I think very few people would rather quit than get vaccinated.
However, I do not believe that the leadership has plans for how to replace these people.
By way of cause and effect more people will leave because they will not be able to endure being overwhelmed with work since we are already understaffed.
They seem to be unaware that there are fewer and fewer of those who want to work here.
That was a common theme through all of covid. Destroy the economy and avoid hurting obese people's feelings.
Crown is the laughing stock in the industry. Only 50 people were brave enough in the whole company to stand up for themselves.
Now that Crown is not requiring submission of the vaccination proof and in the coming weeks all Covid related signage and temperature stands are going to be removed, are the 50 Freedom Fighters going to get their jobs back.
Crown states "continue to take care of yourselves"...meanwhile 75% of the company is obese...have they mandated any health or diet programs. Maybe start focusing on that instead mandating a vaccine that doesn't work and reorganizing the company every six months while the whole industry looks on in embarrassment.
“I'm surprised that 50 people quit. This thread made it sound like getting a religious exemption was easy.”
50 people quitting is only 1% of the company. That’s normal attrition.
Wrong. The company decided to dispose of them. You sound like you’re glad you have first-class tickets on the RMS Titantic.
They chose to quit. A religious exemption was easy, I personally know 8 people that have them and spoke to them about the process. Also as someone else pointed out, at least 9% of the company got one.
I'm surprised that 50 people quit. This thread made it sound like getting a religious exemption was easy.
"I wonder why this post was down voted. Isn’t it a good thing that people don’t quit? That’s less people that the rest of us remaining will have to pick up the slack for right?"
That's a disingenuous response and you know it. The post was downvoted because of the rude verbiage and uninformed content.
Yes, everyone is happy to avoid a sudden increase in workload.
“ Looks like the mass resignations never materialized. I guess all of the anti vaxers wil be walking around the office with their tails between their legs. HA!”
I wonder why this post was down voted. Isn’t it a good thing that people don’t quit? That’s less people that the rest of us remaining will have to pick up the slack for right?
At least 9% of the company got exceptions.
Looks like the mass resignations never materialized. I guess all of the anti vaxers wil be walking around the office with their tails between their legs. HA!
Couple of things about this last post…… 1. 30k per year in RSU is about average for a 7E. Much for for 8 and above. 2. The RSU is in addition to the cash bonus. So a 6E get a cash bonus of 15 percent, 7E 20 percent, 8E 25 percent, and so on.
So a 7E making say 130 a year will get about 26k in cash bonus and another 30k in RSU. Total compensation close to 190.
“ Crown 401ks fully vest after three years and we can only invest a small portion in Crown shares. How could you have $200k in unvested RSUs?”
The RSUs are long term incentives. Each year, if you are granted them, they go into an account that you can’t touch. Each year after that, 1/3 of that money becomes available. So at any given time, you can have about 2 years’ worth of RSUs that you can’t touch if you leave.
Easy example, each year you get granted 30k RSUs (not likely, but go with it). Year 1: 30k in bank. Year 2: 60k in bank, but you can cash out 10k of the Y1 RSUs (60-10=50). Year 3: 80k in the bank, but can cash out 10k each from Y1 and Y2 (80-20=60) Year 4: 90 in the bank, but you can get the last 10K from Y1, second 10K from Y2, and first 10K from year 3 (90-30 = 60. And so on. Essentially after 3rd year with company, you would always have 60K to lose each year if you leave.
Now that is oversimplifying things because your deposit is different each year, the amount is in stock, so the price will fluctuate, and you get dividends each year that you can cash out.
So when people say “Golden Handcuffs,” they mean that you are stuck with the company until/unless you are willing to forfeit those RSUs when you leave. 6e and above have this and that’s why many don’t leave. It’s nauseating to think thirst you’d lose all of that money you’ve earned.
That one reason it’s better at the lower pay levels to not get RSUs. Instead of the golden handcuffs, you get your cash bonus. I’d rather just get my smaller payout each year, because you will ALWAYS leave the invested RSUs on the table. It’s a carrot on a stick that you cannot reach. Imagine having 2 years worth of bonuses floating out there but not being able to access them…ever.
Read the EO and regs, : @1alk+1d57Yg99. I am remote so looked up and confirmed I am covered. Doesn’t matter if you are in office or not.
It was great before Jay, Laura, and the fiber companies.
I hope many leave due to the mandate - but the reality is that most won’t. So they’ll get the vaccine and probably be laid off in 6 months anyways. I miss when this company was worth working for
Crown 401K’s are immediately fully vested. The RSU’s take 3 years to vest. 6E and above have RSU as a standard part of their employment contract.
Just so we’re all on the same page. I think it’s disgusting to dangle your 200k of unvested RSU’s @1txv+1d57Yg99 in front of a lot of hard working individual contributors. Managers have no right to be in the position they are in with such little tact among other numerous soft skills.
I know these forums are littered with redundant middle management and HR - this thread is undeniable proof. I guess they think if you can’t get them to leave with a vaccine mandate - maybe they’ll leave out of frustration when they hear how terrible their pay is in comparison to the talking heads in middle management.
We can all feel it in the air - that Crown is planning a reduction in force. We can all feel the stock market is unstable. The stock price isn’t associated with how well we do financially - it’s an indicator of how the rich investors feel. When the market crashes the investors are going to sacrifice the small payout dividend stocks for growth stocks. When a whale gets out of the pool, the water sloshes hard. The market is frothy. The greedy whales only care about money - not stability.
Get your exemptions and keep your job. Make Crown pay you to leave. They give the C suite golden parachute, middle management gets golden handcuffs, and the individual contributors get brass bu-t plugs. 200k in unvested RSU for just one of 500-1000 employees, and what are they planning on giving you? You have put in more blood, sweat, and tears than those 6E’s + ever will.
@2noc+1d57Yg99 pay grade 6E and higher get RSU along with the bonus. Golden handcuffs.
I know a few 8Es who get about 50k+ in RSUs per year. It’s easy to rack up a lot of invested RSUs. Having 200k of invested RSUs is easy to obtain.
I know a few 8Es who get about 50k+ in RSUs per year. It’s easy to rack up a lot of invested RSUs. Having 200k of invested RSUs is easy to obtain.
Crown 401ks fully vest after three years and we can only invest a small portion in Crown shares. How could you have $200k in unvested RSUs?
If anyone directly involved in working on a federal contract is required to enter government grounds or personally interact with government employees, it can be understood that vaccination is a requirement under the Executive Order. But if not, shouldn't WFH still be an option, as the unvaccinated employee would not be sharing a workspace with any other Crown or government employees and thus adequately satisfy the protective intent of the EO? Wouldn't the EO also still be satisfied if all remaining unvaccinated CC employees are given the option to stay employed if they agree to exclusively work from home? It could follow that only vaccinated employees are permitted to work in CC offices and, to further protect themselves since the vaccines are not 100% effective, CC could insert a liability waiver in the employment-at-will contract stating that all vaccinated employees choose to work in the offices at their own risk. If the employees do not wish to assume that risk, they should also have the option to work from home if their job description does not require physical presence at the office (as it was already proven throughout lockdown that most don't). Wouldn't this change in strategy allow CC to obey the mandate, still keep most of their workforce happy and employed, and reduce our real estate spends, to boot? It is possible to meet in the middle on this.
This is a good point, OP. The unintended consequences of the cascade are not trivial. Can a price really be put on institutional knowledge that walks out the door? Is Business Support really prepared to recruit, screen, and interview that many replacements? What effect will this have on an already hemorrhaging stock price?
Just get the vaccine, don’t you care about your fellow human beings??
Agreed. However, I’m staying for the RSUs. I’d lose too much money if I quit over either the vaccine or the additional work. I have 200 grand that hasn’t vested yet. I’m not losing that kind of money over something stupid.