Cutbacks everywhere

United States
March 20, 2016 7:17pm CST
I was discussing with my hubby about all the cutbacks employers are doing these days. I can understand some of it but honestly it's punishing their hard working current employees. As between our jobs and aquaintances... insurance rates have risen, fewer raises, smaller raises, reduced vacation time, paycuts, elimination of full time job positions, fewer employees, no pensions, reduced pensions, no 401k, no 401k match ect. Have any of these situations impacted you at your job?
4 people like this
7 responses
@allen0187 (26023)
• Philippines
21 Mar 16
It is election here in my country so spending is aplenty as expected. Haven't experienced any cutbacks but I did experience it in previous jobs. Wasn't fun at all!
1 person likes this
• United States
10 Apr 16
Many employers have continued t make cut backs since 9/11 and since the stock market crashed in 08 it just keeps going. Hard to find full time employment for anyone with out a batchelors.
1 person likes this
@allen0187 (26023)
• Philippines
11 Apr 16
@3SnuggleBunnies so true. Instead of having one full time job, people end up having three to five part time jobs!
1 person likes this
• United States
11 Apr 16
@allen0187 I only work a part time job myself (due to family schedules and no child care) but many of my co-workers work up to three part time jobs just trying to keep their bills paid. It's a sad state of afairs. And it's so hard once you hit a certain point in your life when you have a mortgage and children that you can't accept a job with lower pay / hours.
1 person likes this
@katsmeow1213 (28817)
• United States
21 Mar 16
These things are really nothing new. Our insurance rates have risen... but my husband's insurance rates have risen every year since he's had his job. Nothing else has changed at either of our jobs.
1 person likes this
• United States
27 Mar 16
Our rates keep rising but yet he hasn't gotten a raise in years. It seems all one can do is keep finding ways to cut back and or go with out
• United States
28 Mar 16
@3SnuggleBunnies Wow, no raise at all? My husband hit his cap about 5 years ago but they still give him a small raise every year... it's usually only like 10 cents or something but that's better than nothing.
• United States
31 Mar 16
@katsmeow1213 Yep he's been topped out for years. They finally moved him to a higher top out position and yet again no raise.
@JudyEv (96294)
• Bunbury, Australia
10 Apr 16
We are retired luckily but I know many people are doing it tough nowadays.
1 person likes this
• United States
11 Apr 16
As I said in another comment people have to pick up part time jobs on top of their full time jobs or work multiple part time jobs just to make the bills. Many of my co-workers are retiree's but either need the extra income, insurance supplements, or something to do. I don't think we will ever be able to retire.
1 person likes this
@JudyEv (96294)
• Bunbury, Australia
12 Apr 16
@3SnuggleBunnies That is a great shame if retiring won't even be an option. It's one thing doing something because you want to; quite another to do it because you have to.
@JMAndres (737)
• Zamboanga City, Philippines
8 Apr 16
I am still a student now, but my countries economy isn't that stable because of rampant corruptions. I hope when I land a job my country will have better economic status. :)
1 person likes this
• United States
11 Apr 16
Our economy is somewhat stable but the "trickle down" theory of what's good for the head of a company will eventually benefit the employees. There isn't much of anything trickling down. It's more like you should be thankful you have a job that pays more than minimum wage and the benefits of yesteryear are vanishing. Not many of us will be able to retire as I don't now enough of us that can afford to save for retirment.
@Susan2015 (18264)
• United States
21 Mar 16
It's not like the old days. When you could work one place most of your life and then retire with a pension.
1 person likes this
• United States
27 Mar 16
The places that treat their employees like that are few and far between. Usually government, city, county. or postal workers are the only ones that I'm aware of in general. My hubby has been working one place most of his life and all the perks that made people say "wow you work there?" have disappeared.
@Teep11 (6432)
• United States
21 Mar 16
I went through a budget cut with the school system. If the economy suffers the job market will suffer. Benefits are costly and employers are having difficulties compensating their employees.
1 person likes this
• United States
21 Mar 16
My friend who works for a school system is seeing the cuts their school system is making in staff. Though I think school are more politically affected as no politician wants to raises taxes to pay for teachers and tax payers don't want to pay higher taxes. It's all a vicious cycle .
• United States
21 Mar 16
I am pretty sure our 401K rate has stayed the same, it's the insurnace that went different for us. They've always tried to shed hours off our department(s). IT's ridiculous what htey do, and yes they are punishing the hardworkers.
• United States
21 Mar 16
My hubby has lost his 401k match as of this year. Our insurance went up another $100 a month. The other year they cut ours of our full timers at my work instead of 40 they get 34-36 hours. The place my sister worked at for a bit they would only schedule them at 26 hours because the union would force the store to pay benefits at 28 hours so if they don't schedule them they aren't breaking the union contract rules.
• United States
21 Mar 16
@3SnuggleBunnies Corporations and their greed. You think they would learn that if they treated their employees better they'd be able to keep them for longer. They wouldn't have so much turn over.
• United States
27 Mar 16
@ScribbledAdNauseum Agree! But at the same time turn over outside of the costs of training someone is cheaper as they won't be eligable for large amounts of vacations, they pay them less.... why keep someone for 5-10-20 -30 + yrs and pay them a living wage and benefits if someone with less experience walks thru the door and will work for less? I know that's how it is in the hospitals here... told employees a few years back to take a $5/hr pay cut and loose some of your vacation or bub bye!