CSNbbs

You mean that a company barely staying afloat won't pay bonuses? Well, I guess that's the nail in the coffin for Trump's tax cuts.

Right? RIGHT?!

Pathetic.

Expect them to be a rallying cry for the alt-left, nonetheless.

Quote:The Trump tax cuts aren’t helping CenturyLink workers

https://finance.yahoo.com/news/trump-tax...39022.html

My company makes billions...they ain't paying any bonuses.

We don't even plan on hiring additional programmers or analysts to deal with the increased work load as a result of all the changes in the tax code!

(01-12-2018 03:39 PM)Redwingtom Wrote: [ -> ]My company makes billions

So much depth and substance in that statement.

The left believes that employers could shower their workers with money & other benefits, but choose not to do so because they are just big ol’ meanies.

(01-12-2018 03:39 PM)Redwingtom Wrote: [ -> ]My company makes billions...they ain't paying any bonuses.

We don't even plan on hiring additional programmers or analysts to deal with the increased work load as a result of all the changes in the tax code!

Maybe they require minimum standards for bonuses, such as, if you are going to tout yourself as an expert on Obamacare, you must at least know what an insurance deductible is.

(01-12-2018 03:39 PM)Redwingtom Wrote: [ -> ]My company makes billions...they ain't paying any bonuses.

We don't even plan on hiring additional programmers or analysts to deal with the increased work load as a result of all the changes in the tax code!

Billions in sales or billions in profits? The first is a good size universe, the latter not so much.

Come on kronke. This is business. Most companies are not in the business of giving out bonuses to make the president look good. The ones that do, are the same ones lobbying and greasing palms behind the scenes. If your company is owned by an investment group, you won't see a cent. Their goal is to put more money in their own pockets. Not yours.

(01-12-2018 03:50 PM)UofMstateU Wrote: [ -> ]

(01-12-2018 03:39 PM)Redwingtom Wrote: [ -> ]My company makes billions...they ain't paying any bonuses.

We don't even plan on hiring additional programmers or analysts to deal with the increased work load as a result of all the changes in the tax code!

Maybe they require minimum standards for bonuses, such as, if you are going to tout yourself as an expert on Obamacare, you must at least know what an insurance deductible is.

LOLOL

+3

(01-12-2018 03:51 PM)banker Wrote: [ -> ]

(01-12-2018 03:39 PM)Redwingtom Wrote: [ -> ]My company makes billions...they ain't paying any bonuses.

We don't even plan on hiring additional programmers or analysts to deal with the increased work load as a result of all the changes in the tax code!

Billions in sales or billions in profits? The first is a good size universe, the latter not so much.

Around 11 billion in revenue with 1.5 billion of operating income for 2016. 2017 was better I'm pretty sure...but I have not heard the specifics yet.

As I said in another answer if I own a factory and make a product that makes me a $1 profit per item and I develop a new product that doesn't require additional skill or labor and makes me a $10 profit per item I'm not handing out raises as long as I am finding workers.

Walmart is handing out raises, adding enhanced paid maternity leave, money for adoptions, and year-end retention bonuses, not because they make more money from the tax code but because they are having issues with worker retention and attracting new workers.

In the Sam Walton era, the employee stock program kept a lot of people there and made some millionaires, after he was gone and the Wall Street driven leadership abandoned Buy American and scaled back the stock program and reduced full-time employment it went well for a time but now it's getting hard to attract and retain so they are changing their policies.

Sit back and watch. If the economic upturn continues there is going to be more and more howling from business to open up immigration to put downward pressure on wages.

(01-14-2018 01:38 AM)arkstfan Wrote: [ -> ]As I said in another answer if I own a factory and make a product that makes me a $1 profit per item and I develop a new product that doesn't require additional skill or labor and makes me a $10 profit per item I'm not handing out raises as long as I am finding workers.

Walmart is handing out raises, adding enhanced paid maternity leave, money for adoptions, and year-end retention bonuses, not because they make more money from the tax code but because they are having issues with worker retention and attracting new workers.

In the Sam Walton era, the employee stock program kept a lot of people there and made some millionaires, after he was gone and the Wall Street driven leadership abandoned Buy American and scaled back the stock program and reduced full-time employment it went well for a time but now it's getting hard to attract and retain so they are changing their policies.

Sit back and watch. If the economic upturn continues there is going to be more and more howling from business to open up immigration to put downward pressure on wages.

Exactly. Just like they were paying $15/hr with a $300 sign-on bonus to work at McDonalds in the Bakken a few years ago.

If you want a new job, now is the time to look. If you want a raise, now is the time to ask.

The Trump economy.

Quote:As Labor Pool Shrinks, Prison Time Is Less of a Hiring Hurdle

A rapidly tightening labor market is forcing companies across the country to consider workers they once would have turned away. That is providing opportunities to people who have long faced barriers to employment, such as criminal records, disabilities or prolonged bouts of joblessness.

In Dane County, Wis., where the unemployment rate was just 2 percent in November, demand for workers has grown so intense that manufacturers are taking their recruiting a step further: hiring inmates at full wages to work in factories even while they serve their prison sentences.

https://mobile.nytimes.com/2018/01/13/bu...mates.html

(01-12-2018 03:39 PM)Redwingtom Wrote: [ -> ]My company makes billions...they ain't paying any bonuses.

We don't even plan on hiring additional programmers or analysts to deal with the increased work load as a result of all the changes in the tax code!

Sounds like you should go work for a new company.

Kind of dumb just handing out bonuses. Start increasing wages. And lowering prices. More attention to prices. Those tax cuts, that's customers money. Not your employees.

We differ on opinions why it's happening but I do agree the economy is doing well. But bonuses aren't a new trend necessarily. My wife works at a big downtown law firm and she's been receiving healthy year-end bonuses for close to 20 years now.

Absolutely, the consumer confidence right now is strong. That's why we had such a huge holiday shopping season. And all our 401K's are doing well.

To me though, the bigger test for Trump will be to see how he does if the market crashes or has a 'correction'.

As someone who's used CenturyLink, they suck. Internet was bad, phone service bad, and when I ended service, sent in the equipment, 6 months went by and they billed me for $300 for equipment. When I provided them with the tracking number and proved it was received by them. They stated that they're unorganized and lose stuff all the time.

This ls like the time they "found" a pizza place that would not cater a gay wedding (not that they were ever asked) and made a national tory out of it.

(01-14-2018 08:22 AM)Paul M Wrote: [ -> ]Kind of dumb just handing out bonuses. Start increasing wages. And lowering prices. More attention to prices. Those tax cuts, that's customers money. Not your employees.

Actually it's the owner/shareholders money. The customer parted with that money in exchange for goods and services and they are no more "owed" a discount than employees are "owed" a raise.

I understand the Walmart bonus system. It is a retention system. Longer you work there the more you get around Christmas time. Attracting and training new workers is a cost. You have reduced productivity until a departed employee is replaced, reduced productivity until the new employee is fully trained, you tie up other employees covering for the missing spot and then helping with the trainee and the costs of putting the person into the system. Some percentage of the new hires will be a bust.

Walmart will get a lot of that money back in sales as many will use it to buy Christmas presents even with an employee discount. I doubt ATT is going to get back much of their bonus money.

Actually, it isn't the owners/shareholders money. It's taxes. Taxes the customers pay. Taxes that were just reduced.

If you want bonuses/stake in your company, the key is to work for a smaller business where you will come in overqualified and then grow with that business.

Working for major corporations is a mistake.

Wal-Mart is giving pay raises and bonuses to their employees, and laying off employees and closing stores of the Sam's Club. Trump claimed Wal-Mart as one of the businesses that are giving pay raises and bonuses from the tax cuts.