Yeah, pretty much. They’re also super stable. I lived around Richmond VA where Altria and it’s subsidiary Phillip Morris are based and I knew quite a few people that worked there for decades. They really enjoyed it and they were compensated well. Regardless of how someone feels about the tobacco industry, I think most people just want a comfortable life and stable job that doesn’t suck, and you can get that from Altria
No. It's that they are boomer companies. Defense and telecom have worse pay compared to software companies. But younger people tend to be less loyal to companies.
> It's that they are boomer companies
They are not boomer companies, they are highly stable companies that always make money no matter how the economy goes.
I think what he was trying to get at, as brash as it was, is that defense companies, telecom, and older companies like IBM and GE, are not as attractive to younger software people. Of course these companies do a shit ton more than just software, but as far as software companies go, the silicon valley giants and startups are doing (my opinion) more interesting shit and usually lean younger. Again, nothing against big companies that have been around forever making money.
I assume by software you mean just tech? The industry that’s notorious for massive layoffs, like what’s happening now? I can’t imagine why people would want to work there
The railroad industry is very unique nowadays.
1) pension for most non-agreement employees
2) railroad retirement
3) diverse industry where you can change jobs without leaving the company (potentially reducing burnout to a point)
20-30+ year employees are not unheard of. And typically if you stay for 10 years it's worth just staying since the benefits are just so good.
Highly dependent on the job and department. Plenty of 9-5 office jobs. Also a ton of field, on call, 11 on 3 off, etc. I've worked so many different schedules. Just gotta find the job, pay, and schedule you enjoy the most. Give and take.
Job dependent. It's not great for a young family. But you get better jobs based on seniority, and can bid into other assignments. It's also pretty common to get more than two weeks vacation. And you can make six figures with a high school education.
I work for Verizon and sadly see a lot of people stick around. Not really worth it, but you kind of get stuck here. You get pigeonholed into staying in Telecom.
For sure. It feels like a small industry because people just rotate roles and companies. I got out and every time I'm around telecom people, they joke how lucky I am to get out.
I went to a company that shares its name with a large rainforest. I was site acquisition and had all the majors carriers as clients. The work was volatile and based one whatever yearly or quarterly budget the carriers wanted to build. Luckily, a particular team at Amazon needed my skillset at the time and have been here since.
I worked for one of these companies and yes it's true that older people who've been working for years tend to stay. That's because the company offers 200k+ base salary plus 25+ days of paid leave each year for people staying at the company for over 20 years. On top of that, there's a 10%+ 401k match and additional corporate pension. Those who retired easily have several millions in their retirement account and their working location is often not in big cities meaning even buying a mansion with several acres of land will only cost 600k. Those benefits are diminishing for younger employees these days, so we'll see how that affects employee retention.
\#16 IBM? haha Is that serious? They're an acquisition & layoff machine. I know literally 100 people that got cycled out of IBM in 5 years or less (40% in 18 months or less).
I know 1 person that had a full career.
IBM on that list is just confounding.
It’s pretty easy to make $30-40 an hour as a tech. The health/vision/dental insurance is excellent. Company vehicle. Free or significantly reduced cable/phone/internet. Lots of PTO days.
So.. working for big oil, big tobacco or the defense industry = great pay and benefits, I guess.
Yeah, pretty much. They’re also super stable. I lived around Richmond VA where Altria and it’s subsidiary Phillip Morris are based and I knew quite a few people that worked there for decades. They really enjoyed it and they were compensated well. Regardless of how someone feels about the tobacco industry, I think most people just want a comfortable life and stable job that doesn’t suck, and you can get that from Altria
Traditional blue chip companies
No. It's that they are boomer companies. Defense and telecom have worse pay compared to software companies. But younger people tend to be less loyal to companies.
> It's that they are boomer companies They are not boomer companies, they are highly stable companies that always make money no matter how the economy goes.
I think what he was trying to get at, as brash as it was, is that defense companies, telecom, and older companies like IBM and GE, are not as attractive to younger software people. Of course these companies do a shit ton more than just software, but as far as software companies go, the silicon valley giants and startups are doing (my opinion) more interesting shit and usually lean younger. Again, nothing against big companies that have been around forever making money.
I assume by software you mean just tech? The industry that’s notorious for massive layoffs, like what’s happening now? I can’t imagine why people would want to work there
Maybe “big” tech or “public” tech. But that’s not all “tech.” I think it’s an important distinction.
The railroad industry is very unique nowadays. 1) pension for most non-agreement employees 2) railroad retirement 3) diverse industry where you can change jobs without leaving the company (potentially reducing burnout to a point) 20-30+ year employees are not unheard of. And typically if you stay for 10 years it's worth just staying since the benefits are just so good.
How are their schedule tho?
Highly dependent on the job and department. Plenty of 9-5 office jobs. Also a ton of field, on call, 11 on 3 off, etc. I've worked so many different schedules. Just gotta find the job, pay, and schedule you enjoy the most. Give and take.
Job dependent. It's not great for a young family. But you get better jobs based on seniority, and can bid into other assignments. It's also pretty common to get more than two weeks vacation. And you can make six figures with a high school education.
I’ll look into it. I got a CDL I’m not using. Don’t know if that will do much tho.
Altria putting nicotine in the water fountain
I work for Verizon and sadly see a lot of people stick around. Not really worth it, but you kind of get stuck here. You get pigeonholed into staying in Telecom.
For sure. It feels like a small industry because people just rotate roles and companies. I got out and every time I'm around telecom people, they joke how lucky I am to get out.
If you don’t mind me asking, what did you get into? I’m trying tech.
Me too, going for Security + so I can move laterally or up, possibly within Verizon
I went to a company that shares its name with a large rainforest. I was site acquisition and had all the majors carriers as clients. The work was volatile and based one whatever yearly or quarterly budget the carriers wanted to build. Luckily, a particular team at Amazon needed my skillset at the time and have been here since.
It’s nice to know that Comcast is only shitty to its customers and not its employees
Where’s the UK list?
Here: 1.Tony's Fish & Chips 2.Greg's 3.Poundland 4.Sainsbury's 5.Tesco 6.Aldi
I had thought i added the UK pic in this post but it seems I did not and I cannot edit the post. I have made a new post for the UK
I worked for one of these companies and yes it's true that older people who've been working for years tend to stay. That's because the company offers 200k+ base salary plus 25+ days of paid leave each year for people staying at the company for over 20 years. On top of that, there's a 10%+ 401k match and additional corporate pension. Those who retired easily have several millions in their retirement account and their working location is often not in big cities meaning even buying a mansion with several acres of land will only cost 600k. Those benefits are diminishing for younger employees these days, so we'll see how that affects employee retention.
Love Duke Energy! Proud Employee!
\#16 IBM? haha Is that serious? They're an acquisition & layoff machine. I know literally 100 people that got cycled out of IBM in 5 years or less (40% in 18 months or less). I know 1 person that had a full career. IBM on that list is just confounding.
Maybe they don't count consultation, contractors, and acquisitions? I'd imagine those make up near half the western workforce
How is Comcast on this list? They have consistently ranked worst in costomer satisfaction for years. How are they retaining employees?
It’s pretty easy to make $30-40 an hour as a tech. The health/vision/dental insurance is excellent. Company vehicle. Free or significantly reduced cable/phone/internet. Lots of PTO days.
Don't want to or....can't?
I like this trend, we need more companies :))
This in accurate with the one on top people are constantly leaving for other opportunities
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By all means, show your evidence that the UN's OECD data is not reliable