Thread regarding Sears layoffs

The golden handcuffs

Some employees might be staying because of what is known as the 'golden handcuffs'. At H.E. HQ, some folks were hired with an above average pay or were promoted into positions they normally would not be qualified for... so they would either join the company (or) stay on and not quit. I am sure when they looked around for other jobs they realize they would have to take a large pay cut if they left Sears. Also, the flex time and work from home policies keep many from leaving their positions. Sears was very generous with these policies in order to keep employees. I know because I worked there for 24 years before retiring. Many folks also live close to the Hoffman campus and they don't want to engage in a long commute to another company due to family responsibilities. There are many jobs in downtown Chicago but then you are looking at a 1 to 1 1/2 hr commute one way versus maybe 15 or 20 min. So, please don't criticize them, they all know the handwriting is on the wall but they are content to ride it out due to the above circumstances. I cannot speak for store associates because I did not work in the stores during my career there (except during Alwyn Lewis' reign when he made us work in the stores 2005-2006 I think it was... good times).

This was posted on a different thread as a reply. PostID: @X3RTr04-vax

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| 1187 views | | 7 replies (last January 12, 2019) | Reply
Post ID: @OP+X3GjDRC

7 replies (most recent on top)

I hope they still have summer hours at HE that is if there is still an HE in the summer.

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Post ID: @2vkw+X3GjDRC

Many are also genuinely excited at the chance to be part of a turnaround story. The risks are there but if they pull it off, despite the naysayers and odds against them, that is a very compelling story to tell in your next gig.

I know people at Apple and Chrysler who were there when it looked like it was all over. They stuck around, things got much better, and they were in demand at other companies as a result of being in a key position when things turned around.

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Post ID: @1sct+X3GjDRC

Some you are total dip sh--s, why do you care so much what others do or don't do if you do not work or care about the business? If people chose to ride it out so be it, it's not your concern so don't worry about them I am sure they all have their lives figured out. Move on already, bitter people with nothing else to do but complain about things that you can't control..

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Post ID: @1vsc+X3GjDRC

Worry about yourself and not why others do what they do. I'm quite sure you've made the same type of decision in one aspect or another in your life.

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Post ID: @art+X3GjDRC

"There are many jobs in downtown Chicago but then you are looking at a 1 to 1 1/2 hr commute one way versus maybe 15 or 20 min. So, please don't criticize them,"

Oh the horror!

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Post ID: @sef+X3GjDRC

what part of the company being run by creditors do you people not understand ? No prying gifts for the masses. Creditors get paid first as well as pensioners

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Post ID: @gjx+X3GjDRC

Corporate Stockholm Syndrome:

https://www.psychologytoday.com/us/blog/the-modern-time-crunch/201403/corporate-stockholm-syndrome

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Post ID: @mzu+X3GjDRC

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