There are still a lot of employees who have a very long tenure at Nike and have completely lost their drive. I can't understand what some of them are still doing here when they're unhappy while they have the option to retire. Is there a good reason for them to stay here that I'm missing?
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Retirement is a farce. Another poster quoted some really nice figures. If you weren't exceptionally privileged from the start you probably won't ever be able to afford not to work. I know a few of you made bank off houseflation in Portland, but even if you invest it and double it you still probably won't have enough to live debt free without a job from sixty-something to death at your current standard. Most of us are going to expire deep in the red and still working or join the hordes of basically-homeless seniors living in RVs and pretending its a choice.
The OP is talking about PK and JD right?
MAYBE the reason they feel miserable is the same reason most employees who post on here feel miserable and their AGE has nothing to do with it. Toxic.Nike.Culture. Nike can’t afford to walk tenured employees and fill all these key jobs with people who might be wicked smart but don’t know what they’re doing and have no one left to learn from. Have we learned nothing over the past 3 years??
I'd love to retire, give me a package. Yet, I wasn't. Not my fault I am still here.
27 year employee. After the OP's post I'm energized to stay longer!
New report out this week, to retire in the US comfortably, you’ll need 1.5 million to cover healthcare and cost of living…the V, A, and L band employees do not receive big bonuses or stock options; the average $$ in 401k for 45- 54 is 142k, 55-64 208k and 65 plus, 233K. Then add to that, covering college cost and senior care…we work until we can’t work any more. Retire…😞
ITT: Younger employees desperately asking ChatGPT for a sick burn
Because we built this company through the course of our life’s work and have watched JD dismantle it in four short years. We are ready to rebuild it into something we can again be proud of if we could just cut loose the ELT and the entitled lazy millennials.
What have you contributed?
Maybe we are trying to make it to a goal date/year! We have worked long and hard during good years and many bad years!
Dear OP,
As someone that fits the persona you described, I feel that your post has lot of validity and made me think of reason why I haven’t retired yet. There are numerous reasons that I can think of to not retire. But, the only reason I will retire is to fu-k your mom.
You know all those disparaging posts about younger employees that people get upset about? This is exactly the same except it’s about “long tenured” employees. Lumping everyone together and saying they are basically the same because of their age and tenure is ageist.
Not all long tenured employees have means to retire, or the desire to retire. Everyone is different, with life circumstances that may or may not support retirement. There are PLENTY of what used to be V, A, and L bands who don’t receive stock options or large PSP payouts where you can pay cash for a Mercedes the second week of August every year. (well, maybe not this year…)
No
- I don’t want to lose out on a large severance package that would help pay for health insurance.
- It’s not like retiring from working for the government where you have a huge Pension (PERS).
- My 401k has taken a huge hit
Sh!tpost
Being able to retire vs wanting to retire, are two entirely different objectives. Some people want to continue to work, not necessarily because of the paycheck, but because it gives them purpose. Or because they love their work. Nike has issues, no doubt. But suggesting somebody should retire only because they have been with the company for decades, is a form of ageism in and of itself. Poster’s pov is misinformed.
People don't realize that retirement is not an age, it's a number. Take your annual expenses and multiply it by 25. That's the amount you need to retire comfortably in the US. (And yes, you will have to add in healthcare costs if you plan to retire before 65).
This is a US based company. US has bad social programs for retirement and healthcare
I believe people will stay because they need support for those aspects of their life.
If you’re young- invest all savings for your post career life in US.
JD is doing less than the bare minimum required to run a company. He's getting 50mil. We are just leveraging our learnings from the best.
Why leave a job if current performance falls within Nike's expectations of employees? Yes, that bar has seemingly lowered in recent years, but why leave a paycheck and ok(ish) benefits for the alternative of living off savings or (if of a certain age) start SSI early at a reduced amount?
Don't hate the player...hate the game.
Please end your contract if able. There are a lot of contractors here that have no clue what’s going on and are only here to collect a paycheck.
For the quality of work we’re getting I’m surprised HR isn’t paying them in cash at the end of every day.
You obviously don’t want to be here. And you’re never getting a severance package.
Is there a good reason for them to stay here that I'm missing?
Why retire when you could take a package? Now maybe after the cuts and you don’t get cut… hang it up?
Healthcare