Receiving this accreditation, Rajesh Nambiar, vice president and general manager, Global Delivery, IBM India, said, "This prestigious accreditation is a testament to IBM's globally benchmarked delivery capabilities and its leadership in the global delivery services arena. With focus on innovation, IBM teams strive for the best results in improving clients' IT and business processes. At IBM process improvement and optimization is a never ending journey and our clients are assured of seamless delivery excellence, irrespective of their geographic location."
The letter, which states, "businesses should be able to find the world's best educated workers," ignores the fact that thousands of the "best educated workers" who already live in the U.S. have difficulty finding work. The letter also repeats the myth that there is a "critical shortage of highly skilled professionals in math and science." This myth has long ago been debunked by a Duke University study published five months ago.
Citing the rapid speed by which yearly H-1B quotas are met, the pro-visa group organization, Compete America helped craft the letter. What the letter ignores is that the quota is largely filled by companies like Wipro, Infosys and Tata which specialize in staffing companies with Indian workers.
Needless to say, administration economists produced various misleading statistics designed to convey the opposite impression, that the tax cut mainly went to ordinary, middle-class Americans. But they also insisted that the benefits of the tax cut would trickle down - that lower tax rates on the rich would do great things for the economy, helping everyone.
Well, Friday's dismal jobs report showed that the Bush boom, such as it was, has run its course. And working Americans have a right to ask, "Where's my trickle?"
It's true, as the Bushies never tire of reminding us, that the U.S. economy has added eight million jobs since that 2003 tax cut. That sounds impressive, unless you happen to know that a good part of that gain was simply a recovery from large job losses earlier in the administration's tenure - and that the United States added no fewer than 21 million jobs after Bill Clinton raised taxes on the rich, a move that had conservative pundits predicting economic disaster.
What's really remarkable, however, is that four years of economic growth have produced essentially no gains for ordinary American workers.
Wages, adjusted for inflation, have stagnated: the real hourly earnings of nonsupervisory workers, the most widely used measure of how typical workers are faring, were no higher in July 2007 than they were in July 2003.
Meanwhile, benefits have deteriorated: the percentage of Americans receiving health insurance through employers, which plunged along with employment during the early years of the Bush administration, continued to decline even as the economy finally began creating some jobs. [...]
Yet the overall economy has grown at a reasonable pace over the past four years. Where did the economic growth go? The answer is that it went to the same economic elite that received the lion's share of those tax cuts. Corporate profits rose 72 percent from the second quarter of 2003 to the second quarter of 2007. The real income of the richest 0.1 percent of Americans surged by 51 percent between 2003 and 2005, and although we don't yet have the data for 2006, everything we know suggests that the income of the rich took another upward leap.
The absence of any gains for workers in the years since the 2003 tax cut is a pretty convincing refutation of trickle-down theory. So is the fact that the economy had a much more convincing boom after Bill Clinton raised taxes on top brackets. It turns out that when you cut taxes on the rich, the rich pay less taxes; when you raise taxes on the rich, they pay more taxes - end of story. [...]
America was a highly unequal society during the Gilded Age, but workers' living standards nonetheless improved as the economy grew. Inequality rose rapidly during the Reagan years, but "Morning in America" was nonetheless bright enough to make most people cheerful, at least temporarily. Inequality continued to increase during the Clinton years, but wages rose, as did the availability of health insurance - and the great majority of Americans felt prosperous.
Luxury extended-stay apartments also provide two things most hotels cannot--space and privacy. On average, corporate apartments have three times the space of a hotel suite at a third to 50% less cost, according to Brown. They are widely used by professionals in the entertainment and fashion industries who want to keep a low profile, as well as government employees, those who need access to local hospitals and people in the process of moving from one city to another. [...]
Whether you're moving for a new job or spending a few months in a foreign city trying to move sales figures, a luxury corporate apartment can go a long way toward making you feel comfortable and helping you focus on what's important--your work. These apartments, Thomas says, "are meant to become a second home." (Editor's note: IBM also offers an "luxurious long-term lodging" for its employees. Details are available here...)
That number is a slight increase from last year’s average of 18.3%, found the survey carried out by market research firm IDC India for the tech publication Dataquest. Seven of the companies in the top ten in salary rankings were multinationals, including IBM, Capgemini and CSC. [...]
But, in what comes as good news for employers that may pay less, there’s a disconnect between salary levels and employees’ satisfaction with them. For instance, HCL Infosystems topped the rankings when it came to employee satisfaction with salaries, but it was at 23 on the actual salary ranking.
“Companies [that] have their act together on employee satisfaction can manage a lower wage bill--and still have satisfied employees,” said Dataquest Chief Editor Prasanto Kumar Roy. [...]
In an industry where attrition rates are very high because there are so many options for software professionals, Infosys loosens the purse strings more for senior employees. It is one of the leading paymasters for professionals with between 10 and 15 or more years of experience. [...]
Professionals with less than five years’ work experience account for 70% of the 1.6 million-strong software workforce, the study says. Only one out of five professionals has between five and 10 years of experience and less than one in 10 professionals has more than 10 years of experience. The average age of tech employees is 28.1 years, and lack of experience is a key challenge at middle management levels.
EDS plans to offer eligible employees an "enhanced" benefit equal to five times the allotted annual funds made to their company retirement plan, excluding interest credits. If applicable, EDS will also offer a benefit to the employees' Benefit Restoration Plan on their behalf, plus $10,000 from the EDS Retirement Plan.
EDS, which ranks second by revenue after International Business Machines Corp among U.S.-based technology-services companies, has been boosting profit by cutting costs, including 5,000 jobs last year, and generating revenue from contracts including a $3.9 billion deal from the U.S. Navy last year.
"Employees that were at the forefront of IT service provision 20 years ago don't have the same skill sets they need today," said Joseph Vafi, an analyst at Jefferies & Co. in San Francisco. "Increasingly, you can find those around the world." [...]
Electronic Data will pay the costs from its pension plan, which Brand said is over-funded.
A report released last month by Goldman Sachs shows that defined benefit pension plans of S&P 500 companies were, in aggregate, fully funded at the end of last year. It was the first time in several years that S&P 500 firms had enough money in the plans to cover their obligations. [...]
Even companies considered poster children for shaky pension plans have bounced back. General Motors was 119% funded at the end of last year, according to Goldman Sachs. Boeing was 101% funded. [...]
Union contracts prevent some companies from freezing their plans. But companies that can are doing so with greater frequency. A diverse group has announced freezes this year, including Hewlett-Packard, Lincoln Financial Group, Goodyear Tire & Rubber and Nasdaq.
The investigators, from the Government Accountability Office, said the money could have been used to reduce premiums or provide additional benefits to older Americans.
Under federal law, Medicare officials are supposed to audit the financial records of at least one-third of the insurance companies each year. But the investigators said the Bush administration had fallen far short of that goal and had never met the “statutory requirement.”
Indeed, they said, the proportion of companies audited by Medicare declined steadily — to 14 percent in 2006 from 24 percent in 2001 — despite a steady growth in Medicare payments to the plans. Those payments now total $75 billion a year, about one-fifth of all Medicare spending.
The Bush administration did not take issue with the findings. [...]
In separate action, the Bush administration is vigorously pursuing money that it says is owed to insurance companies by Medicare beneficiaries. The Medicare agency has sent letters to more than 135,000 people saying they still owe premiums for prescription drug coverage provided in 2006. In most cases, the premiums were supposed to have been withheld from monthly Social Security checks, but the government withheld the wrong amounts or nothing at all.
The society decided to devote its entire advertising budget this year to the problem of inadequate health coverage after reaching a stark and sobering conclusion. It has no hope of meeting its goal of reducing cancer death rates by 50 percent, and incidence rates by 25 percent, from 1990 to 2015 unless cancer patients gain quicker access to screening and treatment. As Kevin Sack recently reported in The Times, the society’s chief executive, John Seffrin, believes that, unless the health care system is fixed, “lack of access will be a bigger cancer killer than tobacco
The society’s campaign is rooted in solid research showing that uninsured patients suffering from cancers of the breast, larynx and mouth were much more likely to have these cancers diagnosed at an advanced stage, when they are less curable, than were patients with private insurance. As a consequence, they faced more difficult and more expensive treatments, a diminished quality of life and a greater risk of death.
Still, she's not only a survivor in the broader sense. She's also the survivor of a time when health-care benefits for retirees were more generous than they are now and will be in the future.
She has health-care coverage from my late father's job as a machinist at the Exxon refinery. And she has health-care coverage through the Texas teacher's system. Her expenses? Mostly the premiums she pays for Medicare.
For those of us approaching retirement, the picture is depressingly different. Most of us will be covered by Medicare and not much else. And while that coverage is valuable, by itself it isn't going to protect us from the ice-cold reality of rising health-care costs. The Employee Benefit Research Institute estimates that Medicare covers only 51 percent of expenses associated with health-care services for most people, and it doesn't kick in until age 65. [...]
Fidelity Investments, which has been tracking retiree health-care costs since 2002, calculated in a report this year that a 65-year-old couple retiring this year will need about $215,000 to cover medical costs in retirement, up 7.5 percent from the previous year. And some estimates are higher.
Shaw's next calls were to Thailand and India.
The price at Bangkok's private Bumrungrad International Hospital: $6,400, including a two-night stay, surgeon's fees, anesthesiologist and drugs. The Apollo hospital in New Delhi: $4,600. [...]
The reputation of outstanding U.S. hospitals has long drawn wealthy patients from around the world. But today, traffic also heads in the opposite direction. It's a trend that quietly has been expanding well beyond facelifts, tummy tucks and dental crowns to embrace all sorts of non-emergency treatments.
The RAND Health Insurance Experiment found that when people paid a greater portion of their health care bills, they used less health care. Recent surveys, however, have found that HSA-eligible enrollees use about as much health care as people with other types of health insurance. Specific price and quality information is not available to people with HSA-eligible health plans, making it difficult for them to find the best deals on health care.
HSAs subsidize high-income families that save for future health costs more than low-income families that save. The HSA tax advantage increases with income. Nationally, the average income for taxpayers claiming an HSA deduction was $133,000 in 2004. The average income for all tax filers in the same year was $51,000. [...]
While several experts have proposed ways to alter HSAs that would make their tax advantages less regressive and encourage savings by low-income enrollees, in their current form these plans have done little to help low-income families save, and they are unlikely to lower the number of uninsured residents in the state.
Supporters say the plans can use market forces to cure the health care system, transforming passive patients into active consumers who seek out the best care at the best price. But, as we noted earlier this year, the plans have proved unpopular with the public.
One possible reason is that roughly half of the workers enrolled in the plans don’t receive any company contributions to the savings plans, leaving the employees to pay higher out-of-pocket costs themselves, according to the survey.
Ms. Loewe was uninsured. Under federal law, she could have gotten Medicaid coverage -- and saved herself a lot of hardship -- if she'd gone to a different clinic less than a half-mile away. But by walking through Good Shepherd's doors, Ms. Loewe unwittingly let that opportunity slip and embarked on a four-year journey through the Byzantine U.S. health-care system.
It was an odyssey that would take her to five hospitals, two clinics, two charitable organizations and two nursing homes in two states. She was denied assistance or care at least six times along the way, for reasons that ranged from not being poor enough to not being sick enough. [...]
Ms. Loewe is one of thousands of women who get caught in a loophole in the Breast and Cervical Cancer Prevention and Treatment Act each year. Under the little-known law passed by Congress in 2000, uninsured women under age 65 who are diagnosed with breast or cervical cancer can have their treatment covered by Medicaid, the government-funded health program for the poor, even if they don't meet all of its eligibility criteria.
But the law gives states an escape hatch. Rather than provide coverage to all comers, states can choose to cover only those diagnosed at clinics that get funding from a federal cancer-detection program. Texas chose the more restrictive option.
I am one of the old guys. Guess what, we do not have it as good as you think. We should have unionized 15 years ago with the first layoffs and stopped it cold. But we were good little IBM'ers and didn't like unions. We thought they were bad for business. WRONG. I will venture a guess that people spend half their time discussing layoffs, worrying about layoffs or just plain being afraid. It has crippled the very freethinking and vibrancy that we were afraid we would lose.
I sign my notes Exodus 2007 because I and many like me will be leaving this year. With IBM clipping the pension there is no longer a reason to toil here. It has become a thankless place to work with meager raises, eroding benefits and staggering workloads. I feel sorry for those I will leave behind but if they won't learn from our mistakes then there is nothing I can do for them. Live Better Work Union. -Exodus2007-
If I were still at my old job, I have no doubt that, by now, I would have been hospitalized for either a physical or mental ailment... and in all likelihood, it would have been the latter. I can't understand why I put myself though that torture... all I can say now is it will NOT happen to me again. I never got the big raises, the stock options, the perks that some are lucky enough to have enjoyed. So be it... I'm too young to have experienced all of this, but that's no reason to be bitter. Things like this change, and usually not for the better. Personally, I took what I got and did the best I could... and, honestly? I'm doing okay. Sure, I was laid off... but my child did NOT starve, I didn't miss a mortgage payment, and, ultimately, I came out ahead.
I just started a new job paying me 20% more than I was making at IBM, and I still have enough left over from my severance and unemployment to pay off a few debts that have been hanging over my head the entire seven years I spent at IBM. Truthfully? The "old timers" are the ones who TRULY have gotten the shaft in all this. Yes, they have things we don't have, but so what? I'm in my mid-thirties and landed a new job in two months... my father was laid off at 60 (not from IBM, but a similar corporation) and could never even get his foot in the door at a new company. He was lucky enough to bridge to retirement... not everyone in his situation is so lucky.
My advice? Accept what is to come and make the best of it. Decide that being laid off is a good thing (because, really... do you want to be one of the poor souls left behind on the sinking ship?). Take time to discover what YOU really want... because IBM could give a flying f***. Let the focus be on YOU for a change... and once you\'ve got that focus on the right place, don\'t let it waver ever again! -Onward and upward-
If it happened to me it can happen to you. Just invest some time in yourself and it will pay off. All I ever see on this board is pissin and moanin..Look people, no one is holding a gun to your head making you stay. Take control of your lives. Don’t let others make the decisions for you. Well I can hear it now…I have a mortgage or I have kids in college I can’t afford to leave. I have a mortgage and I have 2 kids getting ready to enter college. Take control of your life. If you don’t then you will be rewarded the same way sheep are…slaughtered! -NoMoreSheepdip-
Look at the Hot skills they are looking for as well. Although, bottom line, I was a 1 2+ performer my whole career at IBM, with awards and options and still got screwed. I had the key skills that are rare and in demand and still after answering the call for help from management to help another team, I got cut. I transferred over to a team that was desperate for resources and management pleaded for folks to join the team.. 5 months later.. a sore sphincter IBM is DEAD.. its over its riding on what's left of its "imagine" in the market place. All of the top folks that IBM have screwed have taken roosts in companies that IBM is catering to for work.. IBM has shit in its nest for several years now.
This company has gone from a role of customer sat is key .. to if the lawyers get involved we will do something. You cannot be telling me that we are not making money either.. Get prepared and ASSUME you next to go.. From one former IBMer to my fellow IBMers, get a resume ready.. prepare your finances as best as you can.. start looking.. this way when you do get hit.. you will get paid to go to another company like I did. I GOT PAID TO GO TO A BETTER JOB.. It didn't feel that way when I got RA'd because I never thought I would get hit.. learn from me.. NO ONE is safe anymore.. there are no more proverbial rocks to hide under There are jobs out there for us.. our reputation is still good as far as interviewing, but that is changing.
I hear retorts from folks who don't know me when I tell them I worked at IBM.. they come back and tell me they heard is a bad place now.. compare that to the pride you felt when you told people where you worked 5 years ago.. You though if you worked hard and got good ratings-- produced.. you would have a job for life.. Reading these stories brings tears to my heart.. I went thru all of the same emotions you have..learn from all of use former / f*cked over employees.. BE PREPARED Don't bust your ass and give 80 hours cause you are already working 60.. lean your efforts in return.
The threads on vacations are a joke.. my 8+ years at this cluster, I never used all of my vacation.. and if I did take vacation, I had a cell phone and a laptop with me.. Take care.. best wishes to those left.. IBM will continue to decimate the US force thru 2010, with major layoffs coming thru in the waves we are seeing.. There is a special place in hell for sp and team.. and I hope is very painful BTW.. folks due neede to send out union apps.. if you are getting hit and are leaving, I would think one of my last emails would contain links and apps for a union Screw IBM -soresphincter-
Join the union, and then stick it to management! What better way to go out in a blaze of glory! My friends sit on their asses, build a new business while giving the appearance of working THEN leave with a severance check. The sales managers are frustrated because they can't seem to get a charge out of anyone anymore. You can't motivate a destroyed soul or one that has decided to stick it to management. Why work when you know they are going to find ways to not pay you for your efforts with fine print? All you have to see if how the green ST lights turn off or go yellow, etc. at around 4:30PM. People are quitting and not working overtime anymore.
The "sense of urgency" is gone because they know the outcome is the same regardless of what they do. One guy in GTS sales had started a whole new business and made fake sales reports. When he was RA'ed, they found out all the entries he had placed in the sales logs were made up! The inside sales folks in Brazil went nuts! Ha! I knew he was running a second business when he made the mistake to answer the phone with his other business name! One lady runs a catering business and leaves her laptop at the sales counter with ST on just to answer the queries from management as she runs her own business. Bravo! Innovation at its best! -At the Edge of the Crumbling Empire-
Virgin Media has said the jobs are related to an area of work carried out for it by IBM. IBM has confirmed some jobs are now surplus to requirements, but refused to confirm numbers. One upset employee spoke of the perceived "awful way staff have been treated here at Virgin Media". The employee added: "Today, most of the management have also been given notice . . . no valid reason has been given for the staff cutbacks but we have been told not to repeat this to anyone outside of the company which seems quite strange to all of us."
A spokeswoman for Virgin Media said: "It is a decision IBM has made. They are a separate company." A spokesman for IBM said: "In relation to the IBM action, we are constantly rebalancing our workforce in support of the ongoing needs of our business and those of our clients. "This is quite a normal process of balancing resources. "There are a number of individuals who have been issued with statements saying that the roles that they currently undertake are no longer required and now we are going to be entering into a period of consultation with those employees."
He declined to confirm the number of redundancies at 64, but said:"The number I have got is much less than that. We don't want to talk in specifics."
Last October the call centre in Swansea Enterprise Park was seeking an additional 200 employees. It came as ntl, Telewest and Virgin Mobile introduced what was hailed as a "ground-breaking new package" which promised to cut household bills by up to £400 a year. -Anon-
Vault's IBM Business Consulting Services message board is a popular hangout for IBM BCS employees, including many employees acquired from PwC.
You would be best going into to industry for say a larger employer that has good SDLC processes in place, or perhaps a small to medium tier consultancy where your contribution is more visible and appreciated and where they emphasize realistic processes aimed at delivering real client results. IBM thinks processes in and of themselves will guarantee success, and that therefore you can train a monkey to do a job (no guessing how many monkeys exist at IBM, but I've worked for a few ). Processes aid consistency and they do ensure thoroughness, but it's well trained, well performing, skilled consultants that ensure a project's success.
IBM is not likely to train you either. There primary concession to training are computer based courses done in your own time, if you have time. I haven't met a good consultant yet that was good because they did computer based courses. You need RELEVANT class room based training where you can draw upon the experiences of the trainer.
IBM's consulting is not top notch. Not even close. I am amazed at how little I've learned from this company while on board. As mentioned in another post, the training they push on you is web-based and sucks. They force you to put a lot of time into assessing yourself but when your review comes around, if you haven't been billable enough as a consultant, then you are shafted.
I've learned that it's mostly a big game of favorites. No disrespect to senior staff that read this, but a lot of the partners are just not that impressive. They do not know how to properly staff a project. i.e. they staff based on who is not on a project, not who is actually qualified. If someone isn't qualified, they should get rid of them. I have worked with some fantastic people, but they realize they are in a sucking black hole and plan to jump when the time is right for them. One thing this company seems to forget is that employees SHOULD be asking "what can you do for me". If you are ambitious and want to work quality assignments, develop a solid network, enhance your current skills as well as continue to develop, then IBM is not for you.
I've interviewed at other places already and received offers, and one thing each employer had in common was their disdain for IBM. If you are absolutely miserable in your current position and have to get out ASAP, then the most I would use IBM for is a stepping stone for a few months.
Am I wrong?
2 - Time change - Need to load up on sleeping pills to get to bed when flying back east; still doesn't work as hotel is noisy (room near elevator) and bed is uncomfortable; load up on venti coffee in the morning, which helps to some small extent
3 - Flight delays/cancellations - Arrive at airport on Thursday only to find that flight has been delayed 3 hours, which causes you to miss connection and need to spend the night at O'Hare or persuade the airline to comp you a hotel room (if you're lucky, you can get 3-4 hours of sleep, as you have to catch the 7am flight on Friday)
Today's highly compensated executives face many difficulties, including figuring out how they can possibly spend all of the rich rewards they've earned on the backs of ordinary workers. Take a look at the insider trading of many of our IBM executives—spending the cash from all that stock "acquired at $0 per share" must be a real challenge! Or, imagine the difficulty IBM CEO Sam Palmisano will face spending his $10,000 to $20,000 a day pension when he retires!
As a way of helping out our beleaguered, modern-day robber barons this site will periodically feature "spending opportunities" that the "upper crust" of our society may want to take advantage of!
Dubbed the ThinkPad Reserve Edition, the machine is clad in hand-stitched, ahem, saddle-grade premium French leather, no less. Each machine is individually numbered and comes with all-hours executive-class service and support.
This, Lenovo claimed, means users receive access to specially trained, dedicated support staff. So if you spill your Martini on it, they might just tell you how to best clean the leather without spoiling it. However, Lenovo didn't mention how documents will be retrieved if you accidentally wipe your hard drive or how to restore the display if you accidentally drop gold bullion on it.
This site is designed to allow IBM Employees to communicate and share methods of protecting their rights through the establishment of an IBM Employees Labor Union. Section 8(a)(1) of the National Labor Relations Act states it is a violation for Employers to spy on union gatherings, or pretend to spy. For the purpose of the National Labor Relations Act, notice is given that this site and all of its content, messages, communications, or other content is considered to be a union gathering.