#attrition

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Too many of us applied!

My thought is so many of us applied that they couldn't hold up their end of benefits for everyone to depart in Sept. The added dates allow at least one large depart per quarter for a full year! If we quit between now and our separation date - OVER A YEAR FROM NOW (!!!!!!!) they don't have to pay us anything!


Any Precedent like this situation? Any legal protection possible?

For this situation where VSP was accepted but the end date is like 6-16 months from now, has this happened in other companies? This all seems like the company’s attempt to CYA themselves with their mistake of offering VSP to everyone. It just seems like Centene doesn’t want to give out too much VSP benefits, and they’re hoping for attrition, that folks (who clearly signed up for VSP) will either leave on their own or get PIP’d or get fired.
Since there’s no job protection during this 9-16 period, what else can we do? I’m curious if anyone has thought about contacting a lawyer to review this situation. I’m not planning to initiate that myself, but if someone wants to form a group to explore that, please sign me up!


VSP Separation Dates A Year From Now

With some many people getting dates a year or more from now (way past the original September 2026 date) it seems pretty obvious they are hoping people just quit. This will save them money in the long run not having to pay out lump sums.

Such a slap in the face and a sh-tshow.


I'm about ready to walk away

I've watched so many experienced people leave this place in the last year. The replacements don't know the job and don't seem to want to learn. Meanwhile, management acts like the veterans are the problem. We're the ones carrying the weight, but we're the ones being blamed. It's exhausting.


Word is that senior people are leaving XOM in waves

If this is true, and with dead weight in management just getting heavier, we'll be in major trouble very soon. When you lose most of the people who know what they're doing and you add useless managers instead of trying to replace them, things are bound to start breaking sooner rather than later.


Who goes first RIF or VSP

I'm not sure who knows how some of these things work but the VSP gives the company the ability to plan a org flatten and restructure over time, that's the "Long Term" plan.

RIF is the big cut

So..... The order of things
Phase 1
String this along, a percentage have already and will just quit (voluntary attrition is best and cheap)

Then kick off the plan.
Step 1 - VSP notifications and dates are final
Step 2 - Month or so, after a period of time to give people that are not happy with their VSP to just quit on their own. (again voluntary attrition is cheap)
Step 3 - Some point around the month you'll see a sizable RIF to scoop out the undesirables that didn't take VSP.
Step 4 - Long departure dates, the workload will increase, metrics ill change, micro management will be the theme.


Something has to change

Whenever someone leaves the team, the first question is never "how do we replace this person?" It's "who can take over their responsibilities?" Before long, their entire workload gets spread across everyone else, and we're expected to keep everything running like nothing happened. The problem is that this keeps happening over and over, and the team is already exhausted. People are working longer hours just to keep up, but there doesn't seem to be any urgency from management to address the staffing issue. I honestly don't know what the breaking point is supposed to be before someone realizes we need more people if we're to keep going.


I feel worse for the people who still work here than the ones who just got let go

It's awful seeing coworkers lose their jobs, and I wouldn't wish that on anyone. At the same time, this place has had serious issues for years that leadership never bothered to fix. Looking back, almost everyone who's left has ended up happier somewhere else. I'm starting to think the people who walked out last week may have gotten the better deal.


They're going to destroy the company like this

They keep promoting young, inexperienced people into management positions while the people with years of experience and real qualifications get passed over. So we end up losing our best talent, and replacing them with people who don't know what they're doing most of the time. Solid business strategy. /s


Here's the thing about layoffs

They cut the people, but they don't cut the work. So the rest of us are left trying to do the same amount with fewer hands. We're now all stretched way too thin and I can feel people burning out. I'm honestly worried that some of the remaining team members will decide it's not worth it and leave, and then those of us left will be in an even worse situation.


Short-term thinking

Push out the older, more expensive workers and bring in younger people at lower salaries might sound like a great idea, but there's a problem with that plan. The new hires are all about protecting their personal time and sticking to exactly what their job description says. They're not going to fill the gaps or do the extras that the veterans used to handle. And they'll leave as soon as something better comes along - as they should. When the experienced people are all gone, there won't be anyone left who knows how to keep things running.


Made Up Positions

As I was browsing through LinkedIn today I couldn’t help but noticing how many P66 employees have what appear to be just made up positions. These are not necessarily highly paid positions but it does seem certain people are being “taken care of”.
In too many cases it not what you know or what you can do but rather what connections you have.
This is happening while Go-Go and Tractor Man are laying off legitimately good employees.


HR Statistics

IMO. These days, the company pays no importance to retention. The majority of XOM employees in the US will likely have a maximum of 5 years at the company before they finally realize that they are better off somewhere else. 10 years maximum if they are a glutten for punishment and think they are going to make it to retirement eligibility. Considering RE being 55 with 15 years of experience. Who in HR has the statistics of the last 5 years of attrition with the why they were separated, for Campus hires and Experienced hires? What are the breakdowns of left on own will versus MLRP?
My prediction for the future employment longevity in the US for MPT for someone based upon when hired is the following:
Age of hire: 22 - 25, probability of lasting 30+ PA cycles 3-5%.
Age of hire: 25 - 30, probablity of lasting 25 - 30 PA cycles 5-7%.
Age of hire: 30 - 35, probability of lasting 20 - 25 PA cycles 2%
Age of hire: 35 - 40, probability of lasting 15 - 20 PA cycles 0.5%
Age of hire: 40+, probability of lasting 15+ PA cycles 0%

HR does not care about retention. People are a commodity to them and they have sources of cheap labor outside of the US that are going to run the company.


Hiring for roles they just fired?

How can they lay off AMs, while turning around and immediately adding new AMs?

It seems like what might be really happening is CDW is trying to re-set the payroll with lower paid employees and foregoing the experience, expertise and customer relationships of AMs who were paid more competitively.

I’m sure that’s also happening in other departments.

What could go wrong?🤦🏻‍♂️


PwC Initiates Voluntary Exits in Audit Division

PwC has implemented targeted voluntary redundancies within its UK audit practice, affecting senior associates and managers. This move follows a trend among Big Four firms to adjust staffing levels due to slower market conditions and reduced employee attrition. The company stated these exits are in areas with low natural turnover to ensure the right skills are available for market opportunities. This action mirrors similar workforce recalibrations at KPMG and Deloitte. The Big Four are collectively rebalancing their workforces after a period of rapid post-pandemic hiring.

London, United Kingdom

https://www.peoplematters.in/news/strategic-hr/layoffs-reach-pwc-as-big-four-firms-continue-audit-workforce-reset-50778


lol, Fisv stock is only $50 now

I joined FDC back in 2016 in Omaha and took a low ball salary because it was nowhere and I had to stay in there for family. FDC got my super prof service at a low price comparing to other locations in Atlanta, or NYC, etc. In 2020 during Pandemic I moved to another state in MW and was able to work remotely. However, right after Covid, Mr Frank ordered RTO and I said goodbye to this company and quickly landed another remote work with a 40% pay increase offer - I didn't even bargain. I guess many people leaving FISV were in the same situation. I didn't specifically shop for other jobs as my family didn't need that much of my salary - I was just keeping myself busy. but thanks Mr Frank you made me make the right move. Now I landed another hybrid job in yet another state and got another 20% raise. lol. Fisv may never figure out why their stock su-ks so much. BTW, I sold all my employee stock at around $100 when I parted.