Quote:
Originally Posted by trularin
After you have been a "rental" person for a few years, you develope realtionships that seem to stick.
In a recent round of conversations with a number of fellow contract people I know, we have discovered some interesting things are going on.
Companies are using the current economic situation to lower salaries...even if the company doesn't need to.
I am not saying all comanies are doing this, but a number of them are being advised by contract houses that they can alter the rate of pay without penalty.
In one incident, a fellow engineer negotiated a salary with his company at $60k. It has been eight months and he is now down to just over $30k. In all, I talked to six people, five have had their pay reduced.
The kicker was from another person who I used to work with as an engineer who went into recruiting. He said his boss has suggested to a number companies to drop the rate.
I was shocked to hear of this and thought I might share this with the rest of you who might be switching jobs.
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Tru,
I guess I'm not too surprised if the contracts are that open-ended. But who woulda thunk? Kind of being blindsided, alright.
Kind of hard to plan a ten year budget for a family, when the vultures are waiting in the bushes for the first opportunity to turn a previously expected raise into a "lower". I think people need to own their own jobs more in the future, so to speak. Maybe Mike hit it on the head.
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Steve,
Friends might feel, in anger, that they would want to terminate every employee. But that is kind of like firing all the guys rowing the boat. The business is basically done, dead in the water. It seems like, to make any money (or move the boat at all), some compromise will be in the making. If it is a business they can do all the labor themselves, then it might work.
Wes
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