Tamsin said:
@Harlem
The company doesn’t care about that. They’re focused on minimizing costs, and salary is the biggest expense.
But how many can they hire? Isn’t downsizing becoming more common?
Tamsin said:
@Harlem
The company doesn’t care about that. They’re focused on minimizing costs, and salary is the biggest expense.
But how many can they hire? Isn’t downsizing becoming more common?
In my department, we’re ranked against each other. It’s like Hunger Games, and there’s no reason to help anyone but yourself.
I’m an adjuster at GEICO. We were told the bottom 10% will be fired.
Wesley said:
I’m an adjuster at GEICO. We were told the bottom 10% will be fired.
The problem is, there will always be a bottom 10%.
I moved to a new company in February. We don’t have rankings or metrics. I just do my work, and I don’t even have one-on-ones with my manager. My department is smaller than at the previous company, so it’s a lot more laid back.
A lot of companies do forced stack rankings.
Micah said:
A lot of companies do forced stack rankings.
Which ones?
Micah said:
A lot of companies do forced stack rankings.
Which ones?
Capital One, some tech companies, and Microsoft until recently. It’s basically the Jack Welch model, where you fire the bottom 10% or 20% each year.
@Micah
Does Capital One do insurance? I just learned that today, LOL.
Neve said:
@Micah
Does Capital One do insurance? I just learned that today, LOL.
Yes, they provide travel insurance, just like GEICO does for some of their lines of business.
Liberty Mutual also uses this ranking system. You have to perform above average in your department (above 50%). If you fall below, you’ll be warned and put on a performance improvement plan (PIP).