So it has been posted for general review. What struck me the most was the response about the steps being taken for PTO revision. Hiring an outside consultant and forming a ‘tiger team’ is extremely wasteful. Why gripe on a site about layoffs? Because it ties into earlier commentary in part two about operational efficiencies which ties directly into payroll and ultimately, layoffs.
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Barnes & Noble... Dollar for dollar!
They did nothing to ‘fix’ PTO. Instead they hired an outside consultant firm and formed a team to look into the issue. Not restoration of what we had, but throwing money into a pit with promises of nothing at all. I watched the same video, yes, only I’ve seen this dance before four times in a row.
Seriously, back to dollar for dollar 401 match up to 4% of your annual income like it used to be?
I don’t know what meeting you watched. The one I saw is giving us back our 401k match, a PTO that will be more in our favor, and someone finally stepping up to get rid of inefficient businesses and processes that will not help the company grow.
New book....Same story!
Come on folks. Did you actually expect anything different?
Once again, the failures of the C- Suite paid for by the working class.
One hell of a way to inspire an engaged workforce!
Remember you were asked to complete a survey a few weeks ago? Notice there is an outside consultant now?
This is how the C suite wastes money. Often they'll pay for the reshuffle that results by cutting benefits and layoffs.
Consider this, in a competitive hiring economy, what successful company is cutting jobs and/or cutting benefits?
“We’ve made some unfortunate decisions as an example around benefits in the last five years because of failure to perform as a business entity, so i am going to look at every single initiative that we have and evaluate every single one of them for appropriateness for us to continue to invest in” ....thanks Pat, that’s not distressing to hear at all. It’s feeding everyone below you to the crocodile with the hope that it eats you and the rest of the C-suite last.