Tuesday, July 15, 2014

People Who Should Be Fired

The vice president of our local office once lamented to me that we had several employees who were not taking advantage of the 401(k) match provided by our employer.  It was 50% on the first 6% of the salary we contributed.  So, someone contributing $3,000 would receive $1,500 from the company as the "match." He wondered how we could inspire people to make at least the minimum contribution so they would receive this immediate 50% return on their investment. My suggestion to him was, we ought to fire them.  If someone is not smart enough to put even a few dollars in an account where they immediately get a match of 50%, then they may not be smart enough to be working at the company.  That's a little harsh maybe, but anyone who can contribute the money and doesn't might need a refresher course in basic math.

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