Can somebody please explain the logic of this to me? Why keep hiring at such high levels just to turn around and lay off people a few months later? What's the point? Why not institute a hiring freeze? Let attrition do its thing. This just makes absolutely no sense.
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I may have missed where your number came from, but I wonder what the % is of 3P. I am seeing full time employees leaving and the gaps being filled by contractors. This may work for some positions but others it takes time to train up individuals to work independently. Then there is the issue of contract length. So how much quality work do you get out of them only to rinse and repeat the same inefficient cycle. Quality and quantity of works suffers and then comes compliance and regulatory issues.
Saw this spin in the news... They'd like people to think USAA business grew so significantly that they had to create so many positions. But 'hires' can mean significant turnover, and the positions were backfilled. Or it can mean hiring for problem areas like fraud.
I guess that explains why my rates doubled in the last three years.
@jdh+1uGtyQGH
Walking 15 minutes to meet with others is NOT a big deal. I worked at a different campus prior to joining USAA and walking from building to building was expected, rain or shine. Do you walk 15 minutes or more when you run errands, meet with friends, go out to eat or go shopping?
Just wait till you see what’s coming in January. They already have all the departments numbers that are being cut around this time sorted and documented. They have preplanned those layoffs 9 months in advance.
The majority of those are front line member contact. The majority of those being laid off are not. Although there was some this round. Usually layoffs are staff roles and new hires are front line.
"not having to pay benefits is a huge win for the company."
Not having to pay benefits is a huge win to the freshly hired financial analyst reading 3 year G&A forecasts, and to anyone in the high turnover C-suite who only has to say they care about the next 100 years but in reality might only be around for 100 weeks.
@wej+1uGtyQGH That’s a funny joke. Coming into the office 4 days a week for everyone on my and my partner teams to not be in my office is a waste. And home office is so big no one ever actually tries to collaborate in person unless they’re in your own dept/in the same area (no one walks 15 min to meet with their partner teams).
I could get on board with being in the office 3 days a week if collaboration actually happens. At best it’s one off random discussions where you hear a little gossip, but that’s not actually doing business.
Lol. Please share the data you speak of. My team was highly collaborative and more productive before RTO. Love when folks claim “the data clearly shows” and then don’t provide any data at all.
No…That is NOT what is going on. The reality is that USAA has many extremely entitltled employees who just don’t work well or at a high level compared to the rest of the industry. It is a reality. They can’t even get office workers to come back to the office to work when the data CLEARLY shows that for collaborative roles working in the office at least 3 days days a week or more results in higher quality of work…scripted or less collaborative jobs like call center work well as remote or telecommute as long as the company is able to monitor and measure performance. I know people don’t like to hear this but it is the reality. USAA has that incredibly expensive building off Huebner that sits mostly vacant and empty now. That is bad.
What the business-type folks don't get is that not every programmer can do the other programmer's job. They think it is "plug-and-play" when it is not. They will realize that, as they have since I have been in the field (30+ years), through trial-and-collapse.
Its called turnover not that complicated. Fact is you are losing good people and laying off the rest only to heire at a fraction of the cost. Economics 101 at play here.
New hires are lower paid..lots of red badges in bound...not having to pay benefits is a huge win for the company...