UPDATE: Please leave comments about BOZO things you have experienced at your or other companies! Anonymous submissions OK
I hate to say it, but I am seeing some of the most foolish and downright stupid things coming from Utah companies these days. These things may not be approaching the Yee-Haw ‘Bozofication’ problems that Guy Kawasaki ranted about from his blog-base in Silicon Valley, but there are some wildly dumb things going on out there.
According to the Utah Department of Workforce Services, May 2007’s unemployment rate is 2.5%, where the national rate is currently 4.5%. BYU’s Newsnet validates the data with their recent article, More Jobs … Less Money: Utah Unemployment Rate at 2.4%.
With such unprecedented job-growth and such a freakishly tight labor market (I have interviewed three people this week who “just up and moved here” knowing they would get a job), you would think companies in the area would be tripping over themselves to train and retain the talent they have, knowing that it costs up to 80% of an employees annual salary in recruiting fees and lost productivity to replace an employee once they go.
But, no.
In fact, as I see the market tighten, companies seem to be getting stupider and stupider with their retention systems. In fact, they may as well be paying their employees to leave, rolling out the red carpet for them, and tossing in a trip for them and the fam to Disney Land while they’re at it.
Here are five things that have consistently surfaced in my interviews over the past few weeks when I ask, “Why are you looking to leave your current job.”
At the end of the day, the trend I am seeing simply stems from BAD MANAGEMENT. I wonder if the tight labor market is actually exposing fissures in the infrastructure of these companies to the point that they are letting any Tom, Jane or Harry run the place?
If you are caught working for any of these companies, I would RUN, not walk to your favorite recruiter or job-board and doggedly search for the next opportunity for yourself… or you may be the last comic standing when the walls come tumblin’ down… and it will surely not be funny.
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BTW, I took the test for my company and I score it a 2… maybe a 2.5. I think people in my home office might score it a little higher (I have never seen the CEO’s chair, so I don’t know how much it cost)
Overheard: A branch of a national company wins a “Best Company To Work For” award, and then is invited to the black-tie banquet to celebrate.
Last year, the same branch was rewarded internally by their company as one of the most profitable they have.
Company flies in executives from out of town to attend, explaining to all the local staff that “Sorry, it’s just that the cost to attend is $100 a plate, and it’s just too expensive.”
BOZO!
Update to comment above–all execs being flown in are, of course, staying at five-star hotel…