Maybe a return to quality people instead of quantity would rectify the quality and service disruption issues. That starts with not so much salary, but benefits that retain good people...like 401k matches and discounted ESPP. Worked really well in the big stock value growth years. Let's face it, the efficiency ratio stinks...which usually spells layoffs. However, bolstering of value to remaining employees could certainly help raise morale.
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Who was pushed out of the company after the domain debacle? Who’s over that?
@1iiu+1aHQGQqE well we all know who you voted for!
HR trying to play the good guy by taking costs from one group of employees and dumping it on another at the same as FB is spending millions on stock buybacks to benefit himself and his OFD cronies.
Its no wonder the talent is leaving.
Everybody can get their own healthcare plans. Nobody is locked into the one the employer happens to offer. You want another plan? Go for it!
Seriously, creating a glass ceiling for all employees by cost shifting medical premiums onto higher income earners. Why not take some of that stock buyback money and give the low income earners a discount without cost shifting you HR stooge.
The original poster is absolutely right. Why doesn't the new overlords of the company know how to retain top talent? Attrition is a problem right now according to Frank. Switching out the CTO Mike Manos for Peter isn't going to do much if you don't invest in your employees or have the right SVP's in place.
Maybe you should look at hiring the right people, instead of putting friends and buddies in positions they are not qualified for. In our group the VP has no clue about the technology stack, and doesn't consult anyone if the ideas they are thinking about are any good. It is just implement these 20 disparate systems and duplicate entering in data for each. They don't care about saving time, but reporting metrics in 20 different systems. Instead of having one efficient system that does it all. Lets go back to the 90's on running an IT environment with duplication of work.
It is crazy, i don't know how some of the VP's still have a job. Especially the security leadership after the Krebs post and a failure to meet the VISA PCI deadlines this year. The comments on this Kreb's post are priceless and amplifies the new FD security teams are just like our group.
https://krebsonsecurity.com/2021/03/fintech-giant-fiserv-used-unclaimed-domain/
Check out this. https://www.visa.com/splisting/searchGrsp.do and search Fiserv and First data. It looks like they don't have a clue on how to keep Fiserv business's PCI compliant in a timely manor. Raddon, Secure Lending and Digital Channels business are all past their valid through dates by several months now. I bet they will hire some random QSA group and pay for the certification on Visa's site.
Execs do not have any other healthcare plan than the one you have.
As for expensive healthcare, it was sickening to see what the yabukee regime did to those associates earning the less, they made them pay the same as someone earning four times as much, that disgusting approach ended under the new leadership team who reduced healthcare cost for 7,000 original lower paid Fiserv associates.
So don’t even try and take a higher ground when you allowed this abomination to occur. Good thing we corrected your rediculous policies.
Better yet, drop healthcare for those positions paying less than 72k and let those folks take advantage of the healthcare.gov discounts. I paid more for fisv insurance than I do now for Obamacare...and it's better.
And healthcare that doesnt cost the earth??
Every year it gets more expensive while the Execs have their own healthcare plans...