Sticking it to the Man, Our Day will Come
As I look out across the industry at what companies are doing to employees, at least in IT, what I see disgusted me. Many companies are not refusing to pay because they can’t; they are refusing to pay because they want to take advantage of the current economy. Fear is holding employees prisoner to job conditions they normally would have never seen.
Salaries are down 30%. They are paying 70k for 100k worth of work. All I can say is that their short sightedness and ignorance is going to come back to bite them in the butt, and hard.
Those companies cheap-ing out now are going to pay dearly in the future…. Salaries are down 30% (70k for 100k worth of work) now, but around the corner they will be up 40% (140k for 100k of work) and they won’t have any choice but to pay. You can’t get something for nothing, even when you have nothing to offer. So paying half price now is not getting these companies further ahead.
There will be several scenarios to watch when the economy comes back, none will be good for the company playing these games.
Those companies that could not normally afford to do the work they tried to pull off during these tough times by hiring expertise they usually would not be able to afford, will watch their project crumble as the experts walk out the door. They won’t be able to recover them because they won’t have the resources available to hire new experts. Those who can afford to do the work will watch their bitter experts walk out the door and then have to higher new experts at 1.4 times the rate in order to salvage their projects. That will not only cost them the higher salaries, but also the cost of transitioning the new teams on board.
There will be a lot of companies without the means to hire new talent period. Not only because they can’t afford it, but because the IT personnel numbers are dropping. It is no longer the field to go into. The glam days of the dot com boom have faded, and it is now being looked at as actual work. Most of the clowns who became self proclaimed programmers over night have gone back to bagging groceries.
The smart company would heed this warning, and start securing their talent now. They would step up and sacrifice now to make their IT experts happy. They won’t be there for long, and they soon won’t be replaceable. Of course, like a friend of mine pointed out, there is always the option of opening up the H1 flood gates again for those companies without the resources to hire local talent.
Salaries are down 30%. They are paying 70k for 100k worth of work. All I can say is that their short sightedness and ignorance is going to come back to bite them in the butt, and hard.
Those companies cheap-ing out now are going to pay dearly in the future…. Salaries are down 30% (70k for 100k worth of work) now, but around the corner they will be up 40% (140k for 100k of work) and they won’t have any choice but to pay. You can’t get something for nothing, even when you have nothing to offer. So paying half price now is not getting these companies further ahead.
There will be several scenarios to watch when the economy comes back, none will be good for the company playing these games.
Those companies that could not normally afford to do the work they tried to pull off during these tough times by hiring expertise they usually would not be able to afford, will watch their project crumble as the experts walk out the door. They won’t be able to recover them because they won’t have the resources available to hire new experts. Those who can afford to do the work will watch their bitter experts walk out the door and then have to higher new experts at 1.4 times the rate in order to salvage their projects. That will not only cost them the higher salaries, but also the cost of transitioning the new teams on board.
There will be a lot of companies without the means to hire new talent period. Not only because they can’t afford it, but because the IT personnel numbers are dropping. It is no longer the field to go into. The glam days of the dot com boom have faded, and it is now being looked at as actual work. Most of the clowns who became self proclaimed programmers over night have gone back to bagging groceries.
The smart company would heed this warning, and start securing their talent now. They would step up and sacrifice now to make their IT experts happy. They won’t be there for long, and they soon won’t be replaceable. Of course, like a friend of mine pointed out, there is always the option of opening up the H1 flood gates again for those companies without the resources to hire local talent.
posted by tadanderson at 9:13 AM
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