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Or rather how not to:
"you have been identified as one of these employees," and says that from mid-October through the end of March, "you will dedicate up to one day per week," or up to 23 working days total, "to focus on learning and development."But IBM is coupling this training with a six month salary reduction. The key statement in the memo is this: "While you spend part of your workweek on learning and development activities, you will receive 90% of your current base salary."
http://www.computerworld.com/article/2683239/ibm-cuts-pay-by-10-for-workers-picked-for-training.html
S'pose the option was 'you are shit and we don't want you darkening our doorstep ever again, shoo!'
Sounds like they want to reduce headcount without spending the money on redundancy payments.
Looks fine to me. Plenty of hangers on in IBM.
Amazing it's legal to do that in the US. Mind you, they have bugger all employment rights....
I'd love to see management at my work employing that, and no, I'm not a manager. It seems almost impossible to manage those who feel entitled now. Upwards 40k a year, potential to earn way more, 34.5 hr week, and loads of them feel hard done to.
Oooh, IBM in race to be nastier than HP shocker! I'm hugely surprised. Oh hang on, no I'm not.
Mrs_FIAT is waiting for her redundancy pay from the Identical Blue Men. Redundancy was far more attractive than any of the roles they offered her.
It's funny to see that - the perceived wisdom being that the risk of them leaving after you train them to be better is preferable to not training them and they stay!
Cheap and nasty little thing to do for such a large corporation. They must gush money around.
My boss is waiting to find out what will happen to him on 1st October as he was unsuccessful in applying for his own job. Which is running the best performing team in the country.
More worryingly, he has found out about his lack of success at this, and the subsequent failure to get a post with a different team, by impersonal email, exactly 24 hours after the whole organization has been given a list of the successful candidates, which didn't have his name on.
So much for the cushy public sector....
shitty way to force folk out the door
they make circa 3 billion profit per quarter as well
I think employees are obliged in their contracts to train themselves for a certain amount per year, and it could be that some employees have not fulfilled their obligations.
Sounds like they want to reduce headcount without spending the money on redundancy payments.
Surely though, a lot of them will stay anyway, because that's where they're comfortable, but just put way less enthusiasm into the job they're doing. I can't really see how IBM wins.
I can't really see how IBM wins
10% reduction in salary payments? Don't forget that big blue GTS had a reputation before this for giving sweet fa for their employees well-being and an even worse reputation for making proper foot-in-mouth stupid decisions. Making unhappy staff less happy is probably of little concern.
[quote=molgrips said]I think employees are obliged in their contracts to train themselves for a certain amount per year, and it could be that some employees have not fulfilled their obligations.
not according to the link
Sounds right, best thing I did was take redundancy from I'm Badly Motivated a few years ago.
My first "on boarding" meeting was a conversation with a long termer who's advice was stick it as long as you can and build up service then take a payout.
10% reduction in salary payments?
Followed by 10% reduction in productivity and subsequent profits, presumably.
Interesting. I wonder how long it will be before this reaches the UK.
I've been with "I Believe in Miraces" for four years now. Excellent feedback from clients, extremely high "utilisation" (could only be higher if I didn't take my holidays) and not a single payrise in 4 years. Not a penny.
I'm not particularly feeling their love at the moment.
You think their manglement and bean counters have the foresight to take that into consideration?