Thread regarding General Motors layoffs

The true cost of disgrunted workers

A recent Bankrate survey of 2,417 US adults found that Gen Z was more likely to report quitting a job and getting a new job in the last year than any other generation. It also found that 55% of Gen Z workers report they are “very likely” to look for a new job in the next 12 months, versus 43% of millennials, 28% of Gen Xers, and 13% of baby boomers.

Replacing a single employee can cost one and a half to two times that employee’s annual salary, according to Gallup.

https://finance.yahoo.com/news/gen-z-are-the-most-disgruntled-workers-and-thats-a-problem-for-employers-150517925.html
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Since I know that management reads these posts, I'm hoping they take notice of this one. If that's you, please read the article linked above! Making people miserable, not investing in them, disregarding their contributions, etc will cost you! If you think "a small vocal minority" makes up the people who dislike working in the office, you seriously need to think again. Over and over, I'm hearing from people who find it very difficult to be productive in the office. Most will tell their peers that they fully intend to do less and give less if forced to work in the office more. Think about it and know what you are asking of them and what the repercussions are.

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| 1431 views | | 4 replies (last July 6, 2023) | Reply
Post ID: @OP+1nqMEjRf

4 replies (most recent on top)

Don’t forget about virtualization and AI. Both are very, very important to management!
Can low cost workers compete with technology that can outthink and outwork them at a lower cost? With more efficiency? Can you?
It’s a race to the bottom. AI is the ultimate disruptive technology.

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Post ID: @3elp+1nqMEjRf

The goal is to move these jobs to LCC (low cost countries) !

Do not kid yourself - exec's need even more of a bonus !

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Post ID: @2pzx+1nqMEjRf

So while NCHs work cheap, they're expensive for the company in the long run.

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Post ID: @1ewo+1nqMEjRf

The goal isn't to replace anyone right now though, company's are actively trying to foster attrition to avoid the bad publicity and severance of a layoff.

Imagine how much cheaper it is for someone to just volunteer to give up 12+ weeks of pay and benefits, possible accelerated vesting, returning all their unvested equity to the new hire bucket.

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Post ID: @1znv+1nqMEjRf

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