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Re: Five ways to prevent retirement
Old 09-27-2005, 08:59 PM   #61
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Re: Five ways to prevent retirement

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Originally Posted by justin
Under the good ole boy network that governs my profession to a large extent, a degree from local State U is worth more than a degree from just about any private "elite" school.*
This is interesting. I guess it goes to show that kids should target the school that best matches their career ambitions. I work at a major Wall Street firm that only recruits out of a handful of the top MBA programs. There are just too many good candidates who want to fill the positions and they need a way to screen people out. So the first people to go are those who don't have the requisite degree credentials.
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Re: Five ways to prevent retirement
Old 09-27-2005, 09:06 PM   #62
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Re: Five ways to prevent retirement

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Originally Posted by . . . Yrs to Go
There are just too many good candidates who want to fill the positions and they need a way to screen people out.* So the first people to go are those who don't have the requisite degree credentials.
What a crappy arbitrary screening "system".* But I guess it's illegal to do it by gender, race, religion, or sexual preference.*

And doing it by shoe size instead of by alma mater, well that would just get them laughed at!

I'd have to question my interest in working at a company that uses alma-mater logic to choose their employees...
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Re: Five ways to prevent retirement
Old 09-27-2005, 09:11 PM   #63
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Re: Five ways to prevent retirement

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Originally Posted by Nords
What a crappy arbitrary screening "system".* But I guess it's illegal to do it by gender, race, religion, or sexual preference.*

And doing it by shoe size instead of by alma mater, well that would just get them laughed at!

I'd have to question my interest in working at a company that uses alma-mater logic to choose their employees...
You must have a system to "trim the pile" . I ran an ad in The WSJ once
for a management position and got hundreds of resumes. Even if the
"system" is not logical, if it makes the "pile" manageable then ..............
well, that's progress. As I recall I just dumped the whole stack and
started over. Too much to deal with.

JG
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Re: Five ways to prevent retirement
Old 09-27-2005, 10:14 PM   #64
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Re: Five ways to prevent retirement

You know, I just reviewed a group of resumes for a position we opened up in our department. Forget arbitrary system, I was able to eliminate half just by the poor quality of the resume! No, I'm the last person to ding some one for spelling errors (although Word has had spellcheck for a decade). I just think if some one can't remember to state their major in college or include their job history, this probably isn't the job for them! :P
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Re: Five ways to prevent retirement
Old 09-28-2005, 04:55 AM   #65
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Re: Five ways to prevent retirement

Quote:
Originally Posted by Nords
What a crappy arbitrary screening "system".* But I guess it's illegal to do it by gender, race, religion, or sexual preference.*
That's not to say it doesn't happen, though, especially by gender and age.
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Re: Five ways to prevent retirement
Old 09-28-2005, 08:46 AM   #66
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Re: Five ways to prevent retirement

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Originally Posted by Laurence
Forget arbitrary system, I was able to eliminate half just by the poor quality of the resume!
Nothing arbitrary about that-- if you can't ask for the job, you can't have it!!

Although maybe your company is discriminating against all of those out-of-the-box thinkers who can't be bothered with nitpicking details that any menial laborer could handle-- like following directions.

Oh, wait, I remember now-- Enron hired all those guys.
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Re: Five ways to prevent retirement
Old 09-28-2005, 09:09 AM   #67
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Re: Five ways to prevent retirement

There was a time at MegaCorp here in Texas, when a lot of supervisors/vps were Texas Aggies. This could have been the result of a particular Aggie vp, who went to the university once a year to interview on-campus. Anyway, he's gone now, so mebbe UT is advancing. BTW: I didn't see anything so special about the Aggies. They weren't smarter than me. They just had a sponsor. Oh and they spawned a lot of aggie jokes, too.
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Re: Five ways to prevent retirement
Old 09-28-2005, 10:38 AM   #68
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Re: Five ways to prevent retirement

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Originally Posted by Eagle43
I didn't see anything so special about the Aggies. They weren't smarter than me. They just had a sponsor. Oh and they spawned a lot of aggie jokes, too.
Here is an example to help prove your point (some Aggie jokes are real):

Attached Images
File Type: jpg aggiehurricaneprep.jpg (39.5 KB, 115 views)
Attached Files
File Type: jpg_thumb aggiehurricaneprep.jpg_thumb (28.9 KB, 0 views)
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Re: Five ways to prevent retirement
Old 09-28-2005, 12:22 PM   #69
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Re: Five ways to prevent retirement

REW -- ROFLMAO
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Re: Five ways to prevent retirement
Old 09-28-2005, 01:10 PM   #70
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Re: Five ways to prevent retirement

Quote:
Originally Posted by Nords
What a crappy arbitrary screening "system". But I guess it's illegal to do it by gender, race, religion, or sexual preference.

And doing it by shoe size instead of by alma mater, well that would just get them laughed at!

I'd have to question my interest in working at a company that uses alma-mater logic to choose their employees...
Indeed, that system would have trimmed me from any job search.

I made in excess of two billion dollars for my company in my last 2 years of work there.

Apparently not a very good winnowing system...
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Re: Five ways to prevent retirement
Old 09-28-2005, 02:59 PM   #71
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Re: Five ways to prevent retirement

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Originally Posted by ()
Indeed, that system would have trimmed me from any job search.

I made in excess of two billion dollars for my company in my last 2 years of work there.

Apparently not a very good winnowing system...
I'm sure you were willing to take a measly 1% commission on those sales too.
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Re: Five ways to prevent retirement
Old 09-28-2005, 04:22 PM   #72
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Re: Five ways to prevent retirement

I posted some of this before. My brother is 58 and just started his
4th job in about 4 years (long story). Anyway, he is very
conscious of age discrimination (which I think should be perfectly
legal of course). Anyway, he left everything off his resume which
might offer even a hint of his age. There was simply no way for anyone
to guess his age, based on the resume. I don't know what effect
this had on his job searches. I know he worked very hard to get
each position, and has long since decided he just wants a place
to close out his career.

JG
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Re: Five ways to prevent retirement
Old 09-28-2005, 08:53 PM   #73
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Re: Five ways to prevent retirement

Why do Aggie women wear long dresses?

To hide the "No-Pest Strip"... :P
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Re: Five ways to prevent retirement
Old 09-29-2005, 02:44 PM   #74
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Re: Five ways to prevent retirement

Quote:
Originally Posted by ()
Indeed, that system would have trimmed me from any job search.

I made in excess of two billion dollars for my company in my last 2 years of work there.

Apparently not a very good winnowing system...
The resume screen is for green-horns. Once you get here, however you get here, your resume dosen't mean crap. Everyone knows who the rainmaker's are and that's all that counts. But you gotta get here first - which is easier with the fancy degree.

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Re: Five ways to prevent retirement
Old 09-29-2005, 03:35 PM   #75
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Re: Five ways to prevent retirement

I thought I was the only person who thought that. One of my areas of interest is known for cannabalizing competitors employees. I thought that was just because it is a small industry. It is not unsusal to see a person leave a company only to see them return a few years later, with a promation. It's almost like they can't be promoted unless they have worked for many of the companies in the industry.

The DW works in mortgage banking and now that I think about it the same is happening over there also.
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Re: Five ways to prevent retirement
Old 09-29-2005, 04:14 PM   #76
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Re: Five ways to prevent retirement

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It's almost like they can't be promoted unless they have worked for many of the companies in the industry.
Some firms value external experience more than internal experience. Those are good jobs to quit.

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Re: Five ways to prevent retirement
Old 10-01-2005, 08:26 PM   #77
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Re: Five ways to prevent retirement

Agreed. I think I'm working for one such firm right now. Let's see, in the last three years, I have gotten 0%, 0%, and 1.2% raise. Bonuses? What are those again? This is completely different from when they were trying to recruit me from another firm. I was offered a signing bonus and a good salary bump.

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Re: Five ways to prevent retirement
Old 10-02-2005, 10:35 AM   #78
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Re: Five ways to prevent retirement

Well, the CEO in 2003 decided to make major cuts. He eliminated many jobs across the company and he reduced my sizable salary by 30%, ouch. This 30% reduction brought my salary back to 1997. He actually wanted to reduce it by over 33%. It was hard to argue when a lot of people were left without a job. I got 0% raise in 2004 and 2005. In today's dollars, my 2005 salary was about the same as my 1995 salary.

It was my wakeup call for ER planning.

It actually worked out well for me because I slowly dissapeared into the woodwork and the next 2 years felt more like a stress free part time job with a terrific salary.
By their own actions, they got less than their money's worth. .

Then earlier this year, I got laid off after 21 years.

I was planning to fly the coupe later this year anyway, so it worked out to my benefit.
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Re: Five ways to prevent retirement
Old 10-02-2005, 11:38 AM   #79
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Re: Five ways to prevent retirement

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Originally Posted by Jay_Gatsby
I'm sure you were willing to take a measly 1% commission on those sales too.
It wasnt even that good.

But I havent had to work for 5 years.

Or probably ever again.

So not too shabby I guess.
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Re: Five ways to prevent retirement
Old 10-17-2005, 03:26 PM   #80
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Re: Five ways to prevent retirement

Recently attended the funeral of a older relative and had a chance to talk to a few cousins I haven't seen in years. My cousins husband was joking that his retirement plan was death. I think wife + 4 girls may rule out early retirement.
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