I have a personal friendship with my HR. A few months ago he made a comment about the company putting an end to stock buybacks in order to drop shares low enough to attract a private equity firm. A year ago I would’ve thought he was crazy, but now it makes sense. If the company is bought, what changes will take place?
15 replies (most recent on top)
There trying to say there ads at the expense of there employees they don't get raised after all year working 8 day shifts they only get a quarter a year raise they fired good people because they made to much their products cheap it's not right did the only get a quarter raise in four years only got a dollar from them shifty hours and they want u to work your ads off they schedule u 5 3/4 so they don't have to give u a break what about the employees
Ask your sm or dm for the labor model for your store. Look at it with your eyeballs. Let me know how dumb I am when you’re done.
Omg first it's all ops going away, now ops staying and side seniors going away. Such speculation and rumor mongering from those who have no clue. Stop trying to scare people or guess what the plans are. If you knew for sure you sure as hell wouldn't be posting on this site.
The stores will go to sm and ops only. Hourly associates will run the floor. The side keys will be eliminated. That’s already happening. They aren’t replacing them. The store management count literally doesn’t allow for them. They eliminated lots of DMOps so the store ops will remain the only other salaried position. The company is staying equal in sales even with garbage sales floors. So they will eliminate that. That’s why the standards have slipped from looking good to customer service. That’s what allllll privately owned companies did. Look them up.
I disagree. The ops people are the go to people in the store. Many ops managers are great merchants but many side assistants can do any ops duties. Cutting out this position will truly hurt the core of the store. Make a change at the top.
No store needs an ops manager and the Company is finally catching on to that.
Why would you not need an operations manager in place to take ownership and protect the company’s assets?
I'm not referring to operation mgrs.....side assistants who had basic ops training when they were hired. And I'm not talking about a 10.00/hr associate either.
That answer about using an hourly had to have come from someone in district or regional staff. I’m sorry, but you don’t think that someone in a operations manager position remembers something they’re doing day in and out because “their training was a long time ago”?! Please!!! Our company is notoriously bad for cutting corners. Let’s not pretend this is something it isn’t.
This was HR’s exact response when we asked about the management structure in the store. NO! You do NOT give an employee making $10.63/hr ownership of operations. This is part of BBB’s current problems - scraping every last penny at the expense of making a profit.
The company should use a seasoned FT associate who is very knowledgeable in the ops area of the business as a third person. A lot of the salaried mgrs really don't understand ops because they are merchants. They sign off on paperwork that they don't know what to look for(ex. recg paperwork). Not their fault because their training was probably long ago. They don't know CIP or monthly reports. It becomes a domino effect.
B
What volume ?
That’s already been done in many stores. In my store it’s myself (Assistant) and my Store Manager. Ops duties are shared between the two of us and a full time employee.
Hard to tell. By looking at some other private equity buyouts I would say. A lot. The management staff would be taken down to a respectable (in retail) level. Meaning 1-2 salary per building. Private equity is all about making money. So take every bleeding artery bbby has and clamp it shut. That’s what it looks like.