> Interesting they say their goal is 5-10% when normal attrition is six percent, that means essentially their goal is -6 to 4%
Basically, yes.
If they had worked within the existing VSIP (voluntary separation) and VERA (early retirement) systems, maybe by tweaking things like max payouts, they could have almost guaranteed 10%+ by September, imho.
The haphazard and non-standard way they’ve gone about it, however, makes me think that they will be at the low end of their range.
The other possible explanations are:
- they don’t really intend to pay those who resign (e.g., via admin leave status and then having a furlough in March)
- their ultimate goal is to have people not take the deal so that they can just fire with impunity. Imho, this type of reduction will only work for folks on probation (who, imho, are the only ones who should actually consider taking the resignation offer).
Basically, yes.
If they had worked within the existing VSIP (voluntary separation) and VERA (early retirement) systems, maybe by tweaking things like max payouts, they could have almost guaranteed 10%+ by September, imho.
The haphazard and non-standard way they’ve gone about it, however, makes me think that they will be at the low end of their range.
The other possible explanations are:
- they don’t really intend to pay those who resign (e.g., via admin leave status and then having a furlough in March)
- their ultimate goal is to have people not take the deal so that they can just fire with impunity. Imho, this type of reduction will only work for folks on probation (who, imho, are the only ones who should actually consider taking the resignation offer).