Thread regarding AIG (American Intl Group Inc.) layoffs

COST OF DOING BUSINESS

We are writing business on paper but it's going to TPA's because the cost of Claims Services is priced much higher than TPA's. Why is that? Well when you bring on a CEO that makes more than any CEO in the Industry, and he brings on all his Buddies and they get paid higher than like jobs in the Industry, and they create more Senior Management jobs, the cost of Claims Services has to go up. Much of Middle Management and all of Senior Management get bonuses, stock, Long Term Incentives, and yes raises. The Cost of Claims Services has to be inflated just to keep Senior Management employed. Forget about the worker bees. We have lost a lot and continue to. As people are being RIF'd more Senior Management Jobs are being created. Makes you wonder why we need all this Senior Management when the basic work force has be so greatly reduced.Customers are aware of what is going on and they don't want to place their business here. It's a sinking ship.

by
| 1795 views | |
Post ID: @11ytpBtO

10 replies (most recent on top)

BH is Berkeley Heights, NJ .

by
|
Post ID: @11ytpBtO-njeg

What ot where is BH?

by
|
Post ID: @11ytpBtO-npbt

What position did the people in BH laid off 11/7 hold? On which floor is their office located ?

by
|
Post ID: @11ytpBtO-nqmw

Big time RIF today in BH - 15/20 in Speciality WC - all notified over the phone, at least that's what I heard.

by
|
Post ID: @11ytpBtO-nsps

Totally agree with post Post ID: @11ytpBtO-1up. They can't get the employees they are RIFing out the door fast enough. No exit interviews whether or not you leave on your own or are RIF'd. They don't care. It really puzzles me why they did the Health Index Survey which was useless. Exit interviews provide more valuable feedback. This survey was a template from McKinsey and I can just imagine the cost.

by
|
Post ID: @11ytpBtO-msgt

I agree. They just keep hiring more Exec friends and family and let all the workers go. I understand IT automation and other more effective ways of working, but they should keep more underwriters, adjusters, programmers and accountants, and their managers, and let go all the executive fat. One exec costs the same as several staff! A company needs really smart leaders, but only a certain amount that makes sense based on numerous factors. When I do the math, AIG is so top heavy. It’s not sustainable, and that’s a shame because I know a lot of great staff and middle managers there and would love to see them happy again.

by
|
Post ID: @11ytpBtO-lndk

I will never volunteer to do work to make the fat heads in 175 look good.

by
|
Post ID: @11ytpBtO-4yqr

I got laid off 5 years ago. There was no exit interview. Just a bunch of paperwork shoved in your face to sign, grab your badge and you are free. They didn’t care then I’m sure they don’t care now.

by
|
Post ID: @11ytpBtO-4dyn

They don't care what you think..this dump of an insurance company is moving on and so are all of their clients

by
|
Post ID: @11ytpBtO-1woo

How much does it cost to RIF an employee in a professional manner? No more exit interviews or feedback from employees when they get RIF'd or leave on their own. I would think that valuable information would be gained this way. The way they RIF the employees is really sad and done in a way which is very demoralizing. I thought they said in a previous town hall that they learned from the way employees were rif'd in the past and would be changing this. That was a bunch of bs. A company as big as this and promotes giving back and helping the community acts in a very hypocritical way when it comes to their own employees.

by
|
Post ID: @11ytpBtO-1upv

Post a reply

: