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But younger hires are ecstatic.
Many of the longtime executives let new employees handle the work while they themselves lolled around, waiting for the next vesting period when they could exercise more options—a behavior known derisively by the younger hires as "rest and vest.
This includes 6% comprised by recent hires who will leave before vesting, i.e., with less than five years of service, and 8% comprised by teachers who will vest, but leave before age 51, when the defined benefit benefit starts to exceed the defined contribution benefit for younger hires.
"We like their work commitment, life skills and knowledge, plus we need experienced staff to mentor and train our younger hires.
Similar(56)
The other the awe-of-the-institution syndrome (an issue with young new hires)—is often overlooked.
At times, he said, he felt younger hiring managers saw him as too old -- he was the same age as some of their fathers.
Even the banks themselves send legions of their young hires for training.
Employers still want to see young hires with experience that is relevant to their career choice.
How managers can help their youngest hires make the transition to office life.
In addition to finding new teachers, New York City has a major problem holding onto its young hires.
Moreover, whatever cost reductions companies achieve can be ephemeral if young hires move on to other opportunities.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com