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Going downhill on the backs of employees to meet profit targets with declining revenues

Technical Solutions Manager
Current Employee
Has worked at IBM for 20 years
October 8, 2014
Dallas, Texas
2.0
Doesn't RecommendNegative OutlookDoesn't Approve of CEO
Pros

Big IT Services, Computer & Software company.

IBM used to be one of the top ten companies to work for until doubling profits every five years became more important than investing in IBM employees.

They still allow employees to work from home in some jobs, and that can be a real plus if you don't have to travel a lot.

They have some promising technologies if they can bring them to market cost-effectively.

Cons

What haven't they taken away?

Pensions, raises, commission, work-life balance, no layoff policy, education matching program, lifetime medical coverage upon retirement, opinion surveys...

Add that to ever-increasing healthcare costs and some retirees forced to look at ObamaCare.

Advice to Management

Employees may be hanging on because they haven't figured out where to go, but the best ones are leaving as they see no loyalty on the part of IBM Management. The compensation plan has also fallen far behind inflation.

As some say, IBM is on the "Roadmap to Hell" in terms of doubling profits twice in ten years.

As a result of giving the shaft to employees to meet the profit plan, employees have little motivation to excel, as the rewards for doing so are no longer at IBM.

IBM used to be one of the top companies to work for. At one time, a long time ago, I think IBM was even the number 1 company to work for. IBM hasn't made the top 100 companies to work for list in several years.

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