Somebody in another thread mentioned that they left for pay that was 30 percent lower than what they got here, and I have trouble believing that. This is not an ideal workplace but is it that bad that'd you'd be willing to reduce your pay so much (I can get behind 10-15 percent, but 30?) just to leave? Do we work for two different companies?
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Working everyday with people that are not at each other's throats is a pleasure. Competition for diminishing jobs (at Raytheon) is not healthy or satisfying.
There are great companies out there that treat their employees with respect (Raytheon is not one of them). People that escape the clutches of Raytheon are usually much happier.
Knowing that your friends just got laid off and 6 months later they are hiring new, cheaper employees is demoralizing.
From Google's own definition:
What is a friendly merger?
In a friendly takeover, both shareholders and management are in agreement on both sides of the deal. In a merger, one company, known as the surviving company, acquires the shares and assets of another with the approval of said company's directors and shareholders.
So really, even reading between the lines of a merger there is no such thing. It's just a takeover done in a nice way for the shareholders not for anyone else, and that's about it. Anyone that bought into the language of "Friendly Merger" was naive, and I feel sorry for them.
They even made a slow transition of all executive positions over to heritage UTC people thinking we wouldn't notice? I've been through a takeover before, so I knew what was coming and left early. I just feel sorry for my co-workers that didn't heed my warnings and thought it would just be business as normal.
Money isn't everything so absolutely I will take a reduction. Work where you can fulfill yourself and use your gifts unless money is the only thing you love in which case sure, stay there and make them richer-but money will not be fulfillment ultimately. I know this because I quadrupled my salary over 20 years there and was still not fulfilled at that place.
I left before the Merger was to officially happen. I believe I took about a 22% reduction in pay.
To answer your question yes, people will leave if the environment is poor enough, or if they know by previous experiences (speaking for myself) that it will get that way. Speaking for the latter those people have been coined "Rats" because they're the first ones to "jump ship" at the first signs of trouble. I'm a Rat. ;)
If you make your professional choices based on pay then you'll probably make bad choices in your attempts to "keep up with the Jones".
This posting is probably from an inexperienced HR person, trying to get a sense of dissatisfaction for corporate.
I left for a 100% reduction. Taytgeon is a sh-t company. Just heard that come April or May, Hayes will be requiring vac or your gone, no exemptions, period. Good luck with that sh-t ho-e.
Nice, I was full time on-site my new job is no where near as technical or in the same field but much more fulfilling at this point.
Let me reverse engineer this 30% thing. I don't get paid that much now, but I am able to work remotely anytime I want to. So I come on-site only if I have to perform experiments in the lab. I have already been offered 30% more from other companies, but the "no remote" clarification was the one reason I denied their offers. So yes, I indirectly accepted 30% less pay!!!
I tell you I am one who said they took the pay cut and yeah slightly over 30 percent reduction in pay is what I took to get away from there, the micro managing mixed with the “you’re not doing enough, or you’re not making the impacts we want to see” attitude of the department manager all while going above the duties of the grade I was at, it wears on you and I know my department wasn’t the only one like that, issos usually get the same treatment from my observations, which is why they have such a high attrition. Like I said before started off great but nose dived once the merger happened, they chopped our department up and brought in people that had no idea or want to do things the way they were, and we were doing great before.
Every manager and situation is different. If I was having to drive into an office and work for some micro-manager tyrant, I would accept 30% less to not do that.