Ever worked for a company that capitulated?
Discussion
Approx 6 weeks ago the company I worked for employed 6 engineers, 1 junior engineer, 1 apprentice and 1 admin person. Coupled with the 2 company owners this made 11 people in total.
Fast forward to today.
There is a total of 4 people remaining in the business, the apprentice, junior engineer and the 2 company owners.
Every other employee, including myself has either left the business already, is coming toward the end of their notice period (that will be me) or has just handed their notice in today (the final 2 engineers).
The junior engineer and apprentice are actively seeking new roles as well.
Given that the company is an engineering consultancy working in high assurance industries, I just can’t see how it can continue given its current situation?
Has anyone else every been somewhere that has seemingly crumbled in such a short space of time?
Fast forward to today.
There is a total of 4 people remaining in the business, the apprentice, junior engineer and the 2 company owners.
Every other employee, including myself has either left the business already, is coming toward the end of their notice period (that will be me) or has just handed their notice in today (the final 2 engineers).
The junior engineer and apprentice are actively seeking new roles as well.
Given that the company is an engineering consultancy working in high assurance industries, I just can’t see how it can continue given its current situation?
Has anyone else every been somewhere that has seemingly crumbled in such a short space of time?
Not quite the same, but I was temping at a place for a few weeks until my college course started, they were all getting made redundant and the jobs were being sent to India, the whole of the accounts payable/receivable for a large insurance company, except the uk based manager who was in charge of setting it up over there didnt actually ask anyone what they did or where the info came from,
The whole lot fell apart in less than a month and they was begging people to come back, wasnt offering any incentive, wanted them as new starters with few rights/benefits, eventually they gave in and some did go back for more cash and holiday/sick re-instated and kept the redundancy.
The manager left the business.
The whole lot fell apart in less than a month and they was begging people to come back, wasnt offering any incentive, wanted them as new starters with few rights/benefits, eventually they gave in and some did go back for more cash and holiday/sick re-instated and kept the redundancy.
The manager left the business.
It happens. One or two solid contracts suddenly go south, a tender you thought you were a shoe-in for goes elsewhere... any number of things can have a near instant impact on the health of a businesses.
It could be that the owners see more benefit in outsourcing. Have they given you any indication as to the root cause?
It could be that the owners see more benefit in outsourcing. Have they given you any indication as to the root cause?
I work for a much larger business, but we’ve seen this happen within individual business units.
IMO there are a few reasons this happens:
1. Lack of work coming in. Should be less acute in a big business, but people worry if they aren’t busy and might start to feel like a move to another employer means they aren’t at risk of redundancy. I imagine this is amplified if working for a small employer,
2. Poor management. If people don’t feel valued then they naturally start to look at other options. Often these options also come with better pay, or at least the promise of progression.
3. The domino effect. If people start leaving then the workload for those remaining becomes much higher. Combine that with poor management and financial compensation then a new job with 3-6 months of onboarding and a fresh start now looks really attractive.
4. Money. Deliberately last as often it’s now the main motivation. But if you combine a lack of recognition, additional workloads and poor management, then more money to put up with the same old s
t starts to look attractive .
IMO there are a few reasons this happens:
1. Lack of work coming in. Should be less acute in a big business, but people worry if they aren’t busy and might start to feel like a move to another employer means they aren’t at risk of redundancy. I imagine this is amplified if working for a small employer,
2. Poor management. If people don’t feel valued then they naturally start to look at other options. Often these options also come with better pay, or at least the promise of progression.
3. The domino effect. If people start leaving then the workload for those remaining becomes much higher. Combine that with poor management and financial compensation then a new job with 3-6 months of onboarding and a fresh start now looks really attractive.
4. Money. Deliberately last as often it’s now the main motivation. But if you combine a lack of recognition, additional workloads and poor management, then more money to put up with the same old s
t starts to look attractive . survivalist said:
I work for a much larger business, but we’ve seen this happen within individual business units.
IMO there are a few reasons this happens:
1. Lack of work coming in. Should be less acute in a big business, but people worry if they aren’t busy and might start to feel like a move to another employer means they aren’t at risk of redundancy. I imagine this is amplified if working for a small employer,
2. Poor management. If people don’t feel valued then they naturally start to look at other options. Often these options also come with better pay, or at least the promise of progression.
3. The domino effect. If people start leaving then the workload for those remaining becomes much higher. Combine that with poor management and financial compensation then a new job with 3-6 months of onboarding and a fresh start now looks really attractive.
4. Money. Deliberately last as often it’s now the main motivation. But if you combine a lack of recognition, additional workloads and poor management, then more money to put up with the same old st starts to look attractive .
Interesting post, and all points are relevant in this instance.IMO there are a few reasons this happens:
1. Lack of work coming in. Should be less acute in a big business, but people worry if they aren’t busy and might start to feel like a move to another employer means they aren’t at risk of redundancy. I imagine this is amplified if working for a small employer,
2. Poor management. If people don’t feel valued then they naturally start to look at other options. Often these options also come with better pay, or at least the promise of progression.
3. The domino effect. If people start leaving then the workload for those remaining becomes much higher. Combine that with poor management and financial compensation then a new job with 3-6 months of onboarding and a fresh start now looks really attractive.
4. Money. Deliberately last as often it’s now the main motivation. But if you combine a lack of recognition, additional workloads and poor management, then more money to put up with the same old s
t starts to look attractive . Point 2 being the main driver of losing staff.
Point 4 coming second.
Point 3 as the 3rd reason.
Point 1 is now a factor, due to the above, but wasn’t a factor at the time, Infact just before the house of cards started to fall we were discussing where to put the additional staff that would require to fulfil the contracts we had won and were expecting to win.
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