How to get out of the firm (JNJ)

For those with no idea what you are talking about...an JNJ employee who deliverd outstanding ROI to the Corp and was rewarded with improved base pay and bonus over a 20 + period and who retires at 55 can cost the Company approximately $5 million dollars. This includes medical as this poster points out and pension, etc.

When it gets close to that persons retirement, everything is bet on whether that person will continue to produce at the same level. An over 55 individual is simply not as good a bet, even with an outstanding track record, as a 'newer model'. To put the odds more in their favor JNJ has decided to move people out when they get close to the minimum retirement age of 55 to avoid this $5 million cost. Don't tell anyone...ssshhhhh

It's only bad if you are on the wrong end of this...don't worry we're all young. At least today we are.

 

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