Why doesn't Cisco invest in employees anymore? Everything related to employee improvements has been reduced drastically. Education and training options used to be readily available, and now they are sporadic at best.
I guess the time when the company cared about having the best employees and keeping them is long gone...
Because every penny that goes to employees is a penny that does not go into the pocket of a shareholder or ELT member.
It depends, had manager from AT&T, They are the worst. They don't invest in their employees. But other managers are OK.
We make massive investments in the ELT. Maria earned almost $20M
Hmmm. Actually, “Earned” may not be the right word.
Depends on the organization. The VP of Data Analytics spent most of her time buying vanity awards and traveling. Why invest in training when you can use departmental budget on fake industry awards?
Investing in employees, ethics and retention days are gone with Mr.Chambers. All matters now is number game. Managers are given numbers to manipulate irrespective of skills and experience.
They want someone who work like bull with a skills called mindset. Anyway majority of work is done vendors and managers needs personal assistants to manage vendors especially in IT. They let go all GC and citizens above 40 and replace them with H1s who are ready to slog next decade till they naturalized. I have not see any blue badge with H1 laying off
people were training for their next job.
Which is ok. Cisco tells us all the time we are Cisco employees, and that we, as individuals, are responsible for our careers. Previously Cisco sought to keep our skills somewhat relevant to the industry. I remember getting CAP awards to complete training. But then it was our responsibility.
For a while after that, you were just a resource. Drag and drop the cheapest in for the role.
But it’s changing again. You are no longer a resource, but an “identity”. So, in a management role, you have to be female. For a STEM job, you’d better be female or a minority. If you’re a low-paid janitor, the best would be an older white male, so that the gender and minority pay gaps are narrowed.
It’s not about skill and capability any more, your class/identity trumps that.
largely because they realized people were training for their next job.
The action speaks for itself. Cisco moved to the financial management game decades ago. The average employee is not important to the company anymore because you don't produce the value. Buying and selling assets, investing, stock buybacks = manipulate financials brings the value.
Everything you see now is brand management and finance sleight of hand.
Its hard being a techie and realizing that world is gone. On the plus side Cisco's financial moves and manipulations have been very successful. Just look at the stock price. On paper they look very successful. Maybe they will become a bank...
Is development part of compensation? Surely rather it's an investment to make individuals and teams more productive with their time, better leaders (both of people and of process / programs) and to ensure people are set to be able to grow with the organisation and both build and fulfill future goals and strategies.
Being vocal about your career plans, your ambitions and what value you can / could add, and of course building and aligning a solid development plan to support that is the first step to getting backing from your leaders to make that investment in you. I'm sure they are unlikely to invest if they cannot see the ROI / fruits of that budget short-medium term, or that there is a not a clear direction / goal that you are reaching for.
nqx - That’s not true for my organization. Cisco invests only in those employee programs they can tout to support their bids for “best place to work” rankings. Those don’t take into account overall employee experience and compensation.
You’re talking sh*te. It’s all there ready to be taken and leveraged. If you’re waiting for someone to hand it to you on a plate you’re working for the wrong company. I’ve had more first class development in the last 3-4 years than any other time in my career, with more in the diary through to FY20. Cisco might not be perfect in many ways, but it does that very well indeed.