101–110 of 132 posts
Earlier quoted context omitted.
Wouldn't profit per employee per hour make more sense?
Why would that make more sense than profit per employee or (sub)contractor per hour if we’re trying to measure efficient use of human capital?
Earlier quoted context omitted.
Telecomms do this for laying new wires/fiber too. They subcontract most all of the lashing, digging, and boring and the pulling of actual fiber lines, leaving the ends loose, and only then use their own employees to go out and actually splice them into the previous lines or into an active network. The connections at the end are quick and easy with little liability risks, unlike climbing electric or telephone poles, t…
> then use their own employees to go out and actually splice them into the previous lines or into an active network. Hahahaha - no. We use contractors for that too - no one who is outside our offices is an employee. GIS jockeys are contractors too. My developers also and most of the call centers. Essentially the only in-house functions are architecture, project management - everything else is contracted out.
I feel this is missing some industries with smaller company sizes and extreme employee to revenue ratios, e.g. Hedgefunds, High-end Legal Practices etc. Even more so as these may have the ability to avoid support-functions (HR, Mid Level Management etc.) that don't directly add to the bottom line.
Earlier quoted context omitted.
I think people often don't realize the scale at which energy companies use contractors/etc. The "boots on the ground" folks are almost entirely contractors or hired through another company. Plenty of companies exist purely to provide employees to one oil company in one field. Exxon/Chevron/Total/BP/etc each have around 50-100k employees (I may be a bit off there, but it's in the ballpark). The workforce required for…
Telecomms do this for laying new wires/fiber too. They subcontract most all of the lashing, digging, and boring and the pulling of actual fiber lines, leaving the ends loose, and only then use their own employees to go out and actually splice them into the previous lines or into an active network. The connections at the end are quick and easy with little liability risks, unlike climbing electric or telephone poles, t…
Earlier quoted context omitted.
Ok, I'll bite. Care to name a hardware company that doesn't use parts from Foxconn?
That doesn't make it less true.
People there want to work at Foxconn.
The “slavery” rhetoric is entirely baseless.
One item that I find potentially misleading is that, to my understanding, oil and gas companies outsource/subcontract a lot of the seasonal/irregular/less predictable work to third-parties. This means that these people aren't calculated in these numbers, but they generate a good chunk of the revenue. I could be wrong about that, but I used to work with Exxon and they talked about this - that the total employee base w…
Profit per employee would probably be more interesting.
One item that I find potentially misleading is that, to my understanding, oil and gas companies outsource/subcontract a lot of the seasonal/irregular/less predictable work to third-parties. This means that these people aren't calculated in these numbers, but they generate a good chunk of the revenue. I could be wrong about that, but I used to work with Exxon and they talked about this - that the total employee base w…
Earlier quoted context omitted.
I think people often don't realize the scale at which energy companies use contractors/etc. The "boots on the ground" folks are almost entirely contractors or hired through another company. Plenty of companies exist purely to provide employees to one oil company in one field. Exxon/Chevron/Total/BP/etc each have around 50-100k employees (I may be a bit off there, but it's in the ballpark). The workforce required for…
True, but many of those contractors will themselves be classified as energy companies according to the S&P (GICS) sector classification. For instance, energy services companies such as Schlumberger or Halliburton belong to the energy sector as well. But it's true that there will be a ton of low value work that gets outsourced to services companies that are mostly classified as industrials (construction, environmental…
Earlier quoted context omitted.
The Foxconn manufacturing factories in China are NOT sweatshops, not even close. My hometown (Zhengzhou) has one of its biggest factory, and for people who have no higher education (like straight out of highschool), it's a super competitive job. People literally bribe to get in. Sure, it's still a soul-draining blue collar job, but they follow laws (for an enterprise in Foxconn's scale, they are strictly supervised b…
McDonald's for McDonald's I was paid better in South Africa than I am in America for the same job in the same company. I earn 3 times more dollar-for-dollar, a competitive rate for the region I'm now in. South Africa is regarded in an honest way as cheap labour (but in this case: highly skilled) but those employees live in the top percentage of upper-middle class for the region. America is extremely expensive to live…