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Are the savings from not hiring assistants being passed on to rank-and-file employees via salary or distributed to shareholders and the C-suite? An employee's s
by alexjplant 5y ago
Are the savings from not hiring assistants being passed on to rank-and-file employees via salary or distributed to shareholders and the C-suite? An employee's salary doesn't magically go up because their burdened rate goes down.
Let's also not forget the fact that if you're in contracting/consulting it's more lucrative for you to charge the customer for a technical person's expensive time spent on administrivia than it is to hire additional labor and bill them for "the help".
- cratermoon 5y agoLet me clarify: my salary didn't go up because the company fired all the admin assistants. My salary is higher now because I'm a senior engineer. What they pay me and all the other engineers for is our programming ability, but they also pay us to do admin self-service. If there truly was an overall cost savings attributable to reduced headcount (and I'm skeptical), I don't know where it went. I do know that for accounting Reasons, public companies love to show reduced personnel costs on their annual report.