Companies Do Not Care About Staff Loyalty (Anymore) - How Money Works
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- เผยแพร่เมื่อ 1 ส.ค. 2021
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How many people do you know that have been with their current employer for more than 10 years? Well according to the US Bureau of Labor Statistics it’s actually 29% of people, which sounds suspiciously high until you consider that a vast majority of this group are made up of workers on the verge of retirement, which is important to remember for later.
Amongst all workers in the US the median was just over 4 years.
In fact multiple studies have suggested that full time workers that stick with their employers for more than two years on average get paid FIFTY PERCENT LESS.
This is an unbelievably large gap, ESPECIALLY when you consider that the average of the loyal working group will be drastically inflated by senior executives and the c suite who tend to have more tenure. In plain English, for regular Joes like you or me, this 50% figure is likely understated.
So why aren’t companies stopping this? Surely having to pay tens of thousands of dollars to advertise a position, interview candidates, onboard new staff, train them and wait for them to get up to speed with their new role is not sustainable if it has to be done over and over again every 2 years… right?...
Well you would think so, but there are a few reasons why companies don’t care about employee loyalty… anymore…
#Career #Jobs #HowMoneyWorks
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I love ur videos, here especially the last 2-3mins 😍
i have researched the gig economy in my masters thesis, ring me up if you like to talk about it or need some information on the gig economy research :). But the gist of Gig economy is: your totally shitty strict and severely punishing boss is now an algorithm that you cannot even interact with.
From my experience:
- Salary negotiation is much easier done with your next employer than with the current one
Haha good one
Absolutely. I never get raises except when I am hopping from job to job. Fuck my previous employers.
In my long career I have never gotten a significant raise unless I switched jobs - engineering.
.
After about 20 years working, I'll tell young people you should not have any loyalty to any organization, they will turn on you in a second when its convenient and fire/replace you. Also to ensure no slavery, young people dont get married and dont get a girl pregnant, make sure she takes the birth control pill daily in front of you and both wear protection. You will just condemn your new child to increasing poverty and freedomless slavery authoritarianism and these control/money/job trends worsen. Promote this idea in videos and social media to help prevent more young people into this new slavery.
Since most tech work is seasonal (3, 6, 9 12, 24 months), the only way to avoid resume gaps is to leave mid project, which can result in project being canceled & entire team fired & company fined millions. Real contracts are given to Performing Artist (sports players, media, music) with a guarantee of work for a time period, especially when asked to relocate. How do we negotiate real contracts to save the company from being ruined?
Companies want to hire a 25 year old with 35 years of experience and pay them like an 18 year old.
Yes. Duh 🙄
That's exactly my situation right now.
I'm 25. I have to work in China for my company (most of the time alone) and they always announce me as a big expert in my field of work. When I arrive the Chinese customers don't even take me seriously because of my young age.
Yet they send me from customer to customer without much explanation and hope it will work out.
And even though I work 60-80 hours a week I don't even get paid properly for all the stress.
It's ridiculous.
Yeah. So true. Also expect someone with masters in 2 subjects not even related and pay a pitance.
And people wonder why opioid addiction is such a thing anymore.
@@JackoBanon1 WOW, I feel for you, especially since you're in the Wuhan place. How terrible. You need to "jump ship" even if it involves a pay cut. I'm so sick of the "Performs other duties as assigned" in the job description. I was doing stuff two pay grades over me. But I liked getting paid so I kept my mouth shut. God bless.
What employers are starting to realize is many workers would rather be broke and living in poverty than working a dead-end, low paying job while being broke and living in poverty.
Counterpoint... they are also learning they would rather be broke and living in poverty without dedicating 8+ hrs to a company that only pays them enough to be broke and living in poverty.
I agree with you,
Yep. Which is why more and more people are choosing to pursue careers that actually fulfill them instead. And or building skills that make them more specialized. The era of dead end low frequency jobs is going to end when automation truly kicks into full swing. Which is very soon. If you can easily be replaced then odds are ...A machine might be taking your job in the future.
Well said well said agreed 100 percent
I think its a little more nuanced than that. People still don't want to be broke. However, what people are realizing is the scam of "the dignity of honest labor". Which is to say, they aren't accepting a job just for the sake of being able to tell themselves "I am employed therefore I am a decent person." If a job doesn't pay enough to make up for the hassle and indignity, they ditch it rather than staying out of some vague sense that they should. They want *actual* dignity, or failing that, cold hard cash and no annoying pretenses.
My mom has been office managing at a company for 30 years. Her thirty year anniversary with the company was this year. They gave her a a glass plaque without her name on it and a $50 gift card. It’s insulting to be frank.
she's colelcting retirement from them...that's enough. Stop being a baby
I Worked in the printing industry for 40-sum years. The last place I worked (can't run a press from home) I worked for 30 years.
We were told on many occasions we'd all be living under a bridge if it wasn't for our glorious leader. As a single Mom with a 3 year old , a mortgage and Mother that lived with me and was out of work, at the time I started. I was kinda pissed when I found out I was making $3.00 an hour less than the boy I replaced.
To make a long story short, when I left after working for this lovely guy For 30 years. (He called me a stupid blond cunt on more than one occasion) He said to me "so your retiring?"
that was it. Running a printing press is not an easy job. Learning that trade takes some time ,skill and Brains. When I first started I was proud to be a skilled crafts person, buy the time I left I felt like an asshole.
@@destrudo5645 Shut up
Yeah that’s horrid! Super insulting too…
lol was similar for dad, but he's been there for over 30 years. company was good before the founders/owners sold it to a big american company.
They don't care about loyalty, but still demand it...
You just have to play lip service to it. It's like going to church and pretending to believe.
demanding loyalty is a ridiculous notion
@@jocaingles8464 depends on how you define 'loyalty'. At the insurance company I work for they demand loyalty in the sense that I should be careful with sensitive information like that of clients, and not use certain info in unethical ways. I also had to sign a contract about that at the start of working there.
That's a completely reasonable type of loyalty to demand.
@@dekippiesip That's not loyalty, that is integrity.
it's just mincing words. Anyway loyalty is not about staying long. Most likely people stay because they know its hard to find other work that is easier and pays better.
If you want to show loyalty in a company, then do things for the overall betterment of the company like cost savings, get more clients, retain more clients, create new cash flow streams, etc. Most people stay in one company as corporate zombies and should have been fired long ago because they are not getting better and contributing more, or getting more responsibility.
Anyway most people confuse company loyalty with just following your boss. Boss or managers themselves can be corporate dregs and maybe the most loyal you could do is replace them and streamline the work better and improve the overall business.
I know people will complain because things like this is hard but that is company loyalty. The loyalty of companies can be seen as they paying you more that you would even pay yourself. If you think you are worth more then prove that by your actions like moving to a different job and ask for the salary you think you deserve. People always keep complaining about salary but they can totally control it... just not accept what you think is not right. Loyalty is a concept nonsense to these types of people.
Don't forget:
ENTRY LEVEL POSITION
-A Bachelor's degree is required
-At least 4 years of experience
-We literally want you to had cured cancer in your freshman year internship
-$15/hr
Yeah, it's so they can say. "We could not find a qualified candidate, we need our H1b pool expanded". Your example is a hypothetical simple one. You should look at software engineering job descriptions in tech. You need to have done everything and know everything and be able to every job they ask without training.
*per hour 12$
3$ per hour gang! xD of course, cost of living must be higher where you are..
IBM famously asking for 10 year experience using a technology that had only existed for 8 years.
so fucking true :DDD
I'm 55 and I've worked for 16 different employers - I'm not joking. The reason is quite simply that either: (1) you end up with a boss that really pisses you off or (2) it's a nice working environment but they never give you a pay rise. I ask myself what is the point of even pretending to be loyal to an employer any more.
I am the same case, 12 employers and I’m 45. By changing jobs I doubled my salary, I even worked as contractor in IT sector - didn’t bother with full time as it has little meaning these days (but can be useful for someone who wants to take a loan). Basically we have to specialize and master one or two skills and then we can change to jobs easily.
Universities however produce “generalists” who knows nothing and employers use that against employees.
So after all, this strategy works in our favor, we simply trade instability for higher salary.
There is many companies dont hire anymore if you seem to be inloyal
@@korsol
Would stay in a company if the company doesn't pay for overtime work and the salary rise is equivalent to a few cigarette packs a year?
Would you stay in a company which requires you to be on standby for the weekend (including night) without extra pay, as is common in the IT sector?
What if a company went bankrupt?
Not loyal is someone who doesn't come to the office as agreed, doesn't "close" given tasks in time, causes damage to a company or simply share their know-how with third parties. The problem is when you are loyal and the company shows your finger and at the same time presents new highs of earnings each quarter.
I’m the same age. Had one job for 15 years, then it ran its course.
Life is short, so no point in working for a company very long to be short changed & pigeon holed.
@Renee Johnson
In one of company I worked for, they openly blasphemed God even though the company had policies in place, yet mocking God was fine even though the company business was strictly e-commerce.
They communicated in this way:
How many God Sons is included in God Father and how many burnt God Sons are there. If God Father is corrupted they we need to reconstruct if from God Sons.
Wtf do it mean anyway ? The company is Phillip Morris - tobacco giant. Of course, I was fired when I didn’t agree to work using these terms. I suggested to change God Father and God Son to Allah and Muhammad or to Gay and Lesbian but not accepted.
Sadly, it took me working for two different companies to learn this. At both companies I went for a pay increase. When asked why they should pay me more, I went through a list of everything that I had volunteered to do in other departments, extra hours worked when everyone else left and didn't care, filling in for people who quit, etc. I was told "you weren't contracted for any of that."
I was asked to do it all though and did it thinking I would be a valued employee. I was wrong. The people who taught me to be that way came from a long gone era where the type of employee I was actually meant something.
You are just another tool in the toolbox.. Accept it or leave the "box". ;)
>I went through a list of everything that I had volunteered to do in other departments
That's one place you went wrong. You told your boss that you didn't help his numbers, you helped one of the other boss's numbers.
@@lalala-lt8fe so what would be the reason?
It works both ways. You would eventually get raises at my job, however, I’m tired of everyone acting like they deserve a raise because they did work. Your manager also takes on new projects and stretch projects and doesn’t get raises it’s literally how the world works, you don’t do the same things forever
Yep, when I was 23, I, too, went through a similar situation. I was an "expert" in my position and even when new Engineers came on board to the company (just because they had a bachelor degree), I was having to train Engineers on how to do their jobs. So when review time came, I asked for a significant pay raise to the level of Associate Engineer, but since I didn't have degree, they denied me and only gave me $0.11/hr pay raise. I was doing Engineering work at half the salary of even an Associate Engineer. So from that point on, I knew, the only way I was going to get ahead, was to just jump ship and company bounce every 2 to 4 years. And when I left that company, I intentionally came in on a Monday, LATE, (knowing I would be called into the office for a scolding... LOL) and I ended up telling my boss, at the time, that, that day was my last day! No 2 week notice, nothing! I was actually ready to just walk right out and not even work that day. BUT ONLY because one of the engineers that worked there, was a good friend to me, I stuck around for that day only, to train him on what I did in that department. Even he had a hard time catching up and learning everything I did.
But what felt the greatest is that the company I left for, literally doubled my pay from what the company I left from, was paying me! AND it was EVEN MORE than what my engineer friend was making, as well!! LOL It was bitter sweet vengeance!! LOL
I went from $11/hr to $22/hr and my engineer friend was only making $20/hr and mind you, I didn't have a degree AND my engineer friend had to have a bachelor degree just to qualify for the position he got making only $20/hr!
Hate to say it, but when I told him how much I was making, he was flabbergasted! He couldn't believe he wasted 4 years of his life and racked up such a high student loan debt, just so he could get that engineer job and here I was making more than him without going through what he had to go through! LOL PLUS, at that time, I went back to the company 1 year later, IN A 95 BMW (that's how long ago this was... lol) just to go to lunch with my engineer friend and a few other guys (who were part of that "boys club click") and I picked everyone up in my new BMW and they were shocked to see how far I came and what kind of car I had, in such a short period of time! I LOVED EVERYONE MOMENT OF IT! LOL Rubbing their snobbish noses in it! LOL
And mind you, even with them being in manager positions and engineers, NONE of them had a luxury car, themselves! LOL
"Employers are going to screw you... So screw them back!"
Sounds consensual to me
Screw them before they screw you!
@@user-qf7hs6ss9v well see..
Dude, the whole transaction is us trying to screw one another to get the most for the least cost. Dilbert deals with our side being the aggressors just as much as conventional media tells you your boss is horrible and trying to get out of paying you as much as they can get away with. You're SUPPOSED to screw them as much as they're trying to screw you.
The problem is people basing their entire identities on their jobs. Coworkers are not your friends, and management sees you as a replaceable commodity. Don't try to go above and beyond, and always be prepared to move on.
@@user-qf7hs6ss9v thanks government bailouts
Employer: Don't like it? Leave
Employee: I'm leaving
Employer: Unbelievable! Why?
Employee: I don't like it
Employer: This is a great job
Ah, the Tsundere Employer. Almost as good as the Tsundere Employee:
- You didn't fire me. I QUIT!
At an exit interview I was asked why I leaving the division. What I listed the negative reasons why I was happy to be leaving, the HR reps response was "just be happy you have a job."
@@fishgutz4272 That is always what they say.
This doesn't work in the military they will say I got you for 4 more years... Regardless of how badly I treat you....
@@lfestevao you didn't quit i quit
I recently left my job, my boss said he would give me a 20k raise which still would be less then my new position. I told him no. He said that’s what you asked for when you came for a raise 2 months ago I said true, and now that I’m leaving you decide to give me what I asked for ? Doesn’t work that way.
If you make me go through the trouble of searching for another job and landing one, it's far too late to give me what I asked for.
Price went up! Good for you
Makes no sense why raises from your current company suck. They incentivize you to leave
👏👏👏👏
They expect you to sell your soul to them, but will throw you away on a whim at any moment's notice. They will fire you on the spot, but will get mad or offended when you tell him that you're putting in your two weeks... The hypocrisy is palpably disgusting.
They expect you to sell your soul to them and them only, for 62 cents,
@@matth2471Or after that “Never mind, your mask as a person finally dropped”
"Why are you leaving?"
"Because you don't pay me enough to cover my part of the rent on a two bedroom apartment that I'm sharing with six other people."
..um sorry to ask a silly question: is stating lifestyle proper on salary negotiation? I’m currently really bad at salary negotiation
@@ns3242 No. It’s a joke.
@@ns3242 no. When negotiating salary you have to keep the focus on what you bring to the table in order to stay professional. Always keep in mind one thing: people always have their own interests at mind. No one does anything for no reason. Doesn't have to be money or status, otherwise people who volunteer at soup kitchens and donate to charity wouldn't exist, but you get the point. What you have to figure out is what the interests are of the other person. So when negotiating salary, make sure you try your best to sell yourself as much as possible. No one is going to pay you more because you live in a shitty situation; you have to make it worth their while. Likewise, if you live in nicer accomodations you don't want to bring that up either. You want to keep the focus on solely what you can offer, and also do your homework on the job to see if you can use anything else to your advantage (like if the position has been open for a long period, or it has a high turnover rate) and if you're successful at pitching it you can turn the tables and use that as leverage. Obviously it's going to be hard when you're just starting out but hopefully you can make it far enough it'll be easier. Best of luck to any interviews you get in the future!
@@ns3242 I could be totally wrong but I like to think it was slightly more relevant when it was just males expecting to get a job and the labor pool was half of what it was. At least you could try to guilt people with things like trying to provide for a family and the spouse wasn't expected to take up some of the slack.
Work for Xi Xinping.
I asked my employer for a raise and I mentioned the gas cost. He refused by saying that he wants me to work more and I said ok np. Same day I already started looking for a new job but one week later the company offered me one of their vehicles to take home which means I won't pay for gas. I think the company made the right decision
The fastest land vehicle on earth isn't bloodhound SSC, it's a company car that the employee doesn't have to pay for the maintenance of
Last week I set a new world record by missing two consecutive days of work. The company is highly satisfied I might even get promoted
Employee: "I want a raise"
Employer: "No raise".....thinking out loud....we probably can issue a car with filled gas to the employee as daily driver, and it will be considered as business expense and therefore business tax deductible.
Employee: "Got a car for work."
I'd still get a job offer from another company and bend your employer over a barrel.
@@danny1103 Raises have additional costs. Taxes, social security, etc.
This is true in the finance industry, and I’ve been experiencing this for the past 8 years.
I started working for a bank fresh out of graduate school for an okay salary. Raises and promotions during the first three years represented about a 5% salary increase. I moved internally, and saw a jump of 15%… followed by 5% the next 4 years.
I decided to look externally for opportunities because I had an MBA, 7 years of experience, and three certifications in my field…
I switched companies and got a 31% salary increase… On my way out the first one tried to get me to stay by matching the offer… but, if they could have done it all along - why didn’t they???
I took the new role… and plan on staying for 3 years and then moving again. I’m convinced this is the only way to get a salary that is at market value.
👍best of luck, you have a bright future my friend ‼️
Good luck man. I wish you the best. Keep doing what's best for you and your family.
I’m fresh to the industry. I’m taking notes
By having experience at multiple companies and not being too stagnant? Sounds like something to try.
This is 100% true based on my own experience.
To be fair, it's also a lot harder to find a company that's worth being loyal to.
As long as companies are driven by profit instead of sustainability, as an employee, be only loyal to one thing: money.
I have worked for two that I would've been loyal to for years. If only they could afford to pay more and weren't in small towns.
Exactly.
@@nickelglasses700 It's not even just that. Some companies have entire staffing teams fueled by ego under the pretence of "entrepreneurship" and "competence", when the opposite is more true. They fire anyone who doesn't wipe their ass and sniff their arse crack and take the fall for the leader's mistakes. Many "top" influencers in self-help have full of teams like this! Most "influencers" have no idea how to run a team that isn't corrupt to its core. They use "honesty", "trust" etc as a company value, when as Simon Sinek once said. If you have to use those words as your company values, then you got bigger concerns to think about. I.e. If you have to emphasise that shit on your company wall, then you've already got a big pile of that shit already within your team and you just don't know it yet.
Loyalty is only for family, military and good friends. Nobody else. Americans seem to misunderstand workplace relationships.
Side note: if anyone comes around your office wanting to create a "skills matrix" or wanting to "document risks" it means ya'll about to lose your jobs. I speak from experience 😅
haha well I will make sure to keep an eye out for those buzz words, thanks for the heads up.
Begone, SWOT!
@@HowMoneyWorks it's cool, we got made redundant and although the money wasnt great it paid for me to travel all over europe, best time of my life. They did me a favour :)
@A Z I'm not sure how that relates to what I said.
@A Z makes a lot more sense now you edited your post. My role was DevOps engineer.
Previously you said
"In my line of work WE tell people if and when we have time to do the job. Don't like it? Wait till 2022 to complete your project then."
This caused confusion because this has no relevance to my situation because a director ordered someone to go round gathering data, we weren't particularly involved in when and how that happened.
The bigger a company gets, the less "human" its management becomes. We live in an age of massive corporations that are "too big to fail." It's a lot easier to treat someone like a cog in the system when you're sitting in an office hundreds of miles away from them.
The government need to stop saving them. Let them fail. Bring new ones.
@@yanzulyfx9887 true
@@yanzulyfx9887 Good luck with that
And a lack a human interaction in a large online company fulfillment warehouse were it was a fast paced environment and human interaction was frowned upon
Exactly.
I interviewed for a company that tried to offer me minimum wage despite having 3 years of work experience as a software engineer. Found out that their company has a bad reputation for exploiting student/new graduate labor by finding desperate people with minimal experience and locking them into underpaid contracts where they're obligated to stay with the company for X years and promising students that the training experience was valuable for their careers. Ive been telling all my school friends to stay away from those bastards ever since.
just curious, but what is the company name?
Fdm-Group
Wow. I don't know how anyone could still be paying minimum wage. You must mean the state minimum? Because the Federal minimum is pretty dead especially now.
@@Dudanation12 I'm canadian, the provincial minimum wage was $14.00 cdn/hr. For reference a studio appartment in Toronto is more than $1.6k/month and an entry level software engineer is $80k annual.
Pretty sure any contract that says “you must work for us” is unenforceable and/or illegal.
Um excuse me, if you work 30 years you might get a cake and a watch.
Haha. They have a closet full of those and write it off as "necessary office supplies" no doubt. 😂
Due to uncertain market conditions our company has decided to cut down on expenses, so no watch, only cake, one slice only. You have to sign a paper acknowledging you have received a slice of cake.
Not before HR forces you to participate in the PR parade for their social media presence.
@@RelianceIndustriesLtd TRUEEE
@@RelianceIndustriesLtd THIS XDDD total feels from my former employer
I was born in the 80’s and was taught at an early age that loyalty was a thing of the past. The longest I have ever spent at a job was 4 years. I’ll take it one step further and teach my son that a two week notice is also a thing of the past.
Exactly! After all, when an employer wants to shit can you, how much notice do you get?
Two week notice is still valuable in some industries, you are less likey to burn a networking bridge that might come in handy in the future.
@@dre4759 burn a networking bridge..? Also which industries are you talking about??
@@dre4759 And leaving on good terms allows you to use those employers as a reference for future jobs. why the fuck anyone wants to give up on that is beyond me.
@@whyareyouexisting7285 It means if you quit a job at Walmart/McDonalds/etc. on good terms and with a 2 week notice, your former bosses will speak highly of you if you were to apply to another job and ask them to be a reference (which a lot companies require when you apply for a job).
(EDIT: I don’t think y’all seem to be understanding the two week notice. the reference from employers is the luxury outcome when leaving a company. But you better make sure you have a fallback option, cause if/when things hit the dirt You’ll bet your ass I’ll have as many options available for me with past employers as possible. That way I could get another job quickly, if there are layoffs at a company or if something else drastic happen.
I've walked off several jobs without giving any notice. It finally dawned on me to go into business for myself. It was a rough 2 years learning new skills since I didn't really have any. Best decision I ever made. I work all over the country now. Charge what I want. Work when I want. I'll never let an employer decided things for my life ever again.
Whats your job?
This is the way
The worst part of having a small business is recruiting employees. After you own your business for a few years and decide to grow it then you no longer view employees through an employee lens you start viewing then through an employer lens. You begin to understand a true cost of an employee. More often than not you end up working longer hours and performing more tasks than your employees. It’s a great idea to own your own business and obtain a thorough experience of finding qualified help to potentially appreciate why employers are so selective about whom they hire. As a naive business owner I thought that everyone who applies for work is a responsible individual boy was I in for a rude awakening. My very first employee did not reappear to work after one day training, no email, no phone call. I can’t count how many people do not show up for a scheduled interview. As an employee I understood that it’s my job to look for employers interest in exchange for my pay check. I wasn’t concerned with loyalty. I looked at my employment as a contractural obligation, similarly to how I currently view my customers. An employer is my customer as long as I’m employed in that company.
@@Ruisealunfortunately he died immediately after posting this comment, because i guess putting "i found a job where i'm happy and financially stable" is enough to put you on a hitlist, i can't tell you the amount of times i've seen people say they have very good jobs, then ghost everyone who asks what the job is and for advice on how they too can be happy
I worked for one organization for 31 years. I was 4 years from full retirement when they laid me off for no apparent reason. Very toxic environment but you're right...long term employees become a target, they are not at all appreciated!
That happened to my girlfriends dad. 21 years loyal they fired him because he so senior in the company that he was making too much hourly. That the only reason they cut him was because of that
@@The_Raven_and probably replaced him with someone getting paid less
I left my employer of 16 years just three months ago. Our CEO would walk the halls telling people just how replaceable they are. Then when people left he had the audacity to complain no one was loyal anymore. In one year, 3 principals left, one VP left, and three lead engineers left. As a project manager I left just to get away from the toxic environment. The firm is 107 years old and is under the "leadership" of the founder's grandson and a hand picked suite of yes men.
That company is going to go broke with the son in charge. He doesn’t know the good and bad decisions it would have taken to become a CEO had he actually worked his way up to that position. He’s just winging it at that point.
so in other words nepotism killed the company... heard that one before
@@mhm6 and thats why nepotism kills companies
@@guesswhat9359 that and a c-suite of yes men. Not a leader amongst them. Their everyday concern was self preservation, not wellbeing of the company.
And still this company gonna change name and sell the same things with the same quality make the same money and you can stay uneployed trying to survive cause life doesnt give you something that you can count on
After spending years being told i'd be replaced by machines, i went back to school to become an Electrotechnician. Basically, i repair/install/maintain the machines who were supposed to replace me now.
Best decision of my life even if it was partly motivated by spite.
Never underestimate the value of spite.
I became self-employed out of spite, and my goal is to take over my employer (give me 15 years).
@scv Ha! I'm in the English-teaching and publishing world. I've always loved being the underdog, being underestimated. Two of my clients are in I.T., btw, but they are in the Czech Republic...
Spite is one of the #1 drivers in this world. Its power creates some of the best careers, and the best stories.
Haha i do the same, machines will still need humans to work haha
That is why Hades doesn't replace the ferryman who rows people across the river Styx to the afterlife. Sure, he could have a motorboat but it still needs a repairman to operate it.
My very first job, I was assigned (fortunately) to a supervisor who took us out for after-hours drinks on our first day in the office. His advice back then still sticks with me 13 years later: you are replaceable, do not expect loyalty from a company, and always keep your lines open for opportunity. Worked fine for me to this day. But I do regret the first six years of me disregarding his advice.
Learnt this lesson very strongly during covid. My previous employer cut everyone's wages by 40% and as far as I know still haven't resumed pre covid wages. I found a new company that pays me 30% more for similar work. The most companies are ever likely to offer is when you start working for them.
Yep.
Especially with minimal wage.
Minimum wage jobs never increase their pay.
Staying loyal to companies is one of the dumbest things ever, they dont care about you, you are just a number and theyll get rid of you and replace you with the quickness
Yup. Fuck em. Always think about what’s best for your own situation just how they think.
StaticLocs, I agree. Yes, LARGE companies don't seem to care about their employees, per se. But if you are a Good employee, in my experience, they will encourage you to stay, and achieve higher positions.
@@michaelbest1827 completely false.
Very rare.. in 10 years only one person i considered as great boss who gave me a decent appraisal / raise..the remaining 4 or 5 were either butt licker or oldie politician!
Hahaha wow
I once had an amazing manager who got everyone's back and bought lunch every week for the staff. He was liked and respected by clients and staff... every quarter the performance was up and we were profitable. For his 25 year anniversary, the large multinational company we worked for gave him... a book stand, engraved with the company's name. 😂 what a joke
At Nike they give you $ bonus for working 25 years. In fact, they give employees $10,000 bonus if they still work there after 30 years.
@@hernantuquero5969 when you consider inflation and taxes... that's not much.... equity or a perpetual funds would be a greater gift.
He got a wage for 25 years. Isn't that enough. He obviously likes the company if he stayed that long. If he didn't then more fool him.
Books are important
A book stand? That's pretty sad.
Having spent 9 years with a single employer and been extremely loyal the entire time, I've learned an important lesson about employer philosophy... The employee must give everything and get nothing, and when they burn out just throw them away. At least slave owners have an investment to protect.
It's a hard lesson to learn but once you understand - you are better off. I used to always go above and beyond because I wanted to make a difference. What a mistake. Now I think like the Joker: 'If you are good at something, never do it for free.'
@Pavan Kumar Good advice, matey. Best of luck to you.
Kanin
@@cristiansofrone1127 I'm nearly 50 lol
I'm not certain what you mean.
@@cristiansofrone1127 I don't know what your response means, but it is probably one of the most educational comments I'll ever see... What country are you in?
When you invest you're buying a day you don't have to work
@@benkent6187 You're right, it's obvious a lot of people remain poor due to ignorance
I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings
Starting early is the best way to getting ahead of build wealth, investing remains the priority
Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company
Now is the best time to purchase and invest in Bitcoin stop procrastinating
Ironically, this actually is really hurting companies in the current labor shortage. Those jobs that did care about loyalty won big time by keeping their workers while those who thought their workers where replaceable learned otherwise the hard way
And yet it's those same workers that will now feel the crushing regret of a new depression.
BINGO!!!
@@jnewgot Any day now that will happen. In the meantime they will keep being young and happy though. Poor people are used to being poor. It won't be as big a shock to them as you think. Half the households have 1 person who works just to pay for child care. Now that person watches the kids instead. She is no worse off whether she has a job or not.
@@John-78 And day? They're living inside it. *lol*
"Half the households have 1 person who works "
Yeah, that's how it was during the last great depression, wait until the suicides kick in.
@@jnewgot You ended my quote a little early. And the suicides have already kicked in. You can pretend the poor have everything to lose but the reality is they have nothing to lose and the wealthy have everything to lose. The poor should go on strike for a week and remind the wealthy what happens if the peasants stop making them money.
Employer: This company is like family.
Also employer: Idc your mom passed away or you had were in a car accident, you can't have more than 1 leave.
If a prospective employer says “we’re a family here” in an interview RUN AWAY AS FAST AS YOU CAN
Forreal. I sprained my ankle and had to work 13hrs, meanwhile my regional manager left early to catch his dinner plans in time. What a joke.
What they meant is now THEY are your family, your biological family is secondary.
That's true : I got in trouble for having a car accident
Was in a car accident after work, got on the phone with my manager “ you know if you call out that’s a point?” Lol
My company is offering $200k signing bonuses for a two year commitment but current employees in my position haven’t gotten a raise in 5 years. This now makes perfect sense in the context of this video.
As an engineer now joining a B School, I can attest the fact that the only time I got a raise in my salary was when I switched jobs.
Companies seem so confused that employees don't give them loyalty for minimum wages. Sure, employees are replaceable. But so are employers...
Less and less so as the big companies continue buying the small ones or merging with similar big ones.
@@Loengrinn indeed capitalism is monopolistic
@@nicolasm400 I hope that wasn't sarcasm because every money clutching agent in a capitalistic system has an incentive to grow bigger and wipe out competition. They have no personal incentive to make the market fair, they have incentive to make it biased in their favor.
@@adsfadsfasdasdfasf2439 no sarcasm! yes you see the capitalist system for what it is
It's not loyalty, it's purpose. Employers have put the whammy on labor for decades by trying to tie work with purpose so that they can justify work as the sole reward for an employee. Earning the boss money is The Great Purpose of the worker, and should therefore be satisfaction enough. A worker wanting money in exchange is lazy because they want material reward instead of noble intangible fulfillment. It's a type of religious gaslighting but with economics as its foundation instead of metaphysics.
Needless to say, the employer doesn't exactly share this sentiment of work being its own reward, but that's the blind spot...and its there for a reason.
“Your boss is going to screw you, so screw them back.” That’s great advice.
An eye for an eye makes us all blind *_*
@@chrisschmid472 lol they got you 😅. But yes that's how it should be but in capitalism you or me are disposable.
@Alex B you spelled corporatism wrong.
@@chrisschmid472 We were all blind from the start.
Two things to remember:
1) Don't make work a virtue.
2) You are listed as an expense on the income statement.
Worst advice I ever got was to build company loyalty and expect to climb.
Doesn't work because the company will never go out of their way to open opportunities for you now, especially not in lower level positions. You can actually do your job so well and they will be LESS likely to promote. If they did, they would have to train you for a new job and replace you with another person to train. If you're in tight with someone higher up it can happen, but that's your friend helping you climb, NOT the company.
Worked at the same place for 7 years and was never offered a promotion, or even told about opportunities to increase. Whenever I took initiative, they told me what I just said, that I was too important doing the job I was already doing. Whether they're lying to you or telling the truth with a response like that is irrelevant. Make your own opportunity and leave when you get a better offer. Worked in 4 different places the last 6 years and each place builds my resume and increases my pay.
They have no incentive to move you up from a low level position, especially you've taken it on willingly or are good at it. In the former, they think that you're likely not smart enough to progress further, and in the latter, why open up a position when there's a risk that no one else will probably fulfill it to the same extent?
You are so right! I am a very hard worker and a loyal employee. I am 61 years old and have been working at the same place for 30 years and when a promotion came around, it went to a 23 year old guy who is very good friends with the director of human resources and he has only been working there for three years!
Here's the problem. We're treating excuses like reasons. A company can always come with a reason to screw you. And then, because they don't have to be consistent, you will walk away trying to derive a lesson from it. One manager says they went with in an internal candidate when you were looking for a job, another makes you feel foolish for thinking you could be promoted internally. The promise of advancement is dangled for overworking yourself, and then it is used as justification for refusing to do so. Team building and work culture are crucial, but never so much that they can't tear that to pieces on a moment's notice to placate the whims of executives or shareholders.
In reality: company hires somebody from outside who interviewed very well but turns out to have no relevant experience or work ethic. The employees who were passed over for an internal promotion become resentful and disengaged.
Especially if the lose becomes your boss!
Absolutely, where I last worked, they got a new plant manager from outside that had been fired from every position that he had held before. Naturally there was a lot of resentment about this. Myself, I was dismayed about how little he knew about lumber mills and over time became even more bitter as he showed absolutely no inclination to learn anything. I worked in electrical maintenance and one time he told me to go check the contacts inside of 480V crossline starters WHILE the mill was running. I told him, "No, I'm allergic to death", and he than went to every other electrician and told them to go check the contacts. The others naturally refused, some more profanely than others, the plant manager then went to the electrical supervisor to try and get the supervisor to force us into checking the contacts. Anyway, there was a reason the most polite nickname for the plant manager was Dum-dum.
Thats what happened to me. Passed over several times. So when I was asked to work overtime or got calls from work asking me to come in on my days and weekends off I simply did the unthinkable thing - said "no". My boss almost had a heart-attack, cause it was the first time I had refused to go the extra mile for the company. Treat me like crap, and you get crap in return.
Just had this happen at my job. We had an open position for a new Foreman spot and we had several people from within the company already that had been there for 8-10 years. They knew everything there was to know already and would barely need any training at all. Instead they hired some young guy who’s never worked in a leadership position before and didn’t even have any college background. So now we’ve got these guys that basically know there’s no going up from where they’re at now and don’t care anymore. That’s what these stupid companies are doing now and it’s just going to cause everyone to stop caring. I sometimes wonder wtf is actually going on in the heads of these high ups.
@@lonewanderer_n7 It's clear they quit caring too!
Don’t forget that the employer also expects you to have a perfectly-written resume, write a custom cover letter for their position, pass numerous interview phases that take close to an hour (or more) each, wait for weeks for an answer, and possibly even do free work to “prove” you can do the job even though you already have a fat portfolio to prove that, and then they turn you down anyway. Every single job can require 5-10 hours of work, sometimes more, when you probably won’t even get hired because they went with an internal candidate and could have just saved you all that time and effort by just hiring the internal candidate in the first place.
If they take that long, more than likely, they're trying to find someone else.
@@sircuffington no you dont get it. They are always looking for someone they think is a better deal. All of the companies do this.
Don't know what industry you're in, but if you're spending 5-10hours per job application, you're a tool. Interview process is 2-3 hours tops, resume and cover letter should basically be one of just a couple similar templates, depending on the job. Writing custom resumes/cover letters for each position is not necessary. Most positions I don't even submit a cover letter because nobody reads it anyway.
@@Tomn8er I am in a six-figure corporate career, so having something generic doesn't cut it. Unfortunately, practices like this are common in my line of work.
It's not perfect
I worked for a lumber mill around 20 years ago who called us in to brag one day about the fact they were outsourcing our jobs to New Zealand and how great it was that they were going to save so much money. We had to stand there for almost 2 hours and hear about it.
But of course they promised we'd get displaced millworkers compensation, unemployment, and offers to work at other plants. All of which they denied later.
They got so pissed at me because i'd found another job within days and quit without giving them a two week notice. I was a specialist within the plant and they fully expected me to stay the remaining 3 months until the plant closed, they even threatened to give me a bad reference if i didn't.
It was one of my first jobs and i quickly realized that all companied look at people the same way they look at toilet paper, when they're sitting there covered in crap you're worth more then gold but the second they get some use out of you they can't get rid of you quick enough.
Here in silicon valley it's commonly understood that if you want a raise or promotion you need to change jobs. In the late 1990s and early 2000s I would regularly get 20% ~ 25% increases in salary when changing jobs. The most I ever got when staying with the same company was 3%.
Unfortunately, values like loyalty and dedication mean nothing in today’s business world. It’s cheaper to hire a new employee, at a lower salary , and fire an existing employee being paid more. Corporate loyalty is now a myth.
It's cheaper on paper, so they teach that mentality in business schools. Someone should calculate the long term cost of constantly training new employees and having reduced productivity from newbies who don't know what they are doing yet. Not to mention "cost of poor quality" when the new person inevitably makes mistakes.
they actually pay new hires more, at least in programming world.
It's not a cultural shift but an economic one. Companies don't treat people as well anymore because unions in america today are basically dead.
That is so false where did you learn business from kindergarten book?
And even if it cuts profits thats a problem for next quarter.
Businesses also love to get rid of 20-year employees so they can hire someone else to do the same job for half the cost.
Verizon laid off 300 people 50 year olds that had been working for 20 years... They all got laid off..
Not usually half the cost really. I was a 17 year employee doing double or more the output of others and it would take 2 new hires at 2/3ds the cost each to replace me.
@@andrewhegstrom2187 I was on an assembly line....They could plug me into any spot on the line and I would do the work of two people.... They got rid of me because I was making them look bad.... Pride was worth far more than production....
@@willrobinson9767 I'm a nurse and was doing medical reviews, but nobody could touch my output due to my sheer amount of knowledge, even after my brain tumor. To make it worse I could do it in less than 8 hours too. I was honestly replaced because a new company acquired us and I was "old guard"
@@andrewhegstrom2187 Stupid reason of course...
How accurate. Although, as I've aged, I've been less willing to take garbage or work longer hours. I work so I can have a home life, I no longer work for the sake of work. I did work 22 years for a company before being laid off with 3 weeks of severance. That's the company being disloyal to me.
It reminds me when I was 10 my dad retired from working at Harrah's casino after 15 years and everyone made a surprise party for him. Co workers, relatives, superiors, everyone. I'd say he was lucky that he was so well loved in a job.
Surprise party means little and doesn't pay the bills.
@@goldrush4932 Right? Seriously I hate these fluffly good boy worker stories. We are there to work and get paid. I dont want to deal with any other bullshit or social peacocking.
There’s one point sorely missed. Ageing. As you age no matter how skilled you are you become less employable. You can jump from job to job until you get to a stage where employers won’t bother
My expertise was computer programming technical analysis, I passed up a number of job opportunities before and after I retired because I didn’t desperately need the money. I’d rather watch the bees pollinate the flowers in my garden.
I’ve been obfuscating my age since like 30. I’m looking to move into more of a managerial role once I do my time with this startup I’m working with because individual contributors in their 50’s are almost inevitably a terrible business deal for a corporation. Expect them to get in later, leave earlier, require more training to do the same stuff, and take more time off. And of course expect them to demand more compensation and complain more.
And then you start to work for yourself at twice the pay you made working for someone else. At this point you tell people what to pay you not the other way around. Even if you can only bill for 3/4 time of a full time job, you're still ahead significantly.
I would find it almost impossible to work for someone else now that I'm on my own.
@@hornetguy9063 It depends on work ethic. I'm 51 and have never been a permanent employee. I've always done contract work and never been out of a job. I'm in demand because of my skillsets, work ethic, knowledge base, and network of clients I've established over the years. It's also because I actually enjoy what I do.
@@hornetguy9063 That has never been my experience. Millennials are the absolute worst. Are you sure you aren't talking about them?
I remember when an old boss of mine came out of his office to say, "I get 100 resumés a day, all of you are replaceable" and then went back to hiding behind his door
Those kind of managers really get under my skin - They are worthless!
Imagine the look on his face, had everyone just walked out then, & there.
I would have replied (or at least thought) that if people are sending in resumes, did it ever occur to him that his people might be sending out resumes, and might all be gone when he least expects it.
I remember this company I worked for where there was constant overtime with no extra pay... People were getting sick and going absent all the time, it was insane... The company didn't care and with each training session they required even more work with no extra pay.
I gave 1 week notice for a job that I was loyal to for almost 2 years. My thanks was to get blacklisted just because I dared to leave the company. Never mind that I was forced to leave on Dr's orders because of repetitive strain disorders caused by the job. Now I dont hestitate in giving no notice. Working retail the managers treat you like shit and you are very easily replaced by high school students. My rant for the day.
@Glorious Ragnarok Current employer is like that and with a bonus of making bad business decisions. Coupled with the fact he refuses to reduce production despite sales being wwaayy down(working at a bakery) and I will be leaving for a much better job shortly.
After working for almost 12 years now there's 2 things I've learned. One is to work hard enough to get through the day and stay out of trouble but don't strive for anything more cause working to try and be the best of your peers will most likely go unnoticed or unappreciated. And the other is don't think just cause you've worked for one company for a good amount of years and gained a bit of experience means your invulnerable. You can still get replaced easily or fired at the drop of a hat if needed.
The first part is spot on. By all means, if you're working in something your passionate about, the sky's the limit. But if you're just there to make a living, it makes absolutely no sense to do more than the minimum required, because 99 times out of 100 your extra effort will go unnoticed and unrewarded anyway. Office Space had a great scene about this, saying it'll make someone work just hard enough not to get fired.
Exactly how I work. I’m actually typing this while clocked in, lol. Admittedly, it’s because my machine is down and maintenance is a nightmare here.
Work hard enough, but never Work for free. If you're putting extra hours then be paid.
@@forman208 Slack labor is the result of businesses standardizing labor to work hours. That incentivizes people to put the bare minimum of efforts possible just to not get fired. Do you know where else this was a problem? Soviet block, yup the corporate culture leads to the same inefficiency as in soviet communism. At least there were some moral rewards in USSR so some people did actually work hard.
It is proven in human history even if you work for a salary that goal based approach is much more efficient than making people just live through 8 hour work day. Studies in Japan have showed that people can do the work for a workday in 4 hours if they get to go home after those 4 hours (office jobs of course). In Germany overtime is basically non-existent and your managers don't get impressed if you stay late, quite the opposite, someone might ask you what's the problem and why can't you get your stuff done in the normal working hours
I can confirm that both insights are correct.
>companies abandon any loyalty to employees
>Employees start ghosting companies, quitting every six month for better positions and refusing to take shit jobs for any pay during the opening moves of a recession forcing employers to jack up pay and sign on bonuses
How could any of this happen to us? - employers
8 miles south of Boston: Retired work at Lowes part-time - Ever since marijuana was legalized no one can pass the drug test.
@@georgevue8175 they'll hopefully stop giving a damn about popping weed. It's an obsolete policy at this point.
@@ananimal9779 The 2nd Amendment is absolute.
@@georgevue8175 that has nothing to do with the topic?
@@ananimal9779 Yeah, I can't work out what the right to bear arms has to do with any of this, either.
Anyone have any idea which assets may be experiencing major growth this new year season? A lot of people have been talking about an upcoming bounce this year. I recently sold my Boca Grande, Florida house, and I want to invest a lump sum before equities recover in the stock market. Is now a good time to buy or not?
I don't believe there has ever been a better method to understand how to enhance your wealth than by working with a skilled portfolio advisor who can research and experience a wide range of markets. The value of the U.S. dollar clearly has an impact on investing in a variety of ways.
Because of these market uncertainties, I was left holding worthless positions in the market in 2020, thus I don't base my market analyses and decisions on rumours and hearsay. I had to completely restructure my portfolio with the help of an advisor before I saw any visible benefits; I've been working with the same advisor and have scaled up to 750k.
Indeed, we're just a few information away from accumulating wealth. I know a lot of people who made fortunes from the Dotcom crash and the 2008 crash, and I've been researching prospects in the current market. Might this coach who mentors you be of assistance?-
My mentor Zach Micah Demers is well known in the financial sector and has gone through substantial training in it. He is a recognised expert in the industry and is well-versed in the benefits of diversifying one's investment holdings. I suggest you research his credentials more. Because of his broad knowledge, he is a good resource for anyone trying to comprehend the financial market-
I looked up his name on Google and was impressed by his impressive resume; I consider myself lucky to have found this comment section.
From my experience, this has been going on since the 1980s. I personally experienced this several times. And sometimes, getting let go has nothing to do with finances, but personal issues.
I laughed through the whole video. After 37 years in the Corporate World working for S&P 50 Companies, this guy has it right on the money! You do a great job, get raises and before you know it, your salary is outside the parameters of your job and guess what.....you're re-engineered out of your job (thrown out the door). Happened to me 3 different times. I feel sorry for younger people today. Thank God I was able to make a lot of money in the market allowing me to bail out and never look back.
i also made over 35 years .....dont think the young guy or gal can do that now...culture has changed the "new / outside hire" is valued more then the employee on the job....the corporate ladder non existent with mergers and acquisitions.....the short term (quarter goal) means more then the 5 year plan.....the only advice I can give is work hard, continue to learn, save your $, learn how to invest, ALWAYS HAVE A PLAN B
Hey, Michel...
And my story is the flip-side of that coin.
I started working full time on Saturday 06/07/79, the night after high school graduation. I got fired on Friday 07/20/18 from what would be my last job. So that is 49 years 01 month 13 days of full time blue-collar labor.
And all along the way I was being lectured and chastized for my "bad attitude," told that I "owed" my employer "something," yes, "loyalty" is the word.
Define irony: 18 of those companies no longer exist.
So now I am indeed that "old guy" who enjoys talking to the younger generation of working men and women. I'll simply quote you then go away: "I feel sorry for younger people today."
Michel, stay safe and be well.
you are right on ...we were once told (before a huge downsizing) "if you want loyalty buy a dog" .....employees do not owe loyalty because there is none given
I hired on with AT&T in 1973..back then when people asked where I worked I was proud to say I work for MaBell.
@@briang.7206
Holy crap! You worked for MaBell! That is so cool. So you worked for that evil monolithic empire that had the monopoly of telephone service that simply had to be busted and broken apart in the name of "fairness" and because this nation was not about to allow "big business" to run and control everything? That MaBell? The one phone service that I never, no not once, ever cussed for being essentially worthless considering how damned much I've had to pay to, first, Verizon, for just a few years but now, yeah, I am indeed a loyal AT&T customer.
God, I miss MaBell.
Brian, stay safe and be well.
It’s a first time I hear DevOps mentioned in a video that is not specifically talking about DevOps
lol
The normies are using the sacred D word now we have make up another word for "app keeper upper"
@@bryan.conrad lol I'm using this from now on
It threw me off as well.
@@silaszebedee9331 around DC. Yuck no thanks
I had a supervisor said anyone could do my job, but no one that I worked with wanted to do it. I have been retired 6 years and 7 people had been in and out of that position because it was demanding. He was right anyone could do it but no one wanted to stay in it.
Where I used to work within 3 years we went through 4 safety officers. Clearly HR thought the position was replacable. It was also clear that it was a shit position and nobody wanted to stay there.
Im 50 and have worked for 20 employers in the last 25 years. Finally, im in a good position at a company that pays extremely well, and my boss is not a sociopath.
If they smell fear, you will be gone. Quit being scared. Ask for what you want. One hint of disrespect, one lie, you leave, right then and there.
I know this is a weird concept for employers but hear me out: how about companies learn to retain base level employees? Start from the bottom work towards the top. Show appreciation. Emphasize the appeal of working at your company, pay people more, don’t have “Events” or “Group Trips” line your employees wallets better, you’ve got the money, spend it on the people that keep your lights on.
there's no motivation to do this if it doesnt affect the company's bottom line
why should the company care if people have career progression within their organization?
@@ImJiom I almost think the rise of the internet and the push towards a group-consciousness from it has made society and people far more jaded, cynical and shitty... and _that_ certainly has a trickle effect...
Or you may fall for the Peter Principle, where people get promoted until they find themselves in a position they're not suited for
Did you not watch the video? He explained the whole internal promotion thing pretty well. Promoting internally helps your employee more than the employer. It's a headache that they can buy medicine for. Yes, companies rather pay more for someone new than feel like an employee is winning.
roblox groups are better at that
Everything this video said after "If this sounds depressing, it doesn't have to..." sounded even more depressing.
All you're saying is the ability to market yourself is more important than actual skills or work ethic. Which will (or already has) inevitably lead to a work force full of outgoing, overconfident people who don't necessarily have the level of skill they pretend to.
This is a world ruled by arrogant extroverts.
Screw all the humble, hard-working people I guess.
Had a coworker who lied on their res and got payed more than me. Quit less than a month later. I quit 2 months later. Whole place was fuckn trash. Just lie, ask for high pay and hope for the best.
extrovert vs introvert is bunk, just learn to be friendly and outgoing for even a single hour that you have the interview in
Interviews are lying contests between yourself and the employer. Honesty is punished much more often than rewarded. I learned what you typed in your comment the hard way
@@ChonnyD I hate the fact that your right.
Yeah, sadly nowadays is just all about the finesse
I think the problem is as well that we all know comanies hold no liyalty to their workers, but all companies expect psychophant levels of loyalty from their workers.
"It's a win win situation, but that just means the employer is winning twice, the employee can get F****d" Poetry my dude.
This is very true. I was in a company that I thought valued their employees loyalty. 13 years of service and then out of the blue outsourced the job. We didn't even get a farewell or thank you. HR just spoke to us that the company is letting us go. Sad reality.
laugh and offer them high consulting fees for when the outsourcing is subpar
I left a semiconductor company in 2019 to continue my study. And 2 years later, I heard from a friend, they outsourced all their IT employees. I was surprised, because semiconductor is a niche industry. When I started there, the first 3-6 months were wtf-months....cause I need to learn all the domain knowledge of semiconductor world. Not to mention, I was in B2B, where we need to send data asap to customer to get their order, especially from engineering to production. I don't know who gives that idea to management. You just can't quantify and replace the domain knowledge that exists in someone's brain. The management is just too blind to see that.
I have worked in the recruitment/ HR industry nationally and globally for the past 8 years. This video is very accurate.
HR departments and leaders will spout their narrative around talent that give you the impression they care. They don't.
The clue is in the word "resources". And the cheaper that resource the better.
Great video, full of truth. It's so depressing corporations are utterly cynical about their employees, especially when they make a big show of "caring" and having such an amazing culture!
Learned this lesson when I was 20. Didn’t know my worth and was led on to believe I was making the most possible and even though I was promoted to a lead was still making the same amount. I thought when the company could they would honor my loyalty and commitment. I was assigned a 40 year old new hire helper who I became friends with. After a few months he revealed he was making $3 dollars more an hr because even though he was new to the company he had better knowledge of what he should be paid and that they made him promise not to say anything to me. I was struggling just to get bye on poverty wages. I immediately put my two weeks in and told myself I’ll never put company loyalty above taking care of myself and my family again. There is no loyalty in business and that’s a two way street.
I just painfully learned this lesson in the past 2 years. But I’m happy I learned it in my early years of working experience. In 4 weeks I’m leaving the company I’ve been with for 4 1/2 years for a 67% salary increase 🙏🏻
Wow that's really cool. Congratulations 😀
67% pay increase? What are you leaving your position as fry cook at McDonald’s?
@@CamaroAmx Nope, Data Analyst
@@CamaroAmx my guy, why are you liking your own comments?
@@father5946 must of bumped it….
So basically the solution is, they're going to screw you so screw them back. What a wonderful world we live in today.
Thats what they want you to believe.. but ask yourself who is doing this
It has never been any different ever anywhere.
Dog eat dog.
He is mostly describing the US economy, this isn't that normal in most of the world. It's only because in America we focus everything on short term profits, to the exclusion of long term sustainability or durability against exogenous shocks.
It's called Advanced Capitalism.
This is sad and unfortunate, but true. Employer loyalty no longer exists, so why be loyal to a company. Every job I ever had was the best job I ever had.....UNTIL I FOUND A BETTER ONE
*Bigger* companies don't care about it
Was working for a small drugstore (about 12 people) and am working in a retailer for technical machinery (with 7 people) and I have to say: My bosses care a lot about their employees and are often very much against much of recent "company culture".
They don't have any problem with "quiet quitting", giving people raises or extended vacation and sick days.
That's how you get loyalty.
I would like the company I will work for to be like a family, meaning they it would take 9 months to replace me
LOL!
Son, we have some news:
- The bad news is that you were adopted
- The good news is that your new family is already at the door
@@lfestevao The worse news, my wife finally gets pregnant and you are shoved out the door.
Joke's on you, management, HR, and security clearances are all so dysfunctional that we are looking at 14 months for replacing people if we are lucky.
the company has multiple pregnancies going on at all times, the one nearest to term to replace you is 8 months pregnant already.
Getting sacked or leaving forced to leave a toxic workplace can sometimes be the best thing that ever happened to you.
Amen!
It is but now it’s hard to find a non toxic job field all job has them. So now it’s some what better to work from home for me less in person micro aggressions🤷♀️🤷♀️
It’s sometimes the best thing for the workplace as well. Normally people who complain most about toxicity are the most toxic ones. 😂
Never working in an office again. It's always the fake butt kissers that get ahead and that was never me.
This makes a lot of sense. Always been warned of "gatekeepers", people who hold onto knowledge that would be helpful to the organization so could feel more important. In many cases they became a Single Point of Failure because their absence meant operations were disrupted. I hate jumping from company to company hoping for a higher paycheque. Loyalty is something I pride myself on, but the value just isn't there anymore.
Be loyal to yourself.
I got that tip from a coworker. Knowledge sharing and documentation puts your job at risk
The ‘C’ level doesn’t want great people hanging around a learning the ropes or seeing opportunities to improve the company. As you move further down the ladder the fear becomes more and more palpable. It’s why I spent 95% of my career as a consultant. Higher pay, stayed away from the politics and drama. Moved on in an average of 18 months… It was heartbreaking to meet nice people, with ethics, morals and great skills stay in a place getting 2% raises as their skill set value was increasing 15%-20% every year. Some are trapped by circumstance, healthcare, family commitments etc. Companies feed off these workers.
Don't forget that this is essentially putting the burden of training/specializing on to the employee.
That's the reason Adobe softwares are so easy to pirate. Adobe knows that if a lot of students use their software for free, they will go on to use it at their workplace. And workplaces require mass licensing.
Shortly after paying off my home and paying off all my debt I decided it was time to landscape being that I own my home and everything I learned of yardwork was from my father I decided to put my knowledge to work. I invested 1500 dollars on standard yard equipment and got to work. I was trimming my old huge oak trees and kept getting stopped and asked if I had a business/ business card. I had twenty people ask me one Saturday afternoon which was amazing. I got tired of my job of 18 years and gave my boss my notice. Boss basically said bye. No why or nothing. Got my own business doing yard work now and going great
That is awesome man,good job
Good for you ✨✨✨ being self employed is better than being a capitalist slave anyday.
That’s the most insightful,raw, truthful and spiritual video that describes my whole mediocre existence
In Tech, it is very common to change companies every couple of years. Loyalty don't pay and it is hard to say no when the other company is willing to offer you double then what you are currently making now.
Never seems to stop companies from using "job hopping" as an excuse not to hire you.
Company do 'care' about loyalty. They always use it to guilt employees into obedience. Of course they will discard people at their own whim. It's just another tool.
Lol, it's an abusive relationship where they gaslight you into staying with them. It's all "We're a family." until you get fired without notice.
But _I'm_ supposed to give a two-week's notice if I plan to leave. 😐😑😐
Each time I've left a position after 2-3 years I've seen a jump in 20-40% of my salary. It just makes sense especially when career progression inside a company is never concrete and 2% increases YoY only adjust for inflation.
I come from the future, and let me tell you that 2% doesn't cover inflation anymore. 🙃
2% inflation? Man I miss 9 months ago 🤧
I asked for 30% pay raise, got 50%. But very specific circumstances that cannot be replicated.
@@AtomicNexus it never did. Even the best years had about 3 percent inflation because that's what the institutional economists wanted.
Thats exactly my experience. Ever pay increase is that same as inflation so you basically get paid the same forever.
Jobs like one way loyalty. They want you loyal but they won't be loyal to you. I'm 35 and been at my job 10 years only because I couldn't find more pay for the amount of work I'm asked to do. So guess I'll stick around. But I did go through a slump during the pandemic where I felt I was going nowhere. That's when I started my rental business because feeling trapped in a job only because of $$ really sucks
It's true that job hopping is how most people get their raises anymore, but it also has the added benefit of staying adaptable. You know how to get a new job, where to look, and you come away with new skills and software knowledge every time, constantly improving. Do the same job for 15 years and when they outsource your position, you don't even know where to look anymore!
I didn't forget globalization this time!
.
Globalization didn't forget you either ❤️
Automations and strict control standards.
HAHA. Did you remake the previous vids on the missing Globalization? I never checked back lol
Who writes these subtitles? There are subtle mistakes in them
Job hopping took me from minimum wage to over six figures in three years; combined with working in a tax-free country, I will hit full financial independence well before 40. Loyalty to a company is futile and never in your best interests. Instead, choose companies that pay you well (or offer you the opportunity to learn a specialist skill that will increase your employability), keep an eye on the market the whole time, and if you can get better value elsewhere --- leave, respectfully.
Loved the video, and sharing this message is what my channel is all about too!
May I ask in what field you are in? I might be prejudiced, but not all fields have such big differences from minimum wage to 6 figures, right? Although in general I fully agree that job hopping helps!
I too am curious about what fields and careers you're involved in
@@mathijs sure - I’m in law but I’m sharing my career trajectory wasn’t linear to one industry. I did retail, consulting and law.
Same here. Went from minimum wage to 90k job hoping within a 3-4 year span
Don Draper of "Mad men" said, "... (t)he money is how we say thank-you and good job."
At-will employment has made people realize just how replaceable these companies are. I even put my old employer on probation for a year after they failed to pay out bonuses they had promised. 8 months later they shorted my check $50 and I quit the same day. Told my boss I had informed them the company was on probation, and since they screwed up again they don’t get a third chance.
I learned this in the 80s in my first job out of college. Our company got taken over and they fired almost every senior engineer. These guys had invented things that were making the company billions, but for years after that had been allowed to putter around like tenured professors. They also figured they could replace them with cheaper less experienced people. I’m sure it came as a rude awakening to them, but it taught me that I shouldn’t and couldn’t expect loyalty from my employer, so I didn’t owe it to them either. I never worked my ass off throughout the rest of my career; maybe I didn’t get as much salary or bonuses I could have, but I also didn’t get as much stress!
What I learned after 12 years in software development:
1) the only thing that should matter to you with regards to your company is how much they give vs how much they take
2) Saving money is the surest way to economic freedom
3) Never do more than what you get paid for / required. You'll set an unfair bar for yourself and other colleagues.
4) If you can solve a problem in 20 minutes and the average team member would spend 4 hours on it, you just worked 4 hours. You're in this position because you acquired skills. Some doctors get paid 10k for operations that take literally minutes.
5) don't ask for a raise, apply for a different job.
6) There's no such thing as job security, but your skills and your ability to learn and adapt. You gain confidence by gaining knowledge (knowledge = power).
7) You are no more replaceable than your employer. Don't let the asymmetry fool you.
8) NEVER tolerate management rolling responsibility / blame for screw ups on you, even if it means threatening resignation.
9) Learn a unique technology that nobody knows, and implement a crucial feature / tool using it. If you get fired, you leave a fire behind you (which is a good thing).
Agree with all apart from 9. That can blow Up in your face especially if you are in a niche industry like me - very incestuous, anyone with experience will likely know anyone else! - so don't want to antagonise someone I may end up working with...or for...in future. Always leave with a smile even if you'd rather burn down the office.
@@ffyrestarr same here - employers are dicks but theres no need to be a dick also...what will happen is that some grunt will have to sort things out rather than high level management
Was paid very average wage for my industry in my last job so only worked at about 30 to 35 % productively, you get what you pay for.
Remind me not to hire you, you’re a stealth samurai who can take me down whenever the impulse to do so arises. How much value are you really creating?
@@rokyericksonroks OK Boomer
corporations by the late 1970s said themselves that their responsibility is to the shareholder.... not to the employees. that's all you need to know and that's all she wrote folks.
So lets become shareholders ourselves!
@@saslykasLT that's the only thing left to do. you need to own the businesses. of course being a minority shareholder doesn't mean jack diddly but it's better than nothing.
@@saslykasLT No. You can't have shares. If you had any noteworthy amount of shares then that might inconvenience the oligarchs. What do you think this is? Market Communism or something? 😜
@@saslykasLT worker owned cooperative?
@@cosmeticscameo8277 It means dividends
If you work with the company just go with the flow, no more loyalty, no more extra effort for the company. The company can replace you anytime anyway.
I've been working for my company 18 years. If I stop working there, I'll probably face age discrimination at any other employer.
Companies never gave a shit about people. It's always been about the bottom line. That's why you work for yourself.
This definitely isn’t what I should of watched Monday morning before work
hahahah
Or maybe it's exactly what you needed to see, gotta know the game to play it efficiently.
Yeah probably not a good call.
Companies may not care about your loyalty, but if you do something they find disloyal, they will boot you out. Tends to be the same companies who try to keep you from talking about your hourly rate with your coworkers
I was let go 8/21 after nine years. I was an excellent employee, no write ups or reprimands. I was let go because of the amount of $ I was making. I am just now starting to look for employment. Taking this time off was the best thing I could have done. I am 52 and I have know for years that companies have no loyalty to their people. None. Knowing this and you can handle a lay off or being fired. Its not the end of the world. And the two week notice thing is a thing of the past. Giving your employer a two week notice is not required or recommended when you have secured another position. Unless you plan or could go back one day then its not needed. Also if you want a pay raise, then about every three to four years start to look for another job or career position. That is how you get a real raise. Not some .78 an hour raise. If you want more money you have to leave. Once your good with the money your are earning then stay with said employer for as long as you can.
The change was well underway by the mid-1980s. While in college, I was hearing about how RCA in Moorestown NJ would take engineers with less than a year left and dump them with no warning, ostensibly to avoid paying retirement. What chums, I knew who NOT to work for. The newspapers noticed how companies were laying off during a good economic period, kept asking why and saying this was not normal. Layoffs only came when the business cycle was headed south. Now it was being done to "improve" company finances and thereby the stock price. Turns out this was also the time when companies moved away from paying their brass in cash to paying them in stock, with bonuses for a higher stock price. That's when Corporate America figured out they get rid of people just to pump up the company stock. How selfish.
Dude, I worked at a grocery store 12 years ago where the owners sold the store chain suddenly and gave the shaft to 3 or 4 people who were close to retirement. The store manager was only 8 fuckin days short!!! Imagine that. My first dose of reality as a young 20 something.
@@Candiedbacon75 Jesus
I’ve always enjoyed smaller businesses than larger ones, they really value your work, constantly getting offers from big companies and just laughing , especially over the last few years , same companies too. Can’t keep staff around aye?
Maybe it's just the field I work in (chemical operator), but I always find the bigger companies have pay and benefits far exceeding the "mom and pop" shops. For my position the big companies pay around $25-$30 an hour. One time when I interviewed for a small company they tried to bring me in at $12 an hour, with no benefits for 90 days. I almost laughed in their face at that offer, esp. considering they were after people like me with experience AND a two year technical degree. I understand some people like the feel of working for a small company where everyone knows everyone etc etc. but to me it's a JOB. I'm going to go after the gig that offers the best pay, schedule, I don't really give two sh*ts if the president of the company doesn't know my name or gives me a handwritten christmas card every year. But I always know to seperate friends/familly from work. But to each their own I guess.
Interesting comment, Dildo.
That does not reflect my experience, but I guess it depends on how small of a company we're talking about. Nothing like having the "head of accounting" mad at you over some trivial thing, when it also just happens to be the owner's wife.
Same. I've worked at Amazon and at a tiny little 4 man shop. The smaller companies are better to work for imo
My job just announced we’re going to 12 days on and 2 days off. And if we don’t like we can go work somewhere else. So much for the 3 yrs of loyalty.
My father worked for the same company for 43 years, with a 5 year break for the War when he was in the service. At the time he retired 6 of the 12 board members had been trained by him. He retired, they gave him a watch, no pension, the “gold” on the watch peeled off in 2 years. His Division he had run at huge profits for over 20 years was sold by the Board. Within 10 years the company went bust, it turned out the Division my father had run and they sold off, was supporting the rest of the company but that fact had been hidden by Directors wanting to featherbed their Divisions and “earn” fat bonuses. For some reason my father was sad the company went bust and not angry that he had in fact been carrying those board members who were paid huge amounts.