Are there still companies where it's common for workers to stay at their whole working career?

[AgaBoogaBoo]

I was talking with a cell phone distributor the other day in his 50's and we got on the topic of jobs. He was telling me how he wishes he could have stayed with one company and retired with a gold watch, but in today's market he feels it's harder and sometimes pointless to stick to just one company.

Any thoughts?

 

[bctbct]

Companies used to have pensions, now 401s that you take with you.

 

[jhayx7]

The majority, no. The company I work for, yes. After your 20th year with the company here, they give you a gold ring with a blue stone. Great benefits, awesome retirement package. I might work here until I die.

 

[AgaBoogaBoo]

Originally posted by: jhayx7
The majority, no. The company I work for, yes. After your 20th year with the company here, they give you a gold ring with a blue stone. Great benefits, awesome retirement package. I might work here until I die.

What do you do?

 

[Spacehead]

In my experience, it seems companies don't have the loyalty they used to. They can hire younger people for less pay & insurance coverage will be less too.

I'm in manufacturing.

 

[jhayx7]

Originally posted by: AgaBoogaBoo

Originally posted by: jhayx7
The majority, no. The company I work for, yes. After your 20th year with the company here, they give you a gold ring with a blue stone. Great benefits, awesome retirement package. I might work here until I die.

What do you do?

I work in IT for Blue Cross Blue Shield of Alabama

 

[KahunaHube]

at IBM, every other person I work with has been with them for more then 20 years.

If you try hard you can probably work for IBM for 20+ years.. would take a bit of luck from the business side not to make drastic cuts in your dept if you end up in that situation.

You'd make more money changing companies every few years. After a certain age though, it's harder to keep switching.

 

[vi edit]

In my company it's not uncommon at all. Almost everyone on my team has anywhere from 15-30 years of service with us.

My employer has great vacation accruels & true sick time, pay is top notch for the area, and they are pretty family friendly and a genuinely caring company.

Doesn't hurt that there really are only two significant employers in the area either, so if you want to stay in the region, you don't have a lot of choice.

 

[Kanalua]

My Grandfather just retired from Honeywell last month (Feb. 2007 was his last month with Honeywell). He started working for them in 1957...Yesterday was the first day in 50 years he hasn't been "employed" by Honeywell.

From grunt worker to Regional VP over all of Asian-Pacific...

 

[Dr. Detroit]

Sure. Some comapnies still offer a nice retirement package for those that never leave.

 

[jhayx7]

Originally posted by: vi_edit
In my company it's not uncommon at all. Almost everyone on my team has anywhere from 15-30 years of service with us.

My employer has great vacation accruels & true sick time, pay is top notch for the area, and they are pretty family friendly and a genuinely caring company.

Doesn't hurt that there really are only two significant employers in the area either, so if you want to stay in the region, you don't have a lot of choice.

Same here with my company. It would be very hard to leave. You get an extra day of vacation for each year of service, maxing out at four weeks a year.

 

[vi edit]

Originally posted by: jhayx7

Originally posted by: vi_edit
In my company it's not uncommon at all. Almost everyone on my team has anywhere from 15-30 years of service with us.

My employer has great vacation accruels & true sick time, pay is top notch for the area, and they are pretty family friendly and a genuinely caring company.

Doesn't hurt that there really are only two significant employers in the area either, so if you want to stay in the region, you don't have a lot of choice.

Same here with my company. It would be very hard to leave. You get an extra day of vacation for each year of service, maxing out at four weeks a year.

After 15 years of service you are earing 11.5 hours per payroll. That's about 300 hours a year, or about 37 days a year vacation. You can bank up to 76 days worth of vacation.

PLUS...we have sick time that we accrue at like 4 hours per pay period. We can accumulate up to 480 hours of that.

If I miss one day from illness, any day after that comes off my sick time.

If you are a woman, and you get pregnant, you only have to burn one day of PTO and then everything else comes off of sick time. It's a decent deal.

 

[DaveJ]

Same here... quite a few of the people I work with have been here for 20+ years. Our current network security guy was the one who admined and built the original network from scratch (and got us a class B IP block, woohoo!). There was one guy last year who retired from the Physical Plant after working here for 50 years. :Q I'm considered a "short-timer" because I've only been here 10 years.

I'm 30, and I fully expect to retire from working here. I have no plans to go anywhere.

Dave

 

[jhayx7]

Originally posted by: DaveJ
Same here... quite a few of the people I work with have been here for 20+ years. Our current network security guy was the one who admined and built the original network from scratch (and got us a class B IP block, woohoo!). There was one guy last year who retired from the Physical Plant after working here for 50 years. :Q I'm considered a "short-timer" because I've only been here 10 years.

I'm 30, and I fully expect to retire from working here. I have no plans to go anywhere.

Dave

I will be in the same boat. Being able to draw pension at age 40 FTW!

 

[rudder]

Federal Government Inc.

 

[bennylong]

I have worked for the same company for the past 7 years, but I don't believe this will be the last company I will work off. We have already gone through 2 layoffs in the 7 years I have been there. I'm just waiting for the day when they tell me I have 1 hour to clean up my desk and get escorted out by 2 security guards.

 

[AMDMaddness]

Cingular/AT&T I was hired in right before they ditched the pension so at 20yrs im out on retirement. Im at 4 yrs now heh

Pete

 

[her209]

The longer you stay with one company, the more benefits you reap. For example, vacation accrual is sometime based on length of employment.

 

[3NF]

1st job - 2 years
Current (2nd) job - 5 years, and I don't have any plans to leave that any time soon.

 

[mercanucaribe]

Originally posted by: rudder
Federal Government Inc.

Yeah I've met lots of people who have worked for the NPS their whole lives.

 

[PeeluckyDuckee]

It may not be the case for the majority of business out there, but from the ones I've dealt with they prefer to hire many employees on a part time basis rather than a select few full time regulars. I'm assuming that way they can minimize their benefit liability. When I see things like this happen to xyz company, it doesn't make me feel good knowing they're dicking around with their employees. What's there to be loyal about?

 

[IGBT]

..become a cop. You'd look good in a uniform.

 

[SarcasticDwarf]

Originally posted by: Kanalua
My Grandfather just retired from Honeywell last month (Feb. 2007 was his last month with Honeywell). He started working for them in 1957...Yesterday was the first day in 50 years he hasn't been "employed" by Honeywell.

From grunt worker to Regional VP over all of Asian-Pacific...

Yet Honeywell is also very well known for laying off employees just before they hit retirement age and more importantly, regular (at least once per year) major layoffs.

 

[nissan720]

Utilities, oil companys, defence contractors, and most other groups that are highly regulated by the government.

 

[mugs]

There's a lot of people at my company who have been there many years (especially if you count the time they were at their previous company before it was acquired by my company, if applicable).

I don't plan on leaving until I have a compelling reason.