Comments on: Why taking advantage of your new hires is a really, really bad idea.

By: Todd _ IT Guru

Todd _ IT Guru — Thu, 04 Feb 2010 06:53:57 +0000

IT pros are NOT trained by the company, we are all educated by oursleves, because No company will pay for our training.

By: Todd _ IT Guru

Todd _ IT Guru — Thu, 04 Feb 2010 04:51:31 +0000

I agree in part mostly to what you said, but that does not hold true in my industry. We are a number of years removed from the Dot.Com burst. What I can tell you is this, in the IT world of consulting, working for a consulting firm is paramount to being a prostitute. You see we work for a firm who locates a client in need of it services, They charge that client between $150 – $200/hr for their services. My former firm paid $200/Hr for outside help. We the thing is that nobody in the management of the consulting firm has a clue how to do the work. Yet they pay the engineers $25/hr -$31/hr, with no benefits. Back in the 90’s we used to get benefits, so our poor employers our now paying $11.77/hr. That was a number quoted to me in an interview Tuesday. So in essence the company stands to make $391,518.40 profit/year ($188/hr) off of my service, while paying me $24,500, this is not only an insult but should be criminal. They cannot afford in this struggling economy to pay us, the $30/hr ($62K) because they would only make $353,600/yr or $170/hr. Boo Hoo, I do not feel in the least bit sorry for them, I will go into business for myself, before I work for that rate. I would even follow them from client to client offering my service for $100/hr a 50% saving for them and a 70% increase for me. These guys need to wise up at $200/hr they only need to work the person making $60K/yr 7.5 weeks to pay off thier salary or 44.5 weeks of profit. The word I am looking for is Greed….. These firms are not dropping their bill rates, but are not paying their people any more either. I know I was an IT manager paying the bills.

By: Overqualified and Underpaid | U Got Hosed

Overqualified and Underpaid | U Got Hosed — Tue, 01 Dec 2009 20:15:19 +0000

[...] stuff, I couldn’t have said it better. Check out their blog for the full article. Share and [...]

By: Kelby

Kelby — Sat, 29 Aug 2009 16:42:00 +0000

Your commentary about the article is on point. This short term thinking by a handful of corporate execs is not going to help their companies in the long run. People are lowering expectations and taking lesser jobs out of desperation. I decided that I would not be one of those individuals by standing my ground and demanding that I am paid for what I am worth. It is not fair that the cost of living is increasing, yet my paychecks are getting smaller. The doing more with less philosophy is not going to help me dig out of the financial hole that was created when I was laid off.

By: DerekIrvineGloboforce

DerekIrvineGloboforce — Tue, 18 Aug 2009 08:19:44 +0000

Keep Your Greatest Competitive Advantage * Your People…

In the many blogs I follow, especially the HR-focused ones, there is a recurring debate over referring…

By: Bret Simmons

Bret Simmons — Wed, 12 Aug 2009 13:26:56 +0000

Excellent post! It has always been a bad idea. You correctly point out how this is a bottom line issue due to the cost of turnover, but it is also a top line issue. You are living in a dream world if you think your disgusted employees are going to go out there and delight your customers. Watch your top line continue to evaporate, scurry to cut more costs, even more poor revenue results… you get the picture.

By: SmartBlog on Workforce » Blog Archive » Saving money and morale

SmartBlog on Workforce » Blog Archive » Saving money and morale — Wed, 12 Aug 2009 13:14:16 +0000

[...] economy has a lot of employers cutting back out of necessity. But how much is too much? Stephanie A. Lloyd worries that some employers are taking advantage of their workers in ways that will come back to haunt them [...]

By: Mel

Mel — Sat, 08 Aug 2009 16:37:18 +0000

Ray:

At least you have it right and are not making statements based on emotion but based on facts.

The question that many organization keep asking themselfs is yes I have this person who is overqualified and I will be paying less then he is now making. If I hire him will he leave as soon as another job becomes available. So many companies are not hiring the best person they can they are hiring what I would say is the best person for the job.

By: Baudville and The Art of Back Patting — The Red Recruiter

Baudville and The Art of Back Patting — The Red Recruiter — Fri, 07 Aug 2009 14:06:53 +0000

[...] Stephanie Lloyd wrote a great piece the other day on how our current economy is breeding a very dangerous situation for companies. The delusion that paying less and getting more will last for any substantial amount of time is deconstructed with a powerful argument by Stephanie. [...]

By: Red Seven

Red Seven — Thu, 06 Aug 2009 00:32:01 +0000

When I was still trying to eke out a living as an actor, I worked often as a waiter. Cliche, I know, but there’s two reasons why so many aspiring performers make extra cash as waiters and waitresses: a) a charming, winsome personality can make a lot in tips, and b) the base pay sucks — criminally so, to the point where quitting without any notice because you just got cast in a show doesn’t make you feel guilty AT ALL. Not even a little itty bitty bit.

Which is to say, Stephanie’s totally got a point – especially considering that skilled talent is much more expensive to replace than your typical waiter.