I worked over 40 yrs at my hospital...of course it was covid so they will use it as an excuse but when I retired there was nothing except a simple pot luck on my floor....no handshake, no clock, no plaque , no nothing....I would have thought a nice thankyou for your service card would have been nice..
no loyalty...remember that if you're just starting out.....the company doesn't really care...
The loyalty of companies ended when the lawyers and bean counters took over US corporations in the 1970’s and 1980’s from the marketing/sales and production/R&D executives. Financial people and lawyers do not make thing or sell things and therefore do not driver innovation or customer satisfaction which is critical to the success of a business.
The 1980’s brought a wave of financial manipulation by Wall Street investment banks and hostile takeovers by corporate raiders. Takeovers resulted in massive downsizing of acquired companies and asset stripping that destroy jobs and once great businesses. The 1990’s brought “free trade” and the outsourcing of US manufacturing to other nations resulting in the destruction of the blue collar middle class.
Corporate loyalty died on the vine of financial greed driven by Wall Street banks, financial corporate executives, and the politicians who enabled them. They fundamentally changed the capitalist system in the USA. Loyalty died with the millions of jobs erased by the raiders and the globalists.
I don’t know about teachers but Fed Gov’t employees do not retire at full salary.
Under the old civil service system at 30 years age 55 you got about 55% of the average of your highest 3 year’s salary. Under the newer system (implemented about 1984?? it’s less, but there is a program similar to a 401k with salary matching up to 5%.
The last company I worked at had a manager who drove everyone away either by firing or making petty criticisms in the last 5 years or so. I was the last of the original people in that dept after 18 years. I think he did this because he enjoyed it but also because he made bonus money by hiring new people at lower wages. He left the company because of new management which forced out the 4 managers above him. He was going to be next : )
I bet he is doing the same at the new place.
I had been investing in single stocks and was doing well and eventually retired because of the money made. I never did a 401k but I should have.
401 Calculator
https://www.calculator.net/401k-calculator.html