When exactly is it that Corporate America decided that giving little or no reward at merit increases time and time again was a good thing? Where have we gone when companies have decided that they are not going to invest in their people anymore? When did it become acceptable to companies that they try to replace really good, knowledgeable people with young, no experience lower paid help? Why do companies not see the "value" in experience and the time/knowledge investment they have made with their existing employees?
It is my belief that they just don't see people as assets anymore, and that, quite frankly, is a very sad state of affairs indeed!! I believe that there should be studies done on how long it takes for a "new" employee to catch up on to where the "older" employee has left off! I also believe they should do a study on the "soft dollar" cost of "enterprise experience" within an organization is WORTH! I think they are missing the ball on understanding how much they lose when they let long-term knowledgeable employees leave because of a few measly % points for merit increases!
It is determined the cost of living goes up 2.5-3% every year or more. So if you haven't had a raise since the downturn of the economy in lets say 5 years, then you would have LOST 15% of your salary to cost of living. And companies are finding it acceptable to give 1-3% raises to their employees year after year after year.
Sad state of affairs is what I call it.
Shame on corporate America is how I see it.
People are valuable assets - shame on corporations for not noticing.
I think there will be some "damage" to pay really soon when the economy picks up. Employees under this "bad economy" umbrella are being treated like servants and slaves and companies are taking full advantage.
I only truly hope that they pay the price when the time comes...
Thanks for listening....
No comments:
Post a Comment