This results in a ~10,000$ pay cut to each team member on one of the most talent rich and senior teams in Service and Support. Why you ask? Well not to save a measly $550,000/year. Thats half of an X+ if you're interested. It was to align global roles. And the call came from inside the house. This was all done by a leader within the organization. Will we see a mass exodus of talent and experience leave Illumina as a result? A 10K pay cut in today's economy could break some. Remember we also lost annual RSU grants too.
Posts mentioning hashtag #allowances
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Mention #allowances in your post to continue the discussion!
Expat compensation is a joke
It is becoming more and more of a joke.
- Housing allowances that are insufficient to pay for housing and are even less that what our EPC contractors pay their employees
- Premiums in war zones that are less than half of what the premiums were only a few short years ago.
Big Spenders
Are some execs just getting a slap on the wrist for abusing their expense, per diem, and allowance accounts? I saw hints of it, but I can't tell for sure.
That's the tricky culture in action.
Market Factors and Rotators
Does anyone have any reliable information about how the Edge Project may affect Cost of Living allowances (Market Correction Factor) and rotator travel allowances for Kennedy, Alaska etc.?