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by erik998 1826 days ago
Yes it's OK and I don't decry it because I benefit from it... But the typical FTE will go on thinking the best career path is E3...E6 and along the way get PIPed when no longer needed... They will build castles in the air... But the vendor route allows a different relationship with the firm...

What I mean is most FTE don't realize the other relationship is possible and at a certain compensation level preferable... It's the ignorance of our generation when most FTE don't realize instead of some equity vesting over 4 years they might have been better off with a cash balance defined benefit plan or pension plan with the maximum contribution.

We think we know best but fail to realize it could be better. We get caught up on the LC competition but fail to distinguish an optimal plan outside of the ones presented to us.

Would a union help? I think so... Would it take lots of explaining ... yes....