Although the problem if they don't do pay rises this year is that they will be forced to go and recruit which is a double whammy, the cost of recruitment and the fact they will have to pay market rates, which are significantly higher than the few remaining experienced staff they have left. It would be a lot cheaper, easier and less risky to reward existing, known staff but no room for common sense when you manage by spreadsheet.
I agree completely, @6roa+1mk2Lx2n.
@gch+1mNg474h you may end paying a penalty for all the harm you've done to people.
In life what you do sometimes returns to haunt you, you should have thought about the people and their families. As a people manager you should think and care.
@cfz+1mNg474h short term you are right. The appearance of competence is crumbling fast. Ask anybody that gets pulled into escalations and how well they go with regards to solving them.
Big accounts will pull in Mike and Jim for delivery issues.
Good luck to us all.
No @cxe+1mNg474h I don't think our leaders care, they are only interested in their own rewards but I do think even they might notice when one account after another has major issues due to fed up staff. They need at least the appearance of competency to sell their BS.
This is 100% what is happening:
'genuinely think that this year the wheels may well come off the bus, due to the way DXC is pretending there is no reward problem'
You can already see it from the boots on the ground, the tone in account and team meetings. Resources are not taking calls. Resources will not say OK boss glad to work another weekend for you. Things will get real, real fast this time.
It’s a disgrace that my prior company has money for another 1 billion dollar stock buy back and giving away hundreds of shares to excutives for zero dollars, but no money for merit increases for employee’s that met and exceeded their goals year in and year out.
Glad I Retired when I did, but feel bad for the team I used to work with
Don’t just post here , post on twitter. Facebook , Linkedin , etc
https://lnkd.in/gzkwB5f7 come on stop being such a douche·bag
SEC filings can be found
https://investors.dxc.com/financials/sec-filings/default.aspx
Do you really think Mikey and Finchy care if the company progresses or not? They don't give a ... about employees, shareholders, or customers.
They will get thier rise every year, they have done it without fail so far, even taking money at the same time telling everyone else that there no money for others.
So if it means paying 1.5 times the salary for new hires on top of recruitment costs they aren't bothered, but for sure they won't give you a raise, they are stupid in a sense, but the ultimate game for them is to take thier money and they are succeeding at that.
As I posted that originally I have to agree :)
I genuinely think that this year the wheels may well come off the bus, due to the way DXC is pretending there is no reward problem. I've had more conversations about reward this month than in the previous 6 years of DXC's existence. Might not be accurate but it certainly feels like it.