Ok, so I shouldn't be commenting about this since I am not really directly affected by it. But the BMW thing just really makes me mad. Sorry bespren, but I really have to say something about it.
First of all, I can't believe that your company is still giving out incentives to executives even though it's mostly their (the executives) fault why you needed to layoff people. Sure they say that it's cost cutting, but even if it's cost cutting shouldn't they take the wants before the needs? Isn't there a way for making it a win win situation for everybody? Instead for buying another BMW for another executive, why not use that money as incentive for people who might want to take early retirement? In that way, you wouldn't be laying off people who really needed their job but will be getting people who volunteers to retire. Or maybe using the money to keep people a little longer, to tide them over the next few months? Heck! They probably don't get paid much.
I am not saying that the company I work for is perfect. In truth, it is not. There are a lot of systems here where there are a lot to be desired. But I do know that my company cares about their people. Sure, they make us work almost to the point of having someone whip our backs while were working, but when there is a downturn, we all feel it, not just the little people. The compensation structure works. Sure, we're NOT the best paid engineers out there, we're earning probably worse than what they pay the guys in your company, but I do know that during the bad times, everyone feels it, most especially the executives (no bonuses for them!). And during the good times, everybody feels it (big bonuses for the executives). There is no way to be shielded by whatever the economy's fluctuations may cause. Which I think should be the case right?
I know that they did a cost analysis of this, like what Emman said, but if you think about it, where is the heart in that cost analysis? If they protected the privileges that they give to executives, what does that say about their role modeling? Are they saying that the little people do not contribute to the success of your company?
I'm just ranting. I just feel that there is a certain level of responsibility that your executive should've taken when he brought his company sponsored BMW to work after laying off people.
DA GANDA blogged @ 10/01/2004 01:27:00 PM