The Commoditized Worker

 Here is a quote from today's WSJ:

“Most companies, if not all, could cut 30% to 50% of their workforce at any time and see no material difference in performance,” said Mo Koyfman, founder of the venture-capital firm Shine Capital and a former executive at the media company IAC.

This tells me:

1. Companies know that the difference in performance between workers is small and if they can save money in the short haul, then pick back up again when needed, the can with ease. This means the the worker has been commoditizied.

Thoughts are encouraged.

Job Offer- Negotiating

  

Job Offer- Negotiating

All of the below are subject for negotiation with most companies:

·        University Tuition Reimbursement

·        Professional Development

·        Day Care

·        Transportation Reimbursement

·        Health + Fitness (Gym Memberships)

·        Flexible Work Schedule

·        Vacations

·        PTO

·        Relocation

·        Title

·        Signing Bonus

·        Early Performance Review

·        Stock Options

·        Admission to travel clubs

·        Acceptance to Professional Organizations

·        Special Subscriptions

·        Company Cafeteria Allowance (not everyone works from home)

·        Office, Cubicle or Open Space

·        Technology Equipment (esp. if you work from home)

Job Offer Evaluation -Stock Options

 Job Offer Evaluation -Stock Options

As you are evaluating a compensation package with stock option benefits, take some time to learn how stock options work and what they might be worth in the future. Under that all option plans are not the same and the "dilution" is a factor that you will need to consider.

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Job Burnout

 Job Burnout has returned a major factor in performance-related issues (then again, did it really leave?) Factors:

1. Toxic Workplaces
2. Bad Management
3. Inadequate Compensation
4. Expectation of Superior Performance on a Daily Basis
5. Stress as related to COVID
6. Job Insecurity / Fear of Layoffs

60% of employees say they would consider looking for a new job where there’s a higher priority on workplace wellbeing.

Sources Bloomberg and Deloitte

Quote - Career Management

  “Be enthusiastically open to opportunities that come your way. Don’t rush to say ‘no’ but instead think about how you can make it work and how it can help your career down the line.” ― Jen Alvares

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The Toxicity of Today's Business Office - Part 6 (Employee Engagement)

 The Toxicity of Today's Business Office - Part 6 (Employee Engagement)

"Employee engagement arises out of culture and not the other way around" - Moe Carrick and Cammie Dunaway - co-authors - FIT MATTERS - HOW TO LOVE YOUR JOB

Everyone who works in an office can certainly validate this quote.  If the environment created by the head of the department is toxic, then the level of employee engagement is low (and visa-versa).  The boss creates the structure that enables employees to excel.  If the boss is in over his / her head (many of mine were) then coming to work every day is stressful and resulting in limited awards, hence less engagement.

Comments are encouraged.

Quote

 Confidence is an attractive quality to hiring managers / recruiters. Arrogance is not, far from it. During the interview process, speak clearly, stand tall, and believe in yourself — but stay humble. - A blending of two quotes.

The Toxicity of Today's Business Office - Part 5 (Poor Work Ethic)

The Toxicity of Today's Business Office - Part 5 (Work Ethic)

This applies especially to younger workers who, as a result of personal entitlement or poor training, continually exhibit lack of a collaborative spirit, work by their own rules, cannot be relied on to meet timelines or fulfill their basic job duties.  Compound these issues with more attitude, the toxicity in the workplace grows.  Common signs include frequent tardiness, procrastination, blaming others, and a lack of dedication. Addressing these issues requires clear expectations, feedback, and understanding potential underlying causes like poor fit or personal challenges.

Comments are encouraged.

The Toxicity of Today's Business Office - Part 4 (The Commoditization of the Employee)

The Toxicity of Today's Business Office - Part 4 (The Commoditization of the Employee)

People need to be treated with respect and dignity.  When cultural aspects of the workplace result in high turnover, lower than market pay, long hours, the absence of professional development and a general lack of appreciation, the workplace becomes toxic and unmotivating.  

This behavior has roots in the industrial revolution (environments that had a "sweat shop stigma" to it.  Unfortunately it happens now in many industries, esp. tech and healthcare.  Many employees cannot properly fend for themselves and are treated like a "number".  In the industrial revolution, this led to unionism.  However, in environments where many are college educated, unions have a hard time making inroads.  

Until employees learn to stand up for themselves, I see this as a long term issue.

Comments are encouraged.

More tomorrow..

The Toxicity of Today's Business Office - Part 3 (Overwork and Underpaid)

The Toxicity of Today's Business Office - Part 3 (Overwork and Underpaid)

Has your office an incredibly unbearable place to work?  If so, do not feel alone.  However, the fault lies with both the employer (labor) and management.  I will be posting about this subject for the remainder of the week and all of next week.  Stay tuned - I will have some good content for you to mull. 

Companies have created an environment of persistent pressure to produce deliverables despite unrealistic deadlines, lack of resources, lack of skills and more.  Employers expect long hours, often without adequate corresponding compensation.  Work rules are inconsistent, bosses create double standards that are unfair and promote favoritism.  Promises for merit increases are regularly broken.

Comments are encouraged.

More tomorrow..

Jobs Increase In March

 ***Since it is a holiday, I will return to the topic of employer / employee toxicity on Monday. But, let's end on the week with good news!

Job Market had a excellent month of March. The U.S. economy added 178,000 jobs last month, the Bureau of Labor Statistics revealed Friday. That's about three times as many as economists had expected. The unemployment rate ticked down to 4.3%. Healthcare, construction and transportation saw the most gains, while the federal government continued to shed jobs. Though the number of long-term unemployed didn't change much in March, that group accounted for more than a quarter of all unemployed Americans. The share of working-age Americans in the labor force fell to a more than four-year low.

Many sources, including LinkedIn News