Upcoming 401(k) Changes

vantexan

Well-Known Member
They weren't promised anything. The company made it clear that progression advancements were subject to the company's ability to implement them.
With the volume the company has been doing this year if they don't have the ability to stick to the step progression plan then they never did and the whole plan was just a ruse to slow the turnover rate to an acceptable level. Any statement about the company's ability to implement them was a CYA for when they went back to churning out as much profit as possible at the employees' expense.
 

MAKAVELI

Well-Known Member
With the volume the company has been doing this year if they don't have the ability to stick to the step progression plan then they never did and the whole plan was just a ruse to slow the turnover rate to an acceptable level. Any statement about the company's ability to implement them was a CYA for when they went back to churning out as much profit as possible at the employees' expense.
They have always had the ability. That was never in question.
 

falcon back

Well-Known Member
With the volume the company has been doing this year if they don't have the ability to stick to the step progression plan then they never did and the whole plan was just a ruse to slow the turnover rate to an acceptable level. Any statement about the company's ability to implement them was a CYA for when they went back to churning out as much profit as possible at the employees' expense.
Why does it bother you so much. You no longer work there?
 

It will be fine

Well-Known Member
With the volume the company has been doing this year if they don't have the ability to stick to the step progression plan then they never did and the whole plan was just a ruse to slow the turnover rate to an acceptable level. Any statement about the company's ability to implement them was a CYA for when they went back to churning out as much profit as possible at the employees' expense.
Are you saying the company is trying to turn a profit?!!! 🤯
 

59 Dano

I just want to make friends!
With the volume the company has been doing this year if they don't have the ability to stick to the step progression plan then they never did and the whole plan was just a ruse to slow the turnover rate to an acceptable level. Any statement about the company's ability to implement them was a CYA for when they went back to churning out as much profit as possible at the employees' expense.
The equivalent of you taking out a big mortgage because you made good money one year trading coffee or beans or whatever it was before you went broke trading coffee or beans or whatever it was.
 

59 Dano

I just want to make friends!
Ha ha, I'm saying profit is the only thing they care about, and as much as possible to beef up the stock price so that they become wealthier.
I can't understand why they don't jump to spend their short-term windfalls as soon as they get them. Just seems like good business sense, amirite?
 

vantexan

Well-Known Member
I can't understand why they don't jump to spend their short-term windfalls as soon as they get them. Just seems like good business sense, amirite?
Will be interesting to see how much profit they turn this year. THEY were the ones who came up with the new pay plan. Stick to their word, or their word is meaningless.
 

59 Dano

I just want to make friends!
Will be interesting to see how much profit they turn this year. THEY were the ones who came up with the new pay plan. Stick to their word, or their word is meaningless.
It'd be industrial strength stupid to be that loose with money in this situation.
 

vantexan

Well-Known Member
It'd be industrial strength stupid to be that loose with money in this situation.
So honoring payplans that the company came up with is being "loose" with money? They are extraordinarily busy. If they can't pay what they promised now when can they? If they never really could then the pay plan was a farce designed to greatly reduce turnover and nothing more.
 

59 Dano

I just want to make friends!
So honoring payplans that the company came up with is being "loose" with money? They are extraordinarily busy. If they can't pay what they promised now when can they? If they never really could then the pay plan was a farce designed to greatly reduce turnover and nothing more.
They are honoring the plan. Don't know why you refuse to admit that.
 
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