

Interesting comment, Dildo.

[@kevinmach730]

That does not reflect my experience, but I guess it depends on how small of a company we're talking about. Nothing like having the "head of accounting" mad at you over some trivial thing, when it also just happens to be the owner's wife.

[@alclay8689]

Same. I've worked at Amazon and at a tiny little 4 man shop. The smaller companies are better to work for imo

[@Mic_Glow]

Solution is to go into specialized jobs that require multiple skills... and/ or jobs that very few people want to do. Looks like everyone nowadays wants an office job, even if it pays 2-3x less than a physical one.

[@Minecraftiano1204]

The problem is that physical jobs are in danger of being replaced by machines completely.

[@the11382]

Supply and demand

[@sudoscoobs1373]

@@Minecraftiano1204 I mean, I think we have a decent amount of time before it makes economic sense to send robots into people's homes to do plumbing/electrical/HVAC/general contract work. And even further still from machines that can problem solve well enough to fill repair positions such as auto or electronic repair. And there's plenty more similar stuff I haven't listed here. So yes, while automation is on the rise, there are a lot of physical jobs where automation is a long way off from being the most efficient option. Not saying it won't go that way eventually. But I'm giving myself a good chunk of time yet before I have to worry.

[@xXIronSwanXx]

I actually prefer a moving job instead of a sitting for a prolonged period of time and straining your eyes/ back job. The problem is the moving around jobs pay less and are in danger of automation. Also as a social thing, many office workers tend to look down on other types of jobs and think they are above in the social hierarchy.

[@keksimusultimus4257]

amen to that.

[@unconventionalideas5683]

Ironically companies are starting to fret now that there's a labor shortage that not caring about employee loyalty maybe was not such a good idea after all.

[@FricknA]

If an employer doesn't give a two week notice to fire you, why should I give one?

[@MNRHayes1]

No

[@nbhav1992]

You should do one for SWE, the tech stacks change everyday and the new hot thing is gone in two weeks.

[@PenguinCrayon269]

what is swe?

[@jweipjklawe4766]

@@PenguinCrayon269 software engineer

[@paulgerg6879]

There is this big question the press keep asking in the UK, why is productivity in the UK so low? This, in a country where pay is going down, work hours are going up, zero hours contracts are more common and cost of living is skyrocketing. It astonishes me that they have to ask this question at all. Employees in the UK can't be bothered to work hard for an employer who can't pay a decent salary or care about their employees. It takes two to Tango and neither employer or employee wants to dance.

[@arrowrod]

Yeah, bring in a outsider as the new CEO. He gets his bonus, the company goes bankrupt. But, the MBA's get to run wild, until the collapse.

[@erroneous6947]

I learned early when training new employees that I would leave out a few small things. Just enough so they would be slower and less efficient than me. Remember this when they ask you to train someone. You’re probably training your replacement.

[@nanky432]

The moment the stock price became the reason to run the company and not the fact that companies existed to supply demand is when offshoring became common and loyalty died. I put it circa 1982.

[@isaacannanjr2371]

It's important to upskill and keep reading books to enhance your skills. 💯

[@river13]

They want full loyalty to the company but give none to the employees.