Okay, if you don't already know where I work, then I won't tell you outright. Let's just say that there is a low prime number in the company name.
It would appear that the company is being hit by the economic crunch. Plus we didn't make financial goals for two months straight. December's looking better, as we're close, but... they're incorporating a few cost-saving measures...
1. Suspension of Employer-Matching on 401k accounts. Not a biggie, I think. At least, when compared to items 2 and 3.
2. Merit increases (read: raises) are on hold for 2009 until further notice. Oh this hurts us. Big time. I haven't had a raise due to company financial reasons since my first review.
3. PTO carryover is eliminated for 2008 and 2009. Now, this doesn't affect me too much, as I would have been carrying over one, maybe two hours. This hurts those who have anywhere from a few days to a week or two that were going to be carried over. Now comes the mad dash to take PTO before year's end. And what a time to announce it -- two weeks before year's end. Everyone's scrambling. If the scheduling page doesn't allow people to take the PTO because of those of us who scheduled vacation months ago are already out, then I foresee a lot of cases of "blue flu" where loads of people call in "sick." Guess they want to run on a skeleton crew.
The last two items are probably enough to make people want to walk out the door, or at least consider and explore other options.
I'm going ot tough it out, since they're going to give us Cisco cert training early next year.
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