Short-term thinking during downturns. Will do anything to keep profitability from dropping without regard for the long-term consequences for the company or employee happiness.
Froze pension in 2015 for young employees, taking away a benefit that they had signed on for, and did not backpay for previous years of service now worth little. This has left most of those affected no longer loyal to Emerson and morale precariously low.
Compensation is below average. Annual increase is limited to 2.5% to 3%. Raises are monetarily insignificant (6% to 9%). Minimal profit sharing in McKinney ($500 per year max). Vacation is only one week for first year even for experienced individuals coming from jobs having 3+ weeks. No extra maternity or paternity leave. Health insurance has high premiums and many common items are not covered.
Emerson significantly values inexperienced MBA’s for management positions over experienced employees. The large percentage of inexperienced individuals churning through management positions and then quickly moving up has created a host of issues. Emerson places very little value in an employee becoming an expert in a field as compensation is driven by changing positions.
