I work for a pretty big company in the transportation industry and they seem to be taking away some of the benefits that people like us enjoy.
Last year, they changed the ESPP from lowest of beginning and end of offering to just the end of offering. I brought this up with the upper managers and they just said that it's easier for them to do it this way and that it should be viewed as a long term investment anyways. Part of this was due to their stock price going from $60 to almost $100 within a year, it has since crashed back under $60 so I got hosed on the last two period offerings.
Now, I just got a letter in the mail saying that they are switching to once a year 401k contributions. Now I'm not worried about getting let go during the year or anything, but I don't like the fact that I miss out on dollar cost averaging and extra dividends I normally get during the year. I've read a couple articles that have said that the employee really starts to get hurt by this over the years. The match is really nothing special, I think it's 50% match up to 5% or so.
Overall, its a good job, that I get paid $80k + 10% bonus based on divisions performance for and we get yearly 2% raises. I live less than two miles away and I usually work about 35-40 hours a week and none of it is all that stressful or anything. Should I get all worked up about this? Because I kind of just think about what they will do next in order to make some extra money and take away from the employees.
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