I'm scared of what we'll be facing in 2022 if the pattern continues.
20 replies (most recent on top)
Brutal truth: The transformation of EMIT and HR to low cost centers is the road map for the rest of the Company moving forward, raises overall seek to help that progression ie steady attrition with LCC backfill.
The fact that they'll continue the 8% NSI is immoral and propagates the business ethics issues this company has established.
@1izj+1e3FUfTD
“ the number of persons failing the PIP will again be very small”
This is absolutely irrelevant. On one hand the inflated, endless PIP is here to target REs and NREs as soon as they get to 55, and virtually none of these will take the PIP, so the company HR crooks don’t count that as “failing the PIP”.
On the other hand, the younger employees put in NSI in order to maintain the legalistic illusion that there’s no age discrimination will mostly pass the PIP but their career will be forever tarred, dead meat for the next layoff, whenever that will be.
So repeating the Management boilerplate that “most people will pass the PIP” is simply dirty corporate propaganda.
Shareholders come first, fact, they are the investors and owners after all.
2022 will not be as “bad” as the last two years. It will feel more normal with recruiting, travel and all.
They will continue with the NSI nonsense even though the number of persons failing the PIP will again be very small.
I expect some gradual HC reduction in high cost countries as a result of coming reorg and attrition in 2022. HC reduction in high cost countries will be the pattern for a few years beyond 2022.
The problem though will continue being in the morale. The last two years have damaged relations between company and employees, have shaken any trust to various levels of management and have introduced (out of fear) an antagonistic mentality everywhere. Also, more people became aware that there is life outside EM and that really, we are in a no growth commodity business. Thus attrition will continue. Reorg will eliminate some supervisory positions but unfortunately this will make bureaucracy even worse with more pseudo technical, non management positions of basically advisory (aka PowerPoint) responsibilities.
@OP Depends on who you are talking about. For hard working employees - yes! This trend for employees will continue. How otherwise would shareholders get their rewards?
@1ofs+1e3FUfTD
I have received requests from some China-born and India-born staff, to be transferred from their current EM Singapore-based jobs, to projects based in China and India, respectively, on an expat arrangement.
A smart move/request from a money-sense … so my answer to them, was an obvious NO - unless they are willing to accept a transfer back home, but at their prevailing, local salary remuneration terms.
All of them dropped the subject and never revisited it again! Hehe
@yfc+1e3FUfTD
You’re assuming that any job can be done in India or Hungary for a fraction of the price but at the same quality level… it’s a (manager’s) pipe dream.
LinkedIn is going to have to make a new Cube Pic only spinoff app come January. The amount of people leaving is going to be epic. I can’t believe the number I’m currently seeing knowing January vacation reset is just around the corner.
We outsourced to South America and central/eastern Europe starting in about 2006 and still going strong. The trend will not stop.
You have 8% PIL with a smaller pond of fish. Look around and realize the ranking system will be applied to a shrinking workforce Year after year. Walls closing in on you yet?
But there are also, various postings in this forum … from folks recently employed at the Bangalore office, mentioning that the new Indian employees there have high expectations of dual-digit, rupee-based annual increments - to bring them on parity with the other first-world sites that EM operates in.
This is a classic case where EM’s corporate vision (of reducing operating costs, by shifting technical, procurement, HR and Admin and other support work, to lower-cost countries) and the remuneration expectations of the people hired in these countries, are way misaligned.
This will only lead to further attrition (at these low-cost centers) down the road!
Outsourcing to lower-cost countries have been (and still is) the modus operandi of many brand names in retail production / sales.
Just walking through the department stores at the malls and you’d be convinced - where you’ll likely see more than 90% of the items displayed for sale, all Made in China!
Bringing production and operating costs down was a sure fire way of increasing earnings!
Isn’t moving “skilled” resources to Kuala Lumpur (Malaysia), Bangalore (India) and Budapest (Hungary) the same thing?
After all, EM’s business is about selling, mostly, (environmentally-UNfriendly) commodity products - isn’t it?
So long as DW is it he CEO, I do not have much expectations.
Totally agree that management have moved on, completely obvious in their behaviours and no demonstration of the caring we saw over the last 18 months...
@vfr+1e3FUfTD - that is what we call globalization..why pay more if you can have someone to do the job at cheaper rate...or have 4 workforces in India that cost 1 workforce in US....especially now with the possibility of remote working...can't you see the happy faces of our Hungarian employees and managers, taking selfie in front of the new building ? Wake up!
Employees to be outsourced to low cost countries. That is how going to make even more money!
Which pattern continues ? Don't you notice the company is starting making profits again? That is the most important thing int his company...Money..Money..Money...
More bonus to the managements and the employees (hopefully)..
Happy Management = Happy Employees
Management seems to have moved on - eager to forget about the last 18 months and get back to the old way of doing business
And I don't see why it wouldn't. It's not as if anybody is trying to improve things. At best they're preserving the status quo.