Pros
Salary, well until you flatten out
Kontras
And I will quote a senior manager during a ranking session a few years ago “why is everyone so fussed about this process. It’s just about salary administration”. Flash forward a couple of years and I guess what he meant is administration of no salary upon layoffs of highly capable people. The desire to cling to an early 1900s management philosophy of fear and punishment is driven by those who benefited from this system. The remaining 80-90% who make up the rest and will never make it are suffering from some degree of demotivation by the process. The true leaders who try to keep us going never make it very far because inept senior leadership needs them in low positions to get real results. Many of those great leaders who endured are walking away for better things in and out of this industry. There is a serious lack of vision and an attitude of “don’t worry it will all be fine” as it is clear the ship is sinking! I implore anyone considering hiring on to at least look at the stock price over the last 5 years. After recovering from COVID lows the downward trend is right where it has been for that period. That is an objective reflection of the dismal quality of senior leadership.