Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 11-13-2007, 03:02 PM   #21
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Well, while I defend Gen X and Y as being no different than previous ones, I also don't think the rules have changed that much, either. You can't correlate working hard or going above and beyond 1 for 1 to a dollar. I have coworkers who take the "I'm not working more/harder for no more money!" attitude, one even told me some day I'd learn the error of my ways. I came in making a little less than him and now make nearly twice as much. I've always had to do the next job up the ladder for a while before I got paid to do it. I've been scrambling at 3 am on occasion knowing it was important for the project. The key is knowing when it's worth the extra effort. My boss was surprised to see I had worked less than 200 hours of overtime last year, because it seemed I was always there at crunch time.

If you don't like your job, the type of work or the company, and you don't see a job two levels up that you would like to work towards, it's time to find a different job! Either that or understand your attitude will be evident and your raises will reflect it accordingly! I see a lot of people around here who think we work in Dilbert land, and that this company sucks, and there is no point in trying hard, blah blah blah. I see this place as full of opportunity, but that unlike school, there isn't a outline to follow for success. Now, maybe it's just because I'm a tall white male that I'm doing decently, but you know, so are most of the complainers!
__________________

__________________
laurence is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-13-2007, 03:27 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,527
Quote:
Originally Posted by laurencewill View Post
If you don't like your job, the type of work or the company, and you don't see a job two levels up that you would like to work towards, it's time to find a different job! Either that or understand your attitude will be evident and your raises will reflect it accordingly! I see a lot of people around here who think we work in Dilbert land, and that this company sucks, and there is no point in trying hard, blah blah blah.
I'm stuck w/ golden handcuffs at the current position. Vested portion of deferred comp plan is worth $13000 today. If I stay in the current job for 25 more months, I'll get around $100,000+ when I walk away. The job itself isn't bad, the people are fairly easy to get along with. I'm moving up the ladder faster than anyone else at my level (I'm golden!). The compensation keeps creeping up when a group of folks quit (mgmt gets scared into massive raises).

It just isn't worth the extra effort required to obtain an extremely small marginal boost in bonus and probably zero marginal increase in salary. I focus on being more productive and adding value for the 40 hours I am there. It's a small firm and the upward mobility is capped.
__________________

__________________
FUEGO is online now   Reply With Quote
Old 11-13-2007, 03:38 PM   #23
Recycles dryer sheets
 
Join Date: Aug 2007
Posts: 401
Boomer here...are we really all that different than Gen X or Y? I've had jobs in the past where my employer took advantage of me and expected me to work 60+ hours for little or nothing extra as a bonus...I went along with it but after that happens once or twice with little thanks, you pretty much set your own limits....unless you really like getting taken advantage of. Maybe Gen X'ers and Y'ers saw it happen to their parents and said, "no way" BEFORE getting taken advantage of. Maybe they're just smarter?
__________________
DallasGuy is offline   Reply With Quote
Old 11-13-2007, 03:54 PM   #24
Full time employment: Posting here.
cantlogin's Avatar
 
Join Date: Sep 2006
Location: Pocono Mtns.
Posts: 884
laurencewill, Your post is right on target and if extra effort is truly unrewarded the free market in employment exists. There's too much time spent at a job to stay if you don't like it. If someone can't find employment that pays more, then I'm not sure how it can be concluded that they aren't getting paid what they're worth.
__________________
cantlogin is offline   Reply With Quote
Old 11-13-2007, 03:58 PM   #25
Thinks s/he gets paid by the post
Jay_Gatsby's Avatar
 
Join Date: Oct 2004
Posts: 1,719
There are two sides to this coin. Employers want Generation Y to prove themselves worthy of promotions/raises, while Generation Y wants guarantees of promotions/raises if they do what they're told.

Yet as Laurence put it, "unlike school, there isn't an outline to follow for success." That's primary source of the disconnect. Generation Y was told to jump through certain hoops to get ahead while still in school. You reach a point in your life, usually after you graduate college and land your first job, when there is no outline that will guaranty success.

Some employers will want to exploit you, but assuming that every employer who expects you to do an honest day's work for low pay is out to exploit you is ridiculous. When you graduate college, you know very little about how to make/save your employer money, which is the basis for everything in the business world. Until you do, you need to do as you're told, which is actually the way you can learn how your employer does business. Once you understand, you can think of ways to make/save your employer money. It is at that point you'll merit significant bonuses, raises and promotions. Not a minute sooner.
__________________
He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
Jay_Gatsby is offline   Reply With Quote
Old 11-13-2007, 04:08 PM   #26
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 8,643
+1 to Laurencewill. It isn't really a matter of working usurious hours - move on if that is what they expect. But if you want to advance in a company you need to take the extra step and you darn well better be there for the "crunch time" as LW put it.
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote
Old 11-13-2007, 05:04 PM   #27
Recycles dryer sheets
 
Join Date: Nov 2007
Location: Denver
Posts: 170
I am part of this generation y the newspapers are talking about. I have never had a problem with someone criticizing my work ethic (in fact, I am usually complimented on it) but I can assure you people are equally aware that I won't let myself be taken advantage of. I do think the media hype is well overblown since most of the things people complain about have been around since long before our generation (even the infamous helicopter parents, back in the old days it was called an introduction, lol).
__________________
Caoineag is offline   Reply With Quote
Old 11-13-2007, 05:14 PM   #28
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Heck I've already worked for some generation y's here as my technical lead on a project. These guys and gals are working harder than me and are already my pay grade, and will pass me up and leave me in the dust shortly, and I'm glad to know them. They don't have kids yet, so it's worth it to them to burn the midnight oil.
__________________
laurence is offline   Reply With Quote
Old 11-13-2007, 06:30 PM   #29
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Quote:
Originally Posted by Jay_Gatsby View Post
Yet as Laurence put it, "unlike school, there isn't an outline to follow for success." That's primary source of the disconnect. Generation Y was told to jump through certain hoops to get ahead while still in school. You reach a point in your life, usually after you graduate college and land your first job, when there is no outline that will guaranty success.
I think that's why our kid, a high school sophomore, is attracted to the military. She knows what she'll be doing for the next four years of college and for the first couple years after that. She also knows that she'll get the training & mentoring to help her handle the leadership & responsibility.

The local community college had a trades career day last month, though, and she saw the construction industry heavily recruiting kids who can actually do math, use hand/power tools, and read a blueprint. These guys don't even have driver's licenses yet and they're being offered summer internships.
__________________

__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Is it possible -a new ecosystem has begun? janeeyre Other topics 0 06-22-2007 05:30 PM
My Generation . . . sgeeeee Other topics 11 04-23-2007 09:38 PM
Millennium Bank renferme FIRE and Money 2 03-02-2006 08:04 PM
What does Generation X want? Jay_Gatsby Young Dreamers 72 02-11-2006 01:35 PM
The It-Sucks-To-Be-Me Generation Jay_Gatsby Young Dreamers 92 01-27-2006 08:25 AM

 

 
All times are GMT -6. The time now is 10:53 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.