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DELETE CASCADE posted:so how does this work? obviously the company benefits in some way by having people contribute to the 401k, otherwise they would not encourage something that just requires them to pay out more matching during a pandemic. my company does a regular 401k match and they frequently highlight it in a way that suggests it is of some value to the company for us to contribute. so i'd like to suggest this to them, but how does the company benefit?
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May 8, 2020 21:12
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Iron Crowned posted:
So...a workplace shooting spree?
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May 8, 2020 21:13
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this is america dummy
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401ks have fairness testing, so making it more generous to lower earning workers lets the owners/senior managers put more in for themselves. https://www.guideline.com/blog/nondiscrimination-test-401k-compliance/
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May 8, 2020 21:14
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CEO announced today what the company bonus plan for this year is, and also announced that we're getting a 25% payout of the top tier bonus on our next paycheck because optimism.
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May 8, 2020 22:39
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I helped a goon friend of mine get hired at my company for a 73% pay increase. They just received their offer letter today. 
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May 8, 2020 23:48
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Iron Crowned posted:Creating the world's most obnoxious cubicle, step one Why are the ceiling tiles not aligned to the cubicle??? Edit: ???OR THE REST OF THE ROOM??? theHUNGERian fucked around with this message at 01:22 on May 9, 2020 |
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May 9, 2020 01:03
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theHUNGERian posted:Why are the ceiling tiles not aligned to the cubicle??? Because that makes for super lovely light distribution when you are using drop in fluorescent fixtures.
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May 9, 2020 01:38
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Motronic posted:Because that makes for super lovely light distribution when you are using drop in fluorescent fixtures. No. Please have this resolved by 7am on Monday.
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May 9, 2020 03:45
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theHUNGERian posted:No. Please have this resolved by 7am on Monday. Unreasonable requests just like that hit too close to home to be reading on the weekend.
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May 9, 2020 17:08
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Kreeblah posted:Apparently I'm WFH permanently now. My company's getting rid of our office building and offering people the choice taking permanent WFH positions, going to other local offices, or relocating. Something I was apparently misinformed about. They're apparently pairing this with massive layoffs despite my company being in one of the few industries that's undergoing massive growth right now, and the parent company continuing to go on acquisition sprees and increasing dividend payouts. I'm not personally getting laid off (nor are any of my folks), but that's pretty much the last straw for me. So, uh, how does one filter for "ethical" (or, really, the closest thing to it that's actually possible in American capitalism) and "good company culture"? I don't exactly see those in the Glassdoor filter dropdowns.
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May 9, 2020 18:08
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Kreeblah posted:So, uh, how does one filter for "ethical" (or, really, the closest thing to it that's actually possible in American capitalism) and "good company culture"? I don't exactly see those in the Glassdoor filter dropdowns. 
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May 9, 2020 18:54
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Kreeblah posted:Something I was apparently misinformed about. They're apparently pairing this with massive layoffs despite my company being in one of the few industries that's undergoing massive growth right now, and the parent company continuing to go on acquisition sprees and increasing dividend payouts. I'm not personally getting laid off (nor are any of my folks), but that's pretty much the last straw for me. Pretty much exactly what’s going on with my company (with the addition of using the pandemic as an excuse to cut already low salaries) and I’m sick of it. They’re also making moves to reopen the office it seems like (I have been going in during mornings because I have lab work to do but it is nice and mostly empty) with a really limited plan that only includes hand sanitizer and cloth masks provided (1 per employee).
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May 9, 2020 19:04
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Kreeblah posted:Something I was apparently misinformed about. They're apparently pairing this with massive layoffs despite my company being in one of the few industries that's undergoing massive growth right now, and the parent company continuing to go on acquisition sprees and increasing dividend payouts. I'm not personally getting laid off (nor are any of my folks), but that's pretty much the last straw for me. PM me when you find out. My company is tightening the belt while also having a year's worth of operating costs just hanging out as cash reserves. On the plus side, they seem to be paying contractors who aren't able to work for them right now and there's no talk of layoffs.
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May 9, 2020 20:03
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My work has been saying that nothing will even be close to normal for a long time. They've been pretty good about setting expectations, and are putting resources into IT infrastructure that can accommodate online work for most of this year, and adjusting ongoing projects for "the new normal". I don't know exactly how they arrive at these decisions, but I work for the school of public health at a big research university and I assume they have a lot of good input from smart people who know about this stuff. The quicker everyone starts to acknowledge that this situation sucks but it is actually happening, the better off we will all be. Reading these stories about businesses trying to pretend they can just start back up like the virus is gone is frustrating. I'm frustrated for them, because a lot of it is probably a survival instinct thing, but this is not going to be willed away.
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May 9, 2020 20:28
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Google says that the majority of its employees will work from home until 2021 That's probably about right for a lot of US companies.
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May 9, 2020 20:36
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Kreeblah posted:Something I was apparently misinformed about. They're apparently pairing this with massive layoffs despite my company being in one of the few industries that's undergoing massive growth right now, and the parent company continuing to go on acquisition sprees and increasing dividend payouts. I'm not personally getting laid off (nor are any of my folks), but that's pretty much the last straw for me. I've been trying to find a job with the city or county I live in for like a year now for just this reason.
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May 9, 2020 20:45
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priznat posted:I’m almost positive the CEO will come back with some drivel about how employees own a substantial number of shares* and how this actually benefits the employees! At my old company our CEO said that we weren't getting raises, but in return let your family know that the company stock price directly helps their mutual funds in their 401ks, so it's like everyone is getting a raise!
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May 9, 2020 21:28
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Lockback posted:At my old company our CEO said that we weren't getting raises, but in return let your family know that the company stock price directly helps their mutual funds in their 401ks, so it's like everyone is getting a raise! lmao it is hilarious when the mask fully slips like that people at my company who had never questioned the system before are all going "wait a minute" now, not that anything will come from it
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May 9, 2020 21:33
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Kreeblah posted:Something I was apparently misinformed about. They're apparently pairing this with massive layoffs despite my company being in one of the few industries that's undergoing massive growth right now, and the parent company continuing to go on acquisition sprees and increasing dividend payouts. I'm not personally getting laid off (nor are any of my folks), but that's pretty much the last straw for me. There really isn't such a thing as ethical capitalism. If you want to be ethical, don't abuse what little power you have in the workplace, report violations of law to the authorities or unbiased media, and donate an amount you feel is appropriate to charities that you believe in. That does a lot more good than taking less money to work for a company that says the right things about ethics while still being accountable only to shareholders.
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May 9, 2020 23:03
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DELETE CASCADE posted:so how does this work? obviously the company benefits in some way by having people contribute to the 401k, otherwise they would not encourage something that just requires them to pay out more matching during a pandemic. my company does a regular 401k match and they frequently highlight it in a way that suggests it is of some value to the company for us to contribute. so i'd like to suggest this to them, but how does the company benefit? A good 401k plan is a terrific, tax-advantaged recruiting tool and adds to employee total compensation without increasing payroll. My place also uses it as a retention tool. I get the usual match on contributions up to 4% with no vesting, but even if I don't contribute anything they contribute 6% of my base salary. The 6% has a 3-year, one-time, cliff vesting event. So if I stick around for 3 years, that 6% annual contribution from the company is fully vested as the contributions are made. It's a built-in 18% retention bonus for staying 3 years and then a tax-free 6% raise. I also just got my stock options and a deliciously low value basis. :woot:
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May 9, 2020 23:12
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Employee stock plan question (yes i know none of you are my fiduciary advisors). I get a 15% discount, and it looks like my cost basis on my forms is the strike price not the actual buy price. In terms of what i owe the Man, is it the true cost basis or just the delta from the strike price?
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May 10, 2020 00:40
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May 10, 2020 01:33
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Tnuctip posted:Employee stock plan question (yes i know none of you are my fiduciary advisors). I get a 15% discount, and it looks like my cost basis on my forms is the strike price not the actual buy price. In terms of what i owe the Man, is it the true cost basis or just the delta from the strike price? So this isn't a liquid investment, i.e. the company isn't public? gently caress. No. Unless you have NPMI and are willing to take a risk.
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May 10, 2020 01:42
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ultrafilter posted:Google says that the majority of its employees will work from home until 2021 Yeah, our communication has started leaning in this direction too, especially for tech support staff.
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May 10, 2020 01:45
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So what's "per my last email," then?
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May 10, 2020 01:46
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HiroProtagonist posted:So what's "per my last email," then? 
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May 10, 2020 02:03
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Tnuctip posted:Employee stock plan question (yes i know none of you are my fiduciary advisors). I get a 15% discount, and it looks like my cost basis on my forms is the strike price not the actual buy price. In terms of what i owe the Man, is it the true cost basis or just the delta from the strike price? You may want to ask an actual tax accountant this, and bring along the legal documentation you have from your job about this.
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May 10, 2020 02:11
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Tnuctip posted:Employee stock plan question (yes i know none of you are my fiduciary advisors). I get a 15% discount, and it looks like my cost basis on my forms is the strike price not the actual buy price. In terms of what i owe the Man, is it the true cost basis or just the delta from the strike price? Agreed that unless this is a public company, buying stock is a shaky proposition. Usually you will just want to sell right away and take the discount as ordinary income. moana fucked around with this message at 05:56 on May 10, 2020 |
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May 10, 2020 03:30
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moana posted:Generally in a qualified ESPP, when you sell the stock the qualified way you would owe capital gains tax on all the gain (both the discount and any growth of the stock) If you don't do it the qualifying way (selling immediately, for example) the original discount gets taxed as ordinary income. Thanks! Also yes i do have a tax person for actual advice, and yes were publicly traded to those who asked. I could potentially just let it build up, but meh 15% discount is pretty good for free* money so i always just cash out.
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May 10, 2020 17:12
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HiroProtagonist posted:So what's "per my last email," then? 
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May 10, 2020 18:16
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I was thinking more something like this: "Per my last email:" 
HiroProtagonist fucked around with this message at 22:51 on May 10, 2020 |
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May 10, 2020 19:49
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"Please advise"
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May 10, 2020 20:52
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Tnuctip posted:Employee stock plan question (yes i know none of you are my fiduciary advisors). I get a 15% discount, and it looks like my cost basis on my forms is the strike price not the actual buy price. In terms of what i owe the Man, is it the true cost basis or just the delta from the strike price? If you sell immediately the discount is income and should appear on your W-2. The stocks basis in this case is the strike price and the gain or loss from that should appear on the brokerage statement.
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May 10, 2020 23:55
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asur posted:If you sell immediately the discount is income and should appear on your W-2. The stocks basis in this case is the strike price and the gain or loss from that should appear on the brokerage statement. It hasnt been showing up on my w2, that seems odd because its actual shares and escrow money not options, but ill see how my tax person handles it. Also some bullshit that theyve been slipping on depositing shares, last year was 2 weeks after strike price date, but this past quarter it slipped to 23 days, instantaneous my rear end. Oh and theyre rolling out salary furloughs a week a time for june and july. Slight chance i may dodge it as im part of a launch team but well see. Lame all around.
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May 11, 2020 00:05
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As per my last email And the previous attempt: https://en.m.wikipedia.org/wiki/Nedelin_catastrophe I'm wondering how soon people are going to quit when "too little money and stress" becomes less useful than "living off savings and a free mortgage with no daily b.s.". Of course this is what the corporations want so they can reset salaries to 1960 and hold them there for the next fifty years. I worked this weekend.  First time in years (not counting events when I'm on the pager). Left Friday thinking there was a flaw in an approach. Enjoyed reopened mountains Saturday. Each trial takes around 30min, so I decided to run a few this morning, but I got stuck and confused as it kept failing despite using the previous approach for more and more steps at the end of the procedure. Finally gave up and went all the way back to the known-good procedure and started adding.It sure is too bad to be right. I told them we were ready for testing weeks ago but no they had all sorts of superfluous questions and extensions. Now I get to tell them, Yeah see this very first thing, it's what we want but doesn't complete in time. Considering how basic it is already, we may have to throw the whole thing away. We could have determined this a month ago if the people with experience knew there was such a small buffer. Instead four weeks of waste. Agile my rear end.
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May 11, 2020 00:53
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Oh yeah, good times in processes with morons. We want to eventually do stuff from our ticketing system. Ticketing system devs ask us to submit a proof-of-concept request. I make the request: "Make a form, take the fields from the form, put them into a one-line script, run the script on a schedule, return the output to the requestor." They look over the request and say it will cost us $15,000. Then my boss and his boss have the "what the hell is this money for and will we have to pay more of it" conversation, which involves your humble messenger being shot at multiple instances. I go back to the devs and ask "hey look if we do this, will we need it for these future things" and they're all "oh this is because the Azure module has to get approved by so-and-so infosec department and that costs our time" BITCH WHEN THE gently caress DID I MENTION AZURE IN THAT REQUEST I'd said that it'd be a nice thing to have in the future but that was never even spoken about as part of this. They activated my Trap Card: "Per My Previous Email" which I'm going to play with "Perhaps There Was A Miscommunication," my hidden card, in attack mode. No response yet, but I hope they hold firm to the price so my boss can say it costs too much and kill the effort entirely. He's literally had me doing stuff for his other team, core Windows engineering, that I'm nowhere near qualified for, this included.
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May 11, 2020 15:06
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Now I want to make a corporate CCG. In other news, after two months of screaming at HR that Covid is the increasing my department’s workload while they already reduced my staff, they finally decided to abolish the “take two weeks vacation this quarter or lose them” policy. This might have been encouraged by a certain middle manager spitefully taking a week off at the most inopportune time and not actually answering email for an entire week 
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May 11, 2020 15:12
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FrozenVent posted:Now I want to make a corporate CCG. https://idle.cards/ 
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May 11, 2020 15:31
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FrozenVent posted:Now I want to make a corporate CCG. http://www.sjgames.com/svtarot/net/ I have one of the physical decks.
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May 11, 2020 16:35
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My company decided to not expire last year’s vacation after the original May deadline after everyone scrambled to burn it up taking every other friday off etc. Thanks guys!
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May 11, 2020 16:47
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