03-01-2006, 08:38 PM
I was just reading a bunch of posts on there and the common thread is wages being low. What these people fsail to realize is that the Corporate Owned retail establishments need to cut their costs to the bone in order to perform for Wall Street. Before my company went public/bought by a corporation, our payroll budgets and wages were considerably higher. When suitors were found, an immense push was made to cut payroll. Now that we are public, there is even more pressure to cut payroll and bring people in at considerably lower wages. The disturbing thing is that they are trying to eventually get to a 20% full time and 80% part time mix. Obviously we will pay peopl less and save on the benefits portion. Corporations have to perform for investors at any cost.
Stavs
Stavs