2 weeks ago our campus lost a 6+ year top producer making over 100K for "compliance". Welp, yesterday it happened again, a great guy who is battling brain cancer and also was making 100K wS walked out. For what you ask? COMPLIANCE! sad part is these are the same gaps that 40K employees get written warnings for. That's 2 from my campus in 2 weeks. What's happening here? Did they forget how to be complient? Is HR done turning a blind eye? Is this the easy way to salary dump? I'm going with #3. Because I am an underpaid non-admissions employee I feel safe. If you are a big salary matrix rep I'd be very concerned.
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Hmmm...for profit is to make a profit with the head minions being tnelson and ewest...seriously...the business model of 2007 that spawned multitude of pending lawsuits that gave way to the downward spiral with no return of being legit...unless you think T Rex with return then EDMC will also...KKR will get whatever it can seeing that it lost all of it's investment long ago...students are figuring it out with other leeches that will also raise their student loan debt with a creditable degree to show for it. If not keep drinking from the EDMC Kool-Aid machine....ps posers need a real job other than trolling. WORD
@ Business Man - yes, the point of business is to make a profit, but SUCCESSFUL businesses hire quailed people and retain them to do the job even when the waters get a little rough. They dont throw the crew overboard so that the first mate can continue to enjoy his fancy meals with the captain. Who's going to trim the sails. And as we can see from this very company, their business plan ad depleted their stock, liquid capital, skilled instructors, public reputation and led them to the brink of bankruptcy.
Why would the people making the decisions cut themselves to save the low hanging fruit. Your on the front line for a reason!! To take shit from the students and to take shit if there needs to be cuts. A business is not in the business of job creation. A business is in the business of creating profits!!!!
Don't all those Deans, Presidents, and so on at each campus make over 100,000? Lets see, 110 school x 100,000 that's about 11 million dollars! If they were smart, which they are not, they would loose these figurehead titles across the board and recoup that money overnight. I never saw the Dean do anything where I was at, would be the easiest one to cut.
Hmm, 100,000K? No professor there is making that. Most are making half that or less. I feel bad for the guy with cancer. But to all those that say For-Profit is just like non-profit here is a perfect example of how it is not. Regular state colleges and universities, and even private non-profits have students banging on their doors to get in. While they may have a recruiter or two, they dont make 100,000! And they dont have a robot army of recruiters either, maybe one or two.
Complete Salary dump. These guys making 100k+ are doing so at a company that can no longer sustain that type of payout.
Admission reps can make a lot more than full professors at The Art Institute.
Does anyone else think it's a bit troubling that an admissions rep. makes 100K? I thought for profits weren't supposed to pay based off of how many students a rep. Enrolled? "Top producing" refers to top enrolling I believe.
If you cut your chancellor, you can save 3 producers. or 10 bodies to fill chairs. Just think if you keep a producer and fire JG (non producer).
Damn, with brain cancer? That's cold. Whose campus? Office Banger or Sir Punch A lot?