[ARCHIVED THREAD] - How is your work doing? (Page 1 of 2)
Posted: 10/31/2008 8:34:36 PM EDT
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My company just went to 4 days a week and off for Thanksgiving and Christmas week.
Wife's company laying off 7000. Possible more towards the end of the 1 st quarter. |
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We hit record revenues this month
Sent: Monday, October 27, 2008 3:31 PM
Subject: Record Commercial Insurance Single Day Cash Collections Today there was $1,063,469 deposited in our checking account for commercial insurance. This is a record amount of commercial insurance cash collections for a single day. This is due to increased focus on claims denials, steady patient volumes, a competent and diligent coding staff, strategic price increases and shrinking lag times (the time between the date of visit and the date of billing). We have collected $12,748,405 since October 1st. We only need to collect $629,989 to exceed the October cash goal of $13,378,384. We have four remaining posting days in October, so we should exceed our October cash collection target. Thanks to all who had a part in this effort. Let's not make this the last record cash collection day we set. Thanks again, |
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Well....
Right now we have so much work that a lot of it is getting subcontracted out. From what I know of the spending on the maintenance/repair of current military vehicles/aircraft, they're in pretty bad shape. A lot of the money that would have gone to repairs got used for other stuff so apparently everything is going to shit all at once. My job, IMHO, depends on the outcome of the election. Earlier in the year, my employer was predicting that it would add one to two thousand jobs just at the facility where I work. If the dems cut 25% out of the defense budget, that will likely cause a lot of work to dry up. My employer had ten open positions in the machine shop. I looked the other night and that's down to three....they've only hired a couple of people as far as I know. |
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Quoted:
this "financial crisis" will blow over before too long. It's so over-hyped, it's ridiculous. I work for a large mortgage lender/servicer of loans. This crisis isnt hype. I talk to a hundred people a week or more that are screwed or very close to it. I work in a dept that refinances people that qualify at a lower principle balance than what they have now. This country is in shitty shape. However I will be gainfully employed as long as people are fucked. |
Oct 1st I got cut to 24 hours a week. Two weeks later I started Traffic Watch again at a much higher hourly rate and was able to keep the previous job. With photo flights shoe-horned in I work 54-65 hours a week and the money should be rolling in just in time for the apocalypse!
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Quoted:
Quoted:
this "financial crisis" will blow over before too long. It's so over-hyped, it's ridiculous. I work for a large mortgage lender/servicer of loans. This crisis isnt hype. I talk to a hundred people a week or more that are screwed or very close to it. I work in a dept that refinances people that qualify at a lower principle balance than what they have now. This country is in shitty shape. However I will be gainfully employed as long as people are fucked. Let me guess... The company writes it off as a loss and either gets a tax break, or Uncle Sugar makes up the difference with tax dollars? |
We're not doing too good. Of course I strongly feel that the management is bringing it on themselves. The director of sales/operations has no idea what she is doing. I try to suggest stuff and get ignored. Sooo... I get payed very well and I am just going to get stuff done and nothing more. I will be surprised if the place is still here in two years. 
I know I won't be. (ETA: And I don't plan on getting fired) |
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Quoted:
Quoted:
this "financial crisis" will blow over before too long. It's so over-hyped, it's ridiculous. I work for a large mortgage lender/servicer of loans. This crisis isnt hype. I talk to a hundred people a week or more that are screwed or very close to it. I work in a dept that refinances people that qualify at a lower principle balance than what they have now. This country is in shitty shape. However I will be gainfully employed as long as people are fucked. It is for your sector, many other sectors are booming. 
Im in the oilfield and I cant get time off for a week. The last quarter I took a month off and I still worked 58 days of that quarter. |
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Sales down 15-20% year-over-year
but gross rev is the same $ amnt, if not more. Our business is fairly recession-proof, but is still affected by market turmoil and market roller-coaster rides. Rumor is that the salary funding for my group (5 people) is pre-paid to a holding corp for 3 - 5 years. In other words, the money they spend on us is spent. Looking at good job security in that case. We already run lean and mean so no decent people are going anywhere. |
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Dead here.
We have 1 paying T&M job in progress right now, the tech that started it is parked on it until it is finished (think there is another week left on it. The company moved one field guy into the office and have me doing service work. The worst part is we normally have a 6-12 month gap between when we start a job (prewire) and trim out. For the last 3 years we have always had 2-3 projects in that gap. We have not done a prewire in almost a year now. If the company makes it to Christmas I will be amazed. My friends startup is doing pretty good, so I have been moonlighting for him after hours and weekends. Pay is MUCH better and I get to call the shots on how my work gets done. Only problem is it is not steady work. |
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Quite bad.
Several lay offs, pay cuts for executives and directors (us peons have been spared, for now), no matching funds in retirement until next year, anyone with more than 40 hours PTO forced to use 8 hours every two weeks, schedules flexed, etc. We are on credit hold with half a dozen vendors at any given time. For my department, we have been taken over by a new director and his job is to save money. Things look rather bleak. Basically I worry whether I'll have a job or not week to week. On the plus side, when osamabama wins the election, I can finally have hope and change, and not a worry in the world. 
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I work for a private club. The holidays are coming up, so I'll be working 70-80 hours a week, until after New Year's. This is the busy time of the year for me. No one is losing their job, in fact, we're looking for people. Working for nothing but extremely wealthy people has it's advantages.
The local economy is actually doing quite well. |
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Company has not ordered any new material in 6 weeks.
By noon Tues my crew will be out of material and the machines will stop... then the only tools in use will be brooms and mops... I expect the plant to close the week of Thanksgiving and Dec 19th thru Jan 5th - that is if it re-opens. They have allready moved 80% of the operations to Mexico. [>:/] |
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We've been a company of ~300 employees for the past 10 years. We've just hired 45 and looking to hire another ~100-150 before December 15.
If you are an IT handyman in the Little Rock area with a good work ethic and a broad understanding of site level telecom/surveillance/networking shoot me an email.
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