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During difficult economic times, should Hewitt sponsor an all-expense paid trip to St. Thomas for their executives and sales leadership group...including family members?
It seems that Hewitt continues to struggle financially with all the layoff that occur, but yet, find enough capital to conduct an all-expense paid trip to St. Thomas for RF, JR, SF, KS, Sales Mgmt, HRO Mgmt, etc.
How does the rest of Hewitt feel about such a trip paid from our bonus plans? How does the rest of Hewitt feel about such a trip knowing our fellow coworkers our being laid off due to economic constraints while the rich enjoy their all inclusive Carribean vacations?
And ALL this while Hewitt lays off American workers and replaces them with Indian workers.
This Obama stimulus plan, who says that companies like Hewitt will hire Americans when there are openings?
Customers are upset, the offshoring of their work has resulted in poor quality. The constant dismissal or talented people in favor of cheap labor will be the end. Clients will NOT renew.
The stock has outperformed the market - or more accurately, the stock has not fallen as far as the S&P 500, etc. But they have ginned up the numbers by gutting knowledge, talent, and quality. That is a strategy that can work in the short term. But eventually, the clients wise up and the competition takes advantage. Mark my words. Consulting is already very having profitability problems. And as the outsourcing contracts expire, fewer and fewer will resign, and making 'the numbers' will be increasingly difficult, if not impossible, to make. The stock will slump and Russ will sell the firm and cash out.
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