Apparently the Chief People Officer bragged about the idea in a paper to the World Economic Forum a couple years ago.
This is scary on many levels...
https://www.weforum.org/agenda/2022/05/attracting-and-developing-talent-to-techs-highest-calling/
17 replies (most recent on top)
You will own nothing and eat z bugs
DEI will end up in the trash can. Misguided virtue signalling policy that creates tribalism and inferior results. Look at Intel ELT... All kinds of DEIs with no proven success building semiconductor businesses.
@ 1vtd+1larrf8d yes been calling her a hatchet woman since she showed up with her taking head. They only drag her out for terrible news.
Bla bla bla meaningless article.
ESG really is a religion... Sure Wish Intel was building back on the foundation of capability and merit. To be Color blind, orientation blind, race blind... Instead driving these Marxist objectives with religious fervor and paying lip service to true innovators which truly do come in all colors and stripe. No, RISE is focusing on employees immutable identity, st-----g the ego of the URM among us which is a distraction at best, insidious destruction to team moral and individual ambition is the past and expected likely outcome. Why would someone work themselves to the bone if you don't have the key identification markers to see career progression... You may do it for a couple cycles and invariably find the deck is truly stacked within Intel. Especially as your less talented peers "rise" above you and your talented friends continue to jump ship.
CP has a lot working against her, comes across as not likeable or genuine(Exact opposite of the KV). CP is perfect for doing a hatchet job, for cultivating a more toxic environment. Expect her to move on once Intel hits bottom.
Gone is the "One Intel" pyramid. Now RISE, the quadrant of quagmire.
It sounds like you don't have much of a sense of belonging... the Chief People Officer may want to check in with the the plebs to see if the RISE strategy makes any sense to the workers.... outside of the echo chamber known as the WEF. The global elite puppet masters must have enjoyed the talk followed by some fine steaks with wine.
Her salary is sickening for what little she contributes. Some of us made huge contributions and worked hard, all for it to be meaningless in the end. Will we be rewarded for our contributions that already have gone unrecognized? I doubt it, will the H1B’s be rewarded and be able to buy more real estate? I can assure you this most certainly will happen. All the while the hard workers get scammed into following the stick without a carrot.
Nice power point skills... Look at the RISE graphic... chock full of 'buzz words'... what good does a 'sense of belonging' do if the company strategy isn't viable and/or nobody believes in their heart it will work. Company needs to spend less time on virtue signaling and more time on strategy and execution it seems.
Intel’s RISE (Responsible, Inclusive, Sustainable, Enabling) strategy aims to give its workforce a voice and a sense of belonging. Image: Intel
Is her position necessary?
Intel had "Intel values" that supported Intel business. But the "values" she talks about is political activism. Her theory of "innovation" by attracting cheap political activists is bizarre.
Political activists are just as greedy as anyone else. The difference is that they don't have the skill to make an honest living otherwise. Have they built anything? Started tech companies?
You're taking her comments all out of context. What she wrote was that - given a choice - many younger workers would be willing to take a job at lower pay if the new employer's values align more closely with theirs. In other words, she was talking about how important corporate values are to job-seekers, not that employers could or should cut pay. There's a lot to be unhappy about at Intel these days, but let's stick to the cold, hard (and miserable) facts without making stuff up.
Where do these ludicrous ideas come from? Show me where this has been successful. Aye Yai Yai!
Yes, people might decide to move to a different, less sh!tty job for less money. That's not the same as being willing to do the same sh!tty job for less money.
Given CPO is the author, when is she taking her 75% pay cut? Surely her job is very meaningful.
Hair brained logic
Key points is that employees would be "willing" to take a pay cut. This is a mandate and it is closer to 20% for around 90k in base pay. Much higher for those that make less. Plus ther is no goal for return to bonuses.
It looks like more pay cuts will be coming, until the work becomes meaningful.
This was May 2022..