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Record Profits, Zero Morale

Senior Software Engineer
Current Employee
Has worked at IBM for 20 years
May 16, 2013
Poughkeepsie, New York
2.0
Doesn't RecommendPositive OutlookNo CEO Opinion
Pros

Four consecutive years of record earnings, record profits, and record cash on hand.

Ability to work remotely can be very helpful.

Cons

Recent management actions show a lack of concern for employees. In spite of 4 years of record profits, layoffs continue. 50% of employees get no raise at all, and health care benefits continue to decrease. The retirement plan in place at the time of hire was completely taken away. With 61% profit in our business sector in 2012, no bonus was paid because "we didn't meet the target." Employee morale is the lowest I've seen in my 31 years with the company. I literally have to buy my own pens and paper.

Advice to Management

Be fair and pay what was promised for a job well done.

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