- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 7/1/20 at 9:41 pm to East Coast Band
quote:
expect many companies to cut 401k matching And maybe never to reinstate
I don’t. That is a perk that companies offer to entice good talent. If you own a company and your competition offers 401K, it will be harder to get employees if you don’t.
The O&G industry went through this 5 years ago. No one cared. Now other industries are dealing with this. My health benefits were cut, 401k cut, furloughs, salary reduction. It all came back when O&G companies started hiring again. Much easier for a company to reinstate 401k compared to that salary reduction...
Posted on 7/1/20 at 9:44 pm to kciDAtaE
quote:This is exactly right. It happened in 2008. Employees started jumping ship and working down the road for the guy who still offered benefits like 401k matching. Once the owner gets the hint that he's losing employees, benefits like that start creeping back into the picture again. I mean, we're not talking about a car allowance or a $100,000 bonus or anything. We're talking a very basic benefit that I'm sure even McDonald's offers.
I don’t. That is a perk that companies offer to entice good talent. If you own a company and your competition offers 401K, it will be harder to get employees if you don’t.
The O&G industry went through this 5 years ago. No one cared. Now other industries are dealing with this. My health benefits were cut, 401k cut, furloughs, salary reduction. It all came back when O&G companies started hiring again. Much easier for a company to reinstate 401k compared to that salary reduction...
Posted on 7/1/20 at 9:45 pm to kciDAtaE
Probably double the work load.
Posted on 7/1/20 at 9:45 pm to kciDAtaE
We are moving towards a work environment were you will be paid well with little benefits. I like the idea. Let me decide how to spend my money.
Posted on 7/1/20 at 9:49 pm to kciDAtaE
Maybe I’m cynical, but most employee benefits have gradually been reduced over the past years
Pensions? Lol
Full health insurance? Ha. Most everyone paying more and more out of pocket every year
Sick/Vacation days? Been overall reduced
Pensions? Lol
Full health insurance? Ha. Most everyone paying more and more out of pocket every year
Sick/Vacation days? Been overall reduced
Posted on 7/1/20 at 9:52 pm to jlovel7
I work for a soul-sucking, publicly traded, multinational large cap; this was the first thing they did.
Posted on 7/1/20 at 9:52 pm to jlovel7
Our 401K match was suspended back around May 1st
Posted on 7/1/20 at 9:53 pm to RealityTiger
quote:
This is exactly right. It happened in 2008. Employees started jumping ship and working down the road for the guy who still offered benefits like 401k matching. Once the owner gets the hint that he's losing employees, benefits like that start creeping back into the picture again. I mean, we're not talking about a car allowance or a $100,000 bonus or anything. We're talking a very basic benefit that I'm sure even McDonald's offers.
I hope no one would leave a company for a better 401k match. Unless it was like a 20% match
Posted on 7/1/20 at 9:53 pm to jlovel7
I been working under a paycut since march, and it will extend till the end of September.
Posted on 7/1/20 at 9:54 pm to lsucoonass
quote:
The fact that you’re a doctor makes this post even better.
Smart enough to understand the long term health effects of shutdown are worse than the virus
Posted on 7/1/20 at 9:57 pm to jlovel7
Went through this 2 months ago. But hey, I got invited to a webinar:
quote:
We'll unpack the concept of intersectionality and articulate its relevance for allyship in the workplace
Posted on 7/1/20 at 9:59 pm to TheIndulger
quote:Not a better one. A match period. And why not for that matter? Nothing tells your employees that you don't give a shite about them quite like fricking with their retirement benefits.
I hope no one would leave a company for a better 401k match.
Posted on 7/1/20 at 9:59 pm to Cosmo
Agreed
Posted on 7/1/20 at 10:03 pm to lsucoonass
quote:
The fact that you’re a doctor makes this post even better.
I thought he was a Murse Practitioner
Posted on 7/1/20 at 10:05 pm to Privateer 2007
quote:
Rest assured Fauci, Broome, Destroya, JBE are all getting full pay, full benefits.
We are all in this together!
Exactly
It’s easy to shut everything down when you’re getting full pay and benefits
Posted on 7/1/20 at 10:09 pm to TheIndulger
quote:
hope no one would leave a company for a better 401k match. Unless it was like a 20% match
I think you are missing the point of his post. We are talking about a climate with a shite ton of layoffs. Then after the storm, companies are hiring again.
Suddenly, you are in demand and have some offers with 401k match, 100% health, car allowance, etc. Meanwhile your current company still on a salary reduction.
O&G went through this not too long ago. There is a blueprint. Some industries will struggle ramping back up compared to O&G.
Posted on 7/1/20 at 10:09 pm to jlovel7
quote:
401k matches are suspended
We are discussing this now
If we suspend, we will increase our ESOP stock %
Posted on 7/1/20 at 10:13 pm to East Coast Band
quote:
I expect many companies to cut 401k matching
And maybe never to reinstate
I think that would be a longterm bad move, though I get the desperatation in the short term.
Posted on 7/1/20 at 10:14 pm to Powerman
quote:
You should ask them what you're getting in exchange for forfeiting this
The continuation of your job. You retarded?
Page 2 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News