18 ms·
Agree. But I don't think that mutual lack of trust between employers and employees can be fixed, primarily for one reason - executive compensation (which has mu
by jazzyk 11y ago
Agree. But I don't think that mutual lack of trust between employers and employees can be fixed, primarily for one reason - executive compensation (which has multiple repercussions):
Many executives are incentivized to maximize short-term "results" at the cost of long term strategy. Once the reality bites (stock is falling, due to lower revenues, due to outdated products), they quickly come up with a "turnaround plan". The stress is on "quickly", so there is no time to re-train existing workforce, which is fired and new people with required skills come in (at a huge price of recruiting costs, ramp-up time, etc).
Executive compensation should not be tied so much to the stock price, as it leads to pump-and-dump tactics, killing companies in the long term and doing a lot of harm to employer-employee relations as well.