Quote:
Originally Posted by IowaHawkeyeChief
You are going to feel less connected to your job and company if you work remotely. It's just true. Some of my best memories are working with friends at a fortune 500 company right out of college. Great times and I worked hard for the company, as you should, because I agreed to the pay. Most employees prefer more pay in today's job hopping world than a defined benefit retirement/pension plan. This allows them to contribute to a 401k and that money is theirs. If a person saves appropriately, they would be able to purchase lifetime income at retirement that most likely would be similar to what a pension plan would be, but would have more flexibility to make those decisions. If pension plans were offered, the employer would have to pay less in salary, and this is not appealing to the current workforce. This isn't the big bad employer attacking workers. This is the employer's reaction to the current hiring marketplace.
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As a former pension actuary, the move from pension to 401k was primarily driven by desire to de-risk on the employer side. Plain and simple. Yes, portability is an advantage for employees, but let's not get it confused. The current hiring marketplace is a symptom of the disincentivizing of staying long-term, not the other way around.