When the stock goes from 200 to 3500 in 10 years, and consistently goes up and to the right, you won’t find too many of the workers complaining no matter how bad the job conditions are. I have a friend up in Seattle who is suffering, to the point of being hospitalized for mental health issues, but refuses to leave.
So HR and leadership believe that their system “works” but it’s really that their employees are willing to put up with straight up torture. They are deluded into thinking that their metrics and PIP plan work well because their best employees are staying but it’s really just the stock price.
If the stock price starts to drop for whatever reason. All the best employees will leave in droves. That’s what I saw at Uber post IPO.
So HR and leadership believe that their system “works” but it’s really that their employees are willing to put up with straight up torture. They are deluded into thinking that their metrics and PIP plan work well because their best employees are staying but it’s really just the stock price.
If the stock price starts to drop for whatever reason. All the best employees will leave in droves. That’s what I saw at Uber post IPO.