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Why do so banking and elite consulting companies still practice up or out

What was the point in the first place and what’s the point n...
duck-like senate
  06/13/18
up or OUT LOCKSTEP
diverse yarmulke
  06/13/18
Because there are too many good people swarming them, so the...
Plum Theater Stage
  06/13/18
why not keep people that are already acclimated to the cultu...
duck-like senate
  06/19/18
$$$$$$$$$$$
green harsh queen of the night
  06/19/18
then why don't other companies do it
duck-like senate
  06/19/18
Because turnover creates more jobs for everyone.
charismatic pozpig
  06/19/18
They whittle ppl down until they get the best of the best of...
Plum Theater Stage
  06/19/18
...
duck-like senate
  06/19/18
Doesnt military do this too to save pension costs?
internet-worthy adventurous skinny woman
  06/19/18
I don't think they up and out people specifically for pensio...
curious business firm
  06/19/18


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Date: June 13th, 2018 9:26 PM
Author: duck-like senate

What was the point in the first place and what’s the point now?

(http://www.autoadmit.com/thread.php?thread_id=4001568&forum_id=2#36241477)



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Date: June 13th, 2018 9:26 PM
Author: diverse yarmulke

up or OUT LOCKSTEP

(http://www.autoadmit.com/thread.php?thread_id=4001568&forum_id=2#36241479)



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Date: June 13th, 2018 9:31 PM
Author: Plum Theater Stage

Because there are too many good people swarming them, so they have the luxury of choice.

(http://www.autoadmit.com/thread.php?thread_id=4001568&forum_id=2#36241516)



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Date: June 19th, 2018 12:56 PM
Author: duck-like senate

why not keep people that are already acclimated to the culture. why start over with a fresh batch of potential misfits



(http://www.autoadmit.com/thread.php?thread_id=4001568&forum_id=2#36272079)



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Date: June 19th, 2018 12:57 PM
Author: green harsh queen of the night

$$$$$$$$$$$

(http://www.autoadmit.com/thread.php?thread_id=4001568&forum_id=2#36272082)



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Date: June 19th, 2018 1:00 PM
Author: duck-like senate

then why don't other companies do it

(http://www.autoadmit.com/thread.php?thread_id=4001568&forum_id=2#36272102)



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Date: June 19th, 2018 12:59 PM
Author: charismatic pozpig

Because turnover creates more jobs for everyone.

(http://www.autoadmit.com/thread.php?thread_id=4001568&forum_id=2#36272091)



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Date: June 19th, 2018 2:27 PM
Author: Plum Theater Stage

They whittle ppl down until they get the best of the best of the best: or at least the true believers, the Kool-Aid drinkers.

(http://www.autoadmit.com/thread.php?thread_id=4001568&forum_id=2#36272651)



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Date: June 19th, 2018 12:55 PM
Author: duck-like senate



(http://www.autoadmit.com/thread.php?thread_id=4001568&forum_id=2#36272069)



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Date: June 19th, 2018 2:29 PM
Author: internet-worthy adventurous skinny woman

Doesnt military do this too to save pension costs?

(http://www.autoadmit.com/thread.php?thread_id=4001568&forum_id=2#36272666)



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Date: June 19th, 2018 2:48 PM
Author: curious business firm

I don't think they up and out people specifically for pension cost reasons. Rather, they will terminal someone out at a rank/role (which does cost contain to some extent) and it's up to that person if they want to stick it out for the duration or opt to leave when their enlistment contract is up. In general, the military has a shortage of headcount in a lot of roles, so they're usually offering bonuses and stuff to get people to stay. Even when you're retired, you're not reaaallllyyy retired, they have an option to call you back.

Source: Friend of mine from HS who did a full enlistment through to retirement as an air traffic controller and then a recruiter. LOL @ him being the "dumb one" who enlisted in the Army...now he is functionally retired in are country w/ a home, RV, motor cycle, boat, guitars, etc. not giving a shit about anything. Works part time as an ATC at a chill regional airport, people thank him for his service all the time, overall a very 180 existence for someone still in their 40's who was able to punch the military clock for 20 years.

(http://www.autoadmit.com/thread.php?thread_id=4001568&forum_id=2#36272761)