High-value employee departure costs quantified
7 Sep 22 7:25 PM · 4d ago · 128 comments · 1 source · development 7 of 7
A user shares specific case: company denied $500K bonus to sales engineer who built $3M training pipeline. Engineer left; pipeline withered within months. Follow-up notes company spent more on replacements than denied bonus, hired "three guns" unable to recover losses, while engineer now works at SpaceX pre-IPO.
“Company I worked for had a sales engineer/trainer who amassed a 3M training pipeline for their products. He wanted 500K bonus for that which was denied. He abruptly left and within few months the training pipeline withered. Company lost 2.0M to save paying him 500K.”
smedleybutlerghost.bsky.socialmcsquared.bsky.social Bluesky user initiating discussiontransitfossil.bsky.social Bluesky commenterpocketprogrammer.bsky.social Bluesky commenterkevindhull.bsky.social Self-identified CEO, Bluesky commentersmedleybutlerghost.bsky.social Bluesky commenter
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A few years back I wanted $10,000 more. My employer said no. My new employer offered $80,000 more. And then I received another $12,000 in raises soon after. Seek and ye shall find. And then some.
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This seems to be common across most industries. I know so many people who left their jobs because they couldn't get a raise, their jobs were too demanding for their pay rate or both and when they leave, 2 people are hired to do the same work they were doing.
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A billionaire will spend $300 million on political ads rather than just pay $3 million in taxes. This says a couple things... $300 million is nothing to a billionaire, and they desire to exit society while still benefiting from it. (AN ACTUAL PARASITE)
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Weird how giving employees a raise as appropriate is problematic but millions for CEOs isn't.
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Company I worked for had a sales engineer/trainer who amassed a 3M training pipeline for their products. He wanted 500K bonus for that which was denied. He abruptly left and within few months the training pipeline withered. Company lost 2.0M to save paying him 500K. This is who you dealing with.
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This. They are multiplying that number in their heads.
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when Dad got out of college he was a plant manager in a furniture factory -other than the Principals the Master Joiners were the highest paid employees in the company Dad was basically a clerk the experienced Tradesmen-were the ones that made everything work ...now bean-counters think they do
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Gotta say love this Took the last couple Friday’s off Now I’m like living and thinking 🤔 This is so much better
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Servers them right They didn’t deserve you!
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You can’t explain anything to people who take labor for granted. While stumping for a raise for an essential asset I was told “they control their paycheck”. I asked “so what more could they do?”. I was told to “wait until next year”. I immediately started looking for a new job. It’s a class war.
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They went through three hired guns to try to revitalize it but it never came back close to that. Who even knows what that cost? He had some mojo and was only in his late twenties. The funniest part is company doesn't really even exist now and he works at SpaceX (pre-IPO).
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Employee 1 asks for $4 K New employee gets 9K MORE than Employee 1 ASKED for Company spends $6.5K on recruitment Company spends 4,000 + 9,000 + 6,500. Company spends $19,500. Right?
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It's a talking point. Business and government do not have the same goals or serve the same purpose.
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It happens everywhere. I worked in Academia and NFPs my whole career. It's amazing how many dollars it costs to save a dime... At a boarding school in ME, the Headmaster would scream at everyone to turn off lights, yet he kept the Hockey Rink running ALL the TIME. Even in Summer. No students there.
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Corporate efficiency? That is a contradiction in terms if there ever was one. Most corporations seem to function on that same type of thought process across all industries and services. Employees just shake their heads and wonder how the company has survived with that type of thinking.
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Yup. A class war where one class has the money to waste to protect itself against intelligence and skill...that's not a long-term strategy, but they're short-sighted people.
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JFC just shows you how stupid people in upper management are They have never had to actually do the job that worker did Glad Karma cost them much more 👏
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And they made damn sure everyone knew that a raise request was met with extreme opposition, at any cost.
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Also: Corporations are not efficient or innovative. That’s just a myth put out by corporations.
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Nobody tells us what to do. It’s better to get a tax write off than support great staff
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If you give it to one that asks, they all will ask. That's the mindset.
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An old book, "Labor and Monopoly Capital" (-Braverman) makes the point that, push comes to shove, management/labor workplace struggles are less about wages & benefits and more about management control of the workplace. Efficiency & productivity will be sacrificed by management in favor of CONTROL.
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They are stupid in many ways. I was hit by a car on my bike. I just wanted a new bike. $3k. They played games and screwed around. Final settlement: $15k. Dumbasses. Most of the settlement came from the days of delay @ the rental rate per Ca. law. I kept telling them it was costing them, lol.
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A practice I’ve adopted in recent years to protect me from this is, in any big-ticket business transaction I’m considering, I check the reviews for that business AND set the sorting to feature the RECENT reviews. That makes any recent management change clearly visible.
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