COMPANIES OFFER MORE FREEDOMS TO HOLD ONTO WORKERS.Byline: Maggie Jackson Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. Come fall, AT&T will launch an experiment allowing employees to roam like nomads from project to project, unaffiliated with old-style departments. Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. shortly will offer a second kind of pension plan - one more easily transferred to a new job and more rewarding for employees who quit the company after just a few years. The aim of the changes? To keep good workers. If that sounds confusing, it often is. Like suitors who once spurned spurn v. spurned, spurn·ing, spurns v.tr. 1. To reject disdainfully or contemptuously; scorn. See Synonyms at refuse1. 2. To kick at or tread on disdainfully. v. a lover and are worried about losing another, employers are struggling with how to retain talented employees - and keep them committed - at a time when many bonds of loyalty between them have weakened. Downsizings, restructurings and vast changes in the way we work have demoralized de·mor·al·ize tr.v. de·mor·al·ized, de·mor·al·iz·ing, de·mor·al·iz·es 1. To undermine the confidence or morale of; dishearten: an inconsistent policy that demoralized the staff. employees and left them distrustful dis·trust·ful adj. Feeling or showing doubt. dis·trust ful·ly adv.dis·trust . Workers have been told - either indirectly or straight out - that they are free agents, responsible for their own careers. Now, with jobs plentiful, more workers are taking employers at their word and quitting, leaving companies scrambling to rekindle re·kin·dle tr.v. re·kin·dled, re·kin·dling, re·kin·dles 1. To relight (a fire). 2. To revive or renew: rekindled an old interest in the sciences. the loyalty that only a few years ago many eschewed. ``We were focusing on the wrong things Wrong Things is a collaborative short-fiction collection by Poppy Z. Brite and Caitlin R. Kiernan, released by Subterranean Press in 2001. This short hardback includes one solo story by each author and one story written in collaboration, as well as an afterword by Kiernan. ,'' said Patricia Nazemetz, director of human resource policies at Xerox. ``Employees have asked or expected us to back off'' focusing on ``the concept of . . . no guarantees,'' she said. Xerox, one of the first companies to realize that making workers feel disposable can cripple a business, now gives bonuses to lower-level workers, makes benefits more flexible and gives workers more of a say in their jobs to help persuade them to stay. Other companies are shelling out bonuses and raises, making work more flexible - and bending over backward sometimes to such an extent they seem to promote leaving. ``We struggled with whether the new pension plan won't create more ambiguity and uncertainty in the work force,'' admits Brian Gelles, director of compensation at Texas Instruments. Ultimately, the company decided that other new benefits, including a simpler profit-sharing plan Profit-Sharing Plan A plan that gives employees a share in the profits of the company. Each employee receives into an account, a percentage of those profits based on their earnings. Also known as "deferred profit-sharing plan" or "DPSP". , would outweigh the pension plan's mixed message. Such head-scratching shows how thorny the issue of loyalty can be. It drives to the heart of what a company should be for its workers and what employees should do for their company. It can give security, yet it can be stultifying. Once upon a time, loyalty meant ``sticking around for as long as the company would have you and doing whatever they want,'' says Faith Wohl, a work-family specialist who works for Vice President Al Gore. ``That just doesn't seem appropriate in the 1990s.'' The old kind of loyalty has been swept away amid a flood of changes from outsourcing to downsizing (1) Converting mainframe and mini-based systems to client/server LANs. (2) To reduce equipment and associated costs by switching to a less-expensive system. (jargon) downsizing that often left companies trim and agile but employees anxious. ``I'm hoping for another 10 years with my company, but you never know,'' sighs Kim Ebling, a customer service representative with a Buffalo, N.Y., insurance agency. ``With any employer, there's no security, no matter where you go.'' Workers today mostly are satisfied with their jobs, but don't trust management, studies show. A recent survey of 2,500 workers by Towers Perrin reported 60 percent of workers wouldn't recommend their companies to a close friend. Amid the tumult has arisen the ``new contract'' - a term coined in academia and embraced by business to describe the changing relations between employers and employees. In the past two years, there has been much jawboning During the mid- to late 1960s, the Lyndon B. Johnson Administration tried to deal with the mounting inflationary pressures by direct government influence. Wage-price guideposts were set up, and the power of the presidency was used to coerce big businesses and labor into going along with about how companies will train workers to be more ``employable'' but can't promise lifetime employment. To workers, that has sounded mostly like ``you're on your own.'' ``The whole thing of `come and work for us for five years and have a great time' isn't working,'' says Patricia Milligan, a principal at Towers Perrin consulting. ``The trouble is that's exactly what people are doing.'' Nearly 13 percent of unemployed people in July left their jobs voluntarily, compared with 10.5 percent the same month a year ago, according to the government. The Bureau of National Affairs BNA (The Bureau of National Affairs, Inc.) is a Washington, D.C.-based publisher of news and information on legislation, regulations, and court decisions for professionals in business and government. It is the oldest wholly employee-owned company in the United States. , a Washington, D.C.-based research and publishing firm, has been struggling with the issue of commitment since computerization com·put·er·ize tr.v. com·put·er·ized, com·put·er·iz·ing, com·put·er·iz·es 1. To furnish with a computer or computer system. 2. To enter, process, or store (information) in a computer or system of computers. led to an influx of young hires a few years ago. The company still has a reputation for stability: Employees joke that if you stay three years, you'll retire there. |
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