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Old 12-06-2018, 05:14 AM   #21
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Looks like an ad for his book.
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Old 12-06-2018, 05:42 AM   #22
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Originally Posted by pb4uski View Post
I don't get this... where I worked my billing rate was 5x what they paid me... that was why it made sense to keep me around... every hour that I billed made them oodles of money... even at 70% chargeability. They would gladly take whatever hours I was willing to work.
I was billed at 3x my pay rate (with benefits) a decade or more ago. I have heard that margins have all but disappeared after offshoring started. I my industry, however, I feel like a US based worker can be more than 3x productive rather than someone offshore. But if someone at the top management counting heads then offshoring might look good on paper.
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Old 12-06-2018, 07:54 AM   #23
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I remember a huge weight (speaking metaphorically of course) lifting from my shoulders when I realized, around age 55, that if something happened and I could not continue to work, I probably wouldn't starve. I could have retired at that point, but it would not have been to the retirement I desired, or had envisioned.
I had skills and licenses that would pay me well in one field, but would not make me much of a candidate for a late life career change.
But it was a relief to feel that I had at least enough wealth to probably keep a roof over my head, and some porridge in my bowl.
We should never lose sight of the value of that.
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Old 12-06-2018, 08:34 AM   #24
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Originally Posted by HNL Bill View Post
Real life example #1: About 10 years ago, my former company laid off some consulting folks who were 100% billable (they billed all of their time to clients). No time spent on overhead. But, they had been at the company 30+ years, and their pay rates were so high that the company lost money on each and every hour they worked. Was laying them off ageism? No, it was simple economics.
So... why did management keep increasing their pay, to the point that it was a loss to keep them on even when they were 100% billable? This makes no sense unless they were valuable for other intangible reasons- bringing in new business, great credibility with key clients, good mentors, etc. In that case, they shouldn't have been let go.

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I remember a huge weight (speaking metaphorically of course) lifting from my shoulders when I realized, around age 55, that if something happened and I could not continue to work, I probably wouldn't starve. I could have retired at that point, but it would not have been to the retirement I desired, or had envisioned.
I realized the same thing when I was 53 and my company was acquired; not that I would have wanted to retire but I knew DH (age 68, already retired) and I had the resources to withstand a long period of unemployment if it came to that. It gave me the luxury of waiting to see how the acquisition worked out and I stayed with the company another 6 years.

If I can bring up a pet peeve here: I hate when companies use the term "layoff" when it really means "Go away and don't come back". Dad was in the steel business and sometimes they laid off workers when things were slow but always with the intention to bring them back when work picked up- and they did. "Layoff" as it's used today is a euphemism. There is no hope of being called back to work. Call it what it is- downsizing, firing, termonations.
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Old 12-06-2018, 08:54 AM   #25
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When a company downsizes or reorganizes, they often look at a reduction in force (RIF) of the highest paid workers as an easy way to cut overall labor spending...
At my old high-tech Mega, when we had a RIF, it was usually because an older product group was being phased out, and/or an older factory was being shut down. The people RIFed were the ones specifically associated with those product groups and factories. By somewhat natural correlation, the people in those older factories and product groups tended to be older. We never specifically targeted older people or higher-paid people. The target was product groups with declining growth rate and factories with obsolete technology. If there was an across-the-board RIF due to overall economic slowdown, it was always based on well-documented performance rankings.
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