How much cheaper of a CEO could/should ADP put at the helm? It sure seems like the current CEO's effectiveness is not very good and his compensation is extremely high: the exact "reasoning" for laying off 15,000-20,000 employees. What is truly reasonable?
11 replies (most recent on top)
To echo @4prl+15HXDhrk:
PSA: If you’re still at ADP with more than a 2-year tenure, you’re probably one of the “lower paid” employees. Bet you didn’t realize it because you took the very first offer, with your eyes big and WIDE, before considering the laborious hours of work involved. You’re actually working closer to minimum wage than you think.
It’s called Bait and Hook.
No fear mongering here. 15k to 20k ADP employees are indeed being eliminated. But not all at once. This has been going on for more than 4 years. And remember, new low-cost employees are being hired to replace them, now and over the last 4 years.
You have to see the big picture. Replacing more than 30% of ADP's global workforce over several years no longer seems ridiculous or scary when it is done gradually and with replacements being hired in at the same time.
there's no way 15k to 20k employees are being let go....that would be over 30% of the global workforce, not just in the USA. stop fear-mongering.
Carlos will take his golden parachute soon. I’m sure he’s just milking another year.
If y'all think Carlos is bad, just wait till moe gets his way in. It'll be the end of the company then for sure
Just got laid off and looked at the job board. 4-5 new VP rolls? Really? But I no longer have a job?
the inner circle of leadership guard each other's back just like gangsters . .
a certain dept had double digit neg NPS score. .. . .the same dept under a new VP, the score turns to positive double digit . .in just couple of months after the old veep gently shifted over with new title . . client turnover, rev impact under the old veep??? probably in millions ?
I bet we could replace Carlos with an cheap and inexperienced Indian for a small fraction of the cost. Just like he is attempting with the mass employee base!
I agree totally. Time for a new/cheaper CEO! And CFO for that matter. The current two have not proven to make ADP better for anyone except themselves. Everyone, especially the clients, have been hurt under this regime. Time for them to go and replace them with cheaper people!
It does seem reasonable that since ADP is cutting labor costs then ALL highly paid employees should be thrown out and replaced by cheaper workers, including the CEO. As it is, Carlos is so well compensated that he doesn't have to worry about if ADP succeeds or not. If ADP succeeds, he walks away a rich man. If ADP goes under, he walks away a rich man.
A new CEO who earns far less and is hungry to prove himself or herself in making ADP a great company and thus acquiring wealth is certainly the better way to go. Such a CEO would be held truly responsible for ADP's success.
But of course, this won't be done. Only the little people can be held accountable and be replaced by cheaper workers. The big people, ADP's royalty, cannot be touched or held accountable. They are just too big to fail.