Why do so banking and elite consulting companies still practice up or out
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Date: June 19th, 2018 2:48 PM Author: razzle office brethren
I don't think they up and out people specifically for pension cost reasons. Rather, they will terminal someone out at a rank/role (which does cost contain to some extent) and it's up to that person if they want to stick it out for the duration or opt to leave when their enlistment contract is up. In general, the military has a shortage of headcount in a lot of roles, so they're usually offering bonuses and stuff to get people to stay. Even when you're retired, you're not reaaallllyyy retired, they have an option to call you back.
Source: Friend of mine from HS who did a full enlistment through to retirement as an air traffic controller and then a recruiter. LOL @ him being the "dumb one" who enlisted in the Army...now he is functionally retired in are country w/ a home, RV, motor cycle, boat, guitars, etc. not giving a shit about anything. Works part time as an ATC at a chill regional airport, people thank him for his service all the time, overall a very 180 existence for someone still in their 40's who was able to punch the military clock for 20 years.
(http://www.autoadmit.com/thread.php?thread_id=4001568&forum_id=2#36272761) |
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