Reply to What happens if large percentage take the buy out?

Forum Index » Jobs and Careers

Reply to "What happens if large percentage take the buy out? "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The "buy out" is an Elon Musk troll. There is a reason you only have until 2/6 to take it, and it's because everyone who takes a deferred resignation will just get let go without pay. Musk is going to then brag about getting rid of the 5-10% laziest feds who thought they would actually get paid to do nothing.[/quote]

Getting 10% reduction in Fed headcount will absolutely be considered a triumph. Especially if it was voluntary. Assume 7% voluntary buy outs (not uncommon in the private sector) and another 8% involuntary reduction, altogether 15% reduction in workforce. If output does not decrease, it is without question a victory for the Trump administration. Although privately suspect they are looking at more than 15%. Probably 25%.

I listen to a few Democrats and some have said there's fat that can be trimmed in the bureaucracy so you may be surprised by the relatively minimal opposition. [/quote]

For the millionth time - this is NOT a buy out. It’s an absurdly shady and illusory offer. [/quote]

It doesn't matter what you think. The terminology being used is quite clear. They're calling it a voluntary buy out because people in the private sector are familiar with the term. Getting hung up over terminology is pedantic. The Administration's goal is clear: they want to reduce the size of the Federal bureaucracy and will do it one way or another.

It doesn't mean all Feds are losing their jobs. Most, in fact, will not. Just like most people didn't lose their jobs during the great recession or any other major recessions. But it's realistic to assume that between the reduction in headcount either by fiat or voluntary, cancellation of unfilled roles and eliminating a significant number of federal spending and projects, there will be overall trimming of the workforce.

[/quote]

No, people in the private sector would not understand this to be a buyout as the only company that pulled a stunt like this was Twitter. What the private sector understands as a buy out is specifically drawing up a contract explaining exactly what you will be paid and what you will be expected to do.[/quote]

+100. In the private sector the only thing remotely comparable would be a retention period with a bonus at the end. sometimes so-called “garden leave” when you are left on the payroll and are not actually expected to work is used, but generally it’s one a one-off basis where there is some degree of trust between the parties, and the former employee wants to be able to say “I still work at Company” while they are looking for new jobs. Or it can be used when there is a noncompete or in place of it and the employee agrees to wait it out on payroll while not working elsewhere.

But Musk’s dumb stunt doesn’t correspond to any normal workforce management practice I know of, in the public or private sector. I think he stupidly believed that he actually could get thousands of takers by threatening RTO then making this “offer.” [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics