Re: Loyalty cuts

Subject: Re: Loyalty cuts
From: "Jo Francis Byrd" <jbyrd -at- byrdwrites -dot- com>
To: "TECHWR-L" <techwr-l -at- lists -dot- raycomm -dot- com>
Date: Fri, 13 Jun 2003 13:41:47 -0500


Goes hand in hand with an article I saw in Wednesday's Wall Street Journal.
Seems a lot of retail stores - the big chain ones - unable to outsource
their sales force overseas where people work cheaper (kinda hard to have
sales people on the other side of the world when the product and the
customer are both right here) have resorted to laying off the senior
employees - you know, the ones who get the higher salaries and larger
commissions - and replacing them with low paid newcomers.

It's an ugly mindset and too many in upper management seem to possess it.

Jo Byrd

Scott noted:

MBNA cut the rates of all contractors by 10% this year, simply because
they only made a 19% profit.

Please note that everyone else got their bonus.

Greed, not loyalty.

Considering that about half of their operation is maintained by
contractors, they are dancing over dangerous ground. The day that the market
turns around, you can bet that a lot of Cobal programmers are going to be
asking for more than 10% increases in their compensation.



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References:
Re: Loyalty cuts: From: eric . dunn
Re: Loyalty cuts: From: quills

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