Which one is the most important factor in layoff, is it age or salary.
Two guys with same work function - one is 60, the other is 25.
The 60 year old guy earn less than 25 year old guy.
14 replies (most recent on top)
"Age. People seem to think that new hire make less than old-timers - that's just not 100% true."
So...salary lol
@a2 It actually makes sense to hire older employees because they know they won’t stay around for long. WF gets the short term help they need without the risk of paying out severance.
Age/tenure. They don’t want anyone around who can see through the bs, and especially ones who are brave enough to call it out.
It’s not the money. They have plenty to pay those that they want to pay.
Age. People seem to think that new hire make less than old-timers - that's just not 100% true. Does it happen? Yes. However, most new hires seem to be from JPM and they're not coming over here for what I was making.
Whether or not you are in the DEI pool.
It’s all about the money.
@a2
"Has no value"
"it might retire"
Wow. Is that how you see that demographic?
Typing in all caps is the number one signifier that you are next.
Weight carries the most weight
The ages and roles are shared in the severance package and age stood out the most … 99% were over 40 in my separation paperwork
Way more to it than this. You can’t determine either persons value based on those two metrics alone.
The employer has detailed information related to turnover, tenure, etc that absolutely play into this. It also depends on the industry and positions of the employees in question.
Imagine this : A jr tenured (say 2yrs employed) 25yro who’s pay may be higher than the 60yro but where it still falls in the lower end is probably more likely to leave either abruptly or in the near future for Better opportunity. Whereas a reasonably paid 60yro is willing to ride or die because they’ve seen some things. Making the 60yro more valuable than the 25yro for stability.
the 60 yo has been getting 1-3% increases each year their whole career whereas the 25yo comes in at market rate and as such is making the same or more after a few years.
Salary. In the real world, I doubt this situation exists. The only case would be that the 24 year old has more experience than the 60 year old, which would be extremely rare. This assumes everything else is cet. par.
The 60 year old has no value to the company as it might retire in the next 3 to 7 years, so it is a target regardless.