Corpos use Total Compensation packages; giving you time off, benefits, and bonuses on top of your salary or base wage.
Then they go into cutbacks or austerity measures, and because they either can’t legally dock your pay or reasonably expect you to stick around, they roundabout take off your time off, bonuses, stocks, and benefits.
There by not touching your ‘wages’ or ‘take home’
Goodbye sabbaticals, holiday pays, extra bonuses monthly and quarterly.
Those things that help you during the good times, ain’t there when times get rough.
-And when Corpos take that away, they’ll say those were privileges and not entitlement benefits.
Don’t count your chickens before they hatch, lots of people sign up for high expenditure after a nice bonus.
Live below your means, and build bigger means. Duh.
A Short Story
I was working at a company that was retarded, it forgo all raises and docked pay for executives and salaried members during a year of ‘austerity measures’. Obviously they were expecting people to leave.
All the while, they’re expanding into billion dollar NEW ventures.
And in lieu of the ‘no raises’, they issued Restricted Stock Units that would vest in three years time.
And then the next year they fired and laid off a bunch of people, so that the three years of Restricted Stock Units would never Vest. Thereby stealing away a lie of a promise they gave.
Yea, fucking assholes these lots. Disgusting.
I’d name names, but I’d rather you be suspicious of all Corporations, that way you’d be better primed to look for turbulent waters in your employment future.
Be EXTRA wary if there’s a bunch of external business consultants that try to tell a CEO how to do their job. There’s virtually no point to executive leadership if it’s going to be propped up by decision making from a puppeteer external to the company that gets paid regardless of improvement projection goals.
As a side note
There’s is often a lot of office favoritism with those who have debt, family, or loans. When companies know that you got recently married, are having kids, bought a new home, or fresh out of college- To them, they here ‘Financially unstable’ and that means you’ll make a good debt slave working for their company. Because chances are, you won’t have enough financial resources or determination to break free from the fetters that bind you. Meaning you’ll gladly work there at their company for eager scraps as they pocket more money and cut your pay through your total compensation package.
Wagie Wagie, get back in the Cagie, of your bleached office filled environment for a bull shit job that you can automate with some macros and the power of AI.
Anyways, I hope AI makes corporations obsolete, but that’s too hopeful. Chances are, the workforce is gonna get cut a lot harder in the near future.
Additionally, from an economics perspective, I dislike government intervention to bail out bad bets. It’s like we’re funding or financing either a racketeering money laundering scheme or we’re investing in future bad bets and degeneracy. People ought to be jailed, or atleast docked pay equivalent to the livelihoods lost in mass layoff campaigns. “It’s hard to let people go” cried the CEO who got extra millions in stock bonuses the same year. Disgusting Cretins I tell you.
In Closing
Corporations will do what they can to cut back on things that you might’ve factored in during your hire or employment.
And often times, when a Corporation gets a government tax writeoff or funding, they issue Layoffs and austerity measure. Idk why, but it seems like a meta, a rinse and repeat cycle. So, until they stop doing dumb shit like this -running off with tax payer money- perhaps we should stop subsidizing corporations?
Perhaps in future employment opportunities, a legally binding contract or offer letter might include your terms and conditions to not dock your total comp or provide some form of renumeration in lieu there of.
Idk, just a thought. Anyways, the moral of all of this is;
Don’t Sell Yourself Short.
*Not Valid Financial, Legal, Life, or Any Advice