A coworker just did that and I still can't wrap my head around it.
19 replies (most recent on top)
I'm leaving for a position that pays half as much ... it's called retirement!
Great review , not perfect but much better than last year where the manager didn't like me. Now lets see if I get a pay increase or a WFR
"someone who is "this" close to retirement and why would they leave if they get paid to do nothing"
exactly my point and many others I know. We're riding this out as long as the checks keep coming in!
Anyone saying “I want to go but waiting for WFR” is one of the following you forgot, someone who is "this" close to retirement and why would they leave if they get paid to do nothing?
Anyone saying “I want to go but waiting for WFR” is one of the following
- a coward who would never leave anyway
- someone without the skills and experience to get a new role
- someone in an area in decline who cannot reskill
“Im waiting for WFR” is pure cope based on the fact you are going to have to take a pay cut to find something else. Be honest and say you are waiting for the right role (which you know you will never get, so you can use WFR as an excuse for not leaving the sinking ship).
No I will leave soon for a 15–20% salary increase with bonuses the norm for performance. Hanging on in for a WFR which may never come is not for everyone and in the long run isn't worth it I think. Better to get out while in demand rather than get WFR in a few years where demand for a redundant person is less and end up having to do just that and take a hefty salary cut to get a job, which is what redundancy is for, not as a perceived entitlement for length of service.
"I’ve been at DXC for 20 years. I see your point if I made a 3% raise every year (and that's low for me , as before DXC it was always over 5%) I would be up 30K also and I too am thinking about retirement.
If my review isn't "exceeds most expectations " Then there will be no increase this year either and I am going to do as little as possible till I decide enough is enough and quit!
I’ve been at DXC for 20 years. I’m one of the overworked and under supported dummies that stayed with them. I am a good 30k under paid for what I do, so i could probably move to a less stressful job and make the same money. I’m nearing retirement age, so I’m weighing my options.
I personally know a number of employees in the ANZ region that have left for lower paying jobs. In all cases they did this for their mental health and personal wellbeing. Their view was that DXC was taking advantage of them by overloading with work, no pay rises and no investment in skills. If you cannot understand why someone would leave and take up another role for less money then you need to rethink your priorities and what is really important.
In 2 of the 3 examples i know the ex employees left the lower paying roles for a much higher paying ones less than 24 months later (so in the long run it was only a temp reduction in salary)
Bollocks, that is not believable.. There are only 2 possibilities 1/ the individual is mentally ill 2/ the poster is mentally ill and so desperate for relevance!
If you are contributing to your 401(k), then if you separate from DXC at 55+, you can withdraw from it penalty–free, with only regular income tax due (for pre–tax accounts).
to the person who said "I would consider it a my age. At 55," Your not a slave! if you want to quit then quit already. All this voluntary WFR is so much cr*p, GO already
I would consider it a my age. At 55, I'm ready to slow down and take a regular 8 to 4 job, no weekend work, no escalations, no dealing with time zones, and overall better quality of life. But again there is no voluntary WFR at least not officially. If I go I want piece of mind at least for the next few months.
Yes if it provided more opportunities in the future and moving away from this toxic environment – Yes.
I have done that before and then in less than 5 years , worked my way back up to and past my original pay. Sometimes having a safer job from WFR and having better benefits is the better than more money!
With DXC there is no hope of pay increases, there is constant reorgs and WFR so you don't feel safe
\Managers will be working with you to schedule a one–on–one Year–End review conversation.
A discussion regarding Incentive Compensation Plans (ICP) and merit will take place at a later date so stay tuned for more information. What BULLcr*P!
Given what DXC charges for benefits, it may have well been a wash at the end of the day. Plus there is the quality of life factor.
Some of our employees are doing the job of 3 people now. If you leave for 1/2 the pay but 1/3 of the work are you really losing?
Money is definitely not everything.
If I could survive on half pay until I found something better, and I was in a miserable working condition, sure... I'd do that.
Position in another company, if that wasn't clear.