they know that skills are portable and employees have no loyalty.
In fairness, this is also down to companies having no loyalty to their employees. I would be more than happy to never have to go job hunting again, if career jobs, with appropriate incentives, were still a thing that actually exists. I am substantially less enthusiastic about the prospect of spending my entire working life dedicated to a single company that will not give me annual raises that beat inflation or any sort of pension as a reward for my loyalty, while my working conditions and benefits will likely deteriorate over time at the whims of a rotating group of petty tyrants in management, and the prospect of getting laid off because some dipshit in the C-suite implemented a terrible idea that anyone with the least amount of experience doing the actual work could have told them was doomed from the start and saved everyone suffering the consequences of their dumbass vanity project to pad their resume for when they pull the cord on their golden parachute and jump ship to sink another business.
I suspect a lot of people would be quite content at having the stability of such a position, if only the trade-offs weren’t so terrible for them in pretty much every other way. The vague possibility of a farewell party at the end of 40+ years of work doesn’t cut it.
Yep you’re right about all that. It’s a tough situation because it not only requires both employers and employees to behave correctly, it also requires all companies to be doing so at once. If one company makes big investments in skills and gives steady raises annually, but another company offers a little more salary right now, guess where employees are going to go. It may not even be in their long term interests to do so but we sometimes think short term too.
It’s going to be tough for any company to offer all the long term stability things and the short term higher salary. TBH this is what you get at the top tech companies right now and everyone hates them for being exploitative monopolies. But that’s also how they stand head and shoulders above others in order to be able to do this stuff. 🤷♂️
BTW when I say they offer long term stability I guess there are no guarantees with that, but they do offer equity vesting that makes staying with them long term much more rewarding. Right now I’m totally locked into the golden handcuffs and even through my short term prospects at work suck really badly and I hate my day to day, I’d basically be cutting my income by half if I left to get a job on the open market. That ain’t a long term employment contract or pension but it is compelling.
In fairness, this is also down to companies having no loyalty to their employees. I would be more than happy to never have to go job hunting again, if career jobs, with appropriate incentives, were still a thing that actually exists. I am substantially less enthusiastic about the prospect of spending my entire working life dedicated to a single company that will not give me annual raises that beat inflation or any sort of pension as a reward for my loyalty, while my working conditions and benefits will likely deteriorate over time at the whims of a rotating group of petty tyrants in management, and the prospect of getting laid off because some dipshit in the C-suite implemented a terrible idea that anyone with the least amount of experience doing the actual work could have told them was doomed from the start and saved everyone suffering the consequences of their dumbass vanity project to pad their resume for when they pull the cord on their golden parachute and jump ship to sink another business.
I suspect a lot of people would be quite content at having the stability of such a position, if only the trade-offs weren’t so terrible for them in pretty much every other way. The vague possibility of a farewell party at the end of 40+ years of work doesn’t cut it.
Yep you’re right about all that. It’s a tough situation because it not only requires both employers and employees to behave correctly, it also requires all companies to be doing so at once. If one company makes big investments in skills and gives steady raises annually, but another company offers a little more salary right now, guess where employees are going to go. It may not even be in their long term interests to do so but we sometimes think short term too.
It’s going to be tough for any company to offer all the long term stability things and the short term higher salary. TBH this is what you get at the top tech companies right now and everyone hates them for being exploitative monopolies. But that’s also how they stand head and shoulders above others in order to be able to do this stuff. 🤷♂️
BTW when I say they offer long term stability I guess there are no guarantees with that, but they do offer equity vesting that makes staying with them long term much more rewarding. Right now I’m totally locked into the golden handcuffs and even through my short term prospects at work suck really badly and I hate my day to day, I’d basically be cutting my income by half if I left to get a job on the open market. That ain’t a long term employment contract or pension but it is compelling.