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Thursday, September 4, 2008
Money, money, money, money (stolen from food network)
Any word on our next raise package? OK, you can stop laughing now and answer the question.
13 comments:
Anonymous
said...
You will not be told what it is, how they derived at who gets what percentage and you surely will have a means of checking to see who make how much money. the piss off sheet days are done. You may get 0.0% this year since as you well know we're all overpaid and the economy is booming, even though it appears your living expenses have gone up by 20%. Your perceived diminishing lifestyle is all just a figment of your imagination.
Since UC is no longer running the lab, ULM no longer has to be transparent or open about hire salary increases are determined. Say hello to the return of the smoke filled room...
LLNS is probably looking at the raise package from several viewpoints:
1. Since the money comes out of the operating budget if the budget is tight, don't hand out much and try to keep the Titanic floating a little longer. 2. Show NNSA/DOE that you are reigning in the costs and bonus money will roll in - just not to you and me. 3. You are curious about the raise package? Curiosity is not need to know.
You always need to know what your competition is doing and what they are being paid for. Based on my last 27 years of experience it's always been about those who were managements pets. Ranking had very little to do with performance but was all about perception often twisted by word of mouth by those who bad mouthed their peers to make themselves appear superior in all aspects. Yes, I have the need to know everyone's pay for various reasons and when I do I will make an observation and categorize them as deserving or a kiss butts. The pissoff sheet was a wonderful tool if you used it to learn from instead of a grudge holder.
You're worried about raises? Just wait until you have to start pitching in a large chunk of your salary to keep the TCP1 pension above water.
I highly doubt that the pension made any money this year. The big question is just how much did the pension lose? A pension is expected to return about 8% per year. Most investors are seeing losses of around 5% to 25%! Therefore, you'll be forking over your raises for the next several years and then some to make up for the big loss. That should help speed up the thinning out of the ranks at LLNL, especially among the mid-career and younger employees. These people won't want to stay around and see large portions of their salary hijacked for the rest of their LLNL career.
Bored, Trapped in Your Job? 5 Signs It's Time to Move On
by Jenna Lebel, Experience, Inc.,
When you landed that new job, the world looked great. Now it's been a while, and one of your worst fears has come true -- you're unhappy in your job. When you're spending at least five days a week at work, it makes sense that you'd want to like what you're doing. But there are times when you're in a position or company that doesn't work for you.
If you're unhappy with your job -- and everybody around you probably already knows it -- it might be time for a career transition. Results from an Experience.com survey provide some insight into making the change. According to the survey, the top signal that it's time to transition to a new job is not the boss yelling at you. In fact, the number-one warning sign is:
* Your job has become boring. Most people are not in it just for the money. On the contrary, they're looking for something that gives them the chance to make a difference. If, in fact, you're finding a lack of intellectual stimulation and challenge, you have lots of company -- nearly 30 percent of respondents cited this as their biggest indicator it's time to leave a job.
* Another warning signal to workers that it may be time to make a transition is the lack of growth opportunities. If you're in a dead end job, with no place to move (unless a lot of people grow old and retire), you're in trouble. Twenty-two percent of respondents felt trapped in a position with little room for career progression.
* Others felt they were receiving inadequate pay or benefits. It may not all be about money, but some of it certainly is. Do you feel underpaid? Do you have lousy (or no) benefits? Seventeen percent of employees feel the economic pinch, and when that happens, may have to decide whether their job is really worth it.
* Work friends are very important. If your relationships with co-workers have gone bad, that's a definite sign that it's time to move on. Seventeen percent of those surveyed agreed -- if you're not getting along, you're going to feel like you're suffocating.
* Lack of investment in the company's goals/mission. This is more than just a self-esteem thing, but was mentioned by 13% of the respondents as a key factor indicating a career change. You need to be part of the big picture, or you're not in the picture at all.
Once you encounter the warning signs that it might be time to make a career transition, how long do you wait before you leave?
Most people (52%) said they would wait at least a year to see if it improved. Others were not as patient and hopeful. Thirty-two percent of respondents said they would quit as soon as they found another job, while 16% reported they would stay no longer than six months.
"When you clearly communicate you are under-challenged, wait a few months to see if your superior responds, and if not, it's time to take your knowledge and expertise to a company that will let you grow," one respondent said.
"LANS has yet to begin taking employee contributions for TCP1 at LANL after 2 years." ( 12:05 PM )
They're probably trying to cover up the TCP1 losses until they can't hide them any longer. When the salary contributions to the pension finally hit, I predict they'll be a big shocker.
Many pensions held supposedly "safe" preferred equities from the banks and Fannie Mae because they could get a very easy 8% return. Unfortunately, many of these so-called "safe" preferreds have tanked in value after Fannie went belly up. In the case of the Fannie preferreds (held by many pensions), it looks like the holders will be wiped out, as the Feds have decided they won't protect this class of investors.
Another tactic used by pensions was to jump into the hot commodity markets over the last year. The tanking of the commodity markets over the last two months is tearing huge holes in many pension balance sheets.
My guess is the losses in TCP1 will finally be trotted out by next summer, after about 12 more months of a steep recession have taken place. It's not going to be a pretty sight.
Check out what you're going to get in the newsline. Sad, sad, sad. After you see what you're going to get ask yourself this question. Why did it take 3-6 months of evals and managements valuable time for such lousy raises. LLNS would have been far better off if they just gave everyone 3% across the board instead of play favoritism. The machinist really took it in the shorts, again !!!
I froze my UC and went TCP2. It would appear that the COLA applied to my HAPC will beat my raise this year. Small comfort, but I'll take whatever I can get these days.
13 comments:
You will not be told what it is, how they derived at who gets what percentage and you surely will have a means of checking to see who make how much money. the piss off sheet days are done. You may get 0.0% this year since as you well know we're all overpaid and the economy is booming, even though it appears your living expenses have gone up by 20%. Your perceived diminishing lifestyle is all just a figment of your imagination.
Since UC is no longer running the lab, ULM no longer has to be transparent or open about hire salary increases are determined. Say hello to the return of the smoke filled room...
LLNS is probably looking at the raise package from several viewpoints:
1. Since the money comes out of the operating budget if the budget is tight, don't hand out much and try to keep the Titanic floating a little longer.
2. Show NNSA/DOE that you are reigning in the costs and bonus money will roll in - just not to you and me.
3. You are curious about the raise package? Curiosity is not need to know.
September 5, 2008 8:36 PM
You always need to know what your competition is doing and what they are being paid for. Based on my last 27 years of experience it's always been about those who were managements pets. Ranking had very little to do with performance but was all about perception often twisted by word of mouth by those who bad mouthed their peers to make themselves appear superior in all aspects. Yes, I have the need to know everyone's pay for various reasons and when I do I will make an observation and categorize them as deserving or a kiss butts. The pissoff sheet was a wonderful tool if you used it to learn from instead of a grudge holder.
You're worried about raises? Just wait until you have to start pitching in a large chunk of your salary to keep the TCP1 pension above water.
I highly doubt that the pension made any money this year. The big question is just how much did the pension lose? A pension is expected to return about 8% per year. Most investors are seeing losses of around 5% to 25%! Therefore, you'll be forking over your raises for the next several years and then some to make up for the big loss. That should help speed up the thinning out of the ranks at LLNL, especially among the mid-career and younger employees. These people won't want to stay around and see large portions of their salary hijacked for the rest of their LLNL career.
LANS has yet to begin taking employee contributions for TCP1 at LANL after 2 years.
From Yahoo Jobs....
Bored, Trapped in Your Job?
5 Signs It's Time to Move On
by Jenna Lebel, Experience, Inc.,
When you landed that new job, the world looked great. Now it's been a while, and one of your worst fears has come true -- you're unhappy in your job. When you're spending at least five days a week at work, it makes sense that you'd want to like what you're doing. But there are times when you're in a position or company that doesn't work for you.
If you're unhappy with your job -- and everybody around you probably already knows it -- it might be time for a career transition. Results from an Experience.com survey provide some insight into making the change. According to the survey, the top signal that it's time to transition to a new job is not the boss yelling at you. In fact, the number-one warning sign is:
* Your job has become boring. Most people are not in it just for the money. On the contrary, they're looking for something that gives them the chance to make a difference. If, in fact, you're finding a lack of intellectual stimulation and challenge, you have lots of company -- nearly 30 percent of respondents cited this as their biggest indicator it's time to leave a job.
* Another warning signal to workers that it may be time to make a transition is the lack of growth opportunities. If you're in a dead end job, with no place to move (unless a lot of people grow old and retire), you're in trouble. Twenty-two percent of respondents felt trapped in a position with little room for career progression.
* Others felt they were receiving inadequate pay or benefits. It may not all be about money, but some of it certainly is. Do you feel underpaid? Do you have lousy (or no) benefits? Seventeen percent of employees feel the economic pinch, and when that happens, may have to decide whether their job is really worth it.
* Work friends are very important. If your relationships with co-workers have gone bad, that's a definite sign that it's time to move on. Seventeen percent of those surveyed agreed -- if you're not getting along, you're going to feel like you're suffocating.
* Lack of investment in the company's goals/mission. This is more than just a self-esteem thing, but was mentioned by 13% of the respondents as a key factor indicating a career change. You need to be part of the big picture, or you're not in the picture at all.
Once you encounter the warning signs that it might be time to make a career transition, how long do you wait before you leave?
Most people (52%) said they would wait at least a year to see if it improved. Others were not as patient and hopeful. Thirty-two percent of respondents said they would quit as soon as they found another job, while 16% reported they would stay no longer than six months.
"When you clearly communicate you are under-challenged, wait a few months to see if your superior responds, and if not, it's time to take your knowledge and expertise to a company that will let you grow," one respondent said.
=====
September 7, 2008 12:05 PM
Don't worry that "up to 16%"of your paycheck donations per payday is coming.
"LANS has yet to begin taking employee contributions for TCP1 at LANL after 2 years." ( 12:05 PM )
They're probably trying to cover up the TCP1 losses until they can't hide them any longer. When the salary contributions to the pension finally hit, I predict they'll be a big shocker.
Many pensions held supposedly "safe" preferred equities from the banks and Fannie Mae because they could get a very easy 8% return. Unfortunately, many of these so-called "safe" preferreds have tanked in value after Fannie went belly up. In the case of the Fannie preferreds (held by many pensions), it looks like the holders will be wiped out, as the Feds have decided they won't protect this class of investors.
Another tactic used by pensions was to jump into the hot commodity markets over the last year. The tanking of the commodity markets over the last two months is tearing huge holes in many pension balance sheets.
My guess is the losses in TCP1 will finally be trotted out by next summer, after about 12 more months of a steep recession have taken place. It's not going to be a pretty sight.
Note that UCRP restarting contribution in the near future. Can TCP1 be far behind ?
http://atyourservice.ucop.edu/news/general/0809-judyboyette_message.html
Check out what you're going to get in the newsline. Sad, sad, sad. After you see what you're going to get ask yourself this question. Why did it take 3-6 months of evals and managements valuable time for such lousy raises. LLNS would have been far better off if they just gave everyone 3% across the board instead of play favoritism. The machinist really took it in the shorts, again !!!
FY09 Allocations: Merit Allocation
Administrative (400s ) 2.30%
Technical (500s) 2.00%
S&E's (200s) 2.11%
Technical (300s) 1.54%
A&S Administrative Services (Axx) 1.00%
I froze my UC and went TCP2. It would appear that the COLA applied to my HAPC will beat my raise this year. Small comfort, but I'll take whatever I can get these days.
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