If anyone wonders why "employees" aren't loyal anymore!

[Charade]

some people truly count on those bonuses...

.

Is that you Clark???

Shouldn't have ordered that pool.

 

[PrincessKitty1]

You knwo a few years back I had a VP at my hospital say something very similar to me, followed by the statement "I could hire 2 new nurses for what we pay you". My response to her was "I'm sure you could, but would you want either of them taking care of your mother?"

Funny thing is, I'm still here and she's gone.

Call me conceited, but I also think my hospital is quite fortunate to have a good nurse with 20+ years of experience working for them. And any time an administrator makes that "be thankful you have a job" comment to me, I tell them that!!!!!!

My hospital will shortstaff in a heatbeat, even if it means there's nobody to monitor bed alarms and patients are falling and breaking their hips. Company loyalty is cr@p. I'm loyal to my patients and their families and I work my butt off for THEM, not the hospital.

 

[Mackey Mouse]

Hey some people are loyal and it is a volunteer job...

I think this is a very interesting thread......to say that my family has been burned by the company that my husband worked for for 35 years is an understatement. It is a long story, but suffice it to say that he was very ill and they turned their back on him. 35 years of dedicated service, never took a sick day, maybe one or two over the years, and made the company lots of money doing his job...and when he was in the hospital battling for his life, they had me running around like a chicken with my head chopped off trying to get doctors to give them, the company, a diagnosis of my husband illness and a prognosis. All they had to do was fax the dr for the information. Horrifying, you bet it was and an eye opener. We have received apologies, but the damage has been done. The best was when they delivered his gift for 35 years to his empty desk where it sat until someone brought it to the hospital to give to him, then they left the price tag on it..

It is not like it used to be when people cared about each other.. I will never forgive or forget what that company did to this family. What good does it do to be loyal when they treat their employees so horribly......It certainly has colored my children's perceptions of how much do you give to the company.....my husband gave a lifetime, and they made him apply for social security disability....for shame..

 

[mickeysgal]

The economy APPEARS to be getting better but the numbers are misleading. Unemployment isn't as bad but supposedly, at least in Texas, it's because a lot of people are falling off the unemployment lists and aren't being counted and also many are underemployed.

Numbers are very misleading. You're right...either someone found a similar job (which is good), their unemployment has run out, or they've accepted a job thats under their skill level. I wish the government would report these figures...these tell the real story. Don't tell me they can't. They won't though...it would scare the daylights out of the economy.

 

[Pugdog007]

Our associates' bonus is profit sharing, so the company has to hit plan in order for them to get their bonus.

My bonus is a negotiated portion of my comp package... as some others have mentioned. My goals run somewhat parallel to the plan, but I will get a bonus as long as I fulfill my revenue obligations.

So in other words, you don't know the whole story and I certainly wouldn't make an assumption based on the limited information you have. Was it poor judgment to leave the check out for all to see? You bet it was... but it doesn't necessarily mean he is corrupt or denying associates for personal gain.

 

[Poohnatic]

Nice speculation based on a complete lack of knowledge of the situation. We have no idea what the CFO's compensation package/contract with the company is, therefore, it is completely unjustified to accuse him of being a hypocrite. His compensation agreement may include and even require a bonus for meeting certain goals, something that is usually not afforded to the "rank and file" employees.

Fair enough point. That said, the CFO definitely should have been more discreet in his handling of the bonus check, if indeed it was part of his compensation package. Perhaps doing this some other time, rather than directly after the meeting where he informed the staff that they wouldn't get bonuses or raises?


Suzanne

 

[Free4Life11]

At my job we can be FIRED for discussing salary and that includes leaving our checks out!

I can't imagine his bonus is for meeting goals -- they've had a bad year, yet they met their goals?? Then the must be pretty low goals!

 

[DisMN]

Loyalty used to go two ways....a worker would dedicate their life, yes, I said LIFE to a company and the company would take care of them with a pension (after putting in enough years and EARNING that pension I mean) and a few other small benefits......

not any more. DH was two years shy of retirement and his company "closed" and told the men there was no pension left for them.
Of course the big bosses pockets never went empty and I consider that a crime.

Try to retire with no pension? Can't be done. DH will be working manual labor jobs until he's well into his 70's. Horrifyingly sad.

Loyalty schmoyalty. It simply doesn't exist.

 

[Pugdog007]

At my job we can be FIRED for discussing salary and that includes leaving our checks out!

I can't imagine his bonus is for meeting goals -- they've had a bad year, yet they met their goals?? Then the must be pretty low goals!

We don't know what his personal goals may have been. His main objective for the year may have been to become Sarbanes Oxley compliant or something else entirely... as I said Exec bonuses are NOT always tied to plan, whereas a typical associates' bonus may be.

 

[Tigger_Magic]

Fair enough point. That said, the CFO definitely should have been more discreet in his handling of the bonus check, if indeed it was part of his compensation package. Perhaps doing this some other time, rather than directly after the meeting where he informed the staff that they wouldn't get bonuses or raises?


Suzanne

The CFO's actions were not very wise in light of the announcement. I hope that his was an honest error and not intended as a slap in the face to the employees.

 

[Mackey Mouse]

"Loyalty schmoyalty. It simply doesn't exist."

Good line, because no matter how loyal, how many years you give to your job, and how much money you make the company, I am hear to tell you it comes down to dollars and cents in other people's pockets....not the workabees....You devote your life to a company and when you are sick, they turn their back on you...

I am so sorry that happened to you DisMN...I just think that is inexcusable. I do believe in karma though and you may not see it in your lifetime, but what goes around comes around. For shame on his company...for shame.

 

[Disney Doll]

"Loyalty schmoyalty. It simply doesn't exist."

Good line, because no matter how loyal, how many years you give to your job, and how much money you make the company, I am hear to tell you it comes down to dollars and cents in other people's pockets....not the workabees....You devote your life to a company and when you are sick, they turn their back on you...

I always tell my new nurses to do a good job for the satisfaction of doing a good job and caring well for their patients. I also tell them to expect nothing from the hospital other than their salary and benefits as outlined, and to remember that those can change at the whim of the Senior Management.

I also tell them never to think that the hospital can't live without them, because 5 minutes after you walk out the door, no one will remember your name!

 

[Tigger_Magic]

I always tell my new nurses to do a good job for the satisfaction of doing a good job and caring well for their patients. I also tell them to expect nothing from the hospital other than their salary and benefits as outlined, and to remember that those can change at the whim of the Senior Management.

I also tell them never to think that the hospital can't live without them, because 5 minutes after you walk out the door, no one will remember your name!

I learned those lessons from my first job -- working at an Arby's Restaurant. Well, actually my dad taught me the 1st one (work hard and do a good job for the satisfaction it brings you).

Employees at every level, including CEO, CFO, CIO, EIEIO, are basically expendable because there's almost always someone younger, smarter and better looking waiting in the wings. Don't ever allow yourself to think you are indispensible.

You are right... at Cheers everyone may know your name, but leave a job and it is amazing how fast you become "Joe who?"

If you want a paycheck, get a job. If you want loyalty, get a dog.

 

[Bob Slydell]

We don't know what his personal goals may have been. His main objective for the year may have been to become Sarbanes Oxley compliant or something else entirely... as I said Exec bonuses are NOT always tied to plan, whereas a typical associates' bonus may be.

That, or there could be various levels of bonuses he could have acheived and the amount he got was a lower tier.

 

[Hercules10]

I also tell them never to think that the hospital can't live without them, because 5 minutes after you walk out the door, no one will remember your name

I disagree...the blame for EVERYTHING that goes wrong goes on the person who just left.

 

[cardaway]

We don't know what his personal goals may have been. His main objective for the year may have been to become Sarbanes Oxley compliant or something else entirely... as I said Exec bonuses are NOT always tied to plan, whereas a typical associates' bonus may be.

Based on what I have seen there is going to be many people getting bonuses for JUST getting SO compliant. Wasn't an easy task.

 

[KAMLEM]

The bottom line is that you are just a number - at least that's the case with most big companies - and you are expendable. I used to work at a large investment firm and every year the CEO's bonus was published in the newspaper. It was millions of dollars and it went up every year, even when we were losing business. Talk about rubbing it in your face!

 

[mickeysgal]

I disagree...the blame for EVERYTHING that goes wrong goes on the person who just left.

You got that right!

 

[Free4Life11]

That's why you have to find a way to stick it to the man!

 

[Tigger_Magic]

The bottom line is that you are just a number - at least that's the case with most big companies - and you are expendable. I used to work at a large investment firm and every year the CEO's bonus was published in the newspaper. It was millions of dollars and it went up every year, even when we were losing business. Talk about rubbing it in your face!

Information about chief executive salary and compensation is usually public record for many companies, especially publicly held ones. It's not that hard to find it and many papers publish it along with other year-end financial information about the company. I'm not sure their intent is to rub it in anyone's face, although for employees of the company that may be a side-effect.