OFFER VWO
merger problem SOLVED !!!
11 replies (most recent on top)
then offer an "incentive VWO " for your "targeted group"
the 2020 VWO had conditions attached (not negative conditions)
Need a lesser version of VWO. Maybe 200-300.
And let the younger ones have their careers
"If you don’t think we have any under performers left - you are an under performer."
Define underperformer? This term is so subjective it's laughable. it's "code" for I don't like this person anymore, or they are getting in my way. Or better yet, it really means I want to reduce my payout in severance by saying they aren't doing their job well limiting my company liability to law suits.
under performer is a BS term .... if you can't actually apply quantifiable and measurable statistics consistently across all employees it's BS. One person's under performer is another persons meeting expectations .... one persons meeting expectations is anothers over-achiever .... one persons over-achiever is another persons under-performer.
they offered the 2020 VWO after the spectra purchase (2019)
800 employees accepted the offer
now is a perfect opportunity to offer a similar option after the dominion purchase
2020 VWO cost a fortune???
but they were still able to purchase dominion energy in 2023 for MORE THAN A FORTUNE!!!!
I don't think you will ever see another 2020-style VWO program. They paid a small fortune to many older employees who were near retirement anyway. Not sure what motivated that move? Because it was voluntary none of the duds participated but many really good performers took advantage and left. My boss at the time left with 2 years of full pay plus bonuses and then they offered him to stay on as a contractor! I guess it was just a numbers game maybe?
If you don’t think we have any under performers left - you are an under performer.
"Just cull the herd. Plenty of under performers."
I hear this all the time - it's just corporate nonsense. Let's cull the underperformers - and it's all BS. This originated from General Electrics heyday, when Jack Welch ran the company. Where is GE now? It's a history lesson on corporate failure.
We are not at the point any more where there are under performers - most employees have advanced degrees (multiple in some cases) and 99.9% of people are extremely driven to succeed. Low Level analysts have graduate degrees .... in some cases these people are more educated and knowledgeable than the people in charge.
No one who gets fired any more is an under performer - they are just a casualty of profit margins. The shareholders want more and more at the expense of employees and customers.
For the most part someone who is let go for underperforming is a victim of losing a management popularity contest. Most of are leaders are sociopaths.
apparently company already have better solution for themselves for cutting people, see the latest email about retirement medical benefit cut, that will force most if not all people above 50 to retire within next 5 years and company doesn't need to pay anything. Way to go, Enbridge.
who will be offered buyouts when you finishing "culling"" the under performers"
or WILL THERE BE ANYONE LEFT?
They can’t afford to offer buyouts to the people who have choices. Just cull the herd. Plenty of under performers.
The writing is on the wall for my department. We are cooked. Just waiting for the hammer to fall.