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Overworked Employee Quits Because He Wasn’t Getting A Fair Wage, Costs The Company $40 Million
221points
7.3K
Social Issues7 months ago

Overworked Employee Quits Because He Wasn’t Getting A Fair Wage, Costs The Company $40 Million

Not paying your employees a fair wage can have disastrous consequences for the company’s bottom line. Some business owners realize this only when it’s far, far too late.

Redditor u/slw_motion_trainwrck opened up about how he quit his low-paying, exhausting IT job at a major multinational company… and how the day after he left work, the business lost $40 million. In three very extensive posts on r/antiwork, the redditor detailed exactly how this happened, and the read is absolutely riveting.

Scroll down for the full story and more details about why exactly the manufacturing company that makes components for the automotive industry lost as much money as it did, dear Pandas. It’s definitely worth your attention. You’ll see just how low companies go and how far from every promise is worth listening to if it’s not in writing.

Financial expert Sam Dogen, the author of ‘Buy This, Not That: How to Spend Your Way to Wealth and Freedom’ and the founder of Financial Samurai, was kind enough to share his opinion with Bored Panda on how to gauge if someone is underpaid.

“The best way to gauge if you are underpaid is to ask your colleagues and other people in your industry what they are getting paid. They might be hard-pressed to reveal their figures at first. Therefore, you can ask for a range and also volunteer your wage and ask for their guidance. Getting average wages for your job based on online websites is not too helpful given their numbers are averages and all over the place,” he told us that employees should ask around to see if they’re being paid a proper wage.

According to financial expert Sam, a good employee knows their value. “The more an employee is irreplaceable, the more valuable the employee is. Therefore, if you know that your business will run just fine without you for one month or longer, you may not be as valuable as you think,” he said. “On the other hand, if you feel your business will suffer if you’re out longer than a week, then you are considered more valuable. No manager wants to lose a valuable employee because it takes a lot of time to find and train a new employee.”

An IT specialist, who was very overworked and incredibly underpaid, decided that he wanted better work conditions

Image credits: Flipsnack (not the actual photo)

However, the multinational company was less than friendly, and drove itself into a huge financial mess as a result. Here’s the full story

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Bill Allen
Community Member
7 months ago

Average 16 hours a day for a year? I’m not even going to do that. And no overtime? A salary is for eight hours a day and maybe an occasional hour or two over. The fact that this person is a supposed to be a good IT and worked several years for around $30k and then withstood over a year with that abuse makes me wonder what is wrong with him.

Two_rolling_black_eyes
Community Member
7 months ago

Another sign that IT is not valued is they are considered labor exempt - companies don't have to follow the federal labor laws.

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Al Christensen
Community Member
7 months ago

"Right to work" means you have the right to work for sh!t wages and bosses who have no obligations to treat you fairly.

Octopussy
Community Member
7 months ago

Not always. We live in a Right to Work state. When I took over as DOO of our firm, I immediately gave everyone raises that were almost 1/3 additional to their previous salaries. I also started paying 100% on all medical premiums (from 30%), increased their company-paid life insurance by 300%, doubled their number of sick days and vacation allotments, and created a new bonus structure that ensured most of my workers had an easy way of making bonuses when they performed well. I created fun things at work, started an employee appreciation campaign that my employees really appreciated, and also started being much more flexible about office hours bc I started basing work hours on performance and work quality. My partners thought I had lost my mind at first, but I think our firm is proof that you don't have to be a d**k boss to get good work. Although the flip side of this is that I have to get rid of dead weight as soon as possible, because one bad apple can spoil everything.

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timhood
Community Member
7 months ago

Another way-too-long tale of "sticking it to the man" folklore.

Jonathan West
Community Member
7 months ago

For real.... No such thing as a multinational, billion dollar company that has a department where one man runs 3 plant's IT all by himself, 24/7, when an outage costs 200k/second. It just doesn't exist, this whole post is b******t, and anyone who believed it should feel really stupid.

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Bill Allen
Community Member
7 months ago

Average 16 hours a day for a year? I’m not even going to do that. And no overtime? A salary is for eight hours a day and maybe an occasional hour or two over. The fact that this person is a supposed to be a good IT and worked several years for around $30k and then withstood over a year with that abuse makes me wonder what is wrong with him.

Two_rolling_black_eyes
Community Member
7 months ago

Another sign that IT is not valued is they are considered labor exempt - companies don't have to follow the federal labor laws.

Load More Replies...
Al Christensen
Community Member
7 months ago

"Right to work" means you have the right to work for sh!t wages and bosses who have no obligations to treat you fairly.

Octopussy
Community Member
7 months ago

Not always. We live in a Right to Work state. When I took over as DOO of our firm, I immediately gave everyone raises that were almost 1/3 additional to their previous salaries. I also started paying 100% on all medical premiums (from 30%), increased their company-paid life insurance by 300%, doubled their number of sick days and vacation allotments, and created a new bonus structure that ensured most of my workers had an easy way of making bonuses when they performed well. I created fun things at work, started an employee appreciation campaign that my employees really appreciated, and also started being much more flexible about office hours bc I started basing work hours on performance and work quality. My partners thought I had lost my mind at first, but I think our firm is proof that you don't have to be a d**k boss to get good work. Although the flip side of this is that I have to get rid of dead weight as soon as possible, because one bad apple can spoil everything.

Load More Replies...
timhood
Community Member
7 months ago

Another way-too-long tale of "sticking it to the man" folklore.

Jonathan West
Community Member
7 months ago

For real.... No such thing as a multinational, billion dollar company that has a department where one man runs 3 plant's IT all by himself, 24/7, when an outage costs 200k/second. It just doesn't exist, this whole post is b******t, and anyone who believed it should feel really stupid.

Load More Replies...
Load More Comments
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