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#31
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![]() Liberty Mutual has regular re-organizations, accompanied by layoffs. In some recent re-orgs, Liberty has given notice to every person in a group, and then had them apply for the new jobs. Liberty regularly lays off both poor performers and good performers who are in the wrong place at the wrong time. There are advantages and disadvantages to working for an employer that regularly selects for excellence.
Also, Liberty may publish a salary range, but it doesn't publish the distribution of salaries within that range. |
#32
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#33
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Most of the re-orgs that I've seen in the insurance world don't impact actuaries. If Liberty regularly lays off actuaries or asks them to re-apply, this would be a big deal breaker for me. One of the best features about this profession is the safety and stability that comes with it. I ain't working for a company where you have a constant fear of being fired due to not performing up to their standards. |
#34
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#35
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#36
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You should hire above average talent but is there enough above average talent that will be happy without climbing the ranks? I have no solution to this btw and am not advocating hiring substandard talent. |
#37
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Recommended Readings for the EL Actuary || Recommended Readings for the EB Actuary |
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#39
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#40
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![]() Once you have too many, you get rid of the bottom x%. A lot of companies operate this way and are transparent about it, e.g., GE, Netflix, etc.
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Recommended Readings for the EL Actuary || Recommended Readings for the EB Actuary Last edited by Colonel Smoothie; 02-10-2019 at 10:18 PM.. |
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