IBM chiefs order pay freeze at US services tentacle
The employees at the Global Technology Services unit of Big Blue got some unwelcome but probably not unexpected news that there would not be a broad-based salary increase at the unit this year. There are also reports that IBM has frozen salaries of higher-level executives across the company, which the company has not confirmed. …
This topic is closed for new posts.
One of the reasons I left
Good results constantly being crowed about... But then no money for pay rises. My poor ex-colleagues had to endure a great email from the UK GM or some such saying they had record results etc. Closely followed by another email from an apparatchik further down the food chain saying sorry no pay rises as we are so poor.
Surest way to watch people leave quickly...
Ok...
So business is booming outside of the US for IBM.
(Hint: You onshore a resource or use remote administration, the revenues stay off US shores. So a client in Atlanta GA will hire IBM who uses a resource in India. Rev Rec takes a portion to IBM India for the body.)
So if you freeze salaries in US , at RTP, you can bet people in RTP will walk as the US market heats up for some skills.
Those who can leave will, leaving the lesser skilled employees to make up the gap.
Got to love IBM and their bean counter overlords.
Re: Surest way to watch people leave quickly...
But that is surely a large part of the reasoning behind the pay freeze. The more people who leaver voluntarily as a result of actions like this, the less redundancy payouts or unfair dismissal claims they company has to stump up for.
Greedy execs at the trough...
Same old story, no money for salary increases but enough in the coffers to spunk billions of dollars buying back their own stock to boost the EPS ratio, which the execs bonuses are tied to.
Bitter, moi ?
No pay rises for the execs?
What they'll do is move the execs out (then give them pay rises in the new organisation) then replace them with execs who have had pay rises (before thy move)
Therefore no execs get a payrise while they're in the function
Cynical? Me?
Oh, I feel soooo sorry
for them US IBMers... no pay rise?
There haven't been "broad-base" payrises in IBM UK since FSM-knows-how-long. The US people get paid well better than their European counterparts for the same (crappy) jobs, so boohoohoo
Re: Oh, I feel soooo sorry
IBM are not the only US company with this pay philosophy. The "top" execs couldn't care less about the salaries they get; they are more interested in the share options... and ofc, only they get share options.
"Dough" Shelton? Really?
Or is it supposed to be 'Doug'? If it really is 'Dough', then the poor flatliners must feel tormented indeed.
(Icon for homonymous reasons...)
This topic is closed for new posts.
