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“We’ve had record profits this quarter, we should pay our employees more!”
… Said no CEO ever.
During Covid my old job said they would be pausing all raises and cutting some costs to weather the storm. A couple months later they called a company wide meeting to announce record profits and that they would be providing a 20% raise . . . to the executives only. Then they got genuinely pissed when none one applauded them.
At our quarterly meeting, our company president always lets us know how much money the company is making, reminding us all of exactly how little we're being paid in comparison. And I think he believes it's morale-boosting.
We've done surveys, and people don't really like to get more money for their work. They much prefer the sense of pride and accomplishment when our company makes record profits!
The stupidity of that really baffles me. How can you be so low on empathy and understanding that you don't get that this would be the reaction?
I mean, I understand, even if I don't like, the drive some people have to greedily gobble up every dime they can get their grubby hands on. But I can't understand how they could have thought that the people adversely affected by it would applaud it. It's not like I expect cows to give me a high five when I eat a burger...
That's literally what a bonus is. My girlfriend has a bonus every year. That is, except for the year when her bank had to pay fees for a violation, they didn't pay a bonus then since bonuses are coming out of the profits