The manifesto ostensibly wants to roll back the clock and go back into the past.
I'm doubtful whether it is possible to achieve this, mainly because
of a few laws of
thermopeople-dynamics. Reducing the head
count by 20% is not going to improve performance and all you might
end up doing is to give the rest a persecution complex and possibly
increase their workload. And all that after admitting to bad decisions in investment
Then the wage strawman is throw in, always available as a convenient reason for low productivity.
Moreover, our compensation systems don't align to our overall success. Weak performers that have been around for years are rewarded. And many of our top performers aren't adequately recognized for their efforts.
Pay packages are generally a function of the years of experience. A 10 year experienced employee churning out run-of-the-mill code will get paid more than a 2+ guy writing top of the line code. The pay parity that the company keeps is indirectly unfair and enocurages you to be as stupid & worthless as you can be, yet earn more than the hard-working junior.
Those are the rules of the game and some of us have come to accept that as inevitable. But when you hear rumours (in Economic Times, no less) that fresh campus recruits are going to be paid at par, maybe a bit more than what you are earning, the quoted paragraph makes no sense.
As a result, the employees that we really need to stay (leaders, risk-takers, innovators, passionate) become discouraged and leave.
Well, duh ! If they didn't leave, they'd hardly qualify as people with initiative. I've put down my take on that, a while back. That bit of wisdom from a senior VP, vindicates my personal feelings (or does it prove that I'm not a risk-taking passionate innovator, because I'm still sticking around ?). And maybe ... just maybe toolz had a point.
All in all, I assume that the author of this Manifesto wrote it out of pure good-will, frustration and naivete, as a last call to turn the company around. For once, I'd like to think the dilbert cartoon above is completely fictional and bears no resemblance to any company, outside of a cartoon.
Either way, que sera, sera.--
Give me the strength to change what I can, the inability to accept what I can't and the incapacity to tell the difference.
-- Calvin prays,