Waiting outside my manager's office, I overheard a conversation today. Senior management are receiving bonuses on cost reductions. Specifically, a direct percentage of terminated salary savings. Your manager may not have your best interest in mind. Best of luck my friends!
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Voice says”Xerox in good shape, customer first attitude, employee number one asset.”
The voices you heard are in your head, seek help!
Not just monitor. We need an enforcer.
This board needs someone to monitor spelling and grammar.
U R funny!
U R funny!
uR funny!
and it's not "you're" as in you are. The author was showing possession.
“Your manager may not have your best interest in mind.”
No one should be this naive. And you should learn how to spell “you’re” so this thread will be happy.
"We're" = We are... @YVClmiA-icb
(sorry, but it you're going to be sarcastic/rude, at least use the correct word)
It’s called operating margin, i.e. the value of the work that your manager’s team does versus the cost to do that work. Most companies, even healthy ones, require managers to be within a certain range to meet their goals and, in turn, bonus objectives.
A more antagonist form is when leadership demands that each manager cut his/her team by a certain percentage. There was a lot of horse trading on this issue in early 2018 when the Fuji deal was announced as $1.2 Billion in cost savings was noted to make the Street happy. Each department was required to contribute. I was able to meet and beat my department’s objective by going after certain operational and administrative deficiencies without reducing headcount. In fact, I had enough room to spare to even cover a portion of another team’s target as I knew I would need their help in a few years to fund a few other changes needed.
Unfortunately, after the deal collapsed and Icahn Enterprise waded in, I was told to cut headcount by a specific percentage, period, even though my original plan with no headcount reduction would have saved Xerox more money than their plan. The reason is that my team is tasked with certain work that is legally required. It did not matter to them. They wanted a headcount cut no matter what. It was painful. Of course, instead of going out to market for said 3rd party vendor, I was then told by my boss that a vendor had already been selected, which to no one’s surprise, happened to be a subsidiary of Icahn Enterprises.
Did you think xerox was a social club?
It’s about making money.
Many in mgt have a payout for “profit”
Cut costs, raise profit, raise payout.
Not “little known”
Just not known by you.
Damn how come I didn't get that. 3/4 of my staff work got HCL now!
We’re you REALLY that naive????
Never confirmed but always rumored during my 30 plus years.