641
‘Will I ever retire?’: millennials wonder what’s on the other side of middle age
(www.theguardian.com)
this post was submitted on 18 Jun 2024
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Plus, modern MBAs see turnover as a good things because it makes the short-term investors happy.
Wtf why?
Sociopathy, lack of long term planning skills, drugs (metaphorical and physical). Some combination of those I suspect.
This is an appropriate reaction, in my opinion. Modern economic philosophy is entirely myopic with no apparent perceived value in anything beyond the next quarter. From that perspective, if your employees have already created value and you've budgeted more than severance would cost (or think you can get away with constructive dismissal), then, for the quarter, getting rid of employees looks like a financial positive.
For some, you get the Jack Walsh thinking that some employees are going to be statistically bad performers, so it is good to get rid of them.
You also have other cases where lowering the time to train means you can expand faster since you don't need to find quality staff. The original McDonald's trained its staff to be able to be high output restaurants. The business model changed to needing less worker training to help fuel expansion.
You also have the case where some managers believe some jobs only require a commodity level labor. At that point, there is no value in training.
So tired of hearing that shitstain's name. I admit there is some wisdom to the up or out approach. You know for very very high level workers. Like C-suite or a rank below. Doing it across the company just promises misery and failure.
Christ...
Faust...