As of 6/15 Pearson no longer has a severance policy. Tenure means nothing. This opens up opportunities for inconsistencies and bias. I’m sure there’s going to be discovery and lawyers once someone feels they got less than their former coworkers.
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Every company has profitability as a goal, but equity firms do not value the employees. They only see the money. Most companies value the employees as they know that is the biggest resource they have. If you are delusional enough to believe that Regent values you or Pearson, then I pity you because we aren't valued.
They have created an environment where stay has little to no value. The only way you stay til August is if you have no other options. You should be doing interviews while employed!
"Equity firms have one main goal, profitability. "
Isn't this the goal of all companies? Probably a nice cushy job down at the local social security office for you!
I left POLS before the sale and before leaving I tried to tell everyone what was coming. Equity firms have one main goal, profitability. They will strip the division to bare bones to get it as lean as possible before selling it. If you are still with POLS, get out. You do not owe regent loyalty. There are jobs out there
Not true.
They replaced the severance policy, which cited # of weeks per year, limits, etc, with a briefer Statement of Intent which instead cites "severance practice will be in line with market practices."
There is no risk in announcing organizational behavior and a consequence as an anonymous commenter. There's only about 20k employees. Fear can lead to demise.đ
@3gzr+1nAEnJ2b I am sorry you had to go through that ordeal and experience such behavior. I wish I was not surprised.
I have no dog in the fight nor any shred of knowledge of what’s going on at the top. Suffice to say I’m not stating anything as factâ to your point it’s a bit unwise to do so even in an anonymous board.
I find it really fun that I can no longer log into my retirement account. That's just awesome.
One should be careful to state that people who were fired got severance. I and others were able to prove unethical/ racial behavior by the organization so a severance separation was extended.
I’d be careful about stating that as fact for the entirety of Pearson. And as far as I know the âseveranceâ policy was more so for folks who got fired etc to prevent lawsuits. I think if there’s another round of layoffs there are parts of the organization that they would be so so so so so stupid to try to do.
You think unhappy folks in NAHE who get no severance would just sit around? A lot of people know about a lot of closets and skeletonsâŚand I don’t even think this leadership is arrogant to try to call someone’s bluffâŚ.
Yes, for all of Pearson. It’s a corporate policy as of 6/15.
No severance meaning no more 3 weeks for every year. It’s in the HR policy website, and it’s on a case-by-case basis meaning there’s room for bias and inconsistencies. I think this will expedite the current brain drain as tenure’s no longer a reason to stick around. Pearson’s competitors are picking up the best former Pearson talent. I’m guessing Pearson’s contracts will follow.
The told the POLS employees to take the Regent job offer during the sale because they wouldn’t get severance if they didn’t. Once an employee for Regent we learned many will get laid off without severance in August and Pearson lied about Regent’s PTO policy, too. Instead of laying us off with severance before the sale they dumped us on Regent so to be laid off anyway without severance. Things started getting weird when Andy Bird did Blackface for his avatar during his recent AI interview.
for all of Pearson? What do you mean- there is no severance at all?