Ulmo
join:2005-09-22
San Jose, CA Reviews:
 ·SONIC.NET
| So they boffed. As a 10 year employee, $76,800 seems like about 1 years' pay, maybe 2 years in weird areas. If job prospects are slim, like it would be for any aged employee, then 1 or 2 years of pay is not really a great deal for 1 or 2 following decades of unemployment, if the alternative is quite possibly 1, 2, or even more years of continued employment, possibly 1 or 2 decades more.
As a 2 year employee, being asked to take $59,200 to go look for work for a year, compared to being fired in 4 months and take $47,520 in unemployment for two years if you don't find work or less if you do, the $59,200 seems like a much better deal, by about 237% (assuming 1 year unemployment for $24,960).
In addition to that, in today's tight employment market (I mean hard to get work), it's much more lucrative for the best employees who have the best employment options to jump ship than the laggards, so if you give them money to do it, they'd go even faster.
Verizon should have made appropriate metrics for performance at the top and administered the tests in a supervisor-uninvolved way (i.e., go to the headquarters and take the test by the same oversight personnel company-wide). Then they would offer severance in accordance to details about the employee: find the minimum to make it desirable for the undesirable employees to leave, and don't offer anything to the undesirable employees, laying those off later. |
