Pros
If you are hired into an executive role then you will be well taken care of and make a very comfy salary, maybe even a christmas bonus, off the back of the lower paid employee’s hard work.
Cons
We were a mid-sized family-run company that Tech Air aquired less than a year ago. We were their largest acquisition to date and remain the largest company and most profitable company that they control. During the process they sent a “transition team” to play nice and provide assurances to all the employees that nothing major would change. Within the first year, so far, the following has happened: - They took a large chunk of PTO hours and holidays away from us - They took our well-liked health care plan away from us and replaced it with a more expensive, borderline unusable health care plan. Because they took it from us in the middle of summer, this required employees with families (including at least one that was mid-pregnancy) to re-meet an entire second, now much higher, deductible for this year, all on their own. - They took the employee 401k plan away from us and replaced it with a plan that cut contributions and profit-sharing in half. - The big thing that really pushed employees over the top was that they took our Christmas bonuses away from us this year. These had been handed out every year for over a decade. They gave no forewarning or communication that they would be taking these away from us, and we didn’t find out until we left empty-handed on the Friday before Christmas- with no communication whatsoever from Tech Air. Most of the employees depend on this bonus every year to provide Christmas to their families. This was in spite of the employees here turning in record profits and all-time high sales over the past year. They even sent the COO to our location, in the midst of taking our bonuses away from us, to congratulate us on the great year we had turned in for them, talk to everyone about the christmas presents he’d bought, and then ask the group of employees how their christmas shopping is coming along- to which there was a loud, unanimous negative response that he simply dismissed and moved on from. At the very best this could be charged to sheer incompetence and being completely out of touch from their day-to-day operations employees. The perception seems to be more-so that this was simply due to greed and a lack of appreciation for hard-working employees.
