Thread regarding General Motors layoffs

What do you wish college hires knew?

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| 1642 views | | 11 replies (last June 13, 2022) | Reply
Post ID: @OP+1gVs3CKH

11 replies (most recent on top)

BS, there are many roads to layoff for new grads. Many have nothing to do effort or ability.

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Post ID: @inyh+1gVs3CKH

If you're fresh out of college with no experience, you're cheap and you'll probably get through layoffs with no problems.

The more years you spend there, the older you get and the more raises you've had, the bigger the target on your back gets.

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Post ID: @hkhw+1gVs3CKH

What they need to see is a few of these responses so they can get out of the company ASAP.

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Post ID: @5sqq+1gVs3CKH

I just read the comment below about college brats. I have one thought.

At a good company, the more experienced employees are mentors that guide the new employees. They help young people grow competence and give them a chance to be proud of their work.

At GM the more experienced employees call you names and let you fail so they inevitably have to come to your rescue. To them, it proves their superiority. Meanwhile the new grad has their self confidence destroyed so making them look bad is even easier. Eventually, they get angry which is when you get the "if you don't like GM, find another job" stage. Once this happens you either get a new job, get laid off, or suffer. This is not a hypothetical situation, this is how things actually work at GM.

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Post ID: @5afd+1gVs3CKH

They have to layoff as many young as old. If you get laid-off you lose your 401k match if you don't have enough years in. So if you go to GM plan on possibly losing your job as well as that benefit they promise you.

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Post ID: @4ugj+1gVs3CKH

Salaried employees are eligible for an HSA. GM will provide $1500 if you complete an annual, this will supplement your $1600 deductible. Henry Ford is an excellent provider for the Michigan plan, but the wait times are exceedingly painful; I would suggest BCBSM Basic for the health insurance.

Another consideration, if salaried and remote, please be scheduled as such. The City of Detroit, the headquarters, has a 1.225% tax rate for all Detroit employees. If you're working remote, you are not required to withhold that 1.225% - meaning you can get a very sizeable refund if properly denoted.

The last thing, it takes 5 years to become fully vested in the 401(k) program and 2 years for the relocation package. If you leave before the 2 years, you are responsible for the relocation money. Likewise, if you leave before the 5 years, GM's contributions to your 401k will be clawed back. Plan accordingly.

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Post ID: @4kzn+1gVs3CKH

Your best bet is not to come in as a college brat. No one takes you seriously, even if you come in with a high profile degree, aka Kettering. Skill and talent isn't learned by degreed programs, it's learned by putting your feet to the fire in a real working experience.

Our last high school grad on rotation was given an assignment, and had it not been caught, would have cost quite a pretty penny. Not my problem. But yes, in the background, I was one of two that saved the effing day, like always.

I love this stuff. There is no replacement for skill or experience.

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Post ID: @2saq+1gVs3CKH

If you want to do some engineering, go to a supplier. If you want to push around spreadsheets and PowerPoint presentations, go to GM. If you want a stable job, don't go into automotive.

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Post ID: @1vhf+1gVs3CKH

If you're competent or talented, it'll rain work on you, and you might think your efforts will someday be rewarded. But ... think about what you're really getting out of the job, in the current time frame, and don't stay any longer than you want or need to. If other opportunities seem more rewarding or interesting, pursue them - the payoff will probably be better elsewhere.

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Post ID: @emi+1gVs3CKH
  • lose your 401k match
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Post ID: @vjg+1gVs3CKH

The newer you are the less valuable you are to managers. That and if you don't have enough years at the company, you lose your 401k.

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Post ID: @hsh+1gVs3CKH

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